Market's view on Harvest Mi (di)
Published on April 2024
- A trial mining permit in 2018 yielded R$67,863.09 in diamond sales, while proof of funds was lodged with ANM four years later, showcasing the capabilities of a group of Brazilian individuals.
- FIVE STAR MINERACAO LTDA received an operating license valid until 2025 for diamond extraction and processing in the municipality of Ouvidor-GO.
- Triunfo Mineracao was granted a three-year research permit by ANM for a phosphate prospect at Monte Alegre de Goias, indicating continued exploration activities despite previous cut-backs.
- Concerns were raised about the reliability and relevance of a 2012 report, which was not included in the asset valuation for Harvest during the Arapuá project acquisition but appeared in a recent RNS, raising issues of potential misinformation.
- Discussions included skepticism about the actual value and potential of rare findings and confusion over the details and implications of recent reports and announcements related to the company’s activities.