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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 Psalm9012on Apr 01, 2015 11:36am
162 Views
Post# 23586822

E-mail to Publish Relations

E-mail to Publish RelationsDear Mr. Racanelli, The actions of this company are becoming increasingly more troubling. Why was the last negative news release put out a half hour before market close requiring a trading halt? Was it for dramatic effect? What was the thinking behind it - or is anyone even thinking in this company anymore? In light of this negative release, the company should have at least given shareholders an update on the strategic review process - but no one has done this either. It was understood that there would be some kind of update by the end of the quarter. We know the assets of this company are good and with Deutsche Bank on board there is still hope that we will be saved from the actions of this management that seems intent to drive this company into the ground. Will someone please tell us what is going on? Disillusioned Investor - I have little expectation of a response at this stage as likely others have found, however, the news release shows they are still in play. No release of financials or of this would have indicated the directors and management have walked away like Exall did yesterday.
Bullboard Posts