Harvest Minerals Share Discussion Threads

[dan554] 19/12/2015 00:59

I just got an update , it says 23rd Dec for me. Unless its changed?

Thats the official date from my broker.

[pilot48] 18/12/2015 21:07

Consolidation takes place on 5 January.

[dan554] 18/12/2015 20:41

Have you got your shares from this consolidation yet?

[blanklouis] 17/12/2015 13:14

That is +100,000,000 on top of the 82mill
T

[pilot48] 17/12/2015 12:23

In the excitement it looks like you missed a zero. Is that 100m plus in total or just another 100m to be issued...

[blanklouis] 17/12/2015 11:45

Post consolidation am expecting dilution of shares to the tune of 100,000,00 plus!!

[pilot48] 13/12/2015 03:23

The main participant in the placing is Graham Edwards. CEO of Telereal Trillium, which "is one of the UK’s largest property companies, owning and managing more than 8000 properties and housing 1% of the UK’s workforce." Most of these are government properties.

[pilot48] 09/12/2015 20:37

Based on the above, we consider the value of a share in HMI following the Tranche 2 Placement on a minority interest basis to be between $0.254 and $0.312, with a preferred value of $0.282.

[pilot48] 09/12/2015 20:33

For the reasons described above, we conclude that the value obtained under the NAV approach is more reflective of the value of a HMI share prior to the Tranche 2 Placement. Therefore, we consider the value of a HMI share to be between $0.359 and $0.413, with a preferred value of $0.386.

[pilot48] 09/12/2015 20:30

"The table above indicates a range of values for the Company’s interests in the exploration assets of between $28.10 million and $32.90 million, with a preferred value of $30.50 million."

[pilot48] 09/12/2015 20:29

From BDO's report - valuation of HMI shares before Tranche 2. Current share price is 1.2 cents.

The table above indicates the net asset value of a HMI share is between $0.359 and $0.413, with a preferred value of $0.386

[pilot48] 09/12/2015 20:14

Edwards Family Holdings is a strong institutional shareholder partner who will add value to the Company’s strategic goals, the presence of Edwards Family Holdings as a major shareholder, may also increase the Company’s ability to raise additional funds that may be required in the future to fund the Company’s longer term development strategy of its exportation assets; and

[pilot48] 09/12/2015 20:14

From today's RNS.

Edwards Family Holdings invests in a diversified portfolio of global investments. The registered owner of Edwards Family Holdings is HSBC International Trustee Limited (Jersey Branch). Mr Graham Edwards and his family are beneficiaries of Edwards Family Holdings. Mr Edwards is a resident of the United Kingdom and chief executive officer of Telereal Trillium, a property outsourcing and investment business. The board of Edwards Family Holdings is comprised of independent directors.

[pilot48] 07/12/2015 21:44

Matt Wood is the chairman of Five Star Diamonds (another Brazil focused company). An IPO is expected in the short term and they're appearing at a Proactive Investors event on 10 December...

hxxp://masterinvestor.co.uk/uncategorized/matthew-wood-and-brian-mcmaster-come-to-town-bearing-diamonds-fertilisers-and-future-profits/

hxxp://www.proactiveinvestors.com/register/event_details/25

[pilot48] 17/11/2015 13:47

Interesting nugget from today's RNS:

one of these clients, Graham Edwards, will take up a substantial investment in the Company by subscribing for up to 220,000,000 Shares. Where the full 220,000,000 Shares are issued to Mr Edwards he will hold relevant interest amounting to 23.41% in the Company (assuming full subscription under the Placement.

[someuwin] 12/11/2015 07:41

12 November 2015

Harvest Minerals Limited

("Harvest Minerals", "HMI" or the "Company")

Placing of New Ordinary Shares to raise gross proceeds of US$3.6 million

Harvest Minerals (AIM: HMI, ASX HMI), is pleased to announce that it has conditionally placed 317,240,000 new ordinary shares of no par value in the share capital of HMI (the "Placing Shares") with certain new institutional shareholders to raise approximately US$3.6 million (approximately GBP2.4 million) before expenses at a price of 0.75 pence per ordinary share (the "Placing"). The Placing has been completed through the Company's broker, Mirabaud Securities LLP.

As part of the Placing, the Company has agreed to issue one warrant to subscribe for one new ordinary share for every two Placing Shares subscribed for by placees, each warrant exercisable at 0.88 pence per ordinary share at any time before 31 May 2017.

The net proceeds of the Placing will be substantially applied to the development of the Company's Arapua Fertilizer Project ("Arapua") as well as consideration of other opportunities and general working capital. The Company continues to progress exploration activities on its other assets, the Sergi Potash Project and the Capela Potash Project.

For further information on the Company's projects, please refer to the Company's AIM Admission Document and the Company's website:

Brian McMaster, Executive Chairman of Harvest Minerals, commented:

"The Company is delighted to have closed this placement and to welcome high calibre institutional shareholders to the Company. Mirabaud has done a fantastic job advising the Company through its maiden London fundraising. This tranche of funds will enable the Company to substantially progress its business plan without being overly dilutive to existing shareholders at this time. The Company looks forward to providing further updates to Shareholders as matters progress in the coming months."

Enquiries:

[dan554] 09/11/2015 11:46

Got my voting forms through.Anyone else?

[pilot48] 28/10/2015 21:22

I think some are delaying an entry until funding is sorted. However, any placing price could be higher if the SP/newsflow progresses in the interim.

[rogerny] 28/10/2015 20:51

Thanks pilot!

Like i said im well read on this so happy to be involved in chatter, most will miss an early entry here as its fairly unheard of so far!should be a good 12 months for those buying now and willing to hold.

12 months from now is 2 months short of 2017!!!!!! Vale will come calling IMO as they have the customer base, the infrastructure, the processing plant..........

Dont have to be a genius to work out how this play out! Major JV or take out coming

[pilot48] 28/10/2015 20:02

rogerny, no thunder stolen, always great to add more quality perspectives.

[rogerny] 28/10/2015 18:58

Early doors info here on the transformation from TRI to HMI



More update info here,



Investor presentations are well worth a read!!!

[rogerny] 28/10/2015 18:55

Not wanting to steal any thunder but well read on this one so thought i would contribute to the conversation,

The Capela Potash Project is a potentially world class potash project at very shallow depths.
Importantly, the Project is located in close vicinity and immediately adjoining to the north of Brazils
only producing potash mine, which is currently scheduled to be decommissioned from 2017.
Brazil is one of the worlds largest consumers of Potash and currently imports 90% of its considerably
growing needs

[2seabass] 28/10/2015 16:46

Alost mining companies in the sh1t, ie steel etc with glut and low prices and no growth prospects in sight. Fertiliser however just the opposite.

[dan554] 28/10/2015 16:01

I see, so a good thing for HMI then. Just the way I read it wasnt how you explained. Thanks for that.

Dan.

[pilot48] 28/10/2015 15:39

DanIf you look at some of the articles and investor presentations it mentions that Vale's mine is closing in 2017. Hence speculation of a JV or an agreement for Vale to process HMI's material.I'll follow up with links and quotes unless someone else beats me to it as I'm on my mobile at the moment.