Member Info for Sharegar

RJthe3rd,
Could not agree with you more!
The amount of Resource in ground is massive compared to our share price. You just have to imagine the potential profit this company will generate once Nickel is priced significantly higher (QE Infinity....can only help).
At a certain point the increase in Ni price will be pure profit.
They thought people were fantasists at EUA less than a year ago when SP was 0.45p (now 21p and higher still expected for takeover).
The strategy of this company is more transparent with the inclusion of Adam Habib. The new investment in Iron Ore (great move), dilution should be much more limited and maybe a thing of the past. If that is the case, then that will allow us maximum benefit in a coming Nickel Bull market.
As far as I'm concerned, this company has resources that have the potential of making it a $1+ Billion Mcap company when the time is right.
DYOR GLA.
Sharegar.

Good question Emmystar,
Also with regards to AGM. How much will the company be allowed to reveal about FSP as I'm sure people will ask questions that they will like to answer but may not be allowed.
What other subjects will be discussed? Resource update? Conformation of a bid? More info on Licences that could add even more value?
I would think there will be many curious questions and no doubt a few little hints could be on the menu.
Could this be the time to reveal a bid and then call an EGM?
So many questions.

magical_trevor,
For a company like this, the cash position is decent.
Remember a big outlay of £1M was paid for the Licence and they have spend a modest amount on increasing capacity (not a bad idea) and they have carried a cost cutting exercise. As far as I can see, they have laid the foundations now they need to deliver by increasing sales.
They have previously stated that they have enough cash for general running costs for a couple of years without being forced to go to market.
So for a company of this Mcap, I would say that is decent.
Off course I do not rule out a capital raise, but like I say it is possible that they become cash generating this year or next so I would not be so certain about that either.
I know some people are feeling negative about this company based on the share price trend, but the Stock market is swimming with hundreds if not thousands of companies that looked hopeless at some point in their lives, if you were judging them on their share performance in a given time.
GLA.
Sharegar.

Sharechance,
I also suggest you have a look at the Crux interview from a few months ago (easy to find on You Tube).
The reception of the interview on this board at the time was quite mixed, but if anything I think it shows the potential upside for this company assuming things go as planned.
Considering the decent cash position of the company and the chances (in my opinion) that the worst of COVID has passed, then it is my opinion that the upside potential of this company far out weighs the risk of some share dilution in the future.
With a bit of luck we could get good news on the next update. If production increases to a certain amount, then suddenly we are cash generating and that could lead to multiples of current SP.
They recently increased capacity for production at low cost, so there are positive signs as well.
DYOR.
Sharegar.

Sharechancer,
The following permit was an important one at the time.

Award of Full Environmental Permit
Mon, 4th Nov 2019 07:00

RNS Number : 0624S
Harvest Minerals Limited
04 November 2019

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

4 November 2019

Harvest Minerals Limited ('Harvest' or the 'Company')

Award of Full Environmental Permit



Harvest Minerals Limited, the AIM listed remineraliser producer is pleased to announce that the Brazilian Environmental Department ('Superintendencia Regional de Regularização Ambiental' or 'SUPRAM') has issued a full environmental permit for the Company's Arapua remineraliser project.



The permit allows the Company to mine and process up to 400Ktpa which can be further increased when required. In addition, the Company has been granted permission by SUPRAM to further increase the size of the run-of-mine ('ROM') storage areas and clear some other areas to assist production as required.



The award of the full mining permit by the Agência Nacional de Mineração ('ANM') is expected to follow in due course. Meanwhile the Company continues to operate unhindered pursuant to its current trial mining licence, which is valid until Q2, 2021.



