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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Chemicals Basic Materials
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

Itafos Inc
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Comment by lowpickron May 16, 2011 11:51pm
319 Views
Post# 18585824

RE: Love it

RE: Love itHere are my thoughts.

The stock sold off  last year hitting lows in June/July following normal Ag sector seasonality (strengthens Aug thru end of the year). I think we are seeing a repeat this year as resource stocks are being sold off ahead of the ending of QE2.

Buyout - I don't thing we'll see one for a few years at least. Management/Board own over a quarter and I don't think they will let it go.

Wellington West - keep in mind that the boss sits on the MBAC board.

On the technical side, we broke thru the 200 DMA today to the downside and RSI 7,14,21 periods are all indicating oversold (sub 30). I think we'll find support in the 2.30 - 2.50 range and commodity selling will have to accelerate to drive MBAC lower.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities