Verde Agritech Ltd T.NPK

Alternate Symbol(s): VNPKF

Chemicals Basic Materials

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.

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Verde Agritech Ltd > DIVIDEND!

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Comment by 15Stanmoreon Jan 24, 2022 11:41am

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Post# 34352998

RE:DIVIDEND!

Hello General,

I think the interest rate quoted was the Brazil overnight rate plus 2.92%. I believe the overnight rate is currently set at 9%, so the total cost of borrowing under this newly announced credit facility is actuall 11.92%.

Anyway, even at 11.92% I would prefer to see teh company finance growth through borrowing, rather than issuing any additional capital (other than under the share options already issued to teh CEO).

Cheers,

S

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