Kaiser Watch is a weekly 15-30 minute audio show produced by KaiserResearch.com with Jim Goddard and John Kaiser discussing the junior resource sector. The show has three parts: the first is a general topic, the second discusses developments involving the KRO Favorites which as of January 1, 2022 are no longer exclusive to KRO members, and the third is a peek inside the members only KRO Bottom-Fish Workshop. KRO is transitioning into a Do-It-Yourself research platform that covers all Canadian and Australian resource listings and which also features a Bottom-Fish Workshop where John Kaiser highlights juniors with solvable "missing pieces". Companies that graduate from the Workshop may become part of the Annual Favorites collection whose profiles and related commentary are unrestricted for non-members. Visit the KRO Favorites Dashboard for quick access to all the unrestricted Favorites related content. KRO is not sponsored or compensated directly or indirectly by public companies. The business model is based solely on membership fees in the form of a USD $450 Annual Individual Membership that at some point will increase substantially to reflect KRO's shift to a research platform. However, when the change happens active members will be grandfathered to renew indefinitely at the current rate provided they maintain a continuous paid membership. Kaiser Watch is available at Kaiser Research YouTube and as a Podcast downloadable from KaiserResearch.com. Each episode will be made available through the publication of a Kaiser Media Watch blog report which will provide links to specific questions and include supplementary graphics. All episodes will be archived at Kaiser Watch.
Kaiser Watch August 18, 2022: Key NPK themes in Earnings Call Q&A
Jim (0:00:00): Verde Agritech had an hour long earnings call this week during which CEO Chris Veloso attempted to answer over 50 questions submitted by watchers. Can you give us a summary of the sort of questions asked and what kind of answers were given?
Verde Agritech met most of its H1 guidance on the basis of installed capacity, but its H2 guidance more than doubles output which to happen requires at least Phase 1 of Plant 2 becoming operational during the key shipping window of July-October. NPK held an earnings call on Aug 16, 2022 of which 20 minutes was the formal presentation, followed by nearly 50 minutes of Q&A during which Cris Veloso attempted to answer a random series of questions he apparently was reading for the first time. I watched it and have to admit it was often difficult to understand the question and what exactly CV was answering. But I took notes during the live event and extracted a collection of themes which this KW episode is devoted to summarizing. Here are the links to the Presentation Deck and the YouTube Version. The Q&A starts at about the 20 minute mark. For those with a keen interest in NPK I recommend listening to my summary first and then watching the Q&A to see what I missed or got wrong. I do hope CV rethinks how he handles the Q&A. I posted a written summary in the KRO Slack forum for members within an hour. Some complained that CV did not answer questions they had submitted. NPK should set up a system for collecting questions in advance and have somebody bundle them in thematic groups with the most articulate question highlighted for CV to read. And then organize them in a sequence that makes sense. The Q&A format has the pretense of being live but it really is not. CV should not be wasting time reading questions for the first time and trying to figure them out. And reading questions he has already answered. Retail longs will have patience but institutional fund managers will not. As an aside, while KW is free and because NPK is a KRO Favorite so is any related content on KRO, the Slack forum where I provide comments on the fly and try to answer questions is for KRO members only which costs USD $450 per year.