Brian McMaster, Executive Chairman of Harvest stated, "As a producer of an organic product, we are very aware of environmental considerations. Sustainability is a key consideration for Harvest and we aim to have minimal environmental impact. Our production facilities don't use any water nor produce any waste. Additionally, we are looking at other initiatives to minimise our environmental footprint going forward. In addition to the environmental considerations, it is important that the permit allows us to produce at a rate above current name plate capacity and also that SUPRAM has consented to the ROM and storage area expansions. As we announced recently, we are increasing production areas in anticipation of next year and beyond and having the environmental consent to move forward is very important."



This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

This company is really starting to take off with ever increasing profits including extensions to life of tailings etc.
Who knows what other lucrative projects will be lined up in the coming years. Potential competitors would first have to develop their own technology at great expense before competing with us, thus giving us time to react.
The expertise that this company has for economical extraction of a basket of metals from tailings (or waste) will be in strong demand in our new environmentally friendly world.
Is it possible that this company can transfer its expertise to more and more countries? Possibly accelerating growth by setting up Royalties/Streams at no risk if foreign operators want a piece of the action.
After all, there are massive amount of tailings on surface the world over just waiting for a company like Jubilee to turn it from ash to cash.
Does anyone think this is a viable plan and if so then how massive could this company become given time?
Lets not forget that sleeping giant Tjate platinum Project as well. After all in had an NPV of $1.1 Billion in 2012 and it has an exploration target of 70M Oz PGMs.
Do not be surprised if the Bull market for metals is much bigger than the aftermath of QE 1,2 and 3. I base that on the fact that QE 4 is bigger that 1-3 combined. The Fed are more serious in their threats regarding inflation this time around, so why should we expect a different result from last time, with regards to commodity prices?
GLA DYOR.
Sharegar.

It could go on for another couple of months after first offer.
Read up on Lionore from 2007 and Guyana Goldfields this year (Both were taken over in bidding wars).
Both had initial offers that ended up in a sale much higher than the first offer.
I am sure there are many more examples, but these two are the ones I've read up on recently.

Eric has been doing a great job in these interviews. His strategy is clear and logical and you can see he is passionate about the company.
I think Shanta has never been in better shape fundamentally. The rising Gold price is just the cherry on the cake.
The management and directors own roughly 10% of the company and they have industry leading connections from previous positions. If we do have a takeover at some stage, then maybe the UBS connection could be very handy indeed.
The company has never been in such great shape in terms of cash position coupled with increasing cash flow.
Looking forward to updates specific to Kenya. It's going to be very interesting.
GLA DYOR.
Sharegar.

The starter pistol went off, but its a false start.
Oscar has only been shot on his little toe by mistake, so no lasting damage.
However it was very interesting to note how the Ironman sprinted out of the Blocks with a 50% gain in such a short time.
Ok, back to the starting line for now, but I think we now know what the explosive potential is once the race starts for real.
A little more dilution (we already knew it was 0.42p months ago) and a couple months more to wait, but otherwise the progress is positive according to the board.
GLA

Thanks Fortitude for pointing out my mistake in pricing the Iron at far too low a price. (we have HPI).
So Instead of concluding that we have >$13B of Saleable metals in ground, the figure is actually more like >$20 Billion and rising which is even more reassuring.
GLA Sharegar.

No, a sign is those things at the side of the road.

Hi Davethedumplin,
I'm not able to answer your questions, but for me this is a speculative bet, there are certainly many uncertainties.
I am assuming that after one year of Strategic review that has not been helped by COVID, the chances are that Ironveld could have carried out placings to keep ticking along.
However the improved chances of Raising funds by including IIG as a substantial partner could be a far better route despite the amount of dilution at a lower SP of 0.42p (from previous RNS).
If this plan is successful, the value of the asset could be realised from the Ironveld point of view and if SP goes to multiples of todays share price then the dilution would have been well worthwhile.
So it is really on this basis that I am taking my position as well as my general optimism for commodities in the ongoing QE Western world.
GLA DYOR.
Sharegar.

napthman1,
That is an excellent point regarding Silver.
We will benefit at an increasing rate if Eric Sprott is correct about the Silver ratio getting much lower compared to Gold.
History is with us on that trend.
GLA.

