Harvest Minerals Share Discussion Threads

[kreature] 23/2/2019 01:43

search 5004646-3220194025101 at jusbrasil.com.br
ATB

[zwemnaar] 22/2/2019 22:23

Link seems to be dead. Got another one?!

[zwemnaar] 22/2/2019 08:04

What's this from kreature? Post a link?

[kreature] 21/2/2019 16:43

Is this good? I don’t know....google Translated: ‘ANM claiming that by virtue of the termination of the sale of the KP Fértil product to the Agrocerrado company, generated an NF in the amount of R $ 51,107.76, which exceeded the period of 24 hours provided for in the SINIEF Adjustment’

[roguetreader] 20/2/2019 14:47

RI,
I am assuming they are not using EBITDA for the PE calculation as the PE should be based on Net Profit. Therefore further assuming their expectation of 'Net Profit' from the presentation will be around $360M / 26.75 = $13.45M or £10.35M. If this is the case then with the current HMI Market Cap = £26.48M, the forward PE would be roughly 2.5. Therefore once the company is up and running on stable basis and producing at 450K/tpa it should be at least a 10 bagger from here to get to the average sector valuation of 26.75. Some water to get under the bridge before we get there, but that is how I see the numbers presented. Happy for someone to post alternative view / interpretation.
RT

[tadders2] 20/2/2019 13:32

Certainly a breakout on the chart

[marbill73] 20/2/2019 13:29

Skin integrated cbd...

[resource invest] 20/2/2019 13:13

RT, you are correct, it is all about sales and orders. This selling season will be really important...

But once orders are confirmed those sitting on sidelines will be paying much more

The fact the company is likely to be breakeven, a few months after sales have commenced and over a period were the product had not been proven provides great signs for the year/s ahead


One thing I can't understand is their valuation in presentation 26.75 times multiple * $21.45m (provided by Harvest) = $573m. They say $360m..... ??

[scrutable] 20/2/2019 12:59

everyone interested in HMI should by now have read the updated presentation issued on Jan 23

hxxp://harvestminerals.net/media/1294/harvest-corp-presentation-q1-2019.pdf.

The key item confirmed in this new business, being the extraordinary operating margin of 86%, arising from the established sales price of $55/T against Opex of $7.5/T. This will rise even further after today's RNS that the power supply has finally been connected to the national grid and the high cost of diesel generation, in future avoided.

Last year, ie in the first year of start-up, there were small direct sales, but two major contracts were landed with distributors totalling 86KT. Now that the 2018 harvest has been gathered and it is the quiet season. Fertil is beginning to be shipped in bulk from the large stock pile, built up whilst permits were being sought. Production capacity is just above 26kT/month HMI must already have turned profitable and will quickly become cash flow positive. Quite impressive for a completely new company.

This seems destined to become the most profitable operation on AIM outside the on-line betting business,, a judgement which is for the first time signposted in the SP, which has been rising at 10-bagger rate for the last two months, and is the highest on AIM during 2019.

The comany reports on H1 in about four weeks, when I expect the share price to break through all-time highs before the inevitable profit taking.

[roguetreader] 20/2/2019 12:39

RI, I suspect there is a lot of money sitting on the sidelines awaiting confirmation of orders and sales, but don't disagree with the sentiment of your post.
RT

[resource invest] 20/2/2019 11:54

This stock is a no brainer:

$10m in cash
30x EBITDA multiple for the sector
Lost cost producer - $60 sales price, $8 production price


Current value = $34m
Less cash $10m

Asset value = $24m

Only requires EBITDA of $1m to be undervalued

Targeted EBITDA = +$20m

Value at target EBITDA = $20m * 30 = $600m

Share price at target EBITDA = £2.40

Won't get there overnight, but... you can enjoy the dividends along the way

100+ years of reserves.....

This is one for widows and orphans who want a multi-multi-bagger return

[kreature] 20/2/2019 09:49

Great news for the plants and plant. Is the portaloo connected up yet ?

[kreature] 18/2/2019 17:19

18hr round trip to get the fertil? They must be keen

[hungary16] 12/2/2019 16:51

Always a good sign when Kreature comes to life !

[kreature] 12/2/2019 16:47

All we need now is an appetite for the dust

[jailbird] 12/2/2019 14:07

Some serious appetite for the shares over last few days Some good size delayed buy orders filled

[harvestminerals] 11/2/2019 11:15

H1 results due soon. I believe it will show 30KT shipped and over 100kt of orders.. averaging 4000t out the door per month but ramping up and sales snowballing.

[kreature] 11/2/2019 10:49

oh god, just the intro makes horrible listening imv. Is there no gob filter fitted ?

[scrutable] 10/2/2019 13:44

the main potash deposits I believe lie close to the only other potash mine in Brazil, which is owned by Vale. I suspect that Vale's name will so stink after their second, predicted tailing's dam disaster, that an alternative supplier will be strongly welcomed.

[scrutable] 10/2/2019 13:38

jail bird. I agree. There can't be many penny shares pointing with high probability to a PE of 1.5 times, a few years after start up.

I am very impatient to see the first Trading Statement and H1 results at the end of March

[ypymytyc] 09/2/2019 10:26

Sounds like 'top shelf' talking to me?

YP

[jailbird] 08/2/2019 08:29

Harvest intends to ramp up production to at least 400,000 tonnes /year over the next few years, which would generate annual gross profits of $20m /year Co makes $50/ tonne gross profit These are big numbers and to also gave a mine life of 29 years I can see why ppl are buying in now . Can see what is coming this year and onwards

[jailbird] 07/2/2019 18:47

Ok no point talking to someone who does not seem to understand the Co's prospects You need to move on