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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 Psalm9012on Dec 22, 2014 10:57am
245 Views
Post# 23255819

RE:RE:RE:RE:talked to the CFO

RE:RE:RE:RE:talked to the CFOFew comments: 1) re "... one of the banks had not sold any shares yet..." may be read in a negative light. From what I gather that bank is International Finance Corp. that continues to hold its 10.8 million share position. But more importantly, B&A Mineracao S.A. has 18.2 million shares - down only slightly from the 18.7 million back in March. Add this to the 22 million shares still held by insiders and you have almost 30% of the company held by those with a vested interest to see it succeed. 2) re back in April the company said it needed $40 million - well it raised $20.7 million (all U.S.$) last April in the share offering, another $18.2 million in August, and finally another $6.7 million in October - which would be more than enough. I assume the share offering does not count which would leave us $15.1 million short - relatively little in the scope of the whole picture. Keep in mind, as discussed earlier we should be able to get $270 - $290 U.S. per tonne SSP in 2015 as 2013/2014 were artificially depressed. 3) Finally, the mention of "strategic partners" is a relief as it would see the return of a fair value to the shares unlike the steal of a cheap buyout. Thanks Realreturns for your persistence. It looks like 2015 will be a good year. Merry Christmas to all. Greg
Bullboard Posts