Harvest Minerals Share Discussion Threads

[soulsauce] 20/11/2016 11:43

kreature they have contractors doing the digging, the associated equipment will be theirs.

[kreature] 20/11/2016 11:22

Have they bought the digger yet, or is it just the hire digger being used ?

[ieh fan] 18/11/2016 19:12

What, the next RNS with the placing that you suggested weeks ago?
No, I think that the major coffee producer who's trialling the product and ticking the permit boxes is probably their focus.

[kreature] 18/11/2016 17:46

Have they found a customer yet? or are they too busy reading the bulletin boards and composing the next RNS ?

[ieh fan] 18/11/2016 14:19

Due end of the month.

[bckttsim] 18/11/2016 09:51

Any time , then start of production .This is set to rise . IMO

[charles clore] 18/11/2016 09:39

Now where is that permit news? Next week perhaps...

[ieh fan] 17/11/2016 14:56

No, it couldn't.

[stevenrevell] 17/11/2016 14:45

We are not doin good ere this could drop a lot more yet ?

[charles clore] 17/11/2016 13:22

Maybe forced selling to meet margin calls on other investments.

[mrphiljones] 17/11/2016 13:06

Possiably i just read as they'd off'd another 1%.....

[soulsauce] 17/11/2016 13:05

Aren't Milton just swapping to one of their other funds?

[mrphiljones] 17/11/2016 13:00

Miton below 6% now.....

[ieh fan] 16/11/2016 18:40

Well, that one has. Could be Miton so might be more to follow that.

[charles clore] 16/11/2016 18:02

ieh fan - so it's finally cleared then.

[ieh fan] 16/11/2016 17:30

500k sell from Monday just popped up. Explains why we've been stuck in a holding pattern the last few days.

[charles clore] 12/11/2016 12:27

Good point soul. I also feel that Mirabaud has been very conservative throughout the note particularly regarding production figures and ramp up. I feel that HMI can and will outperform in this area but it depends how many of the 50kt trial productions they can roll out and sell each year so we will have to wait and see. I like the fact they are not leaving the initial mining to chance but employing a contract miner. I feel this eliminates much of the risk in the early stages and allows them to build a healthy cash reserves for the much bigger HMI owned mine and processing plant further down the line.

[soulsauce] 12/11/2016 10:13

Love this bit:-

The samples showed excellent solubility (the ability of the product to be absorbed by the soil) for the phosphate and potash content (50.4-53.4% and 91-95%, respectively), which means that the usable content of the DANF product could be the highest in comparison with competing products (eg. EKOSIL a potassium only product which sells for ~US$70/t has a solubility of just 1%). The solubility tests were made in a 2% citric acid which is close to the natural acidity levels of the Cerrado area in which the product market is located. In other words, for every 1t of fertilizer applied to the field, Harvest’s product releases ~38kg of K2O which compares with just 0.8kg of K2O from the EKOSIL product. Thus, Harvest will produce a ~50x more effective product (Arapua’s effective rate of ~3.8% vs. EKOSIL’s ~0.1%).

Meanwhile, metallurgical test work carried out by ALS Global laboratory in Australia and SGS Geosol laboratory in Brazil indicates that the higher-grade potash material from Maximus can be significantly upgraded using simple, low-cost wet sieving, creating two lines of fertiliser product. Two of the higher-grade potash samples (>4.6% K2O) showed that wet sieving would divide them into two products: roughly a quarter (by mass) at a ~30% higher potash grade and three quarters at a ~10% lower potash grade. These test results are clearly positive, and give us further reassurance that Arapua will yield a saleable product. Although Harvest is not currently planning to upgrade its product (initial sales will focus only on dry product), the metallurgical work shows that a low-cost and almost capex-free upgrade is possible, enhancing the flexibility of the operation in producing a range of products attractive to local markets. Equally important Harvest has the necessary resources to support such an initiative.

[ieh fan] 11/11/2016 20:51

They're assuming a lower-than-average price for our premium product and applying a (pointless IMO) risk factor.
I think they expect the share price to reach 45p before our revenues warrant it. Let's call it the SolGold (or Cloudtag, if you prefer) factor.
For some bizarre reason, they don't include the outstanding warrants in the figures (or are they already factored in to 99.7mil float?)
They also don't make mention that it moves like a stabbed rat when just an ounce of buying pressure is introduced.

I liked this bit most:
Harvest is currently testing its product with a major local coffee producer.

Second best bit?
'The information being furnished is for distribution to Major U.S. Institutional Investors'

[shakeypremis] 11/11/2016 20:44

So mirabaud have a target of only 45p which will only be reached after about 3 years due 350kt/annum only being reached after 3 years.

[shakeypremis] 11/11/2016 19:09

Cheers mate