Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by 15Stanmoreon Apr 21, 2021 6:24am
227 Views
Post# 33035352

RE:RE:Also....

RE:RE:Also....Hello Janota59,

While the prices have been reduced, here is what they currently represent in Canadian dollars at R$1 = $0.23 Cdn on a per tonne sold basis:

K-forte granel
R$ 257t, was R$ 374t 14-04-2021    $59.11 versus $86.02  (-31.3%)

K-forte big bag
R$ 307t, was R$ 424t 14-04-2021      $70,61 versus $97.52  (-27.6%)

BaKs granel R$ 371t and big bag R$ 406t      $85.33   and    $93.38

While the reductions are significant, what I am focused on is the fact that in the 2020 audited financial statements, the average price per tonne for the 243,707 tonnes sold was only $37 Canadian. Even the significantly reduced prices being quoted in April 2021, versus those that were showing on the website in the January through March quarter, are significantly above the $37 average for 2020. 

The $59.11 per tonne shown as the cheapest price above is a 60% increase over the $37 average price in 2020.

As I suggested in an earlier posting, there is something that just does not seem to add up in these figures. We will be able to do further analysis when the Q1 numbers are released in May - did the average selling price per tonne increase dramatically in 2021 over the $37 audited average reported for 2020?

Stay tuned.

S.
<< Previous
Bullboard Posts
Next >>