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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 potplayon Oct 03, 2014 12:52pm
156 Views
Post# 22996299

RE:RE:Support Behind the Scenes is BIG

RE:RE:Support Behind the Scenes is BIGThe problem with this stock is that there is no serious major player or market maker. The 5 biggest shareholder owns only about 80M shares out of more than 180M! So there is 100M loose shareholdings including many that subscribed to the 70c placement? Sure there are lots of unhappy shareholders at these prices, no wonder the stock is being punished!! It takes millions to move 1/2c like moving mountains. There are other stocks with more than 600M shares and they do not have the same kind of turnover or that much to move the price so little. I am beginning to wonder if the major shareholders are involved with buying and selling too!! It needs market maker or makers to move this stock smoothly.. jmo
Bullboard Posts