Member Info for bopd

Zalathedog& Barcingmad I tasked my Brasilian,Portuguese speaking farm manager to contact GB to ascertain what price and delivery they could supply KPfertil. I have been reserved in my comments until now but my manager was particularly scathing about the lack of service to the point of stating that she was too busy to chase an uncooperative supplier As to the comment about contacting an HMI director why would I bother If I need petrol I go to the filling station I don't call the boss of BP. In any event what do you think he will say? I am certainly not a buyer of either product or stock at this time although I will follow because as I have stated before the basic fact of cost of production v sales is very tempting BUT I feel we are missing something crucial I am waiting for a significant and verifiable announcement from HMI or I will wait until the next financial statement

Wingover Your assumptions are correct I would,however,add that Agrocerrado were very efficient with their info and quote.KPfertil is also featured on their websiteMy agronomist advised that I could find a cheaper locally produced product to satisfy our requirement. The latest agent reported by HMI ,Geo Bio,do not feature KP on their website and my manager still has not received any relevant info despite sending emails,leaving messages on Facebook and telephoning numerous numbers over a 2 week period

Barcingmad Because I think the fundamentals are very very promising and I am trying to justify investing myself however my in country research keeps coming up with negatives. I am just letting you know my findings and welcome your comments. I do find it concerning when an announcement is made appointing a new agent and then finding no information on their website and receiving no response when my manager asks for a quotation. Read my previous mail

Wingover I am English Is it unusual for an Englishman to have business internationally?

For your info:
As an owner of 2 small farms in Brasil i first heard of Harvest Minerals whilst we were researching organic fertilizers for use on our grazing land.This lead me to,amongst others ,this web site.My initial interest was as a potential user of the product but i also became interested in the stock primarily as a result of so many positive comments on this BB.
I decided to do further research and step one was to ask Harvest's first appointed agent for an analysis and pricing for KPfertil. Agrocerrado replied very efficiently with a detailed analysis and a quotation. I passed this to our agronomist who commented that for our use there were cheaper options available locally for what is a basic remineraliser.

.I continued to follow the stock as there appeared to be some upside potential.

I was encoraged when i saw the news that another agent/ partner had been found in Geociclo Biotecnologia.
We visited GB's website but found no reference to KPfertil,please check yourselves. Approx 14 days ago my Brasilian ,Portuguese speaking manager attempted to contact them with contact details supplied on their site. We received no reply from our email,the telephone number had a recorded message requesting that you advise in what you have an interest. No response has been received from our enquiry on their Facebook page.After trying almost all the phone numbers listed on the web site we finally obtained a further email address. We sent another mail and received a reply from Hipoliti Reis da Silva advising us that a Miguel Henrique Rosa Franco would contact us with all the info required. We are still waiting for Miguel to get back to us.
I can only presume that Harvest's announcement regarding GB was premature as the people on the ground dont appear to have any knowledge of the product .

Presidential elections in October ,followed almost certainly by protests and unrest in the aftermath

When this share was trading at +/- 16 there was a tremendous amount of ramping up ,press releases,media interviews,direct company comments on this platform and statements pushing the price to 23+
Then on 11 jun it was announced that 9.7 million had been raised .Since that time everything has gone relatively quiet and the stock has drifted down and is languishing at its current level .

The only relevant news imo since the placement was the awarding of "performance "shares to the directors and senior management.

What has happened or is planned for the 9.7 million.

The equipment on site(processing plant!) which can be seen in the video posted by Optimistical 1 yesterday probably cost in the region of 50k only. You might also note on this video ad from the machinery supplier that equipment is usually financed 48x ,which is common in brasil and means you pay in 48 monthly installments.

The other concerning factor is that the most common way for large agricultural producers to pay for fertilizer is by barter whereby the fertilizer provider takes produce when the crop is sold, this is either done direct or through intermediaries. Does HMI have such a facility in place? If so what are the details as this has an obvious effect on cash flow. If they are not prepared to barter then they will be precluded to selling to many end users

I believe we need much more detailed info as to where this project is actually going and at what point individual investors will benefit

I understand that end users,agents and suppliers will not be effected by any currency fluctuations but i assume that HMI will want to repatriate most of their projected large profits which will be in Reals

It is at this point that the problem arises if the Real is seriously devalued.

How does that effect a sterling denominated share price

Considering that KPfertil is a very basic remineralizer and not a sophisticated fertilizer its main and probably only real appeal was that it could be supplied at a very competitive price

HMI might like to try to increase the price to reflect any devaluation in the R$ but i am sure this would be rejected by the
agents,suppliers and end users

What exchange rates are you using for Reals to Dollars to Sterling share price

Heineken have just taken a major hit due to the devaluing Real as has numerous other companies operating in Brasil

when HMI did there initial projections the Real was at least 25% stronger

Did you answer Comcas question regarding where you think the share price will be at the beginning of October ?

What exchange rates are you using for Reals to Dollars to Sterling share price

Heineken have just taken a major hit due to the devaluing Real as has numerous other companies operating in Brasil

when HMI did there initial projections the Real was at least 25% stronger

Did you answer Comcas question regarding where you think the share price will be at the beginning of October ?

www.process-worldwide.com/eurochem-opens-another-fertilizer-plant-in-brazil-a-735569

Was your last post serious

i seem to have seen the same story from you for months now.

The needles stuck.....Mapa soon ,orders soon ,share price 30p or maybe 45 .....

I am not knocking the product or in fact the team ,its just you dont seem to understand Brasil

Was your last post serious

i seem to have seen the same story from you for months now.

The needles stuck.....Mapa soon ,orders soon ,share price 30p or maybe 45 .....

I am not knocking the product or in fact the team ,its just you dont seem to understand Brasil

Glad you liked the history lesson

So if it is not the bureaucracy,biz enviroment and politics the only thing left to account for all the delays and promises is the inefficiency of the board and the sales team

If all had gone well this share should be way above its current price

It is obvious from the postings on this board that none of you understands the complexities of doing business in the agricultural sector here in Brasil. It is a bureaucratic and political nightmare.
For so many years the Ruralistas held tremendous power and influence but recent corruption crackdowns has meant that we are bearing the brunt of knee jerk reactions where every decision is scrutinised into oblivion and everyoner is scared to make a decision

Interesting report , not sure how much effect if any it will have for HMI
but what is relevant here in Brasil is how HMI or Agricerrado will handle the barter system which is prevalent in the ag world here
https://crugroup.com/knowledge-and-insights/spotlights/2018/drop-in-safrinha-corn-area-will-cap-brazilian-fertilizer-demand/

If you guys are into Fertilizer and Brazil you may want to look at Origin Enterprises who have just purchased proven reserves with MAPA accreditation

Your posts are both intelligent and informative but can you please tell us what your relationship is with HMI I ask because you have now used the words "us " and 'we " implying that are part of HMI or associates

Dr Neil,you are perfectly correct. i have always stated that i graze horses only i do not grow any other crops. I rotate my fields using 50% for grazing while i rest and treat the others. My agronomist is contracted to advise me only and i purely reported his findings for my situation Others on this BB like to construe my comments to suit their own needs. As i operate farms and business in Brazil i have more concern for the overall political stability, economic prospects and more importantly the ever decreasing value of the Real. No one has yet answered my question as to how the currency situation could effect share value on the LSE Brazil has fantastic potential but history shows us it is seldom realised The Brazilians have a very relevant saying which translated is "Brasil has a wonderful future and always will have " Once again i applaud you for your intelligent posts