Harvest Minerals Share Discussion Threads

[ypymytyc] 30/12/2019 10:52

Not sure about all these 'facts' set in the future, but there is evidence that suggests the sales figures and taxes provided in HMI in accounts are very different to those provided to the ANM.
All in my opinion of course.

May be Mr. H could provide some input on current events?

YP

[hungary16] 30/12/2019 10:30

It’s all promises - let’s see the reality !

[andy] 30/12/2019 10:02

harvestminerals28 Dec '19 - 22:57 - 475 of 485 0 1 0

Facts. HMI is fully funded and has no need to raise any more working capital. Ever.
HMI will post a profit based on returning customers orders alone. All future sales will serve to increase that profit.

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In order to male these "facts" with such authority must mean you are either on the board, or very closely connected to this company in some way, which is it?


And should you be posting here?

[kreature] 30/12/2019 09:45

Probably only a problem if the 72% of all sales customer defaults on the dust. What are the chances?

[harvestminerals] 30/12/2019 09:41

Fully funded isn’t by accident. It’s planned that way. As the company moves into profit and the margin grows the bank balance will go up. That balance will be managed through dividends.

[jailbird] 30/12/2019 09:30

This is a problem for them,particularly as sales do not materialize as expected.

Note: There is a timing difference between "accounting breakeven" and "cashflow breakeven", due to the accounts receivable collection cycle in the agricultural industry. It is common to sell inputs such as seed, fertiliser, chemicals etc on terms that are colloquially known as "harvest terms". That is, 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. Harvest has more than sufficient cash resources to manage this cycle without interruption.

[hungary16] 30/12/2019 09:25

Why would you go through Hong Kong - who lives in the UK ?

[kreature] 30/12/2019 09:14

Hmmm, I wish I’d thought about that before losing money. RNS out. Hope everyone’s having a splendid time at the AGM? Hopefully the travel and hotel expenses are covered? Might be best to extend stay over the NewYear celebrations To avoid any possible travel disruptions ? Stop in HK on way home? Perhaps that sounds a bit bitter and twisted?

[jailbird] 30/12/2019 09:01

Kreature,

The Co mislead..it was promising 18 months ago...

Once GEO went into administration, and took on the GEO staff..their costs went up.

And then to penetrate the existing market takes a long long time. And then your have sustain that and keep competitive

Is their product really better or superior without being more expensive?

[kreature] 30/12/2019 08:53

Posters are sounding savvy here these days. Wish I had done more research before losing money here

[hungary16] 30/12/2019 03:03

Of course the company will have to raise money simply due to the fact they won’t achieve the sales forecasts - fairly simple to work out I would have thought !

[kreature] 30/12/2019 00:11

No need to raise any more working capital, ever ? Sounds almost too good to be true

[harvestminerals] 28/12/2019 22:57

Facts. HMI is fully funded and has no need to raise any more working capital. Ever.
HMI will post a profit based on returning customers orders alone. All future sales will serve to increase that profit.

[ypymytyc] 28/12/2019 19:34

HMI are 'forecasting' nothing, they are just 'aiming'!

YP

[pol123] 28/12/2019 18:10

2020 fcasting profitability against fcast sales. All comfortable...

[ypymytyc] 27/12/2019 20:08

Much better than the ANM copy, this one's in colour.

Image 2 shows the mine extents i.e. up to ~13mt (not all MAPA grade).
Seems they've forgotten to lease the additional ROM shown on image 3 (south ROM). Lol



YP

[ypymytyc] 27/12/2019 13:31

AGM first thing Monday morning.
With 100% due consideration of the financials no doubt?

'50kt of sales'?
It's sales May18 to Dec18 that don't look quite right IMO?

YP

[kreature] 23/12/2019 14:34

Good recovery anyway

[ypymytyc] 23/12/2019 13:10

Might be worth keeping an eye on Verde later to day.

YP

[kreature] 23/12/2019 11:39

9% down. Relentless (if not desperate) seller today. I don't think those LSE posts are helping much. Surely need sales clarity here, rather than the hope of distant dividends?

[kreature] 23/12/2019 03:52

Looks like the monthly tons sold is on the web somewhere then. Where though. Do they add up to 50kt? Bye.

[ypymytyc] 22/12/2019 18:28

Last space.

I like this one, obviously not the largest monthly tonnage for 2019, otherwise they couldn't do 50kt for CY2019 could they.

October 2019 3,899t @ av.210BRL$/t

YP

[kreature] 22/12/2019 00:52

I'll probably miss out on the FML celebrations. Then again, $1m is due to the vendors when the FML arrives, so you just can't win can you ? Perhaps they will settle for a bit less given that the dollar is at record highs against the Real? Okay bye