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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 Benedictuson Aug 16, 2023 3:59am
194 Views
Post# 35590397

RE:Undervalued play.

RE:Undervalued play.

Undervalued based on what metric? The only thing holding the stock above $2 or even $1 right now is the carbon credit opportunity. Sales growth expectations are completely stalled for this year. Margins are very tight not just because of low potash prices but due to increased fixed costs and high delivery costs (delivering further from mine site) At this stage, they will be lucky if they match last years tonnage sold. When 2023 guidance came out, the assumptions looked to be a worst case scenario and yet here we are with those assumptions having turned out to be way too optimistic. Without closing some carbon credit sales, it's really hard to be optimistic. I'm surprised Cris is going on an executive hiring spree during such a challenging time.

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