Member Info for surprised

as I say for most of us it's us against the markets not each other ....

it's all in black and white and visible...nuff said

one more link for you to seach back from , quite few folk were very aware who use social media :-)

https://twitter.com/surprised_trade/status/1112988291840782336

look it up..lazy ..lol

I can't do all your research for you, lol......I posted when it happened, who it was etc and all details of the short play were posted too, including the closing price....as I say it's history now, it's part of the investing and trading game ..maybe you should consider social media use as it can be helpful in the right circs .I view trading as us pi's against the market, not each other.....

posted today :-)

https://twitter.com/surprised_trade/status/1114778939023601664

history, folk move stock, folk hold stock, folk buy stock.....with respect mr P, .if you can use lse and reseacrh you can seach social media...it's all there, in real time :-)

details all posted on social media feed a couple of weeks ago, all transparent and visible, importantly. all done and completed now, we move on and the sp up me thinks ......did give me a chance to get a few at 5.9p though :-)

''the trick is not to look at a share account the same way any of us look at a bank account..as it's not the same....it's a difficult trick but a share acount is subject, on aim particularly to rises and falls, some can be dramatic, both ways and those who seek to secure cheap will use 'bank account' mentality to unsettle.....no specific bad news, a known short play just ceased, a known seller just completed his transfer to to other stock and a news gap from the company in the end of tax year period have created a temporary 'storm' on the sp level imo.....not any reason for me personally to consider selling at the lowest point for two years , quite the reverse, accumulation at these levels is the name of the game :-)''

with repsect Mr parkez, I did not know you were selling a few, we did however know a seller accompanied the short position that closed a few days ago at 5.4p ..we start again with a new tax year and certainley with the expectation of some well over due positive news upcoming, we do have a very large sum of cash waiting to be used to enhance prospects :-)

Zalathedog post from the show below with key points (thanks) shows the over reaction to the interims, with income stream only just statrted and a further $1,307,194 for trade and receivables due shortly all looks set for growth.
The company is now trading at only 6p well below the typical previous level of 14p, before they were funded and generating any sales, so sp is clearly now at bargain price, sales will be expected to grow from here and at just 6p the sp clearly has a great deal more upside than down, particulalrly with the cash position and income generation only likley to grow in comng weeks, :-)

1. Per Fridays’s RNS, HMI expect to be pretax break even for the year to June 2019. I confirmed that this must imply a pretax profit of at least A$1.8m for H2 FY19.
2. Direct costs are currently running at US$15 per tonne but will fall to $10 and then $7.50 at volumes of 100,000 tonnes per annum.
3. Selling prices are $55 per tonne.
4. Receivables of A$1.3m relate to product delivered in December and are subject to a typical payment cycle of 60-90 days. This is standard in the industry.
5. The sales of 86k tonnes announced last year to two distributors are being supplemented with HMI’s own direct sales force of 6 ppl plus one sales manager. Two more are soon to be hired.
6. The KP Fertil product is both a fertiles (for the plant) and a remineraliser (for the soil). KPFÉRTIL has already been certified as a remineraliser and has applied for a similar certification as a fertiler, but this takes more time.
7. The fact that capes is done and profits are expected in H2 means that the current cash level of A$12m should not fall further as the sales cycle is now self financing. On the contrary, cash should build at H2 sales levels.
8. Coffee season is in H1 and soybean season in H2 so KPFÉRTIL sales cycle need not be seasonal over the year.
9. There is absolutely no need to raise money. Even if HMI did not have any revenue at all for three years, the current cash on balance sheet would be sufficient for three years of operating expenses.
10. Operating expenses were A$2.4m in H1, but this included a write-off of money relating to Geoclico and share based payment expense, totalling $1m, which are non recurrent in nature. Excluding these, normalised operating expenses would be A$1.4m per six months or $2.8m per year.
11. A pre tax profit of A$1.8m in H2 would therefore imply a gross profit of A$3.2m in H2. My estimate. At a 60% Gross Profit Margin (same as H1), that would imply revenues of A$5.3m in H2, versus just A$1.0m in H1. My estimate again.

revenues are due and product sales are likely to increase over coming weeks...........everyone looking for best entry price before it lifts back up, as it will in the next few weeks :-)

.the trick is not to look at a share account the same way any of us look at a bank account..as it's not the same....it's a difficult trick but a share acount is subject, on aim particularly to rises and falls, some can be dramatic, both ways and those who seek to secure cheap will use 'bank account' mentality to unsettle.....no specific bad news, a known short play just ceased, a known seller just completed his transfer to to other stock and a news gap from the company in the end of tax year period have created a temporary 'storm' on the sp level imo.....not any reason for me personally to consider selling at the lowest point for two years , quite the reverse, accumulation at these levels is the name of the game :-)

be very surprised if there's not a podcast shortly by B Mc ahead of any news, ...once new tax year under way :-)

revenues are due and product sales are likely to increase over coming weeks...........everyone looking for best entry price before it lifts back up, as it will in the next few weeks :-)

discussed many times, ceo buys are a red herring in most circs,as they are either off set by salary, or hedged out the back door, look at DL, RP AB, PJ all take large stakes in their companies and all destroy the sp for existing holders after a spike on a TR1.....just run the business and deliver buying shares on a ceo TR1 holding on Aim can be misleading, i'd prefer an iii or two as they take for the longer term in general :-)

