Harvest Minerals Share Discussion Threads

[ypymytyc] 05/7/2022 05:40

Makes you wonder how much the R$3,000,000 loan to increase the production capacity from 325ktpa up to 200ktpa will be when it appears in the interims?

R$9,000,000 perhaps, or would they need to RNS the R$3,000,000 loan first?




YP

[kreature] 05/7/2022 01:15

So was it R$3m or R$1m ? Or both ?

[kreature] 05/7/2022 00:58

The debt is secured against the solar power facility ?

The portable solar power facility, in Brasil ?

Has the bank fully thought this through ?

[organstop] 04/7/2022 22:33

Why the silence on this thread? The other ones are rubbish.

[ypymytyc] 04/7/2022 19:54

Never ending in't it?
Well, get while you can!
"..a couple of hundred thousand dollars..." ?

Renewable Energy (Solar) RNS 28th September 2021:
'A debt facility of circa R$1.0 million (approximately US$200,000) has been signed with Banco Santander with a five-year term at favourable rates to fund 100% of the cost of construction of the solar power facility. Energy cost savings of circa 8% will more than offset the debt service commitment over the debt term.'

Page 37 Accounts:
On 28 September 2021, the Group obtained a secured debt facility with Banco Santander with a five-year term totalling $R3,000,000. The debt is secured against the solar power facility at the Arapua Fertiliser Project.



YP

[ypymytyc] 04/7/2022 17:52

You do have to wonder why they didn't mention the flagship Limestone project in the accounts?
Granted they didn't notify commencement of research until mid Dec 2021 but still, why no mention?
May be now they have ~A$1.8million of debt they now concentrating on Maximus cashamus, and parking the limestone just like Sergi and Mandacaru?


YP

[chique] 04/7/2022 16:32

Kreature - I suggest you make an appointment for some help

[vlad the impaler] 04/7/2022 10:19

We are lucky to have YP and Kreature here. Else we would know not what we see

[vlad the impaler] 04/7/2022 10:14

Oh no, and single digit on the way now too

[ypymytyc] 04/7/2022 04:59

Needs answers!

Page 8:
Corporate Activity
Issue of Shares
No shares were issued during the period.

Page 18
Transactions with owners in their capacity as owners
Shares to be issued as part of acquisition
$279,876 contributed equity

P37
(b) Movements in shares on issue
Shares to be issued as part of an acquisition
No. of shares - 0 $279,876
On 29 November 2021, the Company entered into an agreement to acquire 100% of the ordinary shares of BF Mineração Ltda for cash and shares. As at the date of this report, the shares are still to be issued.



YP

[kreature] 03/7/2022 22:51

How can the BF Minerals acquisition be 'settled on 6 December 2021', when there are 3.3m shares (issued but not issued) 'still to be issued.'?

How did the 3.3m issued but not issued still to be issued shares appear to trigger a TR1 holdings RNS on 6th Dec 2021 ?

Why didn’t HMI buy the Miriri project direct from the CPRM (A Companhia de Pesquisa de Recursos Minerais ), ie the actual vendors?

How much does the CPRM receive for selling the Miriri project? And how much stays with the blokes who set up BF Minerals?

[kreature] 03/7/2022 22:23

29th Nov 2021 RNS: 'The 3,333,333 new Ordinary Shares issued rank pari passu with the Company's existing Ordinary Shares.'

30th June 2022 RNS: ‘As at the date of this report, the shares are still to be issued.'

[kreature] 03/7/2022 07:12

So did they not want the 3.3m shares?
Or has there been a breach of understandings ?
Or did the idea to send 3.3m shares overseas not pass the regulators?
Any ideas?

[kreature] 02/7/2022 22:21

Says here…..

SGB-CPRM grants assignment of Miriri to BF Mineração
Publication date: October 4, 2021, 3:10 pm, updated October 4, 2021, 3:12 pm…..The company should invest in geological research aimed at the production of phosphate fertilizers

[kreature] 02/7/2022 22:05

Ok….

29th Nov 2021 RNS: ‘ Shares will commence on or around 1 December 2021 ‘

And 7 months later:

30th June 2022 : ‘ As at the date of this report, the shares are still to be issued.’

So should the number of shares to be issued be half as many because they are now worth twice as much?

[kreature] 02/7/2022 22:02

29th Nov 2021 RNS: ‘The 3,333,333 new Ordinary Shares issued ………;…It is expected that Admission will become effective and dealings in these new Ordinary Shares will commence on or around 1 December 2021’

RNS 30th June 2022 : ‘As at the date of this report, the shares are still to be issued.’

Errr what was that? Say again

[kreature] 02/7/2022 13:17

Is it best to just close the whole company down, and try starting again ?

[kreature] 02/7/2022 13:16

Was the 6th Dec 2021 RNS triggered by shares that were not issued ? Does that RNS need to be corrected ?

[kreature] 02/7/2022 12:45

I feel upset and misled. Is there a complaints procedure here? Will the statement below be corrected? Has there been a false market? Should the Exchange suspend trading in the shares ?

29th Nov 2021: ‘ Therefore, the total number of voting rights in the Company is 189,169,217 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules’

[ypymytyc] 02/7/2022 11:35

Latest sat image shows more work closer to the west side of the 20kt shed.

Considering the lesser value of the loan April 22 the works are more likely to be a lorry loading farm.
Just a guess, but would make sense looking at the a layout.
Another weighbridge would be a must, saves topping up at the gate.


YP