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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

Post by Storage1on Nov 16, 2022 6:55am
761 Views
Post# 35102417

Expectations?

Expectations?I am not sure what investors expected from Q3 earnings. Seems to be in line with my projections. The road issue was a killer for production and sales in the largest quarter of the year. I am actually surprised to see the stock move up this high. Next year will tell me what I need to know about this project. If they can hit their targets I plan on hanging on. If we have more mishaps like this year I am out. This road issue should have been seen before they started trucking material from plant 2. That issue alone has removed the traction from the company. We were on a straight up to the right movement. Now we have to wait and see how sales will be moving forward as I am sure they lost some customers from failure to deliver product. GLTA. Looking forward to 2023.
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