Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Psalm9012on Nov 11, 2014 9:34am
214 Views
Post# 23116610

RE:What exactly do people expect to see in the next report?

RE:What exactly do people expect to see in the next report?Why wouldn't you expect commercial production status for October? They produced 22,000 tonnes SSP in Sept. and 25,000 tonnes is needed to reach commercial. They also announced daily production record of 1,700 tonnes in Sept. Extrapolated means 51,000 tonnes so just half that daily gives commercial. I am further confident of the investment as both management and the banks "have skin in the game". Eight management/directors participated in in last April's financing to the tune of 5.4 million shares @ $0.70 for $3.8 million and two financial institutions hold a total of 29 million shares. That means just a year ago they had had $60 million invested here. That's a lot more than they are earning on interest on the loans and I'm sure they would want to make it back on the shares. Greg
Bullboard Posts