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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Post by INSTATradeon Sep 26, 2014 8:31am

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Post# 22972691

RIsk to Reward ratio Favours Buyer @ these Levels

Are You Kidding ME ! Have you never heard the Old Axion Buy Low Sell High.

On Those Charts What you Should have Picked up on is all the Volume Increases in the Last several Weeks. I am not really concerned with the Price Action since I timed Buying in Yesterday after having MBC on My Watch Radar for 3 weeks. Yesterday was my BUY SIGNAL. The Volume indicates that Action is in this Range. The Reward to Risk Ratio Favours the BUYER here Near term...and will Most Probably Pan out for the Long term as well the way I am reading onto things.

I am Playing for teh Mother of All Bounces here....Easy Double. Initiated my Position yeterday along with the Scare Frenzy going on in the Overall Markets and Selected MBC. BEst Bang for the Oversold Buck in my Opiniom