Harvest Minerals Share Discussion Threads

[gilscottheron] 26/9/2016 13:07

Looks like it

[fission453] 26/9/2016 13:00

Everybody asleep?

[charles clore] 23/9/2016 13:47

Brutus, It looks like the share price is suffering on low volume due to warrant conversion followed by profit taking, rather than Brazilian stock traders commission. I am hopeful this will be reversed as warrants are depleted and positive newsflow ensues.

[brutus8] 22/9/2016 16:30

The early morning sells @ 18 were in fact buys. Not sure why the offer was @ 19 and they were selling at bid. Re the permit, like I said Latin America is laid back and only moves when brown envelopes are presented to the right person. The traders dealing in this know the country and will take advantage of this fact, then again judging by the volume their commission is slowly desintegrating so it's up to them how they want to turn it around or perhaps they are currently serving a HNWI to cover daily commission.

[shakeypremis] 22/9/2016 15:10

From the RNS regarding the appointment of the mining contractor it would seem the permit may well arrive mid October.

"Stage 1 - relating to civil works including construction of site access and the stockpile areas and also including removal and stockpiling of the overburden from the planned open pit. This work is expected to take approximately 30 work days to complete; and
· Stage 2 - relating to the mining and stockpiling of an initial 50,000 tonnes of ore. This work will commence immediately once the Trial Mining permit has been granted. This stage is expected to take approximately 40 work days to complete.

Eireli is currently mobilising the required equipment and personnel and is expected to commence work at the project site within the next seven working days.

Executive Chairman of Harvest, Brian McMaster, commented: "The award of the Environmental License last week allows Harvest to commence the initial civil groundworks in preparation of mining. With the appointment of Eireli, we will now begin constructing the site access, preparing the ROM pads and stripping the overburden. The completion of this is expected to coincide with the award of the Trial Mining permit, allowing us to start production around the end of October, well ahead of schedule."


From the above it sounds like while the permit is more or less a given, it won't be arriving tomorrow for instance. But then again WTFDIK!!!?!?!?

[shakeypremis] 22/9/2016 15:05

Fission453, it's ok mate.

[fission453] 22/9/2016 14:18

Toorrow is Friday, watch this go as the time is drawing very close for the permit! Could drop anytime!

[fission453] 22/9/2016 13:37

Sorry I do apolgise!

That was a copy and paste from shakeyprenis!

[charles clore] 22/9/2016 13:36

The market sees the Edwards' holding RNS as negative? The share price dips below 18p for the second time in a month. There are warrants being exercised with resultant profit taking holding down the price. But theres a sideways consolidation taking place with penant in play. The next move up when it comes should take the price into the 30s imho.

[shakeypremis] 22/9/2016 13:29

Fission453, I don't really care but that's my post from the LSE board.

[fission453] 22/9/2016 13:12

Edwards Family have not sold a single share since February. It's just the issuing of shares causing their percentage of the total number of shares to drop below 23%. Nothing to worry about although it looks like it may have spooked a few numpties.

This delayed trade popped up earlier:

22-Sep-16 08:14:38 18.55 105,687 Buy* 18.00 19.00 19.60k

Looks like someone scooping up share (probably).

[janestone] 22/9/2016 13:11

No one. Edwards haven't bought or sold but their shareholding has slipped to under 23% because of the extra shares in circulation. This is a non event.

[mrphiljones] 22/9/2016 13:06

Who's selling not adding....

[soulsauce] 22/9/2016 13:02

Wow that's a large holding.

[fission453] 21/9/2016 14:42

Permit award is coming soon! Get in there!!!

[brutus8] 20/9/2016 17:07

Hi Charles. Sorry I missed that wire. Have been busy collecting 2013 freedom girl coins from the states. Not many left now but you'll probably find them on ebay once the price is right. Lol

[soulsauce] 20/9/2016 16:50

One only needs to look at the outfit from where the new chap has come from (I posted the link earlier) Brazil is hungry for fertilizer products.

I think some may have missed that he was in marketing and will no doubt have a ready client base.

[janestone] 20/9/2016 16:47

Would countries really be importing fertilizer to Brasil if they weren't paying for the product?

[charles clore] 20/9/2016 12:16

brutus, perhaps you missed the RNS of 16th September. Well worth a thorough read.ARAPUA FERTILISER PROJECT UPDATE - APPOINTMENT OF MINING CONTRACTORHarvest Minerals Limited ("Harvest" or "the Company") is pleased to announce the appointment of DK Transportes, Demolição e Locação Eireli ("Eireli") as the principal contractor at its Maximus Phosphate Project, located in the Brazilian state of Minas Gerais.Eireli's contract comprises two stages, namely:-- Stage 1 - relating to civil works including construction of site access and the stockpile areas and also including removal and stockpiling of the overburden from the planned open pit. This work is expected to take approximately 30 work days to complete; and-- Stage 2 - relating to the mining and stockpiling of an initial 50,000 tonnes of ore. This work will commence immediately once the Trial Mining permit has been granted. This stage is expected to take approximately 40 work days to complete.Eireli is currently mobilising the required equipment and personnel and is expected to commence work at the project site within the next seven working days.Executive Chairman of Harvest, Brian McMaster, commented: "The award of the Environmental License last week allows Harvest to commence the initial civil groundworks in preparation of mining. With the appointment of Eireli, we will now begin constructing the site access, preparing the ROM pads and stripping the overburden. The completion of this is expected to coincide with the award of the Trial Mining permit, allowing us to start production around the end of October, well ahead of schedule."

[brutus8] 20/9/2016 12:16

Try the July 18th 2016 pdf to give you some insight.http://www.potashcorp.com/news/brazil/recent/1/

[brutus8] 20/9/2016 12:08

Hi Charles. Sorry I did not mention it to him. They have a little interest in agri but his speciality is luxury instrument creation. His current fund runs at 8% which certainly kicks the banks in the teeth.I fully agree with what you say but let me give you an example. I am currently still kicking myself for not diving in on ticker SEPU when it crashed to 10 pence and had I , today I would have sold. The Co got hit by another profit warning and Brasil was very much one of the culprits. The only thing keeping interest is a possible takeover but I think the bidders are more likely to go for the bond holders.The moral of the story here I think is this; no matter how great your product, if you don't get paid then the value is always zero. That is why some information (concrete) on Government is really necessary here. If we take farmers in the UK initially they were nervous of lost funds from the EU but our Gov quickly stepped in with reassurance. A similar signal would be greatly appreciated in this instance but we are cross boarder so entirely in the hands of the CEO and what he is prepared to say. I take it for now that contract proposal is still sitting on his desk collecting dust and that unfortunately is how Latino countries operate. Laid back to the core.

[sja123] 20/9/2016 11:47

If Brazil is already the fourth largest user of fertilizer in the world and imports 90% of what they use at present, someones paying for it....

[charles clore] 20/9/2016 11:15

Hi brutus I hear what you are saying about the Brazilian economy but the CEO doesn't seem to think that there will be any problem getting paid for the product and I would be very surprised if someone that savvy had slipped up on such basic market research. Perhaps HMI with such a vast resource to tap into will be exporting as well.Did your brother ever take a look at Sirius? Now that has a big enough market cap to make it worth his while and might give some useful pointers for us.

[cyberbub] 20/9/2016 11:00

Brazilians might be poor on average, they may not have Porsches, but they still need to eat.