Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

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.

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Itafos Inc

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Comment by oddykogon Aug 13, 2014 8:05am

375 Views

Post# 22835412

RE:RE:What will happen to the stock now ?

ANOTHER delay in reaching commercial production. These guys have been trying to get the plant to function on a continuing basis for 16 months now and want another 4 months! Imagine where they would be if this was complicated chemistry. The problem with this delay is that the end of December is also the end of the fertlizer season in Brazil so they will have their plant commercial (if they succede) just in time to build inventory for the 2015 fertilizer season. You will not see a profit from them until Q3/2015.

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