Time for the Dekel Agri-Vision share price to go nuts?
“…Dekel Agri-Vision’s cashew nut project presents a low hanging opportunity for finances and investors …”
Despite being the world’s top cashew producer, Côte d’Ivoire only processes 10-15% of raw cashew nuts (RCNs) grown in the country. Dekel Agri-Vision has already empowered and collaborated with thousands of small palm oil farmers. It has embarked on the same approach with its cashew nut project to increase processing capability, magnify revenues and to do so with the cooperation of the Cote d’Ivoirians.
Dekel is fully engaged announcing a transformational transaction with the acquisition of an additional 14.2% interest in the large scale raw cashew nut processing project at Tiebissou which increases Dekel’s ultimate ownership interest to 52%.
Managing Director, Lincoln Moore says the transaction represents excellent value for Dekel shareholders as the cashew plant approaches completion in Q2 2021.
Listen to Lincoln tell Sarah Lowther why analysts share his confidence that shares will rebound and why the cashew project will transform Dekel’s financial profile.
Video taken in September 2020 showing the construction of the raw cashew nut processing project
The author was remunerated but does not hold shares in the company