Member Info for SussexEngineer

Does anyone have a serious idea when the PEA will be published? Have been waiting patiently but apart from some peripheral data have not seen anything substantial.

Always good to see a company exceed market expectations and that is despite having debt provisions for Sri Lanka and the Chinese Real Estate problems which I thought might have had a bigger impact on the results. Overall pleased.

What is there not to like. I was expecting an improvement but not to the extent provided and over both to be separated businesses. All sectors up which bodes well. From the press agencies "Revenue in the first quarter of 2022 was GBP9.78 billion, up 32% from a year ago. Pretax profit jumped 71% to GBP2.60 billion from GBP1.52 billion year-on-year."

Do you believe that money will be coming our way, or will the money be reinvested to build up the business, such as the phosphate and limestone operations, where most of the money will required in Reals? It would be strange to pay dividends and then go cap in hand to the banks and borrow money at a higher rate. The exchange rate should increase or market capitalisation and therefore share price.

My opinion is this is the start of the long journey to establish a wider portfolio of fertilisers and remineralisers. Time will tell.

This news is 6 months old and was in the press back in November 2021:

https://www.morningstar.co.uk/uk/news/AN_1637931715575942300/in-brief-harvest-minerals-gets-nod-to-sell-fertiliser-in-paraguay.aspx

Swingy, I understand where you are coming from. This share is now 17.5% of my portfolio which in itself is not an issue but when I add up my other AIM stocks it accounts for over 50%. The dilemma for all the risk averse investors is where do I put the money to earn a better return, with less risk. At the moment I cannot see a better investment opportunity and can see me potentially increasing my participation.

Chique, where else can you make a relatively small investment and immediately own another 1/2000th of a company, that is largely derisked?

The PEA for the feasibility is to be completed in the 2nd half of this year. Based on a successful preliminary economic assessment, will significantly extend the life of the operation, should provide greater shareholder value and give the banks greater assurances for loaning money. The PEA will focus on trucking the ore from the mine head to the 15Mtpa Proyecto Riotinto production plant. Surprised that they plan to truck it the 28km and not conveyor it but I guess the team know that planning consents may be difficult. From an efficiency, environmental and cost standpoint a conveyor would be the best option.

Slicing is good if there is somewhere better to put your money. Struggling to think of a better sector. This is now worth almost 20% of my portfolio and I vowed I would only have 25% of it in the AIM. It has burst through 50%!!! "Sensible" has haemorrhaged money since Ukraine.

Clearly lack of liquidity in the market. Even if you want to sell, for some strange reason, it is best to hold onto your shares and get the MM to step up the price.

Looking at the sequence it appears that £14.2k (100,000 share) purchase took quite a while to fill, so activity was taking place around it. I am surprised, as it was not much larger than the 82,000 share purchase but maybe that combination caused the problem (or possible successful rise).

Perhaps there is a large buy order in and they are frantically accumulating sales to make it up. I will watch with baited breath.

"Harvest Minerals Limited, the AIM listed remineraliser producer, is pleased to announce that it has acquired at nominal value the mineral rights over an area ('the Project') highly prospective for the exploration of agriculture limestone, a critical soil input used to neutralise soil acidity by raising its pH levels. Located in the municipality of Iguatama, Minas Gerais, the Project is approximately 168km from Harvest's Arapuá Fertiliser Project ('Arapuá')."

EmeraldCarrots, here is the article you meant to post:

https://www.reuters.com/world/india/india-considers-buying-discounted-russian-oil-commodities-officials-say-2022-03-14/

The problem that India has is their weapons are largely supplied by the Russians and they need servicing, so India and Russia are compelled to have a close relationship, no matter how unpalatable that may be. You will see that India and looking at buying other commodities at discounted prices. As we have all known, owning CNE, India no matter what regime is in charge, have the morals of a sewer but they will pay a price. I will not knowingly invest my money there again., though I am sure Mr Modi won't lose any sleep over that.

Groover, the answer to your question is sort of. From what I understand the Russians mine the ore in the Murmansk area and ship it to Perm, in central Russia. They do not have the sophistication to process to the end product, so they then ship this material off to Estonia for final processing. As with a lot of operations this likely to have been a throw back to the Soviet days. Putin back in the early 2010's identified Rare Earths as a key element to his military machine and a number of operations from the Black Sea (near Georgia) and Siberia were to be explored as potential sources. At last accounting I think Russia accounted for less than 2% of the world output and as I have said they don't appear to take it to the final processing.

What you need to realise is that the old soviet railway runs from the potash mine in Belarus through Lithuania, to the port on the Baltic coast. The line is almost solely dedicated for this purpose. Lithuania not only is in the EU it also in NATO so have imposed the restriction, as part of the wider embargo. Potash supplies are available from Spain, Britain, Israel, Jordan and Canada to name but a few but probably at increased costs. It is likely that Brazilian distributors have entered long term contract with the Belarus company.

This is great news for HMI.

HMI have the double benefit of the terrible war in the Ukraine, refocusing the importance of Brazil as an agricultural exporter, coupled to the rise in natural gas costs driving up fertiliser costs. HMI is in that exclusive club of drivers to address both issues indirectly and directly.

Not if we look over 5 years!

The delay is due to the US shareholders, so that they are not at an undue disadvantage.

Results were solid. Growth was as largely predicted. The one good element was the acquisition of BioVision is showing sound reasoning, with a growth rate higher than the existing portfolio.

Planned 2024 performance is inline with expectations, despite the Covid impact that has affected customers over the last 21 months.

Hoping to see a rise from here.

Denby, I do hope so. As they have switched their annual reporting from June to December, it was important to understand Abcam's progress, especially after the acquisition of BioVision.

If an RNS, for half year results, is to come today it is likely to be for the NY stock exchange opening. Let us see at 13.30.