Harvest Minerals Share Discussion Threads

[kreature] 08/3/2018 08:13

Morning Brook. I opened Short positions at around 20p mainly because I see no demand at all for rockdust never mind this particular variety of rockdust. Also I don't see what use a distributor is without paying customers to buy from the distributor. Funding needs to be clarified IMO - ATB

[brooko19] 08/3/2018 08:06

Oh dear Kreature looks like your wrong again... that £92k trade is likely to have been a buy hence the gap up this morning...

[brooko19] 08/3/2018 00:01

If that was a sell there must be an even bigger buy in the background for the mms to pay above the bid for a £92k trade!!

Keep posting Kreature every time you post makes this look an even better buy! Cheers!

[kreature] 07/3/2018 23:15

Looks like a chunky £92k sell at the end there. Goes well with the thuggish comments on here today. Well done.

[parisv] 07/3/2018 21:57

"There may be additional sales ahead of certification but it is anticipated that the bulk of our robust potential order book, currently standing at over 20 independent farmers and corporations, will cross the line quickly after certification."

So today's rns was just a bonus sale that nets around $1.9m profit. I'm looking forward to MAPA and then the bulk of the robust oder booking being filled.

[armflick] 07/3/2018 21:41

Comical!

It’s hardly worth the effort typing! But it’s too funny how the trolls hate being trolled!

Harvest in the meantime goes from strengthening to strength!

Great stuff!

Keep it up losers!

[kreature] 07/3/2018 21:16

podcast: "we've already ordered and sort of paid for the expansion "

"sort of paid for" ? and commissioned early Q2. So is that when the next placing is?

[andy] 07/3/2018 21:01

yp,

Thanks for the information.

So they can only rollover trial mining licences in that area, which makes sense now.

[andy] 07/3/2018 21:01

!
rogerny7 Mar '18 - 18:42 - 4087 of 4093 0 4 0

''The main part, they have an agreement to sell 50 KT of $60 per ton looks fine to me, it looks like a sale to a distributor for a fixed price.''

They have no such agreement!

If you're to bash this at least read the RNS properly!

-----

Why the aggression?


You're so anxious to start a fight you missed the fact that my post was positive!


Ok so I made a typo, but I was clearly agreeing with the posters that were positive about the news, because I think it's at least a step in the right direction after a lack of substantive news.


Sadly lost on you though, maybe you should read a bit slower next time before letting rip and making yourself look foolish?

[whl2] 07/3/2018 20:51

thanks yp, some great posts today - good to see long term holders rewarded. No way am I selling any of my 290k.

[brooko19] 07/3/2018 19:48

Cfro what part of this isn’t sufficent info?!

Harvest Minerals Limited (AIM:HMI) is pleased to provide an update on the future permitting at its 100% owned Arapuá Fertilizer Project ("the Project") in Minas Gerais State, Brazil.

Highlights

· Trial Mining Permit extended, allowing Harvest to continue mining on a rolling 50kt basis;

· Full Mining Licence application to be submitted in April 2017;

Trial Mining Permit and Mining Concession

As previously announced on 22 December 2016, Harvest was granted a trial mining permit (Guia de Utilização) which remains in place until 28 April 2017.

Following consultation with the Departamento Nacional de Produçã;o Mineral ("DNPM"), and given the positive developments and results at the Project to date, including the increased Mineral Resource estimate as announced on 27 February 2017, Harvest has elected to submit an application for a Full Mining Licence ("FML"). This application will be lodged during April 2017.

Having already applied to extend the Trial Mining Permit, Harvest can automatically continue operating under the Trial Mining Permit without interruption until a decision on the FML is reached.

As part of the FML application process, Harvest will submit a Final Exploration Report to the DNPM detailing all of the geological, metallurgical and agronomic work Harvest has completed at the Project to date. Once this is approved, Harvest has a further one year to submit a feasibility study and the respective application to the DNPM.

Approval of the FML is likely to take between 1-2 years depending on when Harvest decides to submit the feasibility study. As noted above, Harvest can continue to operate without interruption during this period. Harvest remains fully funded to complete the work associated with the FML application.

[saucepan] 07/3/2018 19:31

Thanks for your input today, cfro!

Although I am a "bull" with regard to HMI, it is most welcome to have some SENSIBLE contrarian discussion here, as opposed to mischief making - which has tended to be the norm on this thread.

[rogerny] 07/3/2018 18:42

''The main part, they have an agreement to sell 50 KT of $60 per ton looks fine to me, it looks like a sale to a distributor for a fixed price.''

They have no such agreement!

If you're to bash this at least read the RNS properly!

Contract is for an initial supply of 36Kt of KPfértil

· Supply will come from existing stock already produced at Arapua where annual capacity is being expanded to 320,000 tonnes

· The sales price of KPfértil agreed between the two parties is BRL200/t (c.US$60/t)

· Delivery will commence in early May 2018

Couldnt be any clearer ANDY,

36kt to be delivered starting may at $60 per ton

[rogerny] 07/3/2018 18:38

''You are saying that once 50kt is produced over say for instance 2 months that another trial license can then be applied for. Is it really as simple as that though. If that was the case then you would not need a full license.''

See below,

''Harvest was granted a trial mining permit (Guia de Utilização) which remains in place until 28 April 2017.''



''Having already applied to extend the Trial Mining Permit, Harvest can automatically continue operating under the Trial Mining Permit without interruption until a decision on the FML is reached.''

''For the avoidance of doubt, whilst this process is ongoing, production from Arapua can continue pursuant to the trial mining license unabated.''

Stated multiple times in both rns and podcasts we can keep producing, as much as possible, equates to 450k ton per year a full capacity!

[andy] 07/3/2018 18:29

cfro,

I agree, like many RNS for AIM companies, this one leaves questions to be answered.


The main part, they have an agreement to sell 50 KT of $60 per ton looks fine to me, it looks like a sale to a distributor for a fixed price.


No term for the contract though, nor an explanation as to what happens if MAPA delayed...

[andy] 07/3/2018 18:26

chip,

If people can just keep rolling 50K trial licences, why would anyone ever move to a full mining licence?

That bit doesn't make sense to me, do you really think it works like that?