Verde AgriTech Ltd. T.NPK

Q2 plus 3 days trading trends

[15Stanmore]

Good Wednesday morning to all,

It seems the initial positive buzz after the release of the Verde Q2 numbers on Friday has quickly evaporated. Only two trades so far today, with only 1,500 shares traded and down at $0.68. This leaves 500 shares bid at $0.68, with the next offer being 22,500 shares at $0.63.

Countering this fall off on the buy side, it is fortunate that existing investors are at least being a little more demanding, with the current sell offer of 4,500 shares sitting solidly at $0.72.

In any event, this circumstance appears to be in line with my previous assessment that while the NPK share price run up to the $1 level is likely still some months away, the chance of it falling back to the $0.50 to $0.60 level is unlikely, in the face of generally reluctant sellers.

The 22,500 shares at $0.63 also indicates that investors are still keen to open or add to their holdings at prices under $0.70, should an existing investor finally call it quits and exit at this improved but far from desirable valuation.

Cheers,

S.

[PedroPistacio]

There are bound to be some stale bulls out there looking for a chance to get out. My take on the Q2 results is great volume, but poor price per tonne, even though the cost per tonne has come down nicely. The global potash price is low for obvious reasons, but that will hopefully drift higher again and maybe helped by the situation in Belarus. My only other concern is whether the CEO is being