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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 spammeon Mar 26, 2013 4:58pm
146 Views
Post# 21170927

RE: RE: RE: IR e-mail reply

RE: RE: RE: IR e-mail reply

If it falls to 1.75 might be a good buy.

This management is not very good but they do have alot of skin in the game.

So decline in MBC sp price hurts them too.

The main reasons to invest in this are the

- Clear advantage of the locations of the assets.  20 - 25% of fertilizer cost is from transports.

- Booming Agri business in Brazil

- Fully funded (hopefully)

- Management has a meaningful stake in the business

- Other properties are currently price at no value.

The BAD

- Management does not communicate with investors

- Constant dilution until they get some real cashflow

- Delays and more Delays (Which is pretty normal for mine startup) 

Bullboard Posts