Verde Agritech Message Board

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Gold/Mining/Energy : Verde Agritech

NPK.TO 1.040

+7.2%

9:40 AM EST

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To: LoneClone who wrote (15944)	8/15/2018 11:29:40 AM
From: kidl	Read Replies (1) of 16582

No surprises in the Q2 results. Looking ahead, I am starting to worry a little about the cash reserves. They should be ok until year end even with the plant CAPEX costs but I can see a problem developing in Q1/2019 (rainy season – no production). Sales between now and the end of October will probably determine the outcome. I hope CV has a contingency plan in place. On a more positive note ... Lithium boom unlikely to disrupt potash market — analyst Snip: Major price indicators paint a clear picture of the potash industry’s status. South East Asian import prices, for one, are at their highest in more than two years, while in Brazil, the largest potash consumer, import prices are at their highest in over three years. and He also noted there is new capacity coming online in the next five years, notably in Canada, Russia and Belarus. The sector, however, has a history of large greenfield projects typically taking much longer to commission and ramp up than advertised. More: mining.com

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