Harvest Minerals Share Discussion Threads

[kreature] 27/4/2021 21:57

I make that 18 x 1t big bags at R$141,966 (£18,730) a bag? Inflation? Probably a typo. I guess its supposed to say 18,000 bags?

[ypymytyc] 27/4/2021 20:47

Yep, for a while it looked like Agrocerrado were taking most of the 36kt order. Now it looks like they took less than 1kt leaving Triunfo to invoice for 17,035.92t that Agrocerrado did not take. Wonder what the T&Cs were? 50%?

It does explain that pile of dust left on the ROM.

Anyway, it's hard to believe they could get 17,035.92t to of dust in to just 18x1t big bags?

Worked out quite well I'd say, Triunfo had an invoice for R$2.5million to go through the accounts, though they had to pay R$51k CFEM but no problem with £8million in the bank and eventually they got the CFEM back via the courts. Only draw-back is they are stuck with 17kt of Agrocerrado dust.

YP

[kreature] 27/4/2021 19:15

But it did look good for a while, to be fair

[ypymytyc] 27/4/2021 17:20

Doesn't matter what you call it on an invoice if there's no sale.

YP

[kreature] 27/4/2021 17:11

product described as Kamafugite on the invoice. I would have called it fertiliser really. Or at least remineraliser

[ypymytyc] 27/4/2021 16:15

Dates are correct.
Payment made January 31, 2019.
Accounts FY to June 2019.
Accounting date changed after these dates, now FY end December.

YP

[kreature] 27/4/2021 16:04

should be in june 2020 accounts? or did accounting date change, i don't remember

[ypymytyc] 27/4/2021 15:55

Here's another one,

Why have Triunfo Mineracao do Brasil Ltda made payment to a company called 'Ferraz & Ferraiuoli Avevedo - FFA Servicos de Assistencia Comercial Ltda' a company owned by Luis Azevedo & Soraya Lopes Ferraz which have not been listed in 'Other transactions with Key Management Personnel' of HMI accounts June 2019?

Date 31-01-2019
Payment R$65,695.00

FIGURES FROM TRIUNFO STATEMENT(BRADESCO)

YP

[ypymytyc] 27/4/2021 14:45

I'm not sure if they've been moving 100kt of dust in any direction, but I can see money and revenue moving.

I've had a look at the Triunfo invoice to Agrocerrado that prompted the cancellation of their order.
The details are:
Date 28-12-2018
Value R$2,555,388.00
Product Kamafugito
Quantity 18 Big Bag
Gross weight 17,035.920
Unit Value 150.00
Total Value 2,555,388.00

THOSE FIGURES ARE TAKEN DIRECTLY FROM THE DANFe INVOICE.

No wonder the 6 months to December 2018 looked good.

[kreature] 26/4/2021 23:04

I wouldn’t be surprised if 100kt has been moved away. Possibly used to fill a hole somewhere? Or possibly used in place of a real fertiliser?

[kreature] 26/4/2021 17:56

'we', 'they' , so confusing here

[whl2] 26/4/2021 17:02

Thanks for the reply harvestminerals, I'm still of the opinion they will crack 100kt this year.

[hungary16] 26/4/2021 09:54

The only opinion that matters is that of the market - unfortunately, it doesn’t believe the Harvest Minerals story !

[source] 26/4/2021 09:00

Are ADVFN's numbers on Harvest Minerals correct? They have:-cash per share at 4p & ;Net Tangible Value per Share at 7.4p- If right it's business is valued at less than cash!?Regards

[harvestminerals] 26/4/2021 07:54

WHL2, it’s difficult to say but the target of 80KT is set at an achievable level. With sales going from strength to strength I would say that the dales team are making fantastic progress and exceeding expectations

[ypymytyc] 26/4/2021 07:46

It beats being a born loser?

YP

[madmonkflin] 26/4/2021 07:16

YPis that illiterate foreigner on the LSE website, uses loads of pseudonyms

[jailbird] 24/4/2021 15:25

Maybe the Co's voice has been put on furlough or better still relieved of his duties as part of job cuts

[kreature] 24/4/2021 14:00

not sure how things can 'improve' as the ingredients of the product are fixed. It would imv be a miracle if the ingredients of the product miraculously fitted the deficiencies of a farmer's soil. What are the chances?