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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
Post by stockprospon Oct 23, 2014 6:58am
213 Views
Post# 23053473

Looks hopeful

Looks hopeful2 year moratorium on debt repayment signed.  Short term liquidity issues seem to be resolving via major lenders.  Commercial production of 25K tonnes /month will be announced any day now.  First NR in a long time with no sell off which means liquidation over driving price down.  Near half held by institutions or insiders who are in at much higher prices,

Now we form a base in the mid to high teens and get ready for next update on production or liquidity resolution.

Management executing against strategic plan.  Still need a few stars to align but this looks hopeful and quite lucrative. 
Bullboard Posts