Harvest Minerals Share Discussion Threads

[costax1654x] 02/4/2019 15:04

5.8-6.2 will be a good entry...Wait by Friday

[soultrading] 02/4/2019 14:58

Great price!

[costax1654x] 02/4/2019 14:41

A 10 mil mcap here is fair!!!

[kreature] 02/4/2019 14:34

Do they still intend to blend the kpfutil with other products? If so, won't the 'active content' of the dust become further diluted ?

[costax1654x] 02/4/2019 14:15

At 6p I will buy some...meanwhile overpriced

[kreature] 02/4/2019 14:10

Well that's YP's initial 7p forecast bang on. Where now ?

[costax1654x] 02/4/2019 14:04

Look at the price!

[jailbird] 02/4/2019 10:30

Really To back up your comment , So tell me what Level 2 is saying ?

[costax1654x] 02/4/2019 10:27

Is looking weak

[kreature] 02/4/2019 08:34

Hopefully the MAPA cert will show up by then

[whl2] 02/4/2019 07:25

Back to hibernation mode - see you all in September

[kreature] 01/4/2019 20:22

Surely few AIM entities would bother with continual ruses via an affable figurehead were if not for the world class credulous UK 'investor'? Perhaps HMI are the exception though?

[whl2] 01/4/2019 20:04

yup - doesn't reply to emails either

[scrutable] 01/4/2019 18:50

The company has assets worth far more than the current cap. It has to be established whether McMaster is fundamentally untrustworthy, or is simply inadequate for the job.
Does he respond openly to shareholder correspondence? Or with evasions?

The answer will influence the type of letter I will soon send and hope he will see it as constructive feedback. I fear that he will not. He has already prepared ground in the last T/S for shareholders to expect a period without news of progress.

"........there are many moving parts to achieving this (ie profitable, sustainable, business) and the timing and scheduling of our objectives will not always fit the schedule of our shareholders, or the timing of 6-monthly reporting........
and.....
" periods where the communication with the market may be thin".

The Chairman is trying to prepare shareholfers against future dissatisfaction, and should not be allowed to assume he can get away with this.

[costax1654x] 01/4/2019 13:11

Right again...I will buy at 6.5!

[costax1654x] 01/4/2019 12:40

Below 7 p by the look!I will buy some!

[zala1] 01/4/2019 10:14

From me. The company tells us that they expect full year break even at pretax level, which implies a profit in H2 equal to the loss reported in H1. Then I add the recurring opex run rate in H1 to reach an estimated Gross profit for H2

[andy] 01/4/2019 09:15

Zala1,


Maybe I'm a bit dense this morning, but can you explain this please? By that I mean where these numbers originate from?



" A pre tax profit of A$1.8m in H2 would therefore imply a gross profit of A$3.2m in H2."

[costax1654x] 01/4/2019 09:09

Is going below 7

[roguetreader] 01/4/2019 08:02

Cheers Zala1
It would be good to see some of those numbers stated in a formal company release
RT

[whl2] 01/4/2019 07:34

Another "new" corporate presentation rehashed and containing nothing new. When will this company learn ?

[zala1] 31/3/2019 19:14

Notes from the U.K. Investor Show1. Per Fridays's RNS, HMI expect to be pretax break even for the year to June 2019. I confirmed that this must imply a pretax profit of at least A$1.8m for H2 FY19.2. Direct costs are currently running at US$15 per tonne but will fall to $10 and then $7.50 at volumes of 100,000 tonnes per annum.3. Selling prices are $55 per tonne.4. Receivables of A$1.3m relate to product delivered in December and are subject to a typical payment cycle of 60-90 days. This is standard in the industry.5. The sales of 86k tonnes announced last year to two distributors are being supplemented with HMI's own direct sales force of 6 ppl plus one sales manager. Two more are soon to be hired.6. The KP Fertil product is both a fertiles (for the plant) and a remineraliser (for the soil). KPFÉRTIL has already been certified as a remineraliser and has applied for a similar certification as a fertiler, but this takes more time.7. The fact that capes is done and profits are expected in H2 means that the current cash level of A$12m should not fall further as the sales cycle is now self financing. On the contrary, cash should build at H2 sales levels.8. Coffee season is in H1 and soybean season in H2 so KPFÉRTIL sales cycle need not be seasonal over the year.9. There is absolutely no need to raise money. Even if HMI did not have any revenue at all for three years, the current cash on balance sheet would be sufficient for three years of operating expenses.10. Operating expenses were A$2.4m in H1, but this included a write-off of money relating to Geoclico and share based payment expense, totalling $1m, which are non recurrent in nature. Excluding these, normalised operating expenses would be A$1.4m per six months or $2.8m per year.11. A pre tax profit of A$1.8m in H2 would therefore imply a gross profit of A$3.2m in H2. My estimate. At a 60% Gross Profit Margin (same as H1), that would imply revenues of A$5.3m in H2, versus just A$1.0m in H1. My estimate again.

[kreature] 30/3/2019 17:31

When it comes to 'Consulting expenses' on AIM, who better to consult than one of your other companies, or just consult with yourself for a bit, then it's a win win surely? Just plonk it in the accounts as 'related parties transactions'