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 Psalm9012on Sep 29, 2014 10:21am

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Post# 22978983

RE:RE:RE:unless

Sure, people sell for various reasons and the MM"s capitalize on this to move the stock to extremes. As mentioned earlier, there are some funds that are likely liquidating their positions because MBC has broken below a dollar. There is a possibility that these funds may want to eliminate their positions by the end of Q3 - which is tomorrow - so they can end the year with Q4 looking better. As such, we may have a bounce heading into the end of the week. I done my last purchase this morning and now plan to hold longer term. Greg

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