Harvest Minerals Share Discussion Threads

[roguetreader] 03/12/2019 10:18

Am I missing something as it looks a big ask to me for the company to break-even before tax at the end of 2019.

Sales __________ ______________________________________50,000
Price per tonne____ ___________________________________$48
Total Revenue_________________________________________$2,400,000
Cost per tonne____________________________________________$12
Cost of Sales_______ ______________________________________$600,000
Other Costs to make Break-even before tax for New FY 2019__________$1,800,000
FX $ to AUD$____________________________________________0.695
Other Costs to make Break-even before tax for New FY 2019___ ______AUD 2,589,928
Other Costs for Interims (Jan-June 19)___________________AUD 1,980,768
Therefore
Other Costs to Breakeven Estimate (July – Dec 19) ________AUD 609,160

Looks like the company need a very big drop in H2 costs to achieve break-even to me; obviously I could be missing something big or I have seriously miscalculated the H2 numbers for Other Costs (i.e. deducted FY June cost from H1 December costs.

[andy] 03/12/2019 09:57

rogue,


OK on that basis it's fine, as long as you realise both people are promoting the company, it's not a casual conversation, that's their MO.

[roguetreader] 03/12/2019 08:20

Andy
Is the conversation a cosy plug of the company, absolutely, however it is also the first interview with McMaster for 6 months plus, where we at least get a view of where the company are going.

[pilot48] 03/12/2019 07:50

I recall McMaster saying he wouldn't raise below 5p for Jangada or he'll fund it himself. What happened next? Clue: they didn't raise at 5p...

[andy] 02/12/2019 23:50

roguetreader,


"good find"?


Or one promoter of the stock referring to someone else also promoting the stock?

[kreature] 02/12/2019 23:35

Good interview. Despite getting it all a bit wrong since 7.5p and 18p? Who bought the 50kt of dust?

[burtond1] 02/12/2019 23:21

https://soundcloud.com/doc-h-4/hmi-podcast-with-chairman-brian-mcmasterVery bullish interview here with Doc and Brian...the M&A "chat" is very interesting and Brian says no chance of selling HMI for less than 10p a share!!!

[roguetreader] 02/12/2019 22:45

Good find burtond1.

[harvestminerals] 02/12/2019 21:47

Doc is of course a holder. He believes this is a good investment and is “an obvious bag”. Whilst that kind of talk is often without foundation, I actually have to agree. Profit will see this “bag” and the maiden dividend will see it bag again from there. That’s 18p which is where we raised. That should be a solid floor but instead will no doubt prove to provide some resistance.

[burtond1] 02/12/2019 21:00

https://twitter.com/i/redirect?url=https%3A%2F%2Fwww.twitter.com%2Fdirect_messages%2Fcreate%2FDDS_DocHoliday%3Fuser_id%3D4872820455%26cn%3DbWVzc2FnZQ%253D%253D&t=1&cn=ZG1fbWVzc2FnZV9lbWFpbA%3D%3D&sig=7b5e8abbc2a9c6bc2304acd4a8355844981794cb&iid=e20f957dcc7a4256adc227b6379e1cbd&uid=4187168613&nid=296+3Doc Holiday Interview with Brian McMaster...

[pilot48] 02/12/2019 13:38

Seems management have slouched into typical lifestyle company tactics. Lots of Fluffy tweets and RNSes winking at increased demand and sales and the usual paid PR types backing them up. Results not wowing the market. Apparently McMaster is coming out of hiding to do interviews so obviously on the promote either to keep institutions off his back or prepare the ground for fundraising. Perhaps a spurious acquisition or exploration of their other moribund projects to justify it. Very disappointing considering all the potential a few years ago. So much for those massive margins when it gets eaten up by a greedy board.

[andy] 02/12/2019 12:44

Scrutable,


Agreed, except your last comment, which looks very optimistic, IMHO.


I'm going for the janitor personally! :-)

[scrutable] 02/12/2019 12:13

Completely uninspiring report:

1)Directors fees almost equal to the wages and salaries bill!!

2)No forecast or assurances about future orders - I expected a pipeline or comment on orders in hand for future delivery.

3)No reference client quoted or analysis of customer experiences and re-ordering potential. It's time for a decent presentation including client case studies of crop improvement results.

Written apparently by an accountant or the company's janitor.
Only just enough hope factor to justify holding on.

[jailbird] 02/12/2019 10:11

I did say the GEO staff was gonna be an additional cost ( reason for fund raising if you ask me)

Andy - Good spot on the fx gain!

[andy] 02/12/2019 10:08

Good job they had that £212,000 fx gain!


Some of those expenses look pretty lumpy, £99,000 for "recruitment expenses"?

Why on earth were people rushing to bid it up at the open after those results is totally beyond me........

[avobull] 02/12/2019 09:52

If HMI are currently breakeven, then the additional sales since end of the financial year equate to c1.7m (us$). So if the sales continue to increase at that rate, 2020 could be very profitable

[whl2] 02/12/2019 08:10

till next year!

[jailbird] 02/12/2019 08:08

cash is the saving grace

[jailbird] 02/12/2019 08:07

net loss for the year

$3,456,031

[jailbird] 02/12/2019 08:07

Revenue is pitsy

$1,627,821

[madmonkflin] 02/12/2019 08:00

Cash is king

[drmaccers] 02/12/2019 07:52

It's good to be buying at 4p. Not if you were buying over 20p