Harvest Minerals Share Discussion Threads

[kreature] 30/10/2022 11:13

Does the net cash inflow include the loans?

[whl2] 30/10/2022 11:00

Looks fantastic. So when will we see a bid for HMI David ?

[ypymytyc] 30/10/2022 09:11

I suppose the figures provided by Harvest in their latest presentation was bound to look impressive to some shareholders, though not all!!!!

The comparison made on page 5 of their presentation in respect to '2022 Interim Results' and further annunciated above really does make me laugh!!

'Net cash inflows from operating activities of $693,207 (30 June 2021: net cash outflows $1,116,168)'

Why would you compare 2022 'Net cash inflows' with 2021 'net cash outflows'?


Looks good though!



YP

[kreature] 30/10/2022 08:52

Highly believable

[sarkasm] 30/10/2022 08:21

Harvest Minerals | HMI.L | Corporate Presentation | Q4 2022


4



Results

2022 is proving to be a breakout year

2022 YTD Sales

YTD sales orders total 153,074 tonnes (YTD Q3 2021: 74,159 tonnes) a year-on-year increase of 106%
Q3 2022 sales orders of 32,676 tonnes (Q3 2021:
46,166 tonnes) as a result of change in buying tactics
Healthy growth profit margins
Exceeded its 2022 year-end sales target of 150,000 tonnes of KP Fértil®
Buoyant fertiliser market conditions continuing
Cashflow positive
Robust Q4 2022 anticipated

5

2022 Interim Results

Unaudited interim results for the six-month period ended 30 June 2022:

Net cash inflows from operating activities of $693,207 (30 June 2021: net cash outflows $1,116,168)
Loss after tax of $883,556 (30 June 2021: $1,067,707)
Cash and cash equivalents at the end of the period of $2,414,039 (2021: $1,708,001)
Gross profit of $1,582,149 (2021: $186,267)

[sarkasm] 30/10/2022 08:18

SUPPORT 5.95p

[kreature] 30/10/2022 07:01

When you say sales (on the other thread) do you mean ‘sales’ ?

[organstop] 29/10/2022 22:37

I'm sorry I seem to have killed this BB

[ypymytyc] 26/10/2022 13:12

Verde announced production capacity now at 1.8Mtpa.

Watch out for discounting of their 'simple mineral fertiliser'?



YP

[kreature] 26/10/2022 10:59

It all about dust. Hope that helps.

[ypymytyc] 26/10/2022 10:40

Seems you are now talking about 'profit' and 'outperforming', all very different to your original statement of 'substantial change in profitability'.


YP

ps: your figure on orders/sales are wrong, or are you still gussing?

[scrutable] 26/10/2022 10:28

ypymytyc
you have now exposed yourself (in your 3908/10) as either of fraudulent intent or of a feeble mind unable to do simple arithmetic.

The company's H1 report showed a surprisingly low tonnage of 35,014 Tons Sold (ie Invoiced) for a total $2,785,590 ie $79.5/T yield, of which $46,56 was gross margin, but that was sufficient to cover all overheads and leave "comprehensive profit" of $89,659 Ie we were already above break even, but orders had by the end of Q3 accumulated for the year to 191,698Ts' Thus by that date a huge 156,684Ts remained uninvoiced and still to be delivered with each Ton++ promising an extra contribution of $46.58 towards Fy profits (less by any overheads still to be added, which we cannot know).

AT that point I agree one is guessing. It is nevertheless still true that the company is outperforming but unless none of these orders can or expect to be delivered during 2022 we can look forward to much of that $7,000,000++ to look forward to in the FY results.

What's wrong with that thinking?????

Now compare those rosy figures with the current capitalisation of £12.6m!!

[ypymytyc] 26/10/2022 10:18

Still no sign of kpf... 'the simple mineral fertiliser'?

No field trials, different seasons, different crops..... none?

Now the MAPA certification process as a 'simple mineral fertiliser' could only have been based on the original sample dust provided by Harvest that was sent to the Federal University of Uberlandia. That sample dust contained ~35% more P2O5 and ~53% more K2O than the remineraliser product displayed/advertised on the Kpf.... website.

Hmmm! So can Harvest actually supply that product in 'bulk'?


YP

[drew lonmenob] 26/10/2022 09:37

shut up sheedy clown

[kreature] 26/10/2022 09:09

Anyone know how much borrowed money is left ?
and how much money would there be now without the loans?

[gotabsirius] 26/10/2022 07:17

Yes, as I thought.....

I've done my research and maths thanks.

[ypymytyc] 26/10/2022 04:39

Figures are in the accounts!
If you're that bothered about it, you could just work it out for yourself!



YP

[gotabsirius] 25/10/2022 21:50

Why are they becoming less profitable? Give some context to your wild actuations

[ypymytyc] 25/10/2022 18:57

You don't need any news if you are only guessing.
In regard to 'substantial change in profitability', I agree, they are becoming less profitable!



YP

[scrutable] 25/10/2022 17:35

ypymytyc

You don't need new news to be able to impute a substantial change in profitability. Do some marginal arithmetic and you will look to be a wiser man than you seem to be.

[ypymytyc] 25/10/2022 17:13

Wow, another 'no news' ramp!

Or is it that single freight of kpf... big-bags appeared on 'fretebras', long time since the last one?

No, well done twitter and not a mention of the price of gas!



YP

[scrutable] 25/10/2022 13:16

The company's carelessness with clarity between "orders" and "sales" has IMO led to a grotesque undervaluation in these shares.

Perhaps the market notices more that investors have to sell when cash is short than only when things are going wrong, and some have to sell even when a share promises an immediate increase in value as does HMI right now.

Despite a huge increase in orders to 117539Ts during H1, followed by the record further growth to 74159Ts in Q3 "Sales"(invoiced?)were only 35014Ts - low by comparison.

There is thus a large backlog to invoice (if delivered) for Q4. Yet comprehensive income broke through to positive in Q3 for the first time.

So there should be a much much, larger profit to show for the current quarter.

Let someone else work out how much: possibly x4-10 times. Margins now are high by any standards.

[whl2] 25/10/2022 11:17

Looks like Edwards family still selling. I count at least five 100k sales today.

[ypymytyc] 21/10/2022 10:10

MMs moved the 'market size' down to 20,000?

Is that good?



YP

[kreature] 18/10/2022 15:11

Hmmm, nearly zero. Well less than 2p away from the 4s anyway. Some sort of disconnect? Investors too thick to understand?