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Pin to quick picksHarvest Mi (di) Share News (HMI)

Share Price Information for Harvest Mi (di) (HMI)

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Share Price: 1.85
Bid: 1.70
Ask: 2.00
Change: 0.00 (0.00%)
Spread: 0.30 (17.647%)
Open: 1.85
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Low: 1.85
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AIM WINNERS & LOSERS: Harvest sales surge; Sunrise ends project talks

Tue, 08th Mar 2022 11:11

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Harvest Minerals Ltd, up 23% at 14.08 pence, 12-month range 2.65p-14.25p. Hits 12-month high after saying sales orders in January and February total 30,161 tonnes, a multiple of internal forecasts and already equal to 35% of all sales order in 2021. Chair Brian McMaster says: "2021 was a pivotal year for Harvest as demand for our product increased and the company became profitable. During January and February 2022, we saw that momentum continue strongly with an upsurge in orders in February as farmers recognise the benefits of KP Fertil, which has now been certified as a fertiliser." Harvest is "well advanced" on planning stages for an increase of capacity to 200,000 tonnes.

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Metal Tiger PLC, up 14% at 20.28 pence, 12-month range 17.75p-32.50p. Says investee Armada Metals Ltd starts diamond drilling at the Nyanga project in Gabon. "The diamond drilling programme of up to 3,000 metres will target Armada's highest priority Ni-Cu targets along the Libonga-Matchiti trend at the Nyanga project in southern Gabon," Metal says. Metals holds about 14% stake in Armada.

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AIM - LOSERS

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Sunrise Resources PLC, down 27% at 0.14 pence, 12-month range 0.14p-0.27p. Sinks to 12-month low after ending talks with unnamed cement and ready-mix company over potential joint development of the CS natural pozzolan-perlite project. Had been providing samples for commercial testing, which it says showed commercial application of company's natural pozzolan as a substitute for fly ash and cement in concrete.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Harvest Minerals shares up on KP Fertil orders update

Harvest Minerals Ltd - London-based fertiliser producer with operations in Brazil - Says 2023 orders for its direct application fertiliser, KP Fertil totalled 34,880 tonnes, of which 28,707 were invoiced. Notes that approximately 8,469 tonnes of placed orders were cancelled at the end of September due to unforeseen issues. Looking ahead, Harvest Minerals expects 70,000 tonnes of placed orders for 2024 despite lower demand. "Given the historic expectation that approximately 80% of sales are seasonally placed in the second half of the year and, factoring in the orders placed up to the date of this press release, we are setting a guidance target of 70,000 tonnes to the year of 2024 and will keep the market informed of the performance as we advance the year," it says.

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Harvest Minerals Ltd - London-based fertiliser producer with operations in Brazil - Says orders to the end of September 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 the end of December. Expects further orders to be placed during the fourth quarter of 30,000 tonnes. Forecasts fertiliser demand to improve during 2024, but says uncertain market conditions are expected to continue throughout 2023 and at least the early stages of 2024.

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Harvest Minerals updates on challenging year for fertiliser sales

(Sharecast News) - Fertiliser producer Harvest Minerals updated the market on sales for its KP Fértil product on Monday, reporting that as of the end of September, it had received orders totalling 40,000 tonnes.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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