Harvest Minerals Share Discussion Threads

[johndee] 23/8/2016 10:59

Colin

City of London Investments are £3.70 a share, 16 pence divi to be paid in Oct making 24 pence for the year. Do your research before recommending.

CIN are nothing to do with it and are likely to go bust.

[andrbea] 23/8/2016 10:58

old article (projected tonnes/year)
21.6.2016


At the moment, the working assumption is that there is between eight and 10 mln tonnes of fertiliser in the ground and that mining as much as 500,000 tonnes per year might be “optimistic”, according to McMaster.

But even ramping up to a few hundred thousand tonnes per year over a few years could prove very lucrative to the company, especially as it would just be the start of a wider Brazilian footprint.

Longer term, the aspiration is to take the company’s overall production – from several sites around Brazil – up to the million tonnes per year mark.

That will take some doing, and possibly some new projects. But Harvest does already have some secondary projects in the pipeline that are coming along behind Arapura. There’s the Mandacaru phosphate project, for example, in Ceará State.

“We got this asset for free,” explains McMaster. “Then we spend US$20,000 on it proving up a JORC resource. The results from that showed over 4 mln tonnes of phosphate with potential for as much again from as yet only tentatively explored ground.

At this stage, McMaster doesn’t want to overplay the significance of this development. Instead, he says, it’s about know-how.

“We’re trying to demonstrate that we know our way around Brazil,” he says. “We’re putting together a stable of assets. We’ve got Arapura, but we’ve got others, and they won’t take a lot of capex. These projects do exist, you’ve just got to find them.”

And once they’ve been found, it’s unlike the company will be sort of a market for its product. Farming in Brazil is big business, and there are plenty of local farmers within a radius of around 150 kilometres of Arapura who might be interested in taking fertiliser from Harvest.

There are also six established fertiliser blending facilities in Brazil that take all kinds of product and which would almost certainly be interested in the Arapura output, which has a higher than average potassium content.

“We’ve got quite a few channels,” says McMaster. “We’re starting to work through who our prospective customers may be.”

[andrbea] 23/8/2016 10:53

indeed Simonparker5. The MMs on AIM can't cotton on to that. And are happy to let the other potash play (sxx) ride north like there's no tomorrow.

This market is hard to fathom sometimes.

[simonparker5] 23/8/2016 10:49

So based on $90 a tonne with production of 100K tons a month, less $20 a tonne for costs, gives annualised profits of $8,400,000 or £6.5m. This for only 3% of the acreage and a company capitalised at £14m. Looks cheap to me.

[sja123] 23/8/2016 10:46

"Commenting on the agronomic and metallurgical test work, Executive Chairman of Harvest, Brian McMaster stated:

"These latest results are excellent and well beyond our expectations, in particular regarding the solubility, which we believe, is better than for any similar product currently in the market. Additionally, the ability to further uplift the product grade through simple wet-sieving, demonstrates that we are developing an attractive product range, which could be varied to target specific crops and customer uses."

Seems their product's solubility may be unique in the market, all of which enables plants to take up more of the fertilizer with consequences for higher yield...

Unique product should attract premium prices....remember DuSolo are presently charging $90 per ton from what I've read....:-)

[colin12345678] 23/8/2016 10:38

john dont be stupid and do some research

[soulsauce] 23/8/2016 10:38

Andrbea but surely any product that is processed will be sold at a higher cost hence the benefit of doing it. The unprocessed straight out of the ground stuff will be sold at circa $50?

[johndee] 23/8/2016 10:37

Colin, CIN are likely to go bust, what garbage are you giving Glen?

[andrbea] 23/8/2016 10:33

see the value?

so wet seiving and a bit more processing, let's say $12/tonne costs
subtract from 55$/tonne selling price gives 43 net
Assume 100k tonne commercial operation (a year or so hence) = 4.3m net profit/year

or have I oversimplified it?

[glenkaz] 23/8/2016 10:21

16.7 to sell!!!!! Sorry it's going down! I'm not on a downer with my loss of £6k now this will hit 50 this year! 🤑 15p. Will be seen again I'm sure! Gla ! Think of the permit when it lands! Keep you 😀! My thoughts only!

