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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 maintenance1on Nov 06, 2014 11:19pm
167 Views
Post# 23105182

RE:RE:well 1, maybe 2 trading days left

RE:RE:well 1, maybe 2 trading days leftThat is a pretty high level of confidence.

Reading about the "indications" from bankers and then reading that $2.8M has already been disbursed seems inconsistent. Perhaps there are poor word choices, perhaps from a language barrier, I don't know. To me it causes doubts regarding short term liquidity. The fact that they got extentions on payment due in a year or two doesn't mean much if they can't get through this year. 

You're right about too much nonsense on this board. There does seem to be more here than most boards. There is still some inteligent conversation in between the nonsense. It does waste more time to wade through it to get to posts that are to discuss the company's and sharholder's issues. 

For daytrading, this stock has been good for the last several days. I think it will continue that way for a while yet. 

I wish I shared your confidence that upcomiing news will be good. Until then, I will keep my small position.


Bullboard Posts
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