Member Info for JASON99

More mouths to feed or a positive sign?

Wonderland even

I do known that this is no Alice in Wonderkand company

yes, coiled spring...but this will continue to drift the longer we await MAPA

Agreed, we're all waiting for MAPA. The whole world's waiting for MAPA!

Anyone with a bit more agribusiness knowledge than I possess have any idea how much kpferil a farm would/could use annually? Obviously it depends on farm size and crop, but it would be helpful to estimate what the order sizes might be. If there are 20 farms already interested, is this 20 tons, 20,000 tons or more?

Yes, nothing new on the call, but it was the quiet optimism that impressed me. Without hyping HMI’s prospects, Brian casually mentioned how they will have to decide what to do with the cash from Arupa - either pay divends, invest in current projects, or acquire new ones. Nice dilemma to be faced with.

I am not worried about MAPA - the company is powering ahead with sales and expansion without it. Still, I'm sure we'll all feel a lot better when it finally lands.

odd that there was noting on MAPA

more than 20 farmers ready to buy the product Immediate focus is to build Arapua. Cash will allow us to develop other sites, acquire other assets, or pay dividends, but those decisions haven�t been made yet Full mining license � we have to show we have an economically viable project. Govt. then gives approval to make an application. Clearly we do have a viable project. We expect to receive their response in Q2, at which stage we are given 12 months to lodge application. We are not fussed to apply, because we must then pay $1 million to �vendor of project�. We are deferring paying the $1 million. Trial license has no cap on quantity and it lasts for four years. We are 12 months into that 4 years. We will probably apply for full mining license sometime the middle of this year and receive it the middle of next year. We do want to remove the ambiguity of us not having a license. Are we expanding drill program? There is no urgency to do it (at Arapua). We may drill a few more holes to confirm the extent of the site and potentially for expansion. Drilling is cheap, tens of thousands of dollars, won�t require a placing. Sergi project is a Potash asset in north of Brazil. Next logical step would be to drill two or three more holes and expand scoping study. Asset is 1000m deep, so drilling is expensive. We will stockpile cash and then make a decision to move further on Sergi.

I joined a few minutes late and think first question must've been on MAPA, did you hear the answer?

I plan to dial into the non-conference conference call this morning and will post any salient details, though HMI has already said they will not discuss any new material info on the company. Still, should be fascinating!

Ha! apparently not. Well, thanks for providing the rest of the url

yes, that was a comprehensive post. Also, there's a shareholder conference call tomorrow morning, so your timing is good.

wow it really won't let me share the link. Check on twitter, a few people have posted an elevator pitch that's worth watching

**********

the missing part of that url is **********

This is as good a start as any https://www.**********.co.uk/company/HMI/details/#about

interesting article, thanks for posting.

And look at the volume - almost a million shares traded at we're only at 10:30. Last week, it trading a million a day...