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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 12, 2014 11:09pm
389 Views
Post# 22316771

Rant of little value, big exasperation

Rant of little value, big exasperation
I see that B & A sold 66,700 shares March 6 at $1.01. I don't have access to any more recent insider activity. But sometimes the absence of information is just as informative: there is a conspicuous lack of insider BUYING, i.e. those closest to the company's affairs saw the stock at $2.25 and at the end of December about $1.50. Here we are 75-odd days later, and the implications are deafening: approaching half the price of two short months ago, insiders have no interest in buying. Some day this company will hit a bottom and the share price will improve; bear markets don't last forever. I like this story but I need a motivating factor to get me back in. Insiders are not sending a shareholder-friendly message. Meanwhile, the stock price accelerates to the downside. Que pasa, senores??
Bullboard Posts