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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
Post by spammeon May 16, 2013 10:56am
195 Views
Post# 21403011

Canaccord says it was miscommunication that MBAC n

Canaccord says it was miscommunication that MBAC n

 

From Canaccord -
The announcement within the Q1 MD&A regarding
the working capital requirement without it being quantified in the
release had a significant negative impact on the shares on Wednesday.
We understand the reaction from the market given the release, but
following our conversation with management that clarified that nothing
has changed on their working capital outlook since the April 1 corporate
update, we believe it was another unfortunate miscommunication to the
market.
 
Is MBAC trying to lower their stock price on purpose?
Bullboard Posts