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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 templetoothon Jun 14, 2013 2:58pm
153 Views
Post# 21526347

Financing suggestion

Financing suggestion

I don't believe the company has said exactly how much working capital they need as they ramp up, but let's guess it's in the neighbourhood of $50 million.   Why not go back to the well, conduct a rights offering to allow existing shareholders the opportunity for some income. So, for example, for every 125 shares or about $200 current market value, offer the right to purchase $65 or $70 principal amount of 8% convertible debentures. Convertible at $2.20 per share for 5 years. Presto!

Bullboard Posts