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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
Comment by goofenoffon Jan 22, 2015 7:22am
110 Views
Post# 23350140

RE:I see absolute no reason for panic

RE:I see absolute no reason for panicI wholeheartedly agree with Aktiolysator post. There is NO NEED TO PANIC as MBC has extensive and considerable assets that are saleable. The October NR has basically the same information. We all knew the situation for months.
 Deutsche Bank involvement is the ONLY new info and that is a very positive indication of progress out of the present situation.
 This NR needed to be made for shareholder information as there is new information (Deutsche Bank involement) for SH to be made aware of. Listing regulations are followed by mgnt..
Speculation is running rampant especially on this BB.
The essence is in the detail:

 "Options under consideration in the strategic review process include, but are not limited to, securing a strategic partner, the sale of the Company or its assets as well as other potential value-maximizing transactions. A number of potential candidates have already been selected and approached and are currently initiating the process of evaluation of the Company and the Itafós Operations."

 I for one will not sell any of my shares due to this news release.
Do your own DD thoughtfully without panic.

Bullboard Posts