Harvest Minerals Share Discussion Threads

[soulsauce] 28/9/2016 07:21

Brilliant and mention of increase in production in the drilling announcement. Well done HMI.

[bahiflyer] 28/9/2016 07:19

Also in breaking news; some cows got milked and a farmer picked up a spade.

[someuwin] 28/9/2016 07:10

28 September 2016

28 September 2016

Harvest Minerals Limited

("Harvest" or the "Company")

ARAPUA FERTILISER PROJECT UPDATE

Infrastructure Works and Preparation for New Drill Programme Commenced

Harvest Minerals Limited ("Harvest" or "the Company") is pleased to announce that it has started infrastructure work in preparation of commencing open pit mining and additionally, the Company is preparing the drill pads for the start of a new drill programme at its Maximus Phosphate Project, located in the Brazilian state of Minas Gerais.

Infrastructure Work

Last week, the Company carried out a topographic survey and started fencing the lease area to keep livestock away from the project site. The contractor has now broken ground at the site and started to remove the topsoil from the stockpile area. The entire civil works, including construction of site access and the stockpile areas, as well as removal and stockpiling of the overburden from the planned open pit, is expected to take approximately 30 business days to complete. By this time, the Company hopes to have also received the Trial Mining permit.

Drill Programme

The Company has also started the preparation for a new 35 hole air core drill programme at the project. The aim of this drill programme is to increase the size of the current resource to support an increased mine life and production rate as well as define the full extent of the mineralisation at Maximus. All the drill hole locations have now been surveyed and work on preparing the drill pads commenced yesterday. The drilling contractor is expected on site mid-October and the programme is expected to take 25 days to complete, after which the core will be sampled and sent for assay.

Please see the below links to selected figures illustrating the progress at site.

Executive Chairman of Harvest, Brian McMaster, commented: "We are very pleased with the progress to date. The completion of these initial civil groundworks is expected to coincide with the award of the Trial Mining permit, allowing us to start production around the end of October, well ahead of schedule. Meanwhile, the drill programme should allow us to increase the size of the resource enabling us to demonstrate long term supply to potential customers."

[dice1950] 27/9/2016 20:49

Published on Sep 27, 2016


Harvest Minerals Limited's (LON:HMI) Arapua fertiliser project in Minas Gerais, Brazil is a "fantastic one", according to Capital Network analyst Sam Catalano.
Speaking to Proactive's stocktube team, he said the project should be coming into production later this year.
Among its credentials, it is a very low capex start up, costing only up to $400,000 to get going, he says, since it's a case of simply digging the potash up from the ground and putting it on a truck.
It will be able sell the fertiliser at around $50 per tonne, while operating costs are less than $10 a tonne.
At a profit of around $40 a tonne, he reckons the project could yield free cash flow in double digits within the next couple of years.
The analyst added that Brazil was a faster growing market for fertiliser than the rest of the world.

[charles clore] 27/9/2016 19:02

The more I read about this company the more I like it. Spot on interview imho. The price is suffering from warrant conversionitis at the moment but it's only a few weeks to production now and I would expect a strong recovery when the licence announcement is made.

[dice1950] 27/9/2016 17:14

double digit profits this is £££;££ share its about time the real investors woke up been adding all week no doubt the video is ahead of production figures that are due cost 7 sell for 50 per ton at 100 ton a shot,listen 2 the analyst

[soulsauce] 27/9/2016 17:07

It certainly has that potential dice

[dice1950] 27/9/2016 17:05

Wow 10 bagger

[soulsauce] 27/9/2016 17:00

Brilliant thank you lastdrop ;-)

[lastdrop] 27/9/2016 16:47

Capital Network analyst Sam Catalano Harvest Minerals Limited’s (LON:HMI) Arapua fertiliser project in Minas Gerais, Brazil is a “fantastic one”
27th September 2016

[soulsauce] 26/9/2016 14:57

Still here, nice consolidation at this level. Great story building here.

[moormoney] 26/9/2016 14:53

Off we go again. 😀😀

[gilscottheron] 26/9/2016 13:07

Looks like it

[fission453] 26/9/2016 13:00

Everybody asleep?

[charles clore] 23/9/2016 13:47

Brutus, It looks like the share price is suffering on low volume due to warrant conversion followed by profit taking, rather than Brazilian stock traders commission. I am hopeful this will be reversed as warrants are depleted and positive newsflow ensues.

[brutus8] 22/9/2016 16:30

The early morning sells @ 18 were in fact buys. Not sure why the offer was @ 19 and they were selling at bid. Re the permit, like I said Latin America is laid back and only moves when brown envelopes are presented to the right person. The traders dealing in this know the country and will take advantage of this fact, then again judging by the volume their commission is slowly desintegrating so it's up to them how they want to turn it around or perhaps they are currently serving a HNWI to cover daily commission.

[shakeypremis] 22/9/2016 15:10

From the RNS regarding the appointment of the mining contractor it would seem the permit may well arrive mid October.

"Stage 1 - relating to civil works including construction of site access and the stockpile areas and also including removal and stockpiling of the overburden from the planned open pit. This work is expected to take approximately 30 work days to complete; and
· Stage 2 - relating to the mining and stockpiling of an initial 50,000 tonnes of ore. This work will commence immediately once the Trial Mining permit has been granted. This stage is expected to take approximately 40 work days to complete.

Eireli is currently mobilising the required equipment and personnel and is expected to commence work at the project site within the next seven working days.

Executive Chairman of Harvest, Brian McMaster, commented: "The award of the Environmental License last week allows Harvest to commence the initial civil groundworks in preparation of mining. With the appointment of Eireli, we will now begin constructing the site access, preparing the ROM pads and stripping the overburden. The completion of this is expected to coincide with the award of the Trial Mining permit, allowing us to start production around the end of October, well ahead of schedule."


From the above it sounds like while the permit is more or less a given, it won't be arriving tomorrow for instance. But then again WTFDIK!!!?!?!?

[shakeypremis] 22/9/2016 15:05

Fission453, it's ok mate.

[fission453] 22/9/2016 14:18

Toorrow is Friday, watch this go as the time is drawing very close for the permit! Could drop anytime!

[fission453] 22/9/2016 13:37

Sorry I do apolgise!

That was a copy and paste from shakeyprenis!

[charles clore] 22/9/2016 13:36

The market sees the Edwards' holding RNS as negative? The share price dips below 18p for the second time in a month. There are warrants being exercised with resultant profit taking holding down the price. But theres a sideways consolidation taking place with penant in play. The next move up when it comes should take the price into the 30s imho.

[shakeypremis] 22/9/2016 13:29

Fission453, I don't really care but that's my post from the LSE board.

[fission453] 22/9/2016 13:12

Edwards Family have not sold a single share since February. It's just the issuing of shares causing their percentage of the total number of shares to drop below 23%. Nothing to worry about although it looks like it may have spooked a few numpties.

This delayed trade popped up earlier:

22-Sep-16 08:14:38 18.55 105,687 Buy* 18.00 19.00 19.60k

Looks like someone scooping up share (probably).

[janestone] 22/9/2016 13:11

No one. Edwards haven't bought or sold but their shareholding has slipped to under 23% because of the extra shares in circulation. This is a non event.