Harvest Minerals Share Discussion Threads

[jailbird] 07/7/2020 05:13

Another Co I am invested in is based in Brazil. A nickel miner, but production is 3 years away. But found this part info interesting that the mining land will also produce kieserite , a fertiliser widely used in Brazil

In July 2019, Co commissioned a report on the market for kieserite in Brazil from Dr Fabio Vale (Director Técnico/Technical Manager) of Adubai Consultoria Agronômica (Adubai). The report is summarised in Section 19.3. The report concludes that:
• The fertiliser market in Brazil is large. In 2018, 35.6 Mt of fertiliser was sold, of this 77.5% was imported and 22.5% was manufactured locally.

The most likely consumers of the kieserite produced at the Project are the palm oil growers in Pará state, as palm oil trees have a very high demand for both magnesium and sulphur, although it has been demonstrated that coffee and cotton would also benefit from kieserite. The location plant in the centre of the Pará state gives its distribution a competitive advantage over the imported product. The Project will produce approximately 150,000 t of kieserite a year, which is 10 times the current market for imported kieserite.
This means there would be oversupply which would indicate a price reduction, and substitution of other agro-products would be required for all Project kieserite to be consumed. This indicates that it would be unlikely for current prices (approximately US$380/t FOB Barcarena) to be realised.
But still brings in additional revenues but will bring the cost dowm of the fertiliser for farmers.

[avobull] 02/7/2020 09:33

AIM Listed Companies

London Stock Exchange has followed this extension with a special Inside AIM extending the period by which AIM listed companies must publish their annual accounts from 6 months to 9 months. Companies with financial year ends from 30 September 2019 to 30 June 2020 may take advantage of the extended period by having their nominated adviser apply to AIM Regulation prior to the normal 6 month publication deadline.

[whl2] 02/7/2020 09:18

Seems we're just ignoring AIM rules now, rule 19 below.

Annual accounts
19. An AIM company must publish annual audited accounts which must be sent to its
shareholders without delay and in any event not later than six months after the end of the financial year to which they relate.

[andy] 02/7/2020 09:05

Nice 15% spread, what's not to like?

[jailbird] 02/7/2020 07:59

Morning guys , thought I pop in ?You still invested in this jam tomorrow ?Just caught up .. shocking story . It was as this Co needed an excuse not to report to its shareholders what it has been doing and how little sales have been made

[whl2] 01/7/2020 14:22

Is the company not required to issue a statement now that it has exceeded the reporting date ?

[hungary16] 30/6/2020 11:21

Time to put the company and its shareholders out of their misery !

[kreature] 30/6/2020 09:04

Are you joking? Some sort of social distancing with paperwork ? Anyway looks like a major flawed concept to me. One dust fits all? Unlikely imo

[whl2] 30/6/2020 07:55

Finally received a reply from the company. Looks like no results today as trading update to be issued in first half of July. Can't see the market reacting well to this so may see 2.5 p. Oh well........ more waiting.

[madmonkflin] 30/6/2020 07:34

No we spent $1m on license fees

[hungary16] 29/6/2020 07:30

Is the market cap now below cash ?

[kreature] 28/6/2020 16:46

Oh ok, thanks for the info.

[whl2] 28/6/2020 09:48

You're referring to the earlier RNS regarding year change, kreature. The March 31 RNS did say the results would be delayed due to covid 19 and that the figures would be released "late Q2", so technically they do have till end of Tuesday. Knowing them, it will be Tuesday - then again they were two days overdue last time!. I live in hope!

[kreature] 28/6/2020 08:39

‘ Next Steps
Harvest intends to release its full year audited financial statements and annual report for the year ended 30 June 2019 in late November 2019. The Company then intends to release audited financial statements for the year ended 31 December 2019 by the end of Q1 2020.

From then on, the Company's financial reporting period will coincide with the calendar year: the Company's unaudited interim results for the 6 months ended 30 June 2020 will be published by 30 September 2020, and the Company's audited annual results for the 12 months ended 31 December 2020 will be published by 30 June 2021.’

[kreature] 26/6/2020 13:43

Surely better to put the results out this evening when no-one at all will notice ?

[whl2] 26/6/2020 09:27

Well, guess it's Tuesday for results then, as I predicted earlier this month. They really are terrible at investor relations.

[kreature] 24/6/2020 04:48

It’s a bit fked from the get go imv. Square pegs no fit round holes. If the soil is lacking something, you need to provide it with precisely what it is lacking, and not the first pile of dust on a hilltop. Don’t be so gullible

[whl2] 22/6/2020 23:53

Six trading days left in June. As harvest said above,results cannot just be published without being scrutinised and filed. This obviously takes time.

Can't imagine, however,why it has taken an extra three months to audit a company's books with a mammoth turnover of less than £4 million last year. I could understand if it was a huge company like BP or Marks and Spencers - have they just sent a company clerk over to do the job ?

I can only imagine (hope) that the delay is due to creditors finally paying us to sweeten the figures. Regardless, the figures are old news. What really counts now is this year and hence the trading statement released with the results. The company desperately needs to produce figures showing it will at least double sales this year, matching its rival Verde amongst others. There can be no more excuses - we've heard them all. The only plus point I can see right now is the expansion going on on-site.

[hungary16] 22/6/2020 23:35

Is there £6m left in the kitty ? Let’s liquidate the company and distribute the cash - better than watching it go down the drain !

[kreature] 18/6/2020 22:29

You adopt the fertiliser that fits the deficiencies of the soil.

[hungary16] 17/6/2020 16:47

At the end of the day , there is only one thing that matters and that’s the market ! The market says the company is worth a poultry £6m ! End of story for now !

[harvestminerals] 17/6/2020 12:37

The price is highly competitive and is targeted to make the adoption of KP Fertil essentially a no brainer. As an organic DANF it has huge benefits but when composted it becomes a one stop shop and represents a huge cost saving to the farmer.
Results cannot just be published without being scrutinised and filed. This obviously takes time, especially now.
The accompanying statement will demonstrate excellent progress in year on year sales. Profit will be assured and at a price point which is beneficial to all. IMHO.

[whl2] 17/6/2020 11:55

Looks like they're leaving it really late again with the results. Now less than 10 trading days till end of June - how can they expect the market to re-rate them when they provide so little information ?

[whl2] 15/6/2020 13:31

The frustrating thing is they are making good progress on site right now. The extra storage section looks to be going well, it's just the complete lack of information that really bugs me. Really infuriating when you have to go to twitter to see the progress of your company - so much for the new era of better dialogue with shareholders. No wonder the price is on the floor