Member Info for whl2

mesb48

The management were quoting figures of 400kt per year about five years ago ! A famous ex director (the right place, the right time) was quoted as saying we would be profitable in 2019 ! The long term shareholders have had to suffer while directors have received substantial renumerations. Only the newbies and the day traders are quoting 250 -300kt per annum They clearly haven't even seen the plant and difficulties in scaling up production. The nameplate production capacity of 320kt per annum is irrelevant as we neither have the manpower or machinery at present to meet that figure.

And their gross margin per ton is 78%.

Stay off the drugs Roger ! 50p would give a market cap of £95 million. Verde will have sold approx 700k tons last year, four times our total, and they are valued at £210 million. The best you will see will be 15p.

RNS should be Monday by my reckoning. Good luck to all holders.

They should put you in charge of the company RNS's swingy. Concise, transparent and no ambiguity whatsoever - Happy New Year bud.

You too swingy. I so long to hear one of your BOOM's next year !

It's been quite a while since I have posted here, principally for the reason that there is very little to say. As ever, the share price has followed the usual pattern, that is rising to results day then the selling starts. I fully expect a number of replies criticising me for my views but as a shareholder for the past six years and a substantial holding of 2.4 million shares at an average of 5.4p I will now attempt to explain why my views on the company have changed in the past 18 months.

Initially, I was a very ardent supporter of Brian and fully supported the company's plan in scaling up. The past 18 months however show a pattern of errors on Brian's judgement which have seen the Sergi and Capela potash projects relinquished, the limestone project of which nothing has been heard of for 18 months. We then come to the Miriri project which was abandoned after due diligence, the astonishing point being the due diligence was carried out AFTER the purchase. We apparently have a new storage shed which Brian has announced in interviews, although I would have expected shareholders were entitled to an RNS and photos at the least.

So, where does this leave the company ? Well fortunately we have the Arapua site which continues to scale up although whether it can ever attain an annual production of 300kt remains to be seen. I see us now as very much a niche company and extremely unlikely to challenge the likes of Verde and others in the future. Brian's recent purchasing history is unlikely to see institutional investors rushing to us and we now have Verde opening a fourth plant next year to take them to 2.5m tons capacity. To put it into context, we will be selling 10% of Verde's sales next year.

My hope is we see the usual rise into the new year and the bulls continue to dream of cash generating. I will be happy to see my stake sold at a price of 15p, if it goes higher then congratulations to those of you who continue to hold. I will be happy with a profit of 230k You may regard my post as negative, however I just can't see the company growing year by year. They are unable to raise the huge amounts of money required to compete with the larger potash companies and will forever be a niche company, albeit a decent one. I would like to think there is the possibility of being acquired but that seems unlikely as any interested company would surely have made their moves at the current share price.

A Merry Christmas to all Harvest shareholders. Sadly, I fear it will be my last on here.

I would not want another acquisition, the last three have probably cost us about £5 million pounds over the years I would imagine.

Blimey swingy, you'll have a hell of a job finding a new kitchen for 20 pence

Panda 1

I very much doubt any institutions would be interested in a company that changes it's reported figures a year down the road and seems to have no idea (or is not informing shareholders) when revenue is incoming. Not so much a company, more a farmers co-operative on a "pay us when you have the money" basis. In possibly the easiest year for fertiliser sales, McMaster has managed to reduce the share price by two thirds, aided by Edwards selling I know, but he would have an idea about that too. I have zero faith in this management team now and would gladly welcome a takeover, even 50 million (25p) as I see little future with Brian and his little snippets of information every three months. New shed ? Limestone site ? - not a sausage. So much for greater communication with shareholders. My 1.3 % stake is very much for sale to any company who sees fit to bid for this company. No doubt we will have the usual "the market doesn't understand us" garbage this week. Brian - no one understands you, you keep changing the goalposts every reporting session !

Question from me

The limestone site was aquired on 1st June 2021, 15 months later we have had no news on any progress. Will this be quietly dropped at yet further cost to the company like the miriri phosphate site ?

Sorry, Wednesday 9am, not Tuesday.

Tuesday 9am

Shares sold yesterday, why are the Edwards family selling now when we are about to release our best ever figures ? Cue RNS holding.

Definitely not another project. Brian has now produced three duds in the past four years and cost the shareholders around about 20 million shares as part of those transactions. Share buy back for me.

He's referring to smalleyus !!!!!!!!!!!!!

You're missing the point Sussex. Agreed, no further monies to be paid but the 3.33 million shares that were issued (and sold over the past two weeks by the way) still remain - and people wonder why I scream about share buybacks rather than dividends ! Another poor effort from the company, I dread an RNS these days. Why doesn't Brian just focus on Arupa and stop empire building buying mole holes which never amount to anything. As I said earlier, 100.000 US dollars plus 3.33 million shares issued at 4.5 p (and probably sold at 11.5 p this past fortnight giving a nice profit of £250,000). Another mugging for the company - again, at the expense of the shareholders.

A 550k purchase at 14p this morning which followed a 500k buy yesterday at a similar price. Somebody is picking up a large amount of stock. Here's hoping the extra storage news and 3Q figures get us back on track in September.

The two current sheds are 10kt and 20kt . I would imagine the new one would be 20kt

Hopefully that overhang gone now means we can start moving up again. Reckon they are part of the 3.3 million issued in December.