Harvest Minerals Share Discussion Threads

[vlad the impaler] 30/6/2022 14:49

Verde sinking.

Is this dust contagious ?

[kreature] 30/6/2022 14:32

So is it fair to say that my agrocerrado fantasy is dead in the water?
and my dreams go Geociclo, Caspela, Sergipe ffs how many more /?

[ypymytyc] 30/6/2022 14:31

That US$25,000 would more than cover the BF Mineracao Ltda auction bid and might even cover FFA cost who work on the bid.


YP

[ypymytyc] 30/6/2022 14:29

Obviously getting the figures correct in Harvest accounts has never been a priority but I do think, for the sake of the private investors, they should at least get the number of shares correct.
Effects loss EPS and could make a difference in the SHs fantasies of this company will ever make a positive dividend payment?

Re-issue required!!!!

YP

[kreature] 30/6/2022 14:28

'Cash payment of US$25,000 to the Vendors of the project for initial deposit for due diligence'

So paying the sellers to check it's all ok ? I don't get that. Wouldn't it be better just to buy a car or something with the 25k ? Or just pay them fifty quid instead ?

[ypymytyc] 30/6/2022 12:52

I suppose with Q2/22 sales down 48% on Q1/22 figures, it could only get worse once Verde Plant 2 is in operation Q3/22.
No doubt they'll have some big discounting program?

Sergie - Mandacaru - Capela, takes a while to accept!



LOL



YP

[john4242] 30/6/2022 12:35

Pleased to see share price rising again scumkreature et aliases

[ypymytyc] 30/6/2022 11:20

They never mentioned this in the Miriri project acquisition RNS:

'Cash payment of US$25,000 to the Vendors of the project for initial deposit for due diligence'

And the Vendors were.....................!!



YP

[ypymytyc] 30/6/2022 10:52

Good to see they've also updated the sig SH list particularly the directors holdings.
Would that be because the "Brazilian Individuals" have now sold the recent free shares thus allowing an updated date but showing no change?



YP

[kreature] 30/6/2022 09:39

Why all the borrowings and losses ?
I thought the mine was profitable?

[kreature] 30/6/2022 09:36

3m loan April 2022
Plus the 3m debt facility Sept 2021 ?
Are that bank expecting their money back?

[ypymytyc] 30/6/2022 09:29

I think Talon first did a write-down and passed them on to Rio Verde/B&A ....S?A.?



YP

[kreature] 30/6/2022 09:27

$R3,000,000…… I guess a placing wasn’t possible then (yet) ?

[kreature] 30/6/2022 09:16

So I guess B&A were right to value Sergipe and capela at zero ?

Actually, should have been less than zero?

[ypymytyc] 30/6/2022 09:16

The write-down for Sergi and Mandacaru wont stop the full story being told!!

They've also borrowed R$3,000,000 in April 2022 to increase mine production.



YP

[kreature] 30/6/2022 09:03

Net cash and cash equivalents at 31st Dec was actually 1,454,467
The rest was borrowings

[kreature] 30/6/2022 08:58

Loss for the year 4,168,072

So is that what you call a profit down under ?

[kreature] 30/6/2022 08:54

‘Impairment Loss 3,317,445
‘ The impairment loss for 31 December 2021 is in respect to expenditure on the Sergi and Mandacaru Projects.

Waiting to get paid:
Trade and other receivables 1,909,730
Plus 281,698 (non current trade receivables)

[ypymytyc] 30/6/2022 08:44

That's Agrocerrado, you didn't really believe Invoice No. 83 would get paid did you?

Not a real loss anyway, did they deliver anything?

Only real loss would be all the free corporate doo's and gifts they were given?

Well done Agrocerrado, glad to have helped?



YP

[kreature] 30/6/2022 08:34

‘ Impairment trade receivable expense 600,817’

Hmmm

[gotabsirius] 30/6/2022 07:38

Cash is where he said. Circa $2m AUS.

Factor in sales of 150k plus at US60/70/80 per tonne and cash flow jumps significantly!

[ypymytyc] 30/6/2022 07:28

Sub 10p today IMO.

Cash down to AU$1.7m, only slightly higher than thought.




YP