Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by Psalm9012on Oct 09, 2014 12:06pm
253 Views
Post# 23014736

Clarfication on Some Matters

Clarfication on Some MattersSpeculation that the company has burned through the $18 million loan and now had to secure this new loan is wrong. They still have money left from the $18 million and this new loan is in addition to it. A very important point to remember here is that until the company reaches "commercial production" all sales go to capital and none of it is considered revenue. Once they record a full month of 25,000 tonnes it all becomes revenue. They hit 22,000 tonnes in Sept. with daily production as high as 1,700 per day which is more than double that daily needed to reach a month of 25,000 tonnes. So guess when they are likely to achieve commercial production? They continue the process of renegotiating all of their loans. A short while ago someone raised the example of LSG - which was also a fundamentally sound company with financial challenges just like MBC and look how they turned it around. All the same speculation of the co. going under was thrown out then too. And don't think that the MM's have inside info. and know what's going on. They took LSG down to $0.16 off hours when us retail investors could not access the market. So stop speculating and yelling your questions at the board and instead call MBC's IR contact, Joe Racanelli @ 416 815-0700 ext. 243. That is what he is there for and he will answer your questions as best he can within the limits permissible. Then please come back and share your findings with the rest of the board. Although nothing is guaranteed, you may find that what seems like one of your worst investments ever may turn out to be your best. Greg
Bullboard Posts