Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I have not read the details from the investor call yet, but always thought that V25 alone should get the SP back to new highs once the production figures come more predominantly from that bonanza area.
Very good dividend stock (long history) as well which is rare for Gold stocks.
GLA Sharegar.
I had this to say to TigerByTheTail on 16 Feb 2020 when EUA was only 7.2p. (from my historical posts).
"TigerByTheTail, pity you did not take the BullBytheHorn, and get some EUA."
Just to let you know that Tiger is not to be trusted when it comes to giving an assessment on EUA. Do not know what his motives are, I'm not really bothered.
A few months later there was an Institutional placement at 22.5p with no discount or Warrants and that can only be, that it was already well established that EUA was worth much more than 22.5p.
Good luck everyone at JLP. I am holding long term as I believe great things can and probably will happen for this Company.
Always said Tjate could be the icing on the cake.
Sharegar.
Magical_trevor,
The explanation for the lack of target was explained in the Crux interview.
https://www.youtube.com/watch?v=Rk75l35K-Wk
Certainly, the interviewer pressed Mark Hayhoe for a while on this point, but I do think it was reasonable that the commitment was not made by Harvest as it was acknowledged that Farmers were still evaluating the product and it would be unwise at this stage to give guidance and possibly mislead people (Hayhoe was given this advice).
He did state that customers liked the product and were expected to order in larger quantities as time moved on.
Hence the recent upgrade in our facilities to cope with larger orders.
Yes, we have been affected with local restrictions in the first half of the year through the impact of COVID in Brazil.
However, the outlook looks brighter for the remainder of this year and COVID is less likely to have the same impact next year with the roll out of vaccines.
Ongoing trials of KPFertil continue to be very positive, so I conclude that chances are we will do even better in 2021.
Lets see how things go for now and this time next year you can call me out if I am wrong.
We are all invested, so good luck to everyone that is prepared to give this company a chance and grow our market share and generate profits for hopefully a long and prosperous future.
Bopd,
On the Short position page for this site we also have this statement.
"We have no historical short position data for Harvest Mi (Di)."
Not all short positions would be public anyway, so I think your statement is a bit of a Red Herring.
I did put a question mark with regards to shorts, and maybe there should be one for your statement as well.
I would say this is the most significant part of Fridays RNS regarding funding.
Quote:
"We have completed an intense due diligence work programme to serve the financiers' procedures for their respective approvals of the Project start-up. This culminated last week with a site inspection and meetings with TKGM's site-based teams, the community and local government. "
The definition of "Culmination". (google)
the highest or climactic point of something, especially as attained after a long time.
"the deal marked the culmination of years of negotiation"
I do not think the officials were having a walk around the site as a form of exercise and I do not think this type of Charade would be taking place if it was not something our partners were wanting to happen.
The only negative is that I believe the much anticipated sign off will slip into the new year, but if you invest then you must be prepared for such delays in even the very best run companies.
Yes, I sympathise with long term holders but if this funding becomes a reality we have a terrific opportunity to make multiples on a stock that has severely undervalued top quality assets.
If Ethiopia does the business, I believe this will also be a massive boost for our Saudi assets due to renewed faith in Kefi Gold.
GLA Sharegar.
The share price is now showing a tidy and sustained 45% gain from the low of 1.83p in mid September.
I've noticed a bit more desperation in recent posts from the resident naysayers. Can only wonder what the motivation is for consistent negativity. Maybe, shorting this stock is not lucrative any more? well, maybe it is time to cut losses and close those shorts? Not the time to be a Rabbit caught in the headlights.
There has been plenty of progress this year (just refer to the RNS's its that simple), despite COVID and if my trusty compass is correct, the sales trend needle is pointing North wards.
The best parties are often the ones that are slow to start, but I've got my dancing shoes on, and who knows it could be a Moon walk.
GLA Uncle Sharegar.
I am Scottish and normally have a sense of humour but This board is not a joke thread.
I'm going right to the top to get a stop to this. Nicola Sturgeon will sort you lot out, alas if only we had Alex Salmond in charge it would never have happened.
Jcookec,
Nice summary regarding risk/reward. I look at it in a similar way.
A reminder of what the target is from Harvest Minerals Homepage:
"Great Economics
@450Ktpa EBITDA of US$21.45M
Sector average is 26.75 P/E
Equals a valuation of US$360M."
Not beyond the realms of possibilities considering the size of the market on our doorstep, and the growing reputation of KPFertil (over a range of produce) as can be validated from test results similar to todays announcement.
The year on year trend of our sales has been upwards and even the most sceptical of our critics must admit that the COVID effect on our sales earlier this year was not confined to Harvest Minerals.
Its a long term hold for me!
GLA Sharegar.
Hi Mikiesunday,
Thanks for your feedback. I agree with you about how quickly JLP have been getting projects up an running.
I think Leon was highlighting the significant difference between our cash generation timescale when compared to the long hard slog of traditional mining companies. I think Leon was probably including time from the inception of an idea.
The way I am thinking about JLP is a bit like a company who are able to bring a "mine" (tailings) into cash flow in a very short time and have minimal risk due the fact we are not having to carry out all of the risky steps (often ongoing) a mining company has to go through.
The JLP research centre is also a big part in reducing risk, because this important work gives a great understanding of any given process before it is taken to a commercial scale.
Hi Bamps21,
I'm sure large scale projects like the Newcrest one you describe are the types of projects that JLP would love to be involved in. Their reputation is growing and that makes it more likely the top companies will want to approach us.
Leon also pointed out that tailings are actually a liability for mining companies (e.g. environmental risk) and that is one of the main reasons they would actually approach JLP and not necessarily the other way about.
