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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 maintenance1on Nov 05, 2014 3:15pm
191 Views
Post# 23098676

Risks

RisksFrom what I have been able to glean over the last week or so that I have followed this stock, there is one major risk. The production is an issue to be sure but certainly not the biggest issue. They have "indications" from bankers for working capital. I have never heard of an employee willing to to accept "indications" instead of cash on payday.

There is a lot of upside potential here. Enormous, really. The downside is that the stock could go to zero before the month is over.  Until we see some evidence of cash in the immediate term, the risk is huge. Let's hope employee's paychecks don't bounce.

I have a small position. Hopefuly I don't lose it.
Bullboard Posts
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