Harvest Minerals Share Discussion Threads

[andy] 07/11/2016 19:27

wh12,

If value is here it will come out in time.

If the price drops that is an opportunity for you to top up, or for new investors to climb aboard the train. Both are positive long term. If people buy because the price has fallen, it will rise again.

People are right to express doubts if they are sincere, I doubt they will start trial mining in November, but I have no doubt they will start at some time in the near future.

Once trial mining starts, the numbers look compelling, my only question is do they have customers signed up for all the offtake yet? And if not, how long do they expect that to take? All genuine questions, no agenda.

[whl2] 07/11/2016 19:14

Gosh, just in from work and its the end of the world - HMI price not doubled today!
Several people seemed glad to put doubts in shareholders minds yesterday and today - please sell your shares as I'm happy to buy more - obviously the cheaper the better!

Only a small shareholder 115k shares (all paid for) and happy to wait and see company grow next year. Comparisons to SXX are irrelevant to me as its future annual profits will be immense when up and running so good luck to their shareholders. I'm just happy to hold and increase my holding in HMI when the opportunity arises.

Good luck to all, and happily awaiting the permit

[ieh fan] 07/11/2016 19:03

Kreature: So where's this Placing eh?
Don't tell me you were wrong and the rest of the BB were right. That would be too much of a shock to bear.

[janestone] 07/11/2016 18:23

Andy

We've both been on these boards for years, and I rarely filter people, as I like to read all sides of information. And so I'm not going to filter you, because I sometimes agree with your comments. But discussions are two sided and I'm happy to make observations and to correct misinformation when it suits me, as are you.

Discuss away.....

[andy] 07/11/2016 17:25

janestone,

If you don't like my posts just use the filter button.

Shame discussion boards used to be for discussion..............

[janestone] 07/11/2016 13:26

SXX still has a near £900m market cap as one has to take into account of the underwritten placing at 20p and its bonds, which will convert at 25p.

[soulsauce] 07/11/2016 13:20

Yes Charles it was only a matter of weeks ago that SXX was touching £1bn.

[charles clore] 07/11/2016 13:16

Is this person for real? Justify the market cap he says? There are companies out there with market caps multiples of HMI's very modest £17.6m. Sirius for example has a market cap of £543m and won't produce anything for years whereas HMI is very very close to production. The troll should go and make mischief on the SXX thread where it is justified!

[kreature] 07/11/2016 12:48

fair enough....'help justify' - good luck

[soulsauce] 07/11/2016 12:43

kreature when you say justify the market cap have you taken in to account the other assets, have you taken in to account the mkt cap of SXX who are years away from any production?

[kreature] 07/11/2016 12:39

Hopefully the final permit on the permits will get approved, and hopefully there will be a customer to justify the market cap at some point. Thanks for all the info, and best of luck with all your bickering and confusion ; )

[soulsauce] 07/11/2016 10:33

It is the product and Maximus project that exceeding the company's expectations.

I will be very interested to see what the kimberlite turns up, although kimberlite can also be associated with diamonds ;-)

[janestone] 07/11/2016 10:15

I'd go by the vox interview, which stated that they'll be in production in the third week of this month, two weeks time now.

The rns also states: 'It is expected that this matter will be concluded this month'.

P.S. are you and Andy working as a tag team?

[kreature] 07/11/2016 09:59

Is there a bit of ambiguity in the RNS? Does 'this matter' refer to the inspection, or to the final trial mining permit ? Also, I know it seems obvious but does mining commence before the end of the financial year, or before the end of the calendar year? And how can 'Progress.......exceed the Company's expectations', if there is this delay in getting the license, and in completing the infrastructure work? and why wasn't the inspection scheduled for now, when the work was supposed to be completed?

'Trial Mining Permit'
'......presently Harvest is finalizing the scheduling of this inspection to coincide with the completion of the civil and infrastructure works. It is expected that this matter will be concluded this month.'

...............'once the DNPM have been to site, we expect to receive the trial mining permit and commence mining before the end of the year.'

[cfro] 07/11/2016 09:41

Good update imo. Just the trial licence needed which should come soon and hopefully by the end of the month. Cant see any reason why the wouldn't gain it.

[soulsauce] 07/11/2016 08:33

Such short-termism :-0

Still think they are going to have two different products, a bog standard remineraliser probably sold at $50-$60 per tonne and a much more enriched product sold for much higher.

"Agronomic Test Work

Harvest has received outstanding agronomic test results from Geosol Environmental Laboratory and the Campo Agronomic Laboratory. The two samples were split into different size fractions to simulate different products sizes. The results confirmed the material was inside the MAPA specifications for a 'remineralizer'. Furthermore, petrographic analysis has also confirmed there is no free silica in the product, which is significant, as free silica is considered a health hazard if inhaled during application"

[soulsauce] 07/11/2016 08:18

I think HMI are setting themselves up for a much bigger venture and hopefully this will indeed turn out to be Maximus. I am wondering what the significance of the kimberlite is?

[barnsey] 07/11/2016 08:03

Based on these results, Harvest has started further agronomic testwork and growth tests with two different laboratories and a major coffee producer in the region.

Nice to see interest from major coffee producer.

[kreature] 07/11/2016 07:58

Sounds like high rates of fertilizer application have been identified at the Varginha University. Understandable I suppose.

[andy] 07/11/2016 07:47

I agree,

I guess a bit of hot money may leave now, which creates an opportunity for others of course.

[kreature] 07/11/2016 07:40

one of those RNSs where you just think it may have been better to just say nothing, rather than that there is no mining permit in place yet. How long after the site visit before a mining permit is issued? 'before the end of the year' I suppose. Actually, 'It is expected that this matter will be concluded this month.'

[someuwin] 07/11/2016 07:39

Commenting on the update, Executive Chairman of Harvest, Brian McMaster stated:

"We continue to make very good progress at Maximus. The civil and infrastructure work has advanced according to plan and once the DNPM have been to site, we expect to receive the trial mining permit and commence mining before the end of the year. The agronomic testwork continues to confirm the suitability of the product and we are now able to start the growth tests as the final part of product registration. Progress is being made rapidly and continues to exceed the Company's expectations."

[tens machine] 06/11/2016 23:14

hxxp://youtu.be/WBKkb3bA-tk
Worth a look

[andy] 06/11/2016 22:37

Are we sure there is an RNS in the morning?

[rogerny] 06/11/2016 22:04

Ok yp! Lets see!! Happy to proved wrong!!unlikely though!