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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Chemicals Basic Materials
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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Post by cartoneton Jan 21, 2015 5:34pm
146 Views
Post# 23345911

MBAC puts itself on the block, warns end is near

MBAC puts itself on the block, warns end is nearEND IS NEAR.  OUCH ! 5c tommorrow!!!

Over indebted turd soon in care and maintenance. 

To further preserve its working capital, the company is evaluating the temporary suspension of its operations and putting the project into care and maintenance mode.

the company's ability to continue as a going concern is dependent on obtaining additional working capital financing in the immediate term.

There can be no assurances that the company will pursue or complete a business transaction or sale under its strategic process.


"Strategic review" = MBC shareholders end belly up!


Nice pick, Racket Red!


LMAO!





Bullboard Posts
Dealroom for high-potential pre-IPO opportunities