Harvest Minerals Share Discussion Threads

[ypymytyc] 29/4/2021 08:39

Just in case you missed it:



That Luiz Clerot didn't hang around too long.
Here he is a AGUIA Resources, working on a phosphate project, rock crushed in to a dust! would you believe it?
Great write up on him, makes you wonder why they let him go?


YP

[ypymytyc] 29/4/2021 08:30

No need for security, it's a 24hour 3 shift operation.

May be they are just unlucky with the trucks.
I looked at a similar dust operation on google and they always seem to capture trucks leaving the site and queuing outside.
19°18'20.05"S 46° 0'20.39"W
There is an EOS app where you can track satellites, might help for next time.

YP

[kreature] 29/4/2021 07:41

‘ just one vehicle in the carpark.’

Probably the security-guy/secretary. Someone needs to be there just in case 20 trucks show up for a photo shoot?

[ypymytyc] 29/4/2021 03:58

At least google have a sense of humour, they've not cloaked the roof advertising this time.
I think they know something!

YP

[ypymytyc] 29/4/2021 03:50

Tea break time of course.
A well earned morning break, just after the 9kt Q1 tidy-up.
YP

[source] 28/4/2021 23:06

What time?

[kreature] 28/4/2021 16:37

What's with the ponds in the pit? Starting to look more like a golf course. HMI have done a lot of work there. What a difference

[ypymytyc] 28/4/2021 15:43

There's an up-dated image of the site on Google Earth dated 22-03-2021.
No lorries, no vehicles, no signs of dust, nothing happening, just one vehicle in the carpark.
Looks deserted for mid-morning on a Thursday.
YP

[kreature] 28/4/2021 15:17

agro should have at least collected the dust and paid through the nose for it, unless something was misunderstood in translation? As it stands they got a free lunch at the hotel, and I wouldn't be surprised if they were paid a fortune to put on a good show. i.e singing at the hotel or something. They do like their entertainment to be fair

[ypymytyc] 28/4/2021 12:34

Well I feel sorry for Agrocerrado but they know how the system works.

Wasn't this all about selling an agricultural input the Brazilian farmers/growers? Not contract T&Cs, issuing invoices for an un-collected product that Agrocerrados customers, farmers didn't buy/want, and then including it in accounts as 'Revenue from contracts with customers - Fertiliser'.
Just an opinion! but I did like the hats.

YP

[ypymytyc] 28/4/2021 12:04

Source,

The debt is still recorded in the last set of accounts.
Six months to June 2020 - AUD$684,955.00 Trade receivable
Was AUD$932,881.00 six months to Dec 2019
The original debt is Brazilian Real R$ so the exchange rate had quite an effect.

YP

[kreature] 28/4/2021 10:31

I actually feel a bit bitter towards agro now. To think that they were probably paid for the photo shoots and didn’t they eat all that food at the hotel, and didn’t they all get a free shirt and hat? And this is how they repay harvest shareholders?

[source] 28/4/2021 10:25

Ok, but it's 2021 now...

[kreature] 28/4/2021 09:54

Should the accounts be restated if HMI was defrauded by a rouge partner, again? Perhaps it was just a clerical error though

[ypymytyc] 28/4/2021 09:44

I'd be pretty upset if I'd invested based on this:

Re: Trading up-date RNS December 2, 2019

Highlights

·; Sales for past 12 months are ~50Kt, equivalent to breakeven at profit before tax level

·; Sales price maintained at approximately BRL200 per tonne (US$48/t allowing for variations caused by exchange rate movements)

YP

[source] 28/4/2021 08:57

Is any of this relevant to Harvest?

[kreature] 28/4/2021 08:02

Incredible research there YP, thank you.

[ypymytyc] 28/4/2021 05:05

They sold a total of 2,184t in the whole of 2018.
In the month following the date of the invoice, January 2019, the CFEM would need to be paid.
Triunfo paid R$731.15 CFEM, 182t, in January 2019.

No mention of an mistake on an invoice in the R$51k CFEM court case, just Agrocerrado refused to accept the invoice, didn't take the product and cancelled the the sales contract. Triunfo paid the R$51k then went to court, won the the case and the R$51k was returned to Triunfo on the basis that no CFEM was due because no product was actually sold.

The 2,184t sold in 2018 raised R$422,585.99 revenue, as reported to ANM.
HMI reported AU$1,048,062.00 revenue in the accounts six months to December 2018.
YP

[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