[johndee] 23/8/2016 10:04

Most of the largest trades are buys.

[glenkaz] 23/8/2016 10:02

Dropping 😱 Saw thi pattern yesterday! Sells activated if we don't hold17p ! Next news weeks away ! Can't see any boooom! Today! My thought only! Will have to wait to recover big loss!!! Then big gain 😀 Permit news will set this on fire!!!! 🤒

[dice1950] 23/8/2016 09:36

08:32 23 Aug 2016

Harvest Minerals (LON:HMI) 17.75p £16.7m
Arapua Fertiliser Project Update: positive results for the latest agronomic and metallurgical testwork conducted at the Maximus prospect, part of its Arapua Fertiliser Project in Brazil. All results were well within the required specifications. Notably, no toxic elements are present. Excellent solubility levels. The significance of this work, is in part, the option to be able to produce and products with different grades in order to service different market sectors as commercial production develops.

[dice1950] 23/8/2016 09:31

HARVEST MINERALS HMI
Market Cap: £16.7m
Price: 18p
Spread: 4.4%

Hot-stock Harvest Minerals have announced the positive results for the latest agronomic and metallurgical testwork. This testing was in relation to the Arapua Fertiliser Project based in Brazil.

The company suggest the results of this testwork have “exceeded the Company’s expectations”. The results show materials to be of a high grade. There are no toxic elements revealed in the testing process. Solubility results were “excellentR21; – 90.99% to 95.00% in 2% citric acid, which is close to the acidity levels of the soils (in the Brazil region). The pH was almost neutral (6.5 – 6.7) suggesting the fertiliser could be used a neutralising agent. The product grades can be increased by a wet sieving process, a simple low cost process. The results appear very promising.

As a result of this study, the company have made an application for its Direct Natural Fertiliser product to be classified as a “soil remineraliser”. The company feel this would offer longer term marketing benefits.

The company appears to have a decent upcoming newsflow. They are expecting the announcement of their environmental permit in the “next few weeks”. Then, the company hopes to secure its trial mining permit, which is in the process of being applied for. Additionally, the company are hoping to undertake a drilling programme by the end of the year.

These latest results are excellent and well beyond our expectations, in particular regarding the solubility, which we believe, is better than for any similar product currently in the market, Brian McMaster
This looks promising to me – the company has real momentum behind it. However, I am wary of what happened with Asiamet, who produced fantastic results that exceeded expectation only to see their share price tumble. Unfortunately, this was case of traders looking to make a quick buck. This stock has had a fantastic run, I’ll be interested to see how it performs today.

[johndee] 23/8/2016 09:29

A few large delayed buys coming through.

[dice1950] 23/8/2016 09:28

NLG buyers

[johndee] 23/8/2016 09:22

About half a dozen or so only got in around the 15 pence mark this morning, nothing to worry about, more likely to rise about 20% today.

[sja123] 23/8/2016 09:21

OK, I've re-read the RNS carefully and concur with Charles Clore.....the wet sieving and extra processing is indeed an option going forward to commercial mining and doesn't appear to have a material effect now....so scoping study figures are still very much in play for trial mining...

"The Company considers additional work should be undertaken in confirming the processes and results on upgrading the product, however, this will not form part of the trial mining phase."

...and it is all good, as it may simply lead to more profit for their product!

Never meant to mislead....important to read ALL the RNS....right to the end!

All imo etc

[glenkaz] 23/8/2016 09:10

Mmm! Feel a drop coming! Traders got in at 15p!!!!

[sja123] 23/8/2016 08:56

Agree soulsauce...in business terms, it makes perfect sense...

[shakeypremis] 23/8/2016 08:48

Charles, that's what I meant, they haven't decided what to do yet. It would make sense however to go for that extra return.

[soulsauce] 23/8/2016 08:47

It makes complete sense for HMI to have a variety of product to suit individual needs which I assume will be priced accordingly.

The mgt here are doing a great job here exploring all the options and developing the company accordingly.

[glenkaz] 23/8/2016 08:46

There will be big winners and losers today for sure 🤒