Harvest Minerals Share Discussion Threads

[harvestminerals] 11/6/2018 22:50

The difficulty the company is facing is satisfying all the orders and sale requests in the timeframes given. With a production line still ramping up the company are accepting sales from customers who will require repeat orders on a regular basis. At the present turnover we already have 5 months worth of production potentially every year for the foreseeable future. But why turn away customers to your competitors when you can invest 3 million in upscaling production now. The immediate effect is the ability to accept a further 6 million profit from sales. The counter argument is to build the company slowly without dilution but Harvest has hit the ground running in a massive market. The company who reacts fastest will secure the biggest slice of the pie. As for the additional capital raised - it provides copper bottomed triple masted proof that there will be no additional fund raise required. Investors can follow BM, safe in the knowledge that the product is in demand and the business model is solid.

[ypymytyc] 11/6/2018 22:43

State of.........

[jonnynixon] 11/6/2018 21:09

https://www.google.com/amp/s/www.theglobeandmail.com/amp/business/industry-news/energy-and-resources/article-brazilian-shuffle-canpotex-opens-sao-paulo-office-as-vale-exits/

[ypymytyc] 11/6/2018 20:33

Does anyone know any companies in São Paulo (that's a clue) producing organic fertiliser?
Hmmm.....
YP

[whl2] 11/6/2018 20:15

harvestminerals

31 May '18 - 21:18 - 4717 of 4755

I’ve a hunch that a big sale will be announced next week. Close your short Kreature... fair warning. Bwtfdik

Not too far off the mark Harvest - well done! Hope you got in on the placing, wished I had been given the opportunity. Still, very happy with today's activity. Onwards and upwards.

[kreature] 11/6/2018 18:29

So does anyone know who the lucky owner of 50,000 tons of dust is yet ?

When does Karma Chameleon get her $1m ? Surely she would want that on seeing such a commercial 'sale' ?

[brooko19] 11/6/2018 17:51

Says a lot about where this company is going if you ask me....

1) how many £27m Mcap companies can pull off £9m placings?!?
2) at such little discount
2) how may of those can do that and the share price hardly moves?!
3) placing is completed early
4) placing is oversubscribed
5) CEO buys £770k if placing shares
......
WOW

[kreature] 11/6/2018 16:25

Have you heard of forward selling ?

[amunro] 11/6/2018 16:19

Seems odd that on the same day an RNS for new sales plus an RNS for the placing and then its all placed?

[john henry] 11/6/2018 15:21

Suggest all you like, your comments count for nothing.

[kreature] 11/6/2018 15:18

May I suggest a ratio of 99 to 1, traditional fertiliser to kpfertil

[john henry] 11/6/2018 15:12

The Customer intends to blend KPfértil with its own product to form a NEW FERTILISER AND REMINERALISER PRODUCT for use on sugarcane.

[john henry] 11/6/2018 14:47

The Customer intends to blend KPfértil with its own product to form a new fertiliser and remineraliser product for use on sugarcane. The Customer is not a direct competitor of Harvest, operating in a different region.

[kreature] 11/6/2018 14:12

I'm actually a bit scared now. A 50kt order with who ? a producer ? why would a producer of fertiliser need something less than fertiliser ? Why not reveal the name of the potential buyer

[chipperfrd] 11/6/2018 11:48

I was estimating c. 320kt of sales over the next FY. So this 50kt order is nearly 16% of those sales already booked and we are still in FY18.

Placing would appear to add c. 48m new shares making a total of c. 177m. But this gives them plenty of working capital to push towards their 450kt pa of production output.

No sales price given for new order but presumably reasonably close to the US$53/t already secured recently. So c. US$2.65m of sales to start FY19.

My guesstimate for FY19 EPS (if 320kt of sales are made) is c. US$0.053 (4p), rising to c. US$0.075 (5.6p) if they reach 450kt of sales. These numbers include CoS, G&A(e), Royalties, Sustaining Capex and Tax.

All looks good :-)
Chip

[highly geared] 11/6/2018 10:35

One third dilution at least than 10% discount to prevailing market price + CEO buys over £750k as part of the placing. Suggests to me a very bright future with material sales orders in the pipeline.Insti’;s are going to want more than a quick 5% ‘flip’+ no one will stump up £9;million without some evidence of the sales pipeline.

[ypymytyc] 11/6/2018 10:15

RNS doesn't seem to have sunk in yet?
It will!
YP

[kreature] 10/6/2018 19:31

looks like a new shed roof or base

[kreature] 09/6/2018 19:00

Chip...that is what it is; 'rockdust' ('po de rocha' in Portuguese). Dust of weathered igneous rock. That's just factual. If MAPA certify it as a soil remineraliser (or stone meal) then it will be that too, and that's not the same as fertiliser...Perhaps health & safety should put up some signs about the 'ring of fire'? IMO - ATB

[whl2] 09/6/2018 14:37

Good post chipperfrd, echoes what others are thinking - thanks.

[chipperfrd] 09/6/2018 14:20

Amaretto,

Agreed, this board is useless, so far!

I imagine that most holders who visit this board cannot be bothered to counter the nonsensical tripe being posted by a small minority, that has certainly been my position.

Unfortunately, ADVFN is infested with such extremes, both long and short. In the case of this board it has tended to be just the latter. Frankly, they should be ashamed of themselves!

Typical has been the dreary, repetitious use of the supposedly derogatory term 'rock dust'. Perhaps they would also apply that to gold ore, or silver, platinum, et al. Obviously it is a childish and stupid term as everything in human life (at the core) relies on 'stuff' being either grown or dug up out of the ground. I am actually rather pleased to have found a stock that plays to both of those attributes!

As for the interminable comments regarding 'remineraliser' v 'fertiliser', who gives a stuff! Clearly what matters is whether the product improves crop yield and therefore whether sales growth will accrue over time. There are no guarantees of course, these are early days, but the answer should be clear within the next 12 months as to whether the stock will be a significant winner or not.

I am certainly bolstered in my view by the clear evidence demonstrated by farmers around the 'ring of fire' who risk their lives and livelihoods by farming right up to active volcanos. They are there because of the enrichment generated by volcanic activity and the consequential increased yields and profitability afforded by the risks they have taken.

I daresay that I will go quiet again on this board until we get further news from the company (particularly FY financials), but I hope I have conveyed the message that there is at least one holder of the stock visiting from time to time.

All the best,
Chip