Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Has anyone actually audited this company properly ever?
Who says there are 60,000 tons of product in the storage sheds?
What if the shed doors were opened and there was just 10,000 tons left?
Can I ask a question?
Does anyone how what sales we need to brake even?
I understand sales are down just trying to work out the position so I can ride this out and top up a little.
As you can guess I hold these shares and have done so for many years and haven’t ever seen them this low before.
Thankyou for the reply , that makes sense now
Good luck
Only a matter of time now!
Good Look
The jump in asset value from 2021 to 2022 will be the newly built extended storage shed I’d imagine for the product, currently the storage sheds have 60,000 tons in ready to be shipped if buyers require.
I can’t find the link , I was reading about Russia then went onto something then onto something else , can’t find the route I took now but it looked likely from what I read
All I can fund is that they have operations in Brazil but nothing about expanding ?
Ouvidor is also home to an Anglo American phosphates mine. The company is now the second largest integrated phosphate fertilizer producer in Brazil, producing nearly six million tonnes of ore per annum. At current production rates, phosphates will continue to be shipped from the site for the next 40 years. Further expansion is planned through the Goiás II project too, which will involve searching for new phosphate rock reserves in the area.
The decade ahead promises much for Minas-Rio as well, when the first iron ore shipment is expected in 2014. Initial production will be 26.5 million tonnes of iron ore per year, potentially rising to up to 90 million tonnes in the future, should expansion be approved
Have you got a link to this please ?
I heard off the grape vine Anglo American are looking to purchase multiple fertiliser mines in and around South America , I wonder if an offer will drop here anytime soon
You are correct zcar , this does of course apply in both directions , we currently have miss laura trying to pump for a few pounds using targeted thread titles now that she is invested
Please could someone help explain what these assets may be ..is it equipment amd land
The net assets of the Group at 31 December 2022 were $9,713,742 (31 December 2021: $8,612,280) and its cash position was $2,723,509 (31 December 2021: $1,708,001).
Moving upwards now,I have added more
Sales are down in many companies and sectors, not just Harvest Minerals, if HM break even or make a small loss I think they will be doing well. the problem with HM is that there aren't many shares here so it is very easy for a small group of people to manipulate the sp especially when volumes are low, very lucrative business for some
We only managed to reach the last years target because of this aberration , that's if we count the 33k tons that were delivered one minute and not delivered the next.
I listened to the full recording of the Q&A yesterday. Some thoughts for what it's worth:
- "Last year was an aberration" due to the Ukraine/Russia situation - referring to the high level of sales as farmers sought to secure supply due to the uncertainty
- "We are focused on sales" and our costs are a lot about our sales team travelling around, but in another breath along the lines of "we dont need to do any research on who to sell to, we know who to sell to" ie. farmers in the area around the local operations in Brazil
When I knit all of that together I am left with the impression that this isn't a business with significant long-term upside. If they achieve decent annualised sales from the local farmers in the long run, then it should be reasonably profitable most of the time, and that may result in a dividend being paid at some point (though I dont hold my breath). But there isn't any indication here of real ongoing growth potential from my point of view. This is a local fertiliser supplier to some farmers in Brazil.
Add on BM's focus being split between this and Jangada Mines (stock price down 38% on 1 year trailing basis, BM owns 21% of that business). Add on the poor communication to the market - if last year was such an aberration of a sales result, then why enter this year with such bullish projections ? And then change them from one minute to the next - well run companies guide the market in a much smoother manner. Is he too stretched? Is his focus elsewhere?
I feel for the guy but this is business. There might be some value at this level, but there are also bigger and inherintly safer companies out there with better growth prospects and more solid management teams where I judge capital to be less at risk, so I decided to exit
I think I understand him, it sounds like he is continually trimming operational costs reducing the break even as they go so can’t give a definitive figure.
I think I understand him, it sounds like he is continually trimming operational costs reducing the break even as they go so can’t give a definitive figure.
I have purchased my first investment amd will look to add more
Thanks for the advice from everyone
So Swingy, I think I called this right for once. Nvidia is currently $433 per share. Harvest is 1.775p. If you bought all mine at 12p, then I think I made the right decision.
"SOYO. I did buy yours at 12p. I didn’t expect the RNS for H1 to be written almost intentionally negatively with no mitigation. I feel frustrated. I’ve no doubt that the price will recover but this company is hindered by terrible shareholder liaison and a lack of transparency. Brian needs to take a long hard look at his team."
Brian needs to do more than the above at this time! I keep tabs out of interest.
" As it was a sales order only, it may be part of the 70k expected to be invoiced and delivered this year. "
Cannot see how that can be the case as the only figures we have in an RNS is
33k carried forward
16,755 q1 sales
3560 processed orders
Surely the 22k would get a mention as the 33k did
'it may be part of the 70k expected to be invoiced and delivered this year.'
So you think they might be double counting and you're still bullish? Wow
Yes the 22k was only a sales order , It really should have been invoiced as they had told us only invoices orders would be published.
This is the probelm as I see it , I thinbk having told us 'only invoiced' would be published , they are mixing and matching.
The 22k should still be in this year and is a considerable sum to lose or be tol;d we had when we never did.
Do investors have faith and trust in the board?......When are profits likely?
It rather looks like it's vanished given only 3,560 tonnes were invoiced in Q1. Cancelled order?