Harvest Minerals Share Discussion Threads

[vlad the impaler] 03/9/2023 10:10

"For example, provisions may not have previously been recognized for the cost associated with the decommissioning and/or rehabilitation of assets such as coal or certain processing plants, because they were initially considered to have indefinite useful lives. But these assumptions may no longer hold, and so decisions need to be made about the when, the timing of when to recognize such a provision."

Were there notes to the timing ?

[vlad the impaler] 03/9/2023 10:07

And what operating cost totals are in place for future provisions? Re what future provisions are within the operating costs , just to get a feel for their plans, environmental and Work to be in progress plans

[vlad the impaler] 03/9/2023 10:03

"I think it’s important to note that an obligation to rectify damage already caused may require a provision whereas an expectation of higher cost of operating in the future, say, in an environmentally friendly way, is really a future operating cost and can’t be recognized as a provision"

Just for clarity. What provision have they made and who costed it?

[ypymytyc] 03/9/2023 09:57

They have a mine closure plan, submitted to ANM and, end of 2022 AU$276,435 has been allocated as 'Provision for rehabilitation'.

From latest accounts page 37:
'The provision for rehabilitation relates to environmental recovery costs at the Arapua mine site. The Group records these costs against production and is reflected in the cost of goods sold mine operating costs (see note 5).'


YP

[kreature] 03/9/2023 09:49

Would need to find a fertiliser supplier

[institutional investments] 03/9/2023 09:41

Should make a deal with the Columbians for farming the land

[kreature] 03/9/2023 09:38

Presumably this can’t operate on thin air? Would they need to re-landscape the open pit with grass or something?

[institutional investments] 02/9/2023 22:25

Cashflow statements

Question

Must all cashflow inputs noted, have first passed through a bank account ?

If the answer no, then only 5 figures can have any meaning

[institutional investments] 02/9/2023 22:18

Often wondered why the simplest thing to put on financials, is not there for investors 😂

[institutional investments] 02/9/2023 22:16

Was just looking at previous jump in revenues and the cash statement 😂

If they ever put a "Cash at bank at X date' line on financial statements, it would be horrific for all creative accounting

[kreature] 02/9/2023 19:34

Um, is there any money left in the bank ? Sorry to ask

[kreature] 02/9/2023 09:51

Based on royalties, I make it 36Kt for H1 @ $20USD per ton, translating to around £99k revenue per month on average from Jan to June ? Not sure if that’s enough to pay the bills ?

[kreature] 02/9/2023 09:39

‘DeliveredR17; is as good as paid but not necessarily paid, imo
Might be easier if HMI just post the bank statements each month? Or would it be credit card statements by now?

[ypymytyc] 02/9/2023 09:10

Couldn't be more confusing than this from RNS 30th June 2023:

'News sales orders invoiced and delivered total 27,000 tonnes in H1 2023 versus budget of 60,000 tonnes.'


YP

[kreature] 02/9/2023 09:07

Hmmm, I’m wondering if it’s more like 20USD per ton, given that Jan reporting a month behind for Dec etc ?

I make the actual cash in the bank revenue around £99k per month on average for H1 ? That’s for the 36Kt at 20USD per ton ?

[kreature] 02/9/2023 08:53

Maybe delivered and invoiced and sold depends on ‘the definition of revenue’ which doesn’t seem to have been defined? Seems like if you pay cash but don’t collect the dust, that’s not revenue (as per investor meet presentation?)…;….but if the customer collects the dust but doesn’t pay a bean, then that’s as good as cash in the bank ?

RNS
‘ An additional 33,000 tonnes of advanced sales that had been invoiced in 2022 but did not meet the definition of revenue in the year under accounting standards will be included in FY 2023 revenue. ’

[sleveen] 02/9/2023 08:42

Interestingly back to the old terminology of sales orders rather than sales invoiced.

I wonder how much of these "sales orders" have actually been sold, delivered and invoiced?

[kreature] 02/9/2023 08:35

30th June RNS
‘ In Q2 2023, Harvest received new sales orders for 10,245 tonnes of its KP Fértil® produced at its Arapuá Fertiliser Project in Brazil bringing the total for H1 2023 to 27,000 tonnes’

14th Aug RNS
‘ As at the end of July 2023, Harvest has recorded 36kt of new sales orders for the period’

Is that around 80USD per ton ?

[ypymytyc] 02/9/2023 05:09

Latest sat image:



A line of trucks perhaps?
Covers on the stock pile local to feeder and mine site?
There has been the forecast of rain. Not so good for Harvest but good timing for MG soy farmers - planting soy in MG can start 1st Oct.


YP

[kreature] 31/8/2023 07:51

No new promotion videos on YouTube ?
Nothing for the last 6 months?

[kreature] 28/8/2023 17:30

Hmmm, a bit underwhelming then.
I don’t see the NPK values on the bulk bags at 2:36 in the video.



Or is that it at 2:41 in ultra mega lowest possible YouTube resolution?

Tbf, the asfaltico industry prob not too bothered about the values if they want some ?

[ypymytyc] 28/8/2023 12:13

Correct, less the 2%.


YP

[kreature] 28/8/2023 10:32

0.16 conversion to GBP 100%…..March £87k April £99k May £26k June £77k ?
Average over 4 months around £72k or around £800k (minus 2%) for 11 months maybe ?