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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 upupandaway7on Apr 08, 2015 9:03pm
109 Views
Post# 23611340

RE:Update on Strategic Review Process

RE:Update on Strategic Review ProcessI'm optimistic here. One, they have reached an agreement with auditors and secured the funds to complete the audit on the financials for release at the end of April. Two, to have non-binding indicative offers and expressions of interest from a number of third parties (more than one) is encouraging. Could lead to bidding wars (perfect scenario and dreaming). Either way I take these as positives and will continue holding my shares anticipating action. Cautionary statement of " There can be no assurances that the Company will pursue or complete a business transaction or sale under its strategic process nor that a business transaction or sale will provide any value to all or any stakeholders." is a must in these kinds of communications and should not be taken as negative only.
Bullboard Posts