I suppose now they don't have the world's most useless accountant (now they don't have one at all) they might get them done a bit quicker.
sales plus cash - desperate for lower price - Trevor plus slift and quisad .
The old lags here will be familiar with hmi projected dates for reporting sales. as in they have always been late with usual crap excuses. I see the newbies haven't be put off/silenced .. a late reporting with or without crap sales will accomplish that. come on hmi .. don t disappoint me. (said bitterly))...
of course they re taking same salaries (and unitemised bonuses and expenses) even though the real has collapsed against virtually all currencies and hard currency goes much further. Besides the general incompetence and greed that would explain the shocking profitability situation. By the way the $7 us or aux was not for 320kt of dust Slift but I can t be bothered to dig up the relevant rns.
Slift you're confused between us$ and au$. Either way the management have treated hmi as a piggy bank
they've been incredibly slow to build a shed if that was what was needed to produce/sell enough dust to make a profit. havent heard of the "concentrated product" for last year or two.. have we, though it s mentioned in the rns . I could go on. they were talking about $7 per ton being cost of sales. after their ? bonuses that went out of the window. investors who ve seen their announcements and watched their videos and other shenanigans have lost trust ages ago. And that is all down to the company. Something of a miracle - like a Christmas carol perhaps, if they actually become a proper company.
My recollection is it was maiden profit (which was a loss of course). On the subject of research perhaps you d like to comment on this ?Wed, 26th Sep 2018 07:00
RNS Number : 9249B
Harvest Minerals Limited
26 September 2018
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
26 September 2018
Harvest Minerals Limited ('Harvest' or the 'Company')
Question and Answer Document
Harvest Minerals Limited, the AIM listed fertiliser producer, is pleased to release this Q&A to publicly answer questions the Company has received from shareholders over recent months. The questions are repeated here as they have been asked and we have grouped them into broad categories for the ease of reference only.
OPERATIONS
Is the 320Kt pa current plant capacity based on 8, 12 or 24hr production and can it be scaled up by simply increasing man hours or is its storage/ plant the limiting factor?
The 320Ktpa production capacity figure is based on three x 7.5-hour shifts, 5.5 days a week for 50 weeks a year. That schedule includes 1.5 days per week for routine maintenance and is a commonly accepted industry shift rotation for an operation as simple as ours. As we have said previously, to scale up production further, we will need to install another processing line which is a relatively straight forward process that should cost ~US$1m and take circa 3-4 months to fabricate and install. There are no limiting factors to expand capacity.
Will you need to do any further work at the plant?
No. The plant is fully operational. We have the option to switch our power supply from generator to the national grid. The infrastructure is in place for this and we are awaiting the power company's technicians attending site to facilitate the transfer, which we expect to happen this year. Once we have been connected to the national grid, we have no further work planned at the plant.
"Old lags" here will recall the forecast of a maiden profit last year...
Slift why are you considering this announcement in any sense significant except as another example of behaving disgracefully ?
14th Jan:
"29. Question: Can you clarify the dividend policy?
Answer: We intend to provide the market with a more detailed announcement covering this in due course. "
'slith it s been one long stumbling block and false dawn after another after successful initial media offensive.
I think there are problems with the product being too bulky they may find or have found a particular market that is profitable for all concerned.
The Covid excuse was not borne out by the performance of at least one other remineraliser company who increased sales. I. did mention that major shareholders should be contacted to put the irons on the management to curtail salaries but I would nt put it past them finding a way round that. just look at the expenses, none of which have been itemised as a proper accountant would do.
Slith, I think it s disingenuous to say I was in a state and it had nothing to do with your perception of my overall investments.. When I say false promises I should say false prospectus, (agrocerrado and geociclo to name but two) but I would add that readers of the infamous "tweets" (by twats) will be familiar with the emotions they elicited by appearing to state positive news but then on close examination amounting to very little at all i.e. it was a marketing exercise.
sliv I ve done well this year, predicted stock market crash, and oil shares (?? haha ) . HMI has been my worst investment, the management hasn't changed so I would be surprised if they can get their act together. Geociclo , false promises, greedy bungling management evidently don't worry you but I can guarantee you would if you'd been here along throughout, It may be turning the corner but it could also be another mirage, which we are about to see when they eventually produce figures.
'sliv Your posts have been ignorant of the news we ve had over several years which has been grossly misleading from the company. hence I tore a strip off you and your ilk when you have a optimism backed up by greed and smugness. You seem to think you know a lot about companies but the shares you have been supporting/ramping have done pretty badly overall. I don't wish to add to my holding here, my average is around Bopd s and have seen enough bs from the company not to want more foolish optimism.
Rather wishful thinking sliv. You being here could bring bad luck to the company rather like the other companies you gabber about
Mention of h**hoe henceforth banned from this board along with his excuses especially by blowins. I wonder what astounding disasters he is currently overseeing..
looks as though slift is hoping for a lousy update so he can add to his holding ? rather unusual.. permission granted on this one occasion
to quisbag to make sarky comment..
read the messages by newbies. sickening load of greedy drivel not backed up by any relevant facts. None of you know the "sales" levels much less any actual cash received, so you might as well shut up until then
And how many outstanding warrants on pro shares are there ?
How do you get figure of 280m ? Surely the share price is combined group is guesswork ?