Harvest Minerals Share Discussion Threads

[madmonkflin] 29/11/2019 07:28

Has to be today surely

[whl2] 29/11/2019 07:21

Apologies for the sarcasm!
Another mid day results release then - remind me how the last one went!

[madmonkflin] 28/11/2019 23:12

That means the price should go up!

[whl2] 28/11/2019 18:00

They don't call it Black Friday for nothing!

[kreature] 28/11/2019 17:54

Looking forward to all those sales numbers tomorrow. Should be in orbit

[whl2] 27/11/2019 19:39

Looks like a very last minute job on Friday then, implying more bad news - does this company ever get anything right! Only positive is options expire for the gravy boys next month - Can't see this getting to 14p by then

[madmonkflin] 26/11/2019 18:30

Cant see that happening for h2.initial estimates were 100k tonnes for whole year, and they said they would be below that. So 6maud doesn't make sense.

[roguetreader] 26/11/2019 10:51

Brian McMaster (BM) - 'Harvest intends to release its full year audited financial statements and annual report for the year ended 30 June 2019 in late November 2019.'

So should be soon !!

My guess-timate about what the production numbers 'could' look like:

Based on BM's statement in the 29/03/19 RNS where his expectation is to break even at EBT for the whole FY year. My numbers today come out slightly higher than Zala's estimated H2 revenue as per his March post (5395), where for a H2 breakeven the following are my calculations and assumptions:

H2 Revenue - $6M (AUD)
Avg Exchange rate (AUD/US$ - 0.695
Avg price per tonne - $51(US)
Avg cost per tonne - $15 per tonne
Other costs H2 flat with H1 - $2.43M (AUD)

Extrapolating the above would mean that the company would need to invoice for approximately '81.5 Ktonnes' to meet the revenue requirement for break-even. I suspect my biggest assumption ‘H2 Other Costs’ is likely to be off (possibly way off) as there were a number of one-off items in H1 that won’t be repeated, but countering they will have incurred an increase in sales and marketing and salary costs to offset these, so I have left as-is.

More interesting to me as an intended long-term holder will be the view on how future orders are looking and what the long-term growth outlook are i.e. sales prospects in 2020 and beyond. Whatever, the report is going to be interesting as to what is in it and perhaps what is not.
RT

[kreature] 25/11/2019 20:05

more room for pots and plants

[ypymytyc] 25/11/2019 12:44

1.25 acres?

I measure it at 2.4 hectares (~6 acres)- mining area.

The original leased area was 23ha (2016 GUIA).

According to the Licenca Ambiental the leased area is now 35ha:

distributed as follows:
15 ha of mining area
18.65 ha of pasture area
0.95 ha of mining patio and
0.4 ha of built-up area (processing plant, storage shed, shed to embed products in bags, supply point, changing rooms, road balance, laboratory and administrative area).

YP

[hungary16] 25/11/2019 09:16

Prepare to be disappointed !

[ypymytyc] 24/11/2019 19:01

Convoys were after end of June 19, could be in next financials released Q1/2020?

YP

[kreature] 24/11/2019 17:45

Revenue could be impressive what with all the lorries full of dust rolling out in convoy when the video camera is on

[here and there] 24/11/2019 14:35

It will be interesting to see what they achieve in their first year of driving their own sales. By all their recent news, they look well set to expand sales next season

[whl2] 22/11/2019 21:35

Must be McMasters interpretation of next day ie 6 months time!

[ypymytyc] 21/11/2019 20:40

Probably not deep enough yet?

YP

[kreature] 21/11/2019 20:27

Not sure why it can't just be stored in the open-pit

[ypymytyc] 21/11/2019 20:09

Today's sat image shows all trees removed from last years Soy/Maize fields are per Licence Ambiental - new patio (ROM) area.

Shame though, quite a loss of revenue potential.
Still got the coffee crop to look forward to in 2021?

YP

[madmonkflin] 20/11/2019 14:34

Not happy it's taking so bloody long to get the results out though. Flipping ridiculous.

[ypymytyc] 19/11/2019 05:41

Extract from Licenca Ambiental:

Google translate -

'The mining is carried out by dismantling process and currently takes place during 03 months in the year, performed by a third-party company. The mined mining goes by 'cacamba' type paths to the patio, where it is stored and can meet the beneficiation plant for a year, when new mining occurs. With the expansion, this process will occur approximately 05 months / year and it will be necessary to install a new mining patio.
The mine area will also be expanded, but there is no prediction of suppression of vegetation for mining advancement in a horizon of 05 years.'

The new 'patio' (ROM) areas are shown south of the existing ROM where the Soy/Maize was planted last year and the whole of the North side of the existing ROM.

YP

[kreature] 19/11/2019 00:30

I make the open pit around 1.25 acres? I wonder how that compares with verde