Harvest Minerals Share Discussion Threads

[charles clore] 01/11/2016 14:05

There's not many more of these zig-zaggy flaggy things before it breaks out. If it breaks upwards the price could go to 35p in the blink of an eye imho!

[chester] 01/11/2016 14:03

MOS read across to HMI

[2:00]
Mosaic 3Q Adj. EPS, Net Sales Top Estimates
By Janet Freund
(Bloomberg) -- Mosaic 3Q adj. EPS 41c with 8c tax item benefit, est. 10c.
3Q net sales $1.95b vs est. $1.91b ($1.76b-$2.04b)
3Q operating earnings $70m vs $246m y/y, due to lower potash prices, lower phosphate margins partially offset by higher sales volumes, positive impacts of cost savings initiatives
Potash, phosphate prices strengthened in 3Q as pent-up demand materialized; sees “more stable operating environment in 2017”
3Q phosphates volumes 2.5m tonnes, saw 2.4m-2.7m tonnes Aug. 2; avg DAP selling price $326/tonne vs forecast $310-$340
3Q potash sales volume 2.2m tonnes, saw 1.8-2.1m tonnes; avg MOP selling price $160, saw $160-$175
3Q International Distribution segment volume 2.2m tonnes, saw 2.1m-2.4m; gross margin $32.tonne, saw $15-$20/tonne
Sees 4Q phosphates sales volume 2.1-2.4m tonnes, potash sales volumes 1.9-2.1m tonnes
Still sees 2016 capex $750m-$850m
Sees year SG&A cost $315m-$330m, initial view $350m-$370m
Sees year effective tax rate around zero percent vs initial forecast ~10%
See PREVIEW FERTILIZERS 3Q: Agrium, Mosaic Reports Amid Potash Vote

[soulsauce] 01/11/2016 13:54

Rising nicely ;-)

[soulsauce] 01/11/2016 09:59

And remember it is approx. 30 business days. We don't know how the weather has been or what other hurdles may have arisen. Hopefully the paperwork will be sorted as expected and we can get some product away before the rains make it more difficult.

[nofool] 01/11/2016 09:52

There are trolls everywhere Charles, no need to comment.

Good point about the number of days though. Just need to stay patient then!

The rising wedge on the chart looks explosive..
(one way or the other)

[soulsauce] 01/11/2016 09:51

Lol CC yes it's only on certain BB's, sad isn't it.

[charles clore] 01/11/2016 09:44

AHa - well spotted Soul. It's BUSINESS DAYS not ordinary days! 30 business days is 6 weeks, plus any public holidays etc. So it's probably this week or next we should get something. By the way, I see your little markdown follower hasn't found you on here yet!

[soulsauce] 01/11/2016 09:31

The last project update on 28th Sept said approx 30 'business days' so I make that probably late this week or early next week for some news.

[blowitall] 01/11/2016 09:29

I give them a weeks grace.

[nofool] 01/11/2016 09:24

Who said "news in October" anyway?

[shakeypremis] 01/11/2016 08:18

Come on HMI, where's the news!

[blowitall] 31/10/2016 12:14

yes, but only a relative handful

[mr roper] 31/10/2016 10:27

Miton reducing

[andy] 29/10/2016 19:40

Comprende?
janestone25 Oct '16 - 11:48 - 1102 of 1117

And so one might get a blip movement with the US election result, but I doubt it will affect fertilizers.

-------
O'Neill in his trading book makes a valid comment, "when they raid the house they normally get everyone".

I doubt any stock will be immune to a market correction personally.

It's about waiting for the bottom and then buying quality.

[ieh fan] 29/10/2016 10:38

BIG week in store. US election won't affect us even slightly.
Roll on Monday 8am.

[whl2] 28/10/2016 22:19

hope that 300k trade was a delayed buy from yesterday!

[charles clore] 27/10/2016 12:09

shakey - As long as the story doesn't change for the worse downward volatility is fine by me as it helps me buy more for less.

Imho, we are only range bound at the moment because of converted warrants being sold for profit. Who would waste such an opportunity?

[shakeypremis] 27/10/2016 12:00

Hopefully HMI won't make us wait. That could provide for some very unwelcome downward volatility.

[soulsauce] 27/10/2016 11:50

I reckon so shakey or still just range bound, but news is due very soon.

[shakeypremis] 27/10/2016 11:48

HMI seemingly on the up today. Anticipation of news tomorrow or Monday presumably.

[soulsauce] 27/10/2016 11:45

I think it shouldn't be on here.

[brutus8] 27/10/2016 11:42

Shakey. I think it's from Mars.

[shakeypremis] 27/10/2016 11:25

Brutus, we all need to be MUCH more skeptical. I think that video you posted is actually from Russia.

[brutus8] 27/10/2016 10:55

How Clinton plans on winning election.Please let's make this go viral https://youtu.be/8YsRU0TFQTYFRAUD on camera