Harvest Minerals Share Discussion Threads

[jonnynixon] 25/10/2023 18:31

Traded in and out over the years. Company during spike in potash prices and over trading in the period did not make sufficient returns to support the historic share price. I no longer have a holding. can not see this being a viable listed company at such low tonnage cart away. Business either needs to divest or merge with other potash companies to grow.

[vlad the impaler] 25/10/2023 17:39

Only seems like yesterday it was 16p and getting ranked into the next galaxy

[ypymytyc] 25/10/2023 05:08

Figure should be available 1st Nov.

[kreature] 25/10/2023 01:04

Recurring write-offs ? Maybe it would work?
But nearly November and has no-one at all had to cough up for 2023 dust orders ?

[ypymytyc] 24/10/2023 12:49

Customer retention is much easier than finding new customers, so why not?

[kreature] 24/10/2023 10:03

So prob safe to write that off. Is it okay for the 2022 non-payers to place new orders ? I don’t see why not

[ypymytyc] 24/10/2023 03:53

Up to 22,500 tonnes.

[kreature] 24/10/2023 01:33

‘Orders to the end of September 2023 totalled 40,000 tonnes, of which 22,500 tonnes has been invoiced for payment and 17,500 tonnes is forecast to be invoiced for payment by end December 2023’

so how much of that is more than 120 days overdue?

[kreature] 23/10/2023 14:46

‘ Hard to see how Harvest get their 30kt forecast of orders for Q4/23?’

Christmas gifts ?

[sleveen] 23/10/2023 10:38

Think of a number?

[ypymytyc] 23/10/2023 10:35

'Orders to end of September 2023 totalled 40,000 tonnes'

If orders to the end of July were 36kt (RNSd), then for the whole of August and September they only received 4kt of new sales orders.
Hard to see how Harvest get their 30kt forecast of orders for Q4/23?

[ypymytyc] 23/10/2023 10:29

It could get worse, they could write it off after +120days.

Harvest added the following statement in their latest accounts:

'Trade receivables are written off where there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the group, and a failure to make contractual payments for a period of greater than 120 days past due.'

[kreature] 23/10/2023 09:42

Orders to the end of September 2023 totalled 40,000 tonnes, of which 22,500 tonnes has been invoiced for payment and 17,500 tonnes is forecast to be invoiced for payment by end December 2023


Err so um none of the above has been paid, and none of it delivered ?? Still working on delivering 2022 orders ? Um hello can I buy some fertiliser, actually rockdust will do, and dont bother to deliver it, we will chat about it in a year or so ? Maybe here’s some money but don’t recognise it until whatever ?

[ypymytyc] 23/10/2023 07:52

So Harvest forecast is to invoice 47,500t during Q4/23.

Could be the best Q4 to date, for invoices that is?


YP

[ypymytyc] 23/10/2023 07:19

So the 33kt hadn't really been delivered!
and,
same 33kt hadn't really been paid for!

RNSs, IMS presentations....... all just garbage!


YP

[ypymytyc] 13/10/2023 09:35

Good timing, but very unlucky!

Geociclo failed to find the heir apparent.

Judicial Recovery ended!

And with it the 'Creditors list'?

I wonder how much FFA legal made from that catastrophe?

Now, what's next?


YP

[ypymytyc] 13/10/2023 04:11

Some news then:

Garrison Capital (UK) Ltd - finally dissolved!
The 'way forward' perhaps.

Five Star Mineracao Ltda, a company owned by a familiar group of Brasilian Businessmen and with the same local director as Triunfo Mineracao do Brasil Ltda have applied renewal of Operating Licence valid until 24/02/2024 for diamond extraction and processing activities. Still awaiting ANM granting FML, all seems to be going well since those 'proof of available fund' submissions in Sept 22.

Credit Qualification case Triunfo Mineracao... v Geociclo -'Order given'


YP

[ypymytyc] 13/10/2023 03:46

Where's Q3/23 sales update?
Where's the MD?


YP

[whl2] 09/10/2023 20:38

By the balls, preferably

[ypymytyc] 08/10/2023 19:26

D Burton suspended on twitter?


YP

[ypymytyc] 06/10/2023 04:01

Loan repayments commence April 2024.
The first 25,000t/a @ R$250t less costs should just cover that?


YP

[putinaire] 04/10/2023 20:31

It's all looking rather bleak

[vlad the impaler] 04/10/2023 16:26

The only thing getting fertilised here are investors underpants