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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

Comment by Ciaoon Aug 26, 2021 9:12am
171 Views
Post# 33766544

RE:RE:RE:Today’s presentation

RE:RE:RE:Today’s presentation Pedro,

The updated PFS and NAV will depend on what future cash flows will be and dependent on some things they may be able to control: ie.  production volumes (which depends on what they want to produce based on market acceptance of their product). CV alluded during the call to what we haven't seen, some survey / %age of sales from new and existing customers (perhaps some answers on why their is attrition in sales from previous customers).

I was first attracted to the company based on the NAV / share given from the PFS.  No doubt that the huge gap between the share price and NAV is the market's doubt that the company can achieve those production volumes in those stages within those time frames.  I recall the question about what he wanted to accomplish in the next 12 months, and he didn't mention the updated PFS.  He did talk about it briefly when asked in a subsequent question.

IMHO CV is content to muddle along with a 40% increase in production volumes this year, and likely next as well. At best this is an asset play to which we'll see how he can monetize it to the benefit of all shareholders and not just to himself via bonuses. This company is best taken private so he can run it as he sees fit without the scrutiny of knowledgable shareholders or regulators.
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