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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 Stock1998on Oct 24, 2014 12:47pm
153 Views
Post# 23058744

RE:SSP price/tonnes

RE:SSP price/tonnesThe lack of working capital is blamed for the slow rampup, and working capital issue, at least in part, is caused by the low selling price of SSP, which led to significantly lower cash inflow than expected.

MBAC sold 70k tons of SSP for $14 million until September.

If MBAC had sold at its projected price of #335, then all else being equal, the company could have had about $9 million as incremental cash inflow, which is greater than the new amount (less than 7 million) indicated by the lenders.

SSP price may not be controlled by the company. There are highs and lows of fertilizer price and higher price may come eventually.
Bullboard Posts