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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.


TSXV:IFOS - Post by User

Bullboard Posts
Post by templetoothon Mar 07, 2014 1:57pm
339 Views
Post# 22295680

Sayonara...at least for a while.

Sayonara...at least for a while.
Have been struggling with the insider sales info thoughtfully posted by joshmatt. There is just no way to put a positive spin on B & A selling a sliver of their holdings. The only reason I got interested in MBAC was the involvement of B & A. Last fall's article in the Wall Street Journal gave the impression these guys had nothing but money to invest in Lat.Am. resources. Well, I guess things can change...witness Eike Batista. Anyway, one of the advantages of being a small investor is the ability to turn on a dime. I see something I don't like and don't understand a few days or weeks prior to year end numbers. Colour me GONE. Speaking of bottomless wallets and smart investors in Lat. Am., if you have any interest in following the "smart money"... take a look at the story at Estrella.
Bullboard Posts