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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 ElectricFuneralon Jun 16, 2015 12:24pm
258 Views
Post# 23835642

RE:RE:RE:Volume was nice

RE:RE:RE:Volume was nice
poorgrammar wrote:
efuneral is here, what do u think the close would be today?


If we consider the fact that MBC never had any leaks in the past (before any NR), I'm feeling pretty confident about this one. I've been following this one since October 2014 and there's one thing that was scarring me a lot in January/February, but not anymore. Let me explain; since we all know that the agricultural season is starting around May in Brazil, I knew they would be in deep shiit if it was not sold by February at the most. They had to finalize the ramp up, prove to the Brazilian fertilizer industry that they were able to sign big clients and sustain the demand without any major shut down, just to stay alive and save 2015 agricultural season. So, considering this, I took all my marble out of this one in March and followed it from far. But now, what I like is the fact that this management team throw away the 2015 season and avoid selling some assets to the first buyer at a cheap price. Now, they have some buyers that as to probably offer better deal for buying us up. Fertilizer price can only go up and companies knows it and they have now, plenty of time to make this work at full 500 000 tonnes per year by April 2016..... About the two lawsuits, it's only normal procedure in these kind of situations. Employees have to protect themselves and the municipal taxes for services rendered have to be clarified. GLTA....
Bullboard Posts