I should also say that the statement continues:
A definitive Feasibility Study published in April 2014 confirms the project's viability to deliver an exceptionally high-grade iron product (99.5% Fe) called High Purity Iron which commands a premium in the market place. The shallow mineralised resource of 56.4 million tonnes of ore grading 1.12% V205 is approximately twice the grade of other Vanadium resources that are currently being mined and processed within the Bushveld Complex. Ironveld plc is an exploration and development company incorporated in England and Wales and listed on the AIM of the London Stock Exchange.

The Bushveld is a metallogenic province covering approx. 66,000km2 in the north of South Africa. It hosts many mineral deposits, including platinum group metals, Vanadium, Chrome, Palladium and Rhodium.
….and there it ends.
Attractive grades, shallow and a definitive feasibility study published in 2014 means that this should be a very good asset in a rising commodity environment we see today with currencies being devalued at unprecedented rates.
I'm taking my chances on this being a positive outcome. Much more upside potential than downside risk is my humble conclusion.
DYOR.

Just to clarify my earlier post.
The following statement is from the home page of Ironveld:

Ironveld has a High Purity Iron, Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province South Africa. This project has the potential to become a vertically integrated vanadium mining and processing business serving the increasing demand for vanadium in steel alloys and vanadium redox batteries.
The company holds unfettered rights to:

80 million tonnes of magnetite ore - the JORC compliant mineral resources demonstrates holds 1.6 billion pounds of Vanadium, the equivalent to four times annual global demand
32 million tons of High Purity Iron in situ
9 million tonnes of Titanium

According to the Ironveld Website the saleable materials contained in its Magnetite ore would amount to 30M Ton of high purity Iron/1.6 Billion Lb of Vanadium/9 Million Ton of Titanium.
If the Iron is $107 US/Ton and the Vanadium Pentoxide is in the region of $6/Lb and unfortunately I have not been able to gauge the Titanium Dioxide price then I come to the following conclusion.
Iron Value: $3.2 Billion/Vanadium value:$9.6 Billion and can only guess the Titanium Dioxide value will be >$1 Billion.
So if my rough calculation is correct, the total in ground value that Ironveld has would be in the region of $13B+.
It strikes me that the Ironveld Market Cap is disconnected from reality.
Hopefully we will be much wiser about how it will all pan out by the 30th September. I am quietly confident that the many Months of planning with multiple interested parties will propel the SP up to a much higher level that is worthy of the Asset.
Please note: I am happy to be corrected on the figures I have given as I find it hard to get reliable information partly because of the different range of purities involved for such Metals.

GLA and DYOR as always.
Sharegar.

Well there is a horses head at the bottom of my bed,
Sorry, forgot for a minute I am a horse.

ferg.gg
I do not know what it means, but if the page includes all the ongoing Takeovers there would be a vast majority that are not settled. So why would EUA be listed?
I was wondering if there was an offer, but they do not reveal the bidder so that the bidders stock is not affected if unsuccessful.
But I just do not know what it means.
Can anyone explain?

A formal sale process (FSP) is a sell-side sale process run by a public company which is similar to a private company auction, but subject to the UK Takeover Code.

Geng, I would disagree with your assessment of EUA. 15M PGM Resources with further potential growth (Flanks approved) and a plan of 1MOz production a year for over $2B Revenue at AISC of $325/Oz. UBS involved (Their average deal $2B plus).
However, in saying that lets not forget the tremendous value potential of AMUR. Over $20B value in ground and it looks like increased activity in a great market for commodities.
I expect big things from AMUR and would say the potential here is greater than EUA, even though I expect EUA will go up several multiples on a bidding war.
One question. Is it possible AMUR can do something similar to EUA in terms of apply for much more land which was possible under Russian law and is the one of the main reasons EUA has went up by so much?
GLA DYOR.
Sharegar.