Harvest Minerals Share Discussion Threads

[ypymytyc] 30/8/2022 08:29

Great RNS

Accounts accepted and Penha re-elected! Lol



YP

[ypymytyc] 25/8/2022 18:12

Nice little ramp today - nonetheless, the dust is still not an alternative for nitrogen based fertilisers.

Last year the bulk of sales with CFEM but without revenue showed up in H2/21.
Could explain the excess raw dust they've surrounded the sheds with?


YP

[ypymytyc] 24/8/2022 12:56

Corn needs Nitrogen fertiliser.
Shouldn't be a problem for Harvest as they don't have any Nitrogen.

Plenty of fertiliser available this year as imports have increased by 16%, whereas demand has only increased 2%.


YP

[the deacon] 24/8/2022 11:11

https://www.clarin.com/rural/china-quiere-importar-maiz-brasil-relegaria-unidos-ucrania_0_vx8HlWEued.html"This follows an agreement reached in May that guarantees Brazil's access to the world's largest grain market in the long term. Beijing will temporarily suspend a key clause that paves the way for Brazil, the biggest exporter behind the United States, to ship corn to China in the coming months..."Brazil is going to need a serious increase in fertiliser to meet this demand.

[kreature] 24/8/2022 09:42

Just a bit of settlement or subsidence probably ? And there was quite a lot of rain

[ypymytyc] 24/8/2022 09:11

Harvest Miriri 'due diligence'?

RNS 4th August 2022:
'Following this due diligence process, Harvest has made the decision to not proceed with the Project because both the geological and economic merits did not reach Harvest's minimum investment criteria. Specifically, Harvest concluded that a direct shipping operation would not be possible as the majority of the ore is at depth and the extraction of the ore and corresponding over burden rendered the Project relatively uneconomic.'

And the MD comments:
"We had high hopes for Miriri project, and it is disappointing that the detailed due diligence didn't reconcile to the historical data."

The link below is for a report provided by CPRM in 2001 which clearly indicates mineral depths, tonnage and grades for the project.
The report is freely available to all including Harvest and their group of Brazilian individuals and was available prior to the project auction.
So what happened, did the mineral sink between 2001 and 2021?



A$453,986.00 plus termination costs??????????



YP

[ypymytyc] 22/8/2022 06:12

The ANM Public Offering/Auction process (SOPLE) is restarting soon, group/s of Brasilian Individuals, unmissable opportunities, unrivalled due diligence....................US$$$$$$$$$$$$$$$$$$$?

There's over A$100k in the Geociclo issue.
The original debt was R$1,353,275.
Harvest impairment A$486,257.
Todays value of the original debt A$380,268


YP

[ypymytyc] 21/8/2022 13:24

Geociclo - General Meeting of Creditors postponed to 6th October 2022 (first call) and if necessary 13th October 2022 (second call).
The delay should see Triunfo Mineracao...Ltda added to the list, but will they turn-up to vote?


YP

[ypymytyc] 19/8/2022 07:56

TMS getting carried away with the comments by Prof Suzi Huff Theodoro in the recent conversation with 'copytaster'.

I was quite surprised they failed to mention Suzi Huff is Vice President of the Technical Council of ABREFEN.

ABREFEN is an 'association of soil remineralisers', Limitada, located at the same address as Triunfo Mineracao...Ltda' and the President/Director of ABREFEN is also a director of Triunfo Mineracao...Ltda.

Hardly an impartial and/or independent opinion then?



YP

[kreature] 19/8/2022 06:25

So real fertilisers would possibly have difficulty competing with the payment and storage terms of the rock dust. Personally I think the deposit should be recognised and refunded, then paid or impaired within the terms of the agreement

[ypymytyc] 19/8/2022 05:14

Lower prices for real fertilisers could lose some orders for the dust, but hopefully Harvest contracts/sales will have made the 10% deposit non-refundable?
That's a big HOPE?
Obviously cancelled orders would have a effect on their recently announced JIT policy with orders given a production slot when deposit paid, though in reality that would be a storage slot or even a block.
There's always the option of another resellers Bonanza or more covers needed in October?



YP

[kreature] 19/8/2022 04:21

Phew, it’s a good job it’s not a traditional fertiliser then….I can’t imagine anyone waiting for the price of dust to fall…..especially if they don’t bother paying for it

[ypymytyc] 19/8/2022 04:09

Too much fertiliser, warehouse blocking and farmers playing the waiting game for prices to fall.
Bargains to be had?





YP

[scrutable] 18/8/2022 18:29

Today's share price rise of 7% was encouraging though well overdue. There must currently be a strong 'feel good" factor when trying to guess the results for H1 due in Sept . HMI shares would be more than double the current price were it not for the collossal impairments of $3.9m charged in the last accounts. I was trying to look forward five-six weeks today

Remove those in one's mind for this year and the next H1 account should astound. Sales last year achieved A$57,16/T leaving an operating margin of A$42,25/T to cover semi-fixed costs of A$5.76/T allowing (in addition) for wages and salaries i.e A$36.49 nett. That's 64% of sales - an unusually high operating margin for any product and any company!.

Wages and salaries would not necessarily have increased in line with sales though Sales bonuses would no doubt be due on the astonishing volume growth of 340% achieved for H1 but surely we can add something to the sales prices achieved for Q2 from the Ukraine effect?

I make that out to dangle a huge marginal profit (that 64%) of sales on every ton sold after break even. I gave up guessing because it is going to be good anyway: pace the black Swan event or unexpected actions of the strong minded CEO.,

[ypymytyc] 18/8/2022 13:49

That's about the same period Harvest were giving it away?


YP

[andrbea] 18/8/2022 13:20

hmi-related tweet

[ypymytyc] 17/8/2022 10:00

It's funny how these things turn out?

On the same day Verde announce a sales partnership with one of the largest agro product distributors in Latin America then Verde lose their appeal against the rejection of trademark 'BaKS' registration.
Any thoughts on what they should rename their transition 'BaKS' range?



YP

[whl2] 16/8/2022 19:09

Thanks again for sharing your thoughts yp, much appreciated.

[vlad the impaler] 16/8/2022 15:44

Well done YP. Saved many a fortune here

[ypymytyc] 16/8/2022 15:43

With 1.2million tpa soon available this looks a good move for Verde?
Unlike Agrocerrado or Geociclo was for Harvest.





YP