Q2 2013 Results...
https://www.newswire.ca/en/story/1210647/mbac-provides-corporate-update-announces-binding-debt-commitment-and-reports-q2-2013-results
"Upon closing of the Itaú Loan Facilities, the Company will issue an aggregate of 6,081,180 warrants to Itaú, with each warrant entitling the holder to purchase one common share of the Company at a price of
$2.20 per share until
April 15, 2019, subject to the approval of the Toronto Stock Exchange."
- Nice deal by Banco Itaú BBA. If this stock takes off by then with the new projects coming online, they will net some healthy profits.
"The Company continues to be well positioned to produce 450,000 tonnes in 2014."
- I thought it was 500 000?
"The Company expects to generate positive cash flow from operations in the upcoming periods as it ramps up production towards its nominal capacity."
"However, the purchasing has since resumed and demand is firm in the Company’s target region. Brazilian soybean production is expected to hit record levels in 2013 leading the Company to believe the market for fertilizer will continue to strengthen over the next several months. As a result, the Company is expecting prices to rise into 2014 relative to those experienced to date in 2013."
- nice