Harvest Minerals Share Discussion Threads

[mcfly79] 23/4/2020 11:03

Agreed,

They took the opportunity to sell down from 9.84% to 3.65% in the high volume at the start of last week. Once they are out we could see a significant rise.

[andy] 23/4/2020 10:18

mcfly,


Yes Miton look to be n trouble, in the current climate not easy for them to exit positions or sell down.

[mcfly79] 23/4/2020 10:11

I've added this morning.

Solid buying all morning and the price hasn't moved much. Perhaps Miton are selling their remaining holding. If so shouldn't take long to clear.

[livewireplus] 23/4/2020 09:02

.... one could say too much fertilizer (in the posts) .... but fertilizer indeed seems to be working on the share price - onward and upward .... :-)

[andy] 23/4/2020 08:39

wow, four posts when one would have done!



"When used with other organic sources, results of using #HMI KPFértil are enhanced."


"other organic sources" hmmmm.


I think you're overegging it personally.

[burtond1] 23/4/2020 08:13

Wake up and smell the Coffee!! #HMI ?Approaching "Sales" season?NO debt?Cash=m/cap?Increased mining/storage areas ?Cost Savings Programme Implemented?Full Mining Permit Awarded?Orders up 150% to the end of Feb?Outstanding Results of Long Term Testwork with Coffee

[burtond1] 23/4/2020 07:36

So, conclusions made by Santinato in its report today: KPFértil SHOULD be used in the planting furrow to plantsKPFértil should be used in adult crops in the first year & subsequent yearsWhen used with other organic sources, results of using #HMI KPFértil are enhanced.

[burtond1] 23/4/2020 07:35

More excellent results for harvestminerals this morning....Brian McMaster, Exec Chairman of HMI stated:"...These results are outstanding and confirm the results of our earlier testwork proving that KPfértil can and should replace the use of conventional fertilisers..."

[burtond1] 23/4/2020 07:35

Great news for harvestminerals Results confirm KPfértil CAN be used to replace conventional fertilisers as source of potassium & phosphateResults in coffee are enhanced when used with coffee compost KPfértil increases value of the coffee by increasing the bean size

[hungary16] 17/4/2020 15:13

A big salary for someone living in Australia !

[cyberbub] 17/4/2020 08:44

Yes sorry I had missed that they were in AUD. Just doing a bit of low level research here, it looks interesting.

[divmad] 16/4/2020 17:10

Quite honestly, I'm gobsmacked at the size of the directors' fees, considering the MC of HMI is circa £6mn now. Is there any move proposed to cut the fees down to a more proportionate amount?

[mcfly79] 16/4/2020 16:51

The accounts are in AUD. In the year to 30 June 2019 Directors fees were AUD 720k (£365k at todays exchange rate).


There’s also a AUD 314k (£160k) charge in respect of directors’ share options.


I don’t think this is excessive.


£215k of the £365k is for McMasters. Fairly high given the current size of the company but as cyberbub says, the company was a lot larger recently.

[divmad] 16/4/2020 16:16

Not sold out completely. Still have 3.65% to go.

[cyberbub] 16/4/2020 16:09

£700k does seem a bit high I would agree. Remember though that at almost 20p a couple of years ago the market cap was more like £30M. Also the directors wage bill will have dropped with the CFO leaving (though it's not clear how much of the £700k McMaster gets - a question for the next AGM maybe?).Remember that McMaster did invest £700k in over 4M shares at 18p at that time, put his money where his mouth is, so he's £600k down which is a big incentive! Would be good if he bought another mill or two down here, but perhaps he's in a closed period before interims?More to the point, has no one noticed the Miton sellout RNS this morning??

[divmad] 16/4/2020 15:55

Isn't anyone here concerned about the level of director emoluments and management salary in the last full year, in relation to the MC of the company?

[mcfly79] 16/4/2020 00:40

Andy,


The potential increased demand is one of the reasons for the storage expansion.


The two most recent RNSs set out the position. There’s the potential for the supply of fertiliser from other providers to be disrupted, the general increased demand from farmers, and the weaker Real against USD is making fertiliser imports more expensive (plus the supply chains are currently disrupted).


There have been no reported cases of Coronavirus near to HMI’s mine, and HMI’s operations have not been impacted.


From the most recent RNS:

‘At this stage we cannot determine the effects of the CV-19 pandemic, but it is obviously a variable and we are focussed on being able to meet any upside demand as a supplier into what is a huge local market. We have often stated that there is over 4.5Mha of soybean, sugarcane, maize and coffee grown locally to us and if there is any disruption to the supply of fertiliser from other providers into that market, we need to be in a position to supply that shortfall.’


From the 31 March RNS:

‘However, we do know that Brazilian farmers are taking advantage of the weaker Reais, which has fallen by 17% this year against the US$, and that they have already pre-sold 20% of this year's soybean harvest. Naturally, this is driving an increased demand for fertilisers; forecasts suggest a 3% growth in fertilisers this year. The weaker Reais also means that imported fertiliser prices are higher and that the supply chain is currently disrupted; this may strengthen our proposition as a local producer.’

[andy] 15/4/2020 18:53

Mcfly,


"Clearly there is the possibility of upside in demand due to Coronavirus."


Why is that, out of interest?

[mcfly79] 15/4/2020 09:57

Very high volume yesterday too. The highest ever. Could be Miton selling some.

[mcfly79] 15/4/2020 09:11

I’ve been watching HMI for a long time and finally bought an initial position yesterday. The company has taken longer than expected to build sales but with the progress to date and current share price I think it offers good value.


I thought the update yesterday was very positive. Clearly there is the possibility of upside in demand due to Coronavirus.


In any case the company already reached breakeven in calendar 2019. In 2020 we have indications that orders will increase. We also have the benefit of $400k of cost savings already implemented plus additional savings to come (including the CFO and NED costs announced yesterday).


Therefore, even without further sales the company should make $0.5m operating profit.


Not insignificant, given the company is valued at less than £6m and has £5m in working capital (including £4m in cash).


The total cumulative cost of all plant and equipment to 30 June 2019 was AUD 1.3m so I don’t think the cost of the new storage facility will be too much.


If production rises to 100kt/annum then the company has said costs will fall to c.$8 per tonne. All in I think 100kt/annum would create about $2m bottom line profit.

[burtond1] 15/4/2020 06:37

"...Even in Brazil, the world's largest producer and exporter, some buyers have not been able to source as much as they want. The stock is low and we were unable to fulfil all requests..."Producers' hopes rest with Brazil's harvest, which starts in May.https://www.google.co.uk/amp/s/amp.ft.com/content/31e4568b-635a-4f80-a6d8-fb4b6556a472

[kreature] 14/4/2020 23:56

700k to 97k ? IR has been poor though, weather has been bad, etc etc - Perhaps things will improve with the expanded site? imo

[hungary16] 14/4/2020 23:33

Do you really believe that !

[burtond1] 14/4/2020 20:39

Really? Exec Chairman Brian McMaster bought £700,000 worth around 18p...think that's enough of a statement and incentive to get Shares up if ever there was one.