Harvest Minerals Share Discussion Threads

[hungary16] 12/6/2018 13:37

I expect positive announcements imminent - a lot more upside to come !

[parisv] 12/6/2018 12:22

placing has gone down well it seems

[from8to800] 12/6/2018 12:20

Just bought in this morning.
Nice chart pattern, management buying shares, big contracts, volume in all the right places. Me likey.

When are results/trading update out?

[billyboychrisd] 12/6/2018 10:40

Me too Sauce, we held the 20p mark and with the placing complete, the future looks bright. All the best

[saucepan] 12/6/2018 08:43

I added today, feeling the placing has put an obvious floor on the share price and seeing some signs of upward traction from here.

20p tested as support looks textbook, too!

Thanks for the helpful, recent, posts Chipperfrd.

[ypymytyc] 12/6/2018 00:32

TR1's first perhaps?

[kreature] 12/6/2018 00:26

Any news on MAPA cert? I found this from September 2017 :

[harvestminerals] 11/6/2018 22:50

The difficulty the company is facing is satisfying all the orders and sale requests in the timeframes given. With a production line still ramping up the company are accepting sales from customers who will require repeat orders on a regular basis. At the present turnover we already have 5 months worth of production potentially every year for the foreseeable future. But why turn away customers to your competitors when you can invest 3 million in upscaling production now. The immediate effect is the ability to accept a further 6 million profit from sales. The counter argument is to build the company slowly without dilution but Harvest has hit the ground running in a massive market. The company who reacts fastest will secure the biggest slice of the pie. As for the additional capital raised - it provides copper bottomed triple masted proof that there will be no additional fund raise required. Investors can follow BM, safe in the knowledge that the product is in demand and the business model is solid.

[ypymytyc] 11/6/2018 22:43

State of.........

[jonnynixon] 11/6/2018 21:09

https://www.google.com/amp/s/www.theglobeandmail.com/amp/business/industry-news/energy-and-resources/article-brazilian-shuffle-canpotex-opens-sao-paulo-office-as-vale-exits/

[ypymytyc] 11/6/2018 20:33

Does anyone know any companies in São Paulo (that's a clue) producing organic fertiliser?
Hmmm.....
YP

[whl2] 11/6/2018 20:15

harvestminerals

31 May '18 - 21:18 - 4717 of 4755

I’ve a hunch that a big sale will be announced next week. Close your short Kreature... fair warning. Bwtfdik

Not too far off the mark Harvest - well done! Hope you got in on the placing, wished I had been given the opportunity. Still, very happy with today's activity. Onwards and upwards.

[kreature] 11/6/2018 18:29

So does anyone know who the lucky owner of 50,000 tons of dust is yet ?

When does Karma Chameleon get her $1m ? Surely she would want that on seeing such a commercial 'sale' ?

[brooko19] 11/6/2018 17:51

Says a lot about where this company is going if you ask me....

1) how many £27m Mcap companies can pull off £9m placings?!?
2) at such little discount
2) how may of those can do that and the share price hardly moves?!
3) placing is completed early
4) placing is oversubscribed
5) CEO buys £770k if placing shares
......
WOW

[kreature] 11/6/2018 16:25

Have you heard of forward selling ?

[amunro] 11/6/2018 16:19

Seems odd that on the same day an RNS for new sales plus an RNS for the placing and then its all placed?

[john henry] 11/6/2018 15:21

Suggest all you like, your comments count for nothing.

[kreature] 11/6/2018 15:18

May I suggest a ratio of 99 to 1, traditional fertiliser to kpfertil

[john henry] 11/6/2018 15:12

The Customer intends to blend KPfértil with its own product to form a NEW FERTILISER AND REMINERALISER PRODUCT for use on sugarcane.

[john henry] 11/6/2018 14:47

The Customer intends to blend KPfértil with its own product to form a new fertiliser and remineraliser product for use on sugarcane. The Customer is not a direct competitor of Harvest, operating in a different region.

[kreature] 11/6/2018 14:12

I'm actually a bit scared now. A 50kt order with who ? a producer ? why would a producer of fertiliser need something less than fertiliser ? Why not reveal the name of the potential buyer

[chipperfrd] 11/6/2018 11:48

I was estimating c. 320kt of sales over the next FY. So this 50kt order is nearly 16% of those sales already booked and we are still in FY18.

Placing would appear to add c. 48m new shares making a total of c. 177m. But this gives them plenty of working capital to push towards their 450kt pa of production output.

No sales price given for new order but presumably reasonably close to the US$53/t already secured recently. So c. US$2.65m of sales to start FY19.

My guesstimate for FY19 EPS (if 320kt of sales are made) is c. US$0.053 (4p), rising to c. US$0.075 (5.6p) if they reach 450kt of sales. These numbers include CoS, G&A(e), Royalties, Sustaining Capex and Tax.

All looks good :-)
Chip

[highly geared] 11/6/2018 10:35

One third dilution at least than 10% discount to prevailing market price + CEO buys over £750k as part of the placing. Suggests to me a very bright future with material sales orders in the pipeline.Insti’;s are going to want more than a quick 5% ‘flip’+ no one will stump up £9;million without some evidence of the sales pipeline.