Harvest Minerals Share Discussion Threads

[vlad the impaler] 05/7/2022 20:21

That's the sort of thing most miss. I was nearly going to buy some until I saw that YP

[kreature] 05/7/2022 20:19

Wow…..shocking post, and incredibly well spotted yp.

[ypymytyc] 05/7/2022 19:38

Beware!!! Losses - increased! Cash in Bank - reduced! Yes, debtors (trade and other receivables) have increased? the risk with that one is that Harvest are reporting far in advance of delivery i.e. invoiced but not passed through the gate. Invoiced means Harvest as 'first user' pays the CFEM, not the farmer. No need for Harvest to pay NSR until the dust goes through the gate. Have a look at the disparity between NSR and Royalty in the accounts - both these taxes are 2%. Simply put, revenue counted last year, tonnage counted this year? YP

[vlad the impaler] 05/7/2022 14:45

Agree. Needs 100% clarifying

[kreature] 05/7/2022 14:40

I have to say that I think the investor meet tomorrow is a potential mega disaster for share holder values if they don't clearly clarify the situation with the shares in issue and the loan facility.....and why it looks such a mess

[vlad the impaler] 05/7/2022 14:31

Will it be RNS style or "post RNS proactive interview " style ?

[tightfist] 05/7/2022 14:28

FYI, The HMI Investor Meet Company presentation is now at 9am tomorrow morning, Wednesday, 6th July

[kreature] 05/7/2022 13:41

I just don't know what I am potentially investing in here... How many shares are in issue? I dunno. Is the debt facility for R$1m or R$3m or some other number ? I dunno.

[ypymytyc] 05/7/2022 13:25

In Sept 2021 the difference would have been US$375,000 though slightly less at todays rates. In that RNS they also wrote: 'Energy cost savings of circa 8% will more than offset the debt service commitment over the debt term.' Can't see that being the case now? Regarding a re-issue, surely the Nomad would have requested some form of confirmation of the RNS details? YP

[kreature] 05/7/2022 13:07

I know we're only talking about a difference US$300,000 US dollars, but is it R$1m or a $3m debt facility ? Can the RNSs and the accounts be re-issued ?

[vlad the impaler] 05/7/2022 10:27

Current market is scary evidence even if only speculation

[ypymytyc] 05/7/2022 10:26

There isn't any evidence available for that. YP

[john4242] 05/7/2022 10:11

No sign of $R3000000 cost of solar plant. Where is your evidence ?

[ypymytyc] 05/7/2022 09:13

Looking at the RNS 28th September 2021 it clearly states the R$1,000,000 debt facility HAS been signed and assuming the R$3,000,000 statement in the latest accounts is correct, you do have to wonder if the Harvest MD really is in control of this company? YP

[scrutable] 05/7/2022 08:47

Please ask relevant questions on Company meets Investors for tomorrow's presentation date changed to Wednesday July 6th

[ypymytyc] 05/7/2022 08:47

The capacity of the plant is 325ktpa, that is the figure given on the environmental licence. The 200ktpa is the figure given by Harvest as the possible target for this calendar year. Harvest has taken a loan of R$3,000,000 to help reach that 200ktpa. That would indicate the plant could never achieve it capacity unless they spend that sort of money on it. So it follows, how much extra would they need to spend on a plant with a capacity of 325ktpa to get it from 200ktpa to 325ktpa? The point is why would they need to spend money to raise the capacity to is given capacity? Remember, we are talking CAPEX.

[meanreverter] 05/7/2022 08:30

YP: “increase the production capacity from 325ktpa up to 200ktpa” That can't be right. The simplest account of this error is that the compared figures were inverted. If so, the increase in capacity is 62.5%. Currently, the exchange rate is 15.5 BRL to 1 GBP. So R$3m is less than £200k. For a £20m-market-cap company to increase its production by 60% at a capital cost of under £1m looks like a good deal to me. The H1 sales for 2022, in an environment of rapid growth, is already 117 kt; so a capacity-constrained production figure of 200 kt for the year is plausible. An increase to 325 ktpa, with a relatively small increase in corporate overhead costs, appears to be a realistic and attractive goal for the company.

[ypymytyc] 05/7/2022 07:57

Keep an eye on Jamgamba today, should move? YP

[kreature] 05/7/2022 07:12

https://m.youtube.com/watch?v=2jRoMwTphqM

[ypymytyc] 05/7/2022 05:40

Makes you wonder how much the R$3,000,000 loan to increase the production capacity from 325ktpa up to 200ktpa will be when it appears in the interims? R$9,000,000 perhaps, or would they need to RNS the R$3,000,000 loan first? YP

[kreature] 05/7/2022 01:15

So was it R$3m or R$1m ? Or both ?

[kreature] 05/7/2022 00:58

The debt is secured against the solar power facility ? The portable solar power facility, in Brasil ? Has the bank fully thought this through ?

[organstop] 04/7/2022 22:33

Why the silence on this thread? The other ones are rubbish.