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Verde AgriTech Ltd. T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Post by KirklandXon May 03, 2022 9:01am
315 Views
Post# 34650498

New guidance. Two observations.

New guidance. Two observations.

Just two simple observations:

1. As discussed before, the company are selling forward their production. So I think they will have a high level of clarity and confidence on that revenue figure. And as always, they seem to put up conservative targets that they seem to always beat. 
 

2. This news also tells me that they are very confident of the timing and execution of bringing Plant 2 online. This is incredibly positive news. Just to highlight Plant 2 brings production capacity of 3m tonnes pa of product. 2023 guidance to be upgraded again in the future?

GLTA

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