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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
Comment by Psalm9012on Oct 01, 2014 10:00am
169 Views
Post# 22986177

RE:MBC versus LSG in 2013

RE:MBC versus LSG in 2013Interesting comparison as I largely exited my LSG position - for the short term - to buy MBC. And like here, I averaged down a lot but was fortunate to also load up near the bottom. Although it is recorded that LSG hit $0.16, that price was never attainable by the public as it went through off hours - that's right after 4 pm market closing. I had my "stink bid" in at $0.20 but it never got filled because it was good only for regular trading hours. I looked into it and apparently institutions can legitimately make these trades off hours. Although this did not happen here, I do believe there was an effort to drive the price as low as possible. Note how Canaccord has a $0.28 target - way below everyone else - yet they were the lead in April's $20 million financing at $0.70 a share. Seems pretty clear that they wanted to average down. I'm looking at much higher prices from here. Greg
Bullboard Posts