Harvest Minerals Share Discussion Threads

[andy] 20/12/2019 08:18

heavestminerals,


Is that a way of saying customers only pay when they sell their product?

[harvestminerals] 20/12/2019 07:47

Different orders have different payment terms based on the clients needs and the deal done at the time. Not an issue when this obviously only effects the first year and Harvest are sufficiently funded to offer some flexibility. Well done HMI.

[kreature] 19/12/2019 23:28

Just looking at these 47.5kt of 'sales' for the past 12 months. RNS says :

'During 2019, we have routinely maintained a run rate of more than 20 trucks per day from one loading bay.​'

...but that doesn't state the frequency of the routine, so there's no way of knowing the actual total. It could be 20 trucks per day, once every 6 months.

That 47.5kt is probably reported on an 'accrual basis', right ? So has any of the 47.5kt actually left the ROM. Has any of it been paid for ?

[hungary16] 19/12/2019 22:39

You will get nothing from McMaster and news will be minimal !

[kreature] 19/12/2019 16:11

Has there been any 'explanation' or reply to comments mentioned over on LSE on 'sales'? Didn't want to sell shares but.....perhaps tomorrow

[kreature] 18/12/2019 17:56

Are we due some positive news here for a change? The full mining permit perhaps? And perhaps something addressing the concerns over on LSE?

July 2019 RNS : ' At this stage, the Company expects final approval around the end of Q4 2019 '

[kreature] 15/12/2019 19:23

2nd Dec Results say 'Revenue from fertiliser sales' were $1,627,821
And later it says, 'During the year, $985,150 or 74% of the Group's 'revenue from fertiliser' sales was sourced from a single customer.'

Isn't 74% more like $1.2m, and not 985k ?

[ppvn] 13/12/2019 11:26

Under a Brazilian trial mining license, 50k tpa is the limit of material allowed to be mined.

Once the full license is received I'd personally expect them to shift more volume...

[andy] 12/12/2019 11:19

Mad,


I agree, if you can make a decent profit and put funds into the coffers, if price is an issue, reduce it until you stimulate some decent demand.


De Beers have just had to do that in the diamond industry, and the car industry may be next, it's simple economics, supply and demand.

[kreature] 10/12/2019 23:10

Any chance of a rebound up from that 3 month double 4.125 ? What are the two contracts that it's best not to refer to in the Q&A RNS below ? :

'During 2018, Harvest announced two sales contracts, which have not performed as hoped; that has created an expectation gap, which has disappointed the market. Whilst this is not satisfactory, it is also old news in the context of the Company's evolution and continuing to refer to that old news is not benefitting anyone.'

[kreature] 10/12/2019 11:19

One or two technical problems on the latest kp vid? What's that they are spraying on the soil in the background?

[hungary16] 09/12/2019 14:03

Bri would be back on the beach by now wouldn’t he !

[ypymytyc] 09/12/2019 03:58

That's not Bri, that's Mr H.

[kreature] 08/12/2019 21:00

Ok thanks Bri

[harvestminerals] 08/12/2019 18:46

Kreature, they make magical space dust which they sell to Plutonians at a massive loss. They’re probably going to raise more Martian Ikkies via a huge discounted Placing. If I were you I’d leave now and don’t look back.

[kreature] 08/12/2019 17:47

Is that the answer ?

[whl2] 08/12/2019 13:22

Blimey, you never give up do you!

[kreature] 07/12/2019 21:04

Re the RNS Notes. A 'remineraliser producer', producing a 'direct application fertiliser' ? Shouldn't that be a remineraliser producer producing a remineraliser ?

[avobull] 04/12/2019 15:01

Harvest Minerals Limited, the AIM listed remineraliser producer, is pleased to announce that in line with its commitment to maintaining positive engagement with its shareholders, it is due to host a shareholder conference call at 12pm UK time on Friday 6 December 2019.

Shareholders are invited to submit questions to the Board in advance of the call via email to [e-mail]; please submit questions by 4.30pm on Thursday 5 December 2019. The questions and responses will also be published in a Q&A document that will be uploaded to the Company's website.

To participate in the conference call, please dial 0808 109 0701, or [phone] if you are calling from outside of the UK and enter participant PIN 2643545# when prompted to do so. Please note that all lines will be muted except for those of Harvest's management

[harvestminerals] 04/12/2019 08:02

hxxps://total-market-solutions.com/2019/12/03/harvest-minerals-2/

[kreature] 03/12/2019 23:47

‘The buyer pays for the product when its crop has been harvested and sold. Many of the sales made by Harvest are on terms like this and for larger quantities it has agreed a monthly interest charge. The effect of this for Harvest is that it carries the working capital cost of the collection of these accounts receivable until it concludes the first round of a cash management cycle. Management anticipates that the first round of the cash management cycle will complete in Q2 2020. '

[kreature] 03/12/2019 23:19

'the Company announced approval from the Ministry of Agriculture ('MAPA') in Brazil to register KPfértil as a remineraliser'

So they are permitted to register it with MAPA in the future ? Or is it already registered? Why can't it just be written in English like the IBD statement? : 'KPfértil was registered as organic with the Brazilian Institute of Biodynamics '

'a one-off expense totalling A$486,257 being recorded. '

[madmonkflin] 03/12/2019 13:32

I don't think the share price would be higher at 50kt. Problem is the losses building up, lack of volume info, and price they're charging. I still cant see the point in having 400kt capacity and not selling it at $40. Why hold out for a higher price? The flipping margin is over $30 at that price. Customers were buying this before accreditation and we had the 30kt order last year. If they'll buy it at $40 then sell it, get the cash kn, make a profit, start looking at the rest of the mines we have license for. Just beggars belief to be in the slow lane. Even the broker had them selling at a lower price to start with. And who on earth did they pay recruitment costs of 100k a$ for.

[roguetreader] 03/12/2019 13:23

Cheers BT1, I think that answers my question from my previous post as to how they will break even at EOY 2019. Taking BM's comments on the podcast above it looks like he / the company are discounting non cash items to achieve a break-even at EOY? We will have to wait and see the new EOY accounts for calendar 2019 FY to get the full picture of what this means.

Although I think shareholders were over promised last year, where I still believe the target for break-even was June 2019, even as late as BM's comments in the March RNS, I still think this has the potential to be a good investment. Breaking into the fertiliser / remineraliser market can't be easy there are some big players with deep pockets to compete against or integrate with. IMO the problem to date has been over ambitious timescales to deliver sales and market penetration for a new product. If the original plan a year and half ago had been for 50Kt by EOY 2019, everyone would probably have been happy and the share price a lot higher. I suspect the pressures of capital raising in a very difficult market (for raising mining capital) have contributed to possibly unrealistic expectations being set.