So apart from JLP doing very well from these sorts of relationships, our customer is also turning a liability into a potential asset.
This 0.63% Copper grade is certainly above economical grades in many mining projects, and do not forget to add on credits for Au, Ag and Zn meaning our Cu equivalent will be higher still.
Take this example of a Cu mining company recently interviewed on Crux investor.
Taseko Mines (Gibraltar).
The resource as stated on their Website:
Large Proven and Probable Reserve of 667 M tons grading 0.26% Cu and 0.008% Mo with 3.0 billion lbs of recoverable copper and 53 million lbs of molybdenum.
The Crux Interview:
https://www.youtube.com/watch?v=d_6C34eus8M
@7:20 he talks about the low grade at the Gibraltar mine.
So I conclude, that if we explore more and build up the size of our resource at Magellan I think it would be fair to assume that there will be an economical mine sometime in the future.
GLA Sharegar.
Bamps21,
Looking further afield is something that Leon has alluded to.
I watched the three Crux Investor interviews that Leon has taken part in.
He talks about how the expertise that Jubilee have is easily transferrable, and in these interviews the following jurisdictions are specifically mentioned by Leon: Namibia, Chile, Australia and if I remember correctly one or two more.
However the important thing to take away from those interviews is that the world is our oyster and Jubilee are the type of company governments like to deal with.
This is a story that is making money from cleaning up what other companies regard as waste and that is because these companies do not have the technical expertise to economically extract from tailings that Jubilee have grown over the years.
The sky is the limit for this company, and what makes it even more compelling is that is might only take 2 years to get one of their projects to cash flow, but if you are a mining company the same end point takes normally 10 years or more.
We have a situation now that can really have a snowball effect if we use our cash flow wisely, and I suspect we have the management that will do just that.
In summary, as time goes on we could go anywhere in the world and make money from tailings and at the same time clean up the environment, pleasing Governments who are all under pressure to make the world a greener place.
Instead of Jubilee exploring for a mine, the explorers final task is to bring the mine (tailings) to us!
The Crux Interviews:
https://www.youtube.com/watch?v=6ZMNrNAfBc0
https://www.youtube.com/watch?v=Zmw3wyPVKE4&t=4s
https://www.youtube.com/watch?v=HXi5xrWx3qA
GLA Sharegar.
There has been some discussion about Rowka, over the last day or two.
I think some people believed that he sold all his shares and some others were being mischievous by claiming that one of the most Bullish EUA holders was deserting after "ramping" the stock.
However, the main points from his last post on this board, I can remember him saying that he was leaving for good (and was going to arrange for his username and posts to be removed) but he still believed that the sale price that he forecast of £3.50 or more would be attained and he clearly stated that he was not going to sell his shares.
Does anyone else remember it the way I do?
Do you guys still see. M/c. In billions. One day?
Personally I do not think that is an impossible target. The Resource is world class and if as I suspect we are in the cusp of a Metals super cycle with all the money printing going on then why not.
Any rises in Metal prices from this point onwards would go into our bottom line and this is the reason why companies like Ironveld can have meteoric SP rises.
Ironveld has to secure funding and then slowly get into a cash flow positive and when dilution is not going to be a requirement then the dream scenario could come true. After all, there is then the potential for years of production and further resource increases.
Hundreds of examples are out there. Our day can come!
Patience and good timing are very important requirements that investors should have.
GLA Sharegar.
A question for someone with more knowledge than me!
Very often Resource companies are never allowed to go bust (Placings etc). What is the reason?
Is it because all those tax losses would be gone for ever more?
I am asking this because I was wondering if this financial loss that Ironveld must have built up over the years could be a very large asset to a company that may take us over.
So if I am correct about that aspect, does that not mean that Ironveld are very undervalued on that basis alone?
An insight to this would be most welcomed because I have often wondered why very few companies in this sector go bust even when they have no prospect of near term cash flow.
Regards Sharegar.
Just for a bit of clarity to Boom123 post.
The placing stands at 0.3p, however the following important change was outlined in an RNS after market on 27 Nov 2020.
Following the announcement on 26 November 2020 the Board has engaged with its major shareholders in respect of the proposed capitalisation of accrued Director salary / fees. The Board acknowledges that a substantial proportion of these salary / fees relate to periods when the Company's share price was higher than the proposed Placing Price and has therefore agreed that a settlement based on the volume weighted average price of the Company's shares during the periods in which salary / fees were deferred would be more appropriate.
This will result in the number of Director Settlement Shares being issued in satisfaction of the £780,900 of deferred fees decreasing from 260,299,999 to 52,774,570, at an effective issue price per share of 1.48 pence. Any deferred sums remaining due to Chief Executive Martin Eales and settled in equity at a later date will be similarly calculated.
To summarise, after dipping their hands in the PI back pockets the directors had their collar felt and quite rightly did not get their fees at a knockdown price of 0.3p and as a result this made a significant change to the dilution to shareholders.
At current prices I am holding and probably add more once funds are freed up.
GLA.
Stonk, just a tad harsh!
I for one have been reading GeckoLovesGreed posts with interest.
One of the many on this board that have given great insights to this company while we have been waiting for the big news.
GLA Sharegar
What an end to the week that was, all that Russian about if you know what I mean.
Anyways, seen it with my very own eyes. Dmitry was very happy to say the least, he shook hands on it and put pen to paper with the Lawyers by his side.
To make sure I did not get the final price wrong, I edged closer to have a cheeky look, but disaster struck. The table wobbled and the Crystal ball fell and smashed into a thousand pieces!
Ah well, not long now!
GLA.
Sharegar.