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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Chemicals Chemicals
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

Itafos Inc
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Comment by seanmac12on Oct 30, 2014 9:17am
142 Views
Post# 23075768

RE:Whats the word on this play?

RE:Whats the word on this play?Debt was coming due. Production was slowly ramping up, with taking other's product for the factory run up utilization was the main factors. The run up again is due to the debt extensions to 2016,2018,2020 and an extra $16 million provided capital. And they announced commercial production is imminent.


MBAC Signs Senior Debt Extension Agreements, Receives Indication of a Commitment for Additional R$16 MM of Working Capital and Provides Update on Liquidity Initiatives
Read more at https://www.stockhouse.com/news/press-releases/2014/10/22/mbac-signs-senior-debt-extension-agreements-receives-indication-of-a-commitment#lK6apEsYIQJ5oLGr.99
Bullboard Posts
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