Harvest Minerals Share Discussion Threads

[ypymytyc] 19/7/2018 19:28

It would appear so.

Bartolomeu? now that rings a bell.

YP

[kreature] 19/7/2018 19:08

the company registered office is up on the farm

[ypymytyc] 19/7/2018 18:37

'the Company'?
CPNJ: 09.018.272/0002-74 opening date 26/03/2018 a branch in Carmo do Paraniaba. Office RNSd 20/04/2018 including re-registering the project with the DNPM as part of MAPA and registration.
Why take so long (since late Sept 2017)to get the MG link.
I'd say they need to get better Brasilian real estate/mining Lawyers, or was that all part of the plan?

All in my opinion of course.

YP

[kreature] 19/7/2018 18:35

Your application 'to apply' for a passport has been approved at the post office counter by a trained member of staff. This application will now be sent to the passport office to be considered.

Your application 'to own' a dangerous breed of dog has been approved. The next stage involves a visit to your home to confirm that you should never own a dog.

'The Company received confirmation yesterday from MAPA that it has approved the Company's application to register KPfértil as a remineraliser.

It says 'to register' - It doesn't say, 'registered'

[john henry] 19/7/2018 17:26

Strange comparison Kreature, need to do better.

[john henry] 19/7/2018 17:24

Approval - Permmission Written consent by a regulatory body to proceed with a requested activity, without in any way diminishing the applicant's obligation to meet the standard or specified requirements. Approval may take the form of certification, licensing, or registration, and is sometimes used as an alternative term for authorization.

[john henry] 19/7/2018 17:23

Receiving an approved, certificated Kitemark

[kreature] 19/7/2018 17:09

sort of like meeting the requirements for a job interview ?

[john henry] 19/7/2018 16:18

Approval has been given to register KPFertil as a Remineraliser. The company will now be able to register the product as a MAPA approved Remineraliser with the approved KPFERTIL Trade Mark.

A little like a Kitemark being given in the UK.

[kreature] 19/7/2018 14:16

The RNS did not say, 'It received approval for the product', as in the article. Perhaps I missed it ?

The RNS said it received, 'Approval to register KPfértil as a remineraliser'

There is a large difference IMO. Perhaps clarification is required? ATB

[kreature] 19/7/2018 14:08

4967; a hypothesis ?

[john henry] 19/7/2018 14:05

Harvest Minerals bags critical government approval for flagship fertiliser (HMI)
by ValueTheMarkets • July 18, 2018
Today saw Harvest Minerals (LSE:HMI) finally report that it has secured the much-anticipated government approval needed to register its KPfértil product as a remineraliser in Brazil, leading shares to rise 5.7pc to 18.6p. It received approval for the product, a multi-nutrient natural fertiliser, from the Ministry of Agriculture (MAPA) in Brazil and also received 10-year trademark approval for the brand name KPfértil.

The government approval has been highly sought after by Harvest and its investors since the business signed a game-changing $2m sales order for KPfértil in a significant move towards profitability in May. The deal saw major Brazilian fertiliser and agriproducts distributor Agrocerrado buy an initial supply of 36Kt of KPfertil at $60/t, with delivery coming in early May this year.

As we wrote at the time of the deal, Harvest has previously reported all-in production costs of $7/t at Arapua, meaning the agreement will provide a profit of $53/t, or an 88pc margin. This equates to a profit before tax of $1.9m, with further orders from Agrocerrado potentially in the pipeline – the company said additional discussions regarding sales are on-going.

Elsewhere in today’s update, Harvest announced that it has submitted final studies to the Brazilian Department of Mines as part of an application for a Full Mining Licence. In the meantime, Harvest continues to operate under the existing environmental licence for trial mining granted in December 2015 for four years.

Finally, the firm said that following its recent £9.7m placing, it has advanced its business plan and commissioned an enlarged 320Ktpa processing plant at its Arapua project, where it makes KPfértil. The expansion of Arapua is intended to support Harvest’s existing and anticipated sales pipeline in line with its expanding sales and marketing activities during H22018.

[john henry] 19/7/2018 12:49

Brian McMaster, Executive Chairman of Harvest, said, "Gaining certification from MAPA for KPfértil, our proven, multi-nutrient, slow release, organic remineraliser, is a great outcome and places us in an even stronger position to advance sales

[kreature] 19/7/2018 09:15

Out of all the possible outcomes, I agree with the RNS that, 'Gaining certification from MAPA....is a great outcome'

How likely is that particular outcome though?

[kreature] 19/7/2018 08:38

Any news on MAPA cert yet? Great that the application has been approved but how long does it take to consider the application ?

[kreature] 18/7/2018 23:27

So how many more of 'these' final submissions are part of the final application process ?

'Additionally, Harvest has submitted the Environmental Report and Feasibility Study to the DNPM as part of the final application process for the FML; the DNPM now has up to one year to grant the licence. These are the final submissions required. Meanwhile, the Company continues to operate under its current Trial Mining Licence granted in December 2015 for four years.'

[amunro] 18/7/2018 21:00

So why did it take so long for MAPA to approve it? Was there issues? Did they really not want to approve it and needed some persuading? I am still not 100% convinced about HMI; once revenue starts rolling in then I will be convinced.

[john henry] 18/7/2018 20:46

Why would you need to re write Kreature. Myself and probably the majority of the market understood what BM was saying, apart from you it seems. LOL

[whl2] 18/7/2018 19:37

Only 8 months out bud!

[kreature] 18/7/2018 19:07

Approval 'to register KPfértil as a remineraliser'

to: 'approaching or reaching (a particular condition)'

I would have written something more like;

We are delighted to finally announce that KPfutil has formally been certified as a 'remineraliser' by MAPA. The certificate of registration arrived today and the registration number is 666. This will also be announced in the Gazette on Friday 13th etc.

[john henry] 18/7/2018 17:19

Kreature, you really need a return back too school and retake your English Grammar.

Unless you are still at School, then you may be excused for your lack of understanding.