Harvest Minerals Share Discussion Threads

[farrugia] 02/7/2024 08:56

lots of these lifestyle companies on AIM. They look very promising to the unwary at first but are in fact traps designed to part you with your money. I bet there are many companies in Brazil offering the same product as this company - the only difference is they are private so Harvest probably doesn't have any competitive advantage.

[ypymytyc] 02/7/2024 08:56

Well I had been wondering what they would come up with to delay the approval those 3 of the 4 positive (fosfato) research reports submitted to the ANM (Sept 2023).

A fast track drilling campaign on the 3 tenements south of Maximus from the boys at GE21 and some wonderful REE results (in house), that should do it?

Strange though, how do they intend to complete a drilling campaign without a research permit?


YP

[ramnik007] 02/7/2024 08:49

It is crazy that directors can legally steal money from Aim companies with private investors not having the clout to fire the incompetent and thieving directors.

[whl2] 02/7/2024 07:42

Pleased to announce! More like salivating.

[farrugia] 02/7/2024 07:37

Harvest Minerals Limited, the AIM listed organic fertilizer producer, is pleased to announce an equity issue package consisting of a placing ("Placing") that has raised gross proceeds of c. £425,000, and the settlement of c. £575,000 of director / company secretary fees, through the issue of, in aggregate, 100,000,000 new ordinary shares of no par value at a price of 1p ("Issue Price") (the "Equity Issue").

PATHETIC. £575,000 FOR A 3.79M MARKET CAP COMPANY THAT WILL SOON HALVE. LIFESTYLE COMPANY THAT IS BEING MILKED TILL THE END.

[whl2] 02/7/2024 07:36

Thriving counts.

[ypymytyc] 01/7/2024 05:59

From ANM website:

CFEM figure for sales in May R$14,040.99

As a reminder the figure for April was R$5,552.65


YP

[ypymytyc] 27/6/2024 15:49

A change of ANM DG and the long outstanding issue with the Sergipe prospect, the disallowed 'final research report', gets a hand-over.



When it rains.....!

YP

[kreature] 27/6/2024 09:47

Perhaps they mean negative-dividends or so called placings? So did the margins shrink due to an oversupply of dust in global markets?

[whl2] 26/6/2024 14:07

Dividend payments and share buy backs still under consideration. What planet does this guy live on ?

[kreature] 26/6/2024 14:03

At least the maker has a sense of humour by marking the price up.

[kreature] 26/6/2024 13:54

‘ The Group has historically demonstrated its ability to raise funds to satisfy its immediate cash requirements. Such as, in April 2024, the Group sourced a drawdown of an existing loan for $R2,500,000 to fund working capital.’

Wish my bank would do that for dust

[kreature] 26/6/2024 13:39

So around £1,600,000 sterling down the toilet

[kreature] 26/6/2024 13:27

Inventories up by 900%. So dust not exactly flying out the door?

[ypymytyc] 26/6/2024 12:51

And the share price is rising, unbelievable!


YP

[ypymytyc] 26/6/2024 12:30

Loans, R9,194,965 as at 31 December 2023 and a further R$2,500,000.00 in 2024.

WoW


YP

[kreature] 24/6/2024 20:34

Shed roof needs jet washing

[whl2] 22/6/2024 10:36

Might not !

[kreature] 21/6/2024 16:37

Might be pleasantly surprised with pre litigation recognised revenue ?

[whl2] 20/6/2024 07:15

I would imagine this will be back to 1p after results next week. In Harvests's case no news is bad news.

[kreature] 09/6/2024 10:08

Final results due here by the last possible day in June. Plus got to show 12 months cash going backward. Forward rather. Not sure how they could get a placing away? Surely another bank loan is out of the question?

Will be looking for
Amortisation and
Impairment of trade receivables and
Impairment of capitalised exploration
In finals

[whl2] 09/6/2024 09:40

"At which point can you apply for a loan ?"

Does that apply to shareholders too ?

[kreature] 08/6/2024 22:56

No doubt we won’t find out, once the dust has settled. But is the business model to recognise massive orders, that don’t get collected, and instead end up in court? At which point can you apply for a loan ?

[ypymytyc] 08/6/2024 04:15

I think the main question here is why did Triunfo Minereacao...... need to take out loans for R$3,500,000.00 for a contracts totalling R$2,972.000.00 where no dust actually changed hands?


YP

[ypymytyc] 08/6/2024 04:07

There is a second company named on this court case, Brasil Agro + Ltda.
This company is one of those similar small companies I previously mentioned connected by one of the directors.
Brasil Agro + Ltda operate as 'wholesale trade in agricultural pesticides, fertilizers, fertilizers and soil correctors is part of the wholesale trade sector.'

----------------------------------
General information
Start of the process
2024

Nature
7 - CIVIL AND LABOR PROCESS -> Knowledge Process -> Knowledge Procedure -> Common Civil Procedure

Subject
9587 - CIVIL LAW -> Obligations -> Types of Contracts -> Purchase and Sale - Law nº 10.406/02 (Civil Code) -

Judicial power
Justice of the States and the Federal District and Territories

Judge
Guilherme Bonato Campos Carames

Involved
ACTIVE HUB
Triunfo Mineracao do Brasil LTDA
Author

Vitor Abrantes Rocha
Lawyer involved

PASSIVE POLE
Ana Paula dos Santos Oliveira
Passive part

Brazil + Agro LTDA
Passive part

DNA Agricola Representacoes LTDA
Passive part
------------------------------

YP