Business
Question and Answer Document
Question and Answer Document.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 8501A Harvest Minerals Limited 03 June 2019 \n\n \n \n \n \nHarvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining\n3rd June, 2019\nHarvest Minerals Limited ('Harvest' or the 'Company')\nQuestion and Answer Document\n \nHarvest Minerals Limited, the AIM-quoted Brazilian fertiliser producer, is pleased to release this Q&A to publicly answer questions it has received from shareholders over recent months; these have been grouped into broad categories for ease of reference.\nA version of this announcement including photographs is available on our website at http://www.harvestminerals.net/media/1314/hmi-rns-qplusa-30619-final.pdf\n \nShare Price\nAre the existing institutions that backed HMI at 18.5p still generally supportive and \"get\" why the price is the price? Would they top up? \nWhilst we can't speak for individual institutions, the feedback we have received suggests that they understand the process required to grow a sustainable business and whilst disappointed with the current share price performance, they accept that we are taking steps forward every day. Harvest sincerely appreciates the support it receives from a good number of forward-looking and encouraging shareholders. \n \nOperations\nAre you happy with the plant and is it operating as expected? \nYes, we are very happy with how the plant is operating. During the wet season when there are fewer deliveries, we have been processing stockpiled mined ore as required and the plant has been able to operate above the name plate capacity on a consistent basis.\n \nIs any further work planned to optimise the plant's performance? \nThe plant has been able to process material above capacity and therefore no further work required to optimise it. The last specific work we carried out on the plant was switching to grid power and the only new work we have been carrying out has been to increase the product storage and ore stock capacity.\n \nHas there been any progress regarding the issuance of the mining permit?\nWe have completed all the work, summited all the reports and answered all the Department of Mines questions that have been required and we are now waiting on the Department's decision. It is largely out of our hands, but we remain hopeful of receiving an affirmative decision by year...