and a developing and growing Income stream, that has only just begun, one off expenses will not appear in Q2, $1mil plus owed in outstanding invoices etc due to appear in next accounts, ...we have a drastically reduced sp to 7.8p that does not reflect forward potential or growth,...an Aim company withj 3 yrs cash in bank, fully funded and growth forecast with an increasing income stream that will ontinue to add to existing cash over coming months all suggests a rising sp from these levels.....it's only 7.8p, and HMI typically traded at 14p prior to having 3 years worth of cash in bank and prior to having an income stream, so yes cash in bank expected to grow, plus increasing income stream all for just 7.8p suggests growth in the sp from here, a great deal more upside than down, clearly :-)

and a developing and growing Income stream, that has only just begun, one off expenses will not appear in Q2, $1mil plus owed in outstanding invoices etc due to appear in next accounts, ...we have a drastically reduced sp to 7.8p that does not reflect forward potential or growth,...an Aim company withj 3 yrs cash in bank, fully funded and growth forecast with an increasing income stream that will ontinue to add to existing cash over coming months all suggests a rising sp from these levels.....it's only 7.8p, and HMI typically traded at 14p prior to having 3 years worth of cash in bank and prior to having an income stream, so yes cash in bank expected to grow, plus increasing income stream all for just 7.8p suggests growth in the sp from here, a great deal more upside than down, clearly :-)

Zalathedog post from the show below with key points (thanks) shows the over reaction to the interims, with income stream only just statrted and a further $1,307,194 for trade and receivables due shortly all looks set for growth.
The company is now trading at only 7.8p well below the typical previous level of 14p, before they were funded and generating any sales, so sp is clearly now at bargain price, sales will be expected to grow from here and at just 7p the sp clearly has a great deal more upside than down, particulalrly with the cash position and income generation only likley to grow in comng weeks, :-)

1. Per Fridays’s RNS, HMI expect to be pretax break even for the year to June 2019. I confirmed that this must imply a pretax profit of at least A$1.8m for H2 FY19.
2. Direct costs are currently running at US$15 per tonne but will fall to $10 and then $7.50 at volumes of 100,000 tonnes per annum.
3. Selling prices are $55 per tonne.
4. Receivables of A$1.3m relate to product delivered in December and are subject to a typical payment cycle of 60-90 days. This is standard in the industry.
5. The sales of 86k tonnes announced last year to two distributors are being supplemented with HMI’s own direct sales force of 6 ppl plus one sales manager. Two more are soon to be hired.
6. The KP Fertil product is both a fertiles (for the plant) and a remineraliser (for the soil). KPFÉRTIL has already been certified as a remineraliser and has applied for a similar certification as a fertiler, but this takes more time.
7. The fact that capes is done and profits are expected in H2 means that the current cash level of A$12m should not fall further as the sales cycle is now self financing. On the contrary, cash should build at H2 sales levels.
8. Coffee season is in H1 and soybean season in H2 so KPFÉRTIL sales cycle need not be seasonal over the year.
9. There is absolutely no need to raise money. Even if HMI did not have any revenue at all for three years, the current cash on balance sheet would be sufficient for three years of operating expenses.
10. Operating expenses were A$2.4m in H1, but this included a write-off of money relating to Geoclico and share based payment expense, totalling $1m, which are non recurrent in nature. Excluding these, normalised operating expenses would be A$1.4m per six months or $2.8m per year.
11. A pre tax profit of A$1.8m in H2 would therefore imply a gross profit of A$3.2m in H2. My estimate. At a 60% Gross Profit Margin (same as H1), that would imply revenues of A$5.3m in H2, versus just A$1.0m in H1. My estimate again.

https://www.valuethemarkets.com/2018/01/13/value-markets-qa-brian-mcmaster-executive-chairman-harvest-minerals-hmi/

Bm has some work to do now, will he and bod buy more shares with their own money down here? reduced news flow does not support investors, regular news flow does on a growing business..

For balance and perspective , important on a quick fallig sp, as typically over reaction occurs initially,

' Initial revenue numbers of A$1,048,062. having only just commenced approaching the marketplace in earnest during the review period'..... Important aspect and one that was highlighted earlier,

Importantly there is also

Trade and other receivables $1,307,194 , That is Money owed to the business, that should appear soon

Cash and cash equivalents $11,928,997 , so no worries on that front, fully funded

Regular sales flow news is now required, a news pipeline rather than blackout, the company is now trading at only 7.8p well below the level (14p) before they were funded and generating any sales, so sp is at bargain price, sales will be expected to grow from here and at just 7p the sp clearly has more upside than down, particulalrly with the cash position and income generation only likley to grow,

Let's see what BM can achieve from here......

a partial sale is a distinct possibiity as has been discussed previously...and with or £5mill mcap, the potential value of the mine life and value of tantalum....I can wait a few weeks , like it, like it a lot :-)

that large trade it is very difficult to state either way, buy or sell, it is in reality a delayed trade and now completed ...the price clearly buit into the sp either way as no movement on % .....we know we had a short paly close out, we know we had an accompanying seller, it makes perfect sense that when a short closes there is likley to be some upside to follow at some point :-)