RE:Block trade at $7.86. +200k shares. Q1 results were 112,000 tons sold for C$11,304,000 revenue
So C$101 per ton sold (delivered/CIF)
This equates to US$460 KCl at Brazilian port.......
I can't wait for Q2 results.
All evidence indicates that the KCl price at port has been in excess of US$1050 all quarter
Equivalent to C$228
The current price on the Verde website is R$1043 (sold out) .....
=C$264 or US$1215 KCl at port.
Yes, Verde offer discounts.
Yes, Verde will have sold product forward for Q2 delivery at lower prices (and the overhang from Q1 that was unable to be delivered due to weather).
Yes, there is a good chance that global fertiliser prices will fall in the near future.
Right now we have immense tail winds.
I expect the numbers for Q2 to be exceptional (but not as good as Q3 LOL!)
and i dont expect potash prices to drop below US600 for a long long time, if ever.
Someone wanted in Friday afternoon??!!??!!
go Verde go!!!!!