Harvest Minerals Share Discussion Threads

[madmonkflin] 08/2/2021 09:04

150k should be achievable this year, in which case youd get back twice your investment in profit

[roguetreader] 05/2/2021 08:20

HM interesting growth projections are they from the company or your own extrapolation?

[jailbird] 05/2/2021 04:40

Take those rose tinted glasses you have been wearing for the last few years

they may as well be producing jam

[harvestminerals] 04/2/2021 21:51

Growth is expected to be around 60% year on year which is a pessimistic and easily achievable target.
(50) 80, 130, 200. At 200ktpa (in three years time) the company will be turning over a gross profit of (exchange rate dependant) 6,000,000 USD per annum.
At that point I see no reason why the first dividends wouldn’t be being paid. What else do Harvest need money for once they’ve covered expenses? Give 6M USD a p:e of 10. That’s why I’m invested.

[jailbird] 04/2/2021 20:11

harvest..LMAO...

You clearly work for the Co.

Secure more funds to pay for wages you mean.
"In order to meet requirements"..there is no growth to warrant such spend, like the storage capacity.
dividends..again LOL!!!...so having to secure further funds, you think a dividend may happen...what in 3-4 years time

lets have a bet on that...

[harvestminerals] 04/2/2021 08:50

Harvest is debt free and is profit making so has no intent to raise further capital at this point. As we move further into profit and once sufficient contingency funds are secured, further funds may be used to improve infrastructure namely the access roads in order to meet requirements.
Once completed, with continued sales growth, there is a strong case for the issue of dividends.

[whl2] 03/2/2021 21:22

A man of few words Madmonkflin :)

[madmonkflin] 03/2/2021 20:52

profit before tax. the accounts have to be audited. audited under ifrs, they have minimum back office. planting trees costs sweet fa. all of them.

[kreature] 03/2/2021 18:19

‘ , accordingly, having sold 54,000 tonnes represents Harvest achieving its maiden profit on a cash accounting basis. “

Err what? Gross profit? net profit? Or just some cash in the till?

‘However, due to IFRS accounting rules, this profit won't be recorded in the audited financial statements until this financial year is completed.’

Huh? Which rules, IFRS15 ‘revenue recognition’?

‘ Planted 18,000 native trees during 2020’
‘ commitment to plant 18,000 native trees during 2020’

Great, how much did all that cost?

‘ Over the course of 2020, Harvest continuously received positive agronomic results proving the effectiveness of KP Fértil® when compared to competitors' products’

Which competitors’ products?

[j2bull] 03/2/2021 14:06

Looking good the moving averages are all due to cross in the next couple of days (last time that happened was back in 2018) I am expecting a large move

[roguetreader] 03/2/2021 13:13

At first glance looks to be an excellent update with solid progress. I want to see the financials to be wholly confident of the overall position, particularly around cash and working capital.

[elited10] 03/2/2021 11:21

Reads like a great update, hopefully see some further strength in shares price. Any comments?

[whl2] 30/1/2021 11:17

Dry January !

[whl2] 19/1/2021 13:29

8 more trading days in January, still no update. Welcome to the new improved investor relations HMI - not!

[luckyjoe999] 14/1/2021 14:33

Brazil is generally a difficult place to conduct business, additionally, present government mismanagement, corruption, and corporate restrictions along with significant COVID-19 country effects all do not help here at all. Now as for the inefficient, high cost, and very poorly managed HMI, unfortunately as mentioned, no respite for the share price here which is going to go to sub 2p later this quarter and again see all time lows, liquidity (or lack of) and management inefficiency are all going to help further drive this minute MC of a company into the ground, DYOR, and get out while you still can, IMOO.

[sleveen] 14/1/2021 12:19

I doubt a viral mutation is going to stop farmers from growing crops.

[varies] 14/1/2021 11:06

I bought a small holding in March 2017 at 13.4p and sold half of these at a 40% profit in April 2018 and have taken little interest in HMI since.
There are obviously many difficulties in Brazil and the affliction of a new mutant of Covid19 can only make matters worse.
The report for the 6 months to 30 June 2020 warned us that HMI could not estimate the effects of Covid on its operations or its liquidity.
Even so I believe we have reached a point where the chances of a good recovery in 6 months time outweigh the risk of HMI going under.
HMI incurred trading losses of about $2 million in the first 6 months of 2020 and FX losses of about $2m too. It still held current assets of $6m which should cover the cash burn for 18 months.
So, fingers crossed, I am dipping my toe in the water again.

[whl2] 13/1/2021 07:59

oh well, just another 352 days to the 2021 results !

[luckyjoe999] 12/1/2021 06:47

Unfortunately HMI is going to go back to below 2p in coming weeks, company feeding only the inefficient expenses and salaries of the executives here, absolutely nothing of interest or potential (apart from more negatives) to remain invested any longer IMHO, so over and out!

[harvestminerals] 11/1/2021 17:39

Lol - exactly why it’s not worth sharing information on here.

[kreature] 11/1/2021 15:36

'Sales data remains sensitive in terms of.....'

being bogus ?

[kreature] 11/1/2021 15:35

'Kreature if you want to get official confirmation that there “are no plans to raise capital at this point” please email the company.'
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I guess some people would actually do that