Share Name Share Symbol Market Type Share ISIN Share Description
Harvest MI (DI) LSE:HMI London Ordinary Share AU000XINEAB4 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.875p +7.69% 12.25p 12.00p 12.50p 12.50p 11.375p 11.375p 866,109 16:04:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 14.31

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Date Time Title Posts
23/9/201719:26Harvest Minerals (Potash Exploration in Brazil)2,766
09/10/201621:14Harvest Minerals Limited’s (LON:HMI) Solubility key to Arapua 67

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Harvest MI (DI) Daily Update: Harvest MI (DI) is listed in the Mining sector of the London Stock Exchange with ticker HMI. The last closing price for Harvest MI (DI) was 11.38p.
Harvest MI (DI) has a 4 week average price of 9.75p and a 12 week average price of 8.50p.
The 1 year high share price is 22.75p while the 1 year low share price is currently 6.75p.
There are currently 116,838,589 shares in issue and the average daily traded volume is 615,147 shares. The market capitalisation of Harvest MI (DI) is £14,312,727.15.
goldguru2017: Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. Kestrel Gold (TSX Venture Exchange symbol KGC.V) - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Peak values of 12,400 ppb Au from soil sampling on Val Jual - Relative low market cap – CDN$4.2 million - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected before year-end Please do your own research on the Company before investing. Thank you for your time.
andy: kreature, Well the rumours of a possible income stream (!) from the portaloo lifted the share price, see posting time!
charles clore: Why would they need a placing when they are supposedly generating a healthy income from trial mining? I would hope that an update on that would cause a bounce in the share price as the current level is either ridiculously low or signifies trouble.
andy: hungary1622 Jun '17 - 15:24 - 2521 of 2523 0 0 Seems the Research notes of late 2016 forecasting a share price in excess of 30p and significant near term cashflow have been quickly forgotten ! ------- Exactly, and that sums up the danger of "research" notes! If the broker issues it, it's normally to generate trading in the stock, which benefits the broker in client fees, or, if HMI pay someone like, for example, Edison, GECR, Hardman, Whitman Howard, Align, et al to write a positive note, then it's to try and generate interest in the stock from the PI community. Once the punters are in, it goes quiet, and the slow drop commences. Unless the company delivers on ojectives the Sp will start a slow decline.
hungary16: Seems the Research notes of late 2016 forecasting a share price in excess of 30p and significant near term cashflow have been quickly forgotten !
hungary16: Unfortunately , the company has a CEO who isn't very good at communicating , hence , the complete lack of news from the company. Get rid of him and maybe there will be an improvement otherwise the share price will be under 5p in no time.
andy: kreature, Everyone avoids taking blame these days, so a scapegoat has to be found, in this case "BB posters". It's laughable really, there's only mild criticism here at best, and yet the CEO blames those posts for the falling shareprice! When the share price was being pumped and raced ahead, I notice he wasn't expressing concern about it getting ahead of itself! If it goes up, credit to HMI, if it goes down, blame BB posters, Hmmmm! You really couldn't make this up, oh sorry, he just did! I wonder if he's found his presentation email contact list yet?
whl2: Harvest Minerals Ltd’s (LON:HMI) house broker Beaufort Securities is earning its corn with a bullish update and a price target of 32p or three times current market value. The core of the valuation is the Arapua licence, where this week the Brazil-focused fertiliser group substantially upgraded its Maximus prospect. There was a 37% increase to the high grade tonnage to 1.2mt within a 1380% overall rise. Beaufort adds that from here the share price performance should follow "field trial progress at Arapua, new customer wins, testwork results, stonemeal certification and first sales". “Test work thus far and the views of Harvest’s agronomist give us confidence that the KPFértil product will be saleable at or around US$60/t,” said the broker, which has a buy rating.” Beaufort sees the mine developing in two stages to a 500,000 tonne annually operation, capex of US$1.0m, total mine operating costs of $7/t and a conservative long-term sales price of $55/t. For a mine life to 2028 that gives a net present value [future cash flows] estimate of US$68mln, to which the broker has applied a 40% risk factor discount. The broker also notes that Harvest based its latest resource estimate on only 6.7% of the area identified through mapping as Kamafugite and only from the upper weathered zone. Extrapolating from the last upgrade would push the mine life out to 40 years. Beaufort attributed US$12.5mln for the smaller potash project and added that worries over the cash position are overdone. Beaufort expects Harvest to have cash of around A$0.7mln at the end of this year before income from any sales of its KPfertil direct application fertiliser product. That compares with A$1.5mln at the end of December a sum that has since been bolstered by an A$1.57mln warrant issue. Shares rose 17% today to 13.2p.
