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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 kennethjwon May 13, 2015 11:49am
129 Views
Post# 23724089

RE:RE:Never could understand it!!!!

RE:RE:Never could understand it!!!!I am not betting on management.  People that bet on management were the unfortunate ones who got into this years ago and thought management were able to ramp up Itafos with the working capital that kept getting pumped in (...and there was a lot of smart money in there too).

Today, I'm betting on Deutsche Bank to align the strategic review process with the interests of shareholders.

Under a JV / refinacing outcome, I still question the company's ability to ramp up operations and generate positive cash flows.  I'm more than happy to get out and leave money on the table at the sign of positive news.

But, I could be all wrong. Maybe no deals get done and they go into receivership.  Don't bet the barn on this one!
Bullboard Posts