The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I'm at peak frustration with this share - could be a sign things are about to get better. Good weekend all, let's hope for better days to come with old RedT.
"Shares in Aim-listed fertiliser producer Harvest Minerals blossomed after it revealed a �1.5million deal with one of Brazil's leading garden supply firms to provide 36 kilotons of natural fertiliser. Brian McMaster, Harvest's chairman, said: 'This is truly fantastic news and proves we have a commercial product that is in demand in one of Brazil's premier agricultural belts.' Its shares flew up 10.5 per cent, or 1.85p, to 19.48p."
Yes, this sale is great news. Interesting that it’s to a distributor and not directly to a producer - could be a better long-term strategy and eliminate (or greatly reduce) transport costs. Also sounds like this could be an ‘appetizer’ - 36t is only about a month’s production, but still a good sign and must now make MAPA a dead cert, if there was any lingering doubt.
The optimist in me says MAPA will send this flying, but the realist thinks MAPA is now partly built in and we’ll struggle to hold much over 20 unless the announcement is accompanied by sales. In any case, with MAPA it’s a whole new ball game.