janestone: You're all close.... but not quite right. There are £1.2m of warrants outstanding at 8.8p, and they'll be taken at some point (but it will be positive as it will add £1.2m to hmi's coffers). And so TW wasn't far off. I think that what happened was that when the share price was over 10p Beaufort phoned some of the warrant holders and asked them if they wanted to sell their holdings and maybe some indicated that they did and so someone went short, anticipating that the share price would fall. And then the warrant holders possibly read the news and thought that they'd hold on (or maybe the BOD phoned them to advise them to hold) hence a short squeeze (and I really hope that tanvier malik went short... but that's another story!!) But even if the warrant holders took up their options tomorrow, it shouldn't affect the share price as they're not obliged to sell them into the market and they could take the new shares and hold on for £1 (and they'd be silly not to). Call it a placing, it will happen, but it will be a blink and you'll miss it event, and if it does reduce the share price in any way then I'll be along to buy more. Expect shares to be released at 8.8p, but don't expect it to make a difference to the share price and don't expect the warrant holders to sell them cheap.
h2owater: in Harvest Minerals soar as first fertiliser production nearsShare 10:21 18 Aug 2016Harvest is now within a few months of trial mining at ArapuaShares in Harvest Minerals soar as first fertiliser production nearsBrazil is crying out for more locally-produced fertiliserShares in Harvest Minerals Limited (LON:HMI) have shot up to new all-time highs in London in recent days, following the release of a scoping study that examined the economic potential of developing the Arapua fertiliser project in Minas Gerais, Brazil.The shares bounced from trades at around the 4.75p level at the end of July to a high of 11.62p in morning trade of 17 August.That puts them at more than three times the 12-month low of 3.625p hit in February and more than 20% above the price the shares first traded at when they listed on Aim in September of last year.All told, a very good performance."The project's where we wanted it to be," says Brian McMaster, the company's chief executive. "We banked the cheque in January and here we are seven months later with a clear line of sight to getting ore on the ROM pad."The cheque in question refers to the US$3.6 mln fundraising that Harvest undertook in November of last year with a view to bring Arapua into production with a minimum of further fuss.There are still some hurdles to be cleared, but none that McMaster thinks are insurmountable."We're finalising the process for our permitting," he says. "It's not a complicated process and the government has just gazetted a plan to make fertiliser projects a priority. We've got to retain a contractor and we've got a quote on the desk already."What it adds up to is that first production from trial mining is likely to take place before the rains set in this November."We'll do 100,000 tonnes in the first run under the terms of our trial mining license," says McMaster. "And we'll sell it all. Then we'll go back and apply for a full mining license and we will roll out the rest of the property."But just how much will Harvest be able to sell the product for? This is a moot point, as the product mix is somewhat unique in terms of the relative amounts of potassium, phosphate and calcium contained, but there's no doubt a market is there.There's only one major producing fertiliser project in the whole country, and Brazil is forced to import around 90% of its overall requirements. So McMaster is confident that Harvest will be able to sell product almost at the mine gate, and certainly into a market right on the company's doorstep."A realistic scenario is that we'll sell at between US$50 and US$60 per tonne," he says. "That would be a price set in essence by benchmarking the existing market."At this point, it's worth noting that the scoping study reckoned mining costs would come in at around US$7.60 per tonne, and employed extremely assumptions in regard to possible price: between US$15 and US$120 per tonne."At US$15 it still makes margin," says McMaster. But he remains confident that the price Harvest will get will be much higher, and also hints that costs could go even lower.It's in that context that the market has suddenly woken up to the potential of Arapua and boosted the share price accordingly.Assuming that Harvest buys in all the necessary equipment to get mining, Arapua could be put into production for around US$800,000, although McMaster mentions an alternative contract mining scenario that could bring capex down to US$350,000.That's more than covered by last year's funding and means, as McMaster says, that there is indeed "a clear line of sight to production."After that a dividend is likely to come pretty sharpish, and that in turn should generate further support for the share price.Share Alastair_55b0a5ec88c28.jpgAlastair Ford
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