Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

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.

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Itafos Inc

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Comment by kisstopherpon Apr 16, 2015 10:22am

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Post# 23635897

RE:RE:RE:RE:RE:RE:RE:Strategic partner

Timorron wrote: If i were a potential buyer of mbc i would make an offer no greater than the value of the debt of 300M$. What are the options of the company now that they are techically bankrupted. It is not business as usual and they are stretched at the maximum with lenders and government.

Hence the multiple bidders - You wont offer that if you want the company that badly. You have to also consider what other will bid.

The low-end estimate of the value of the 3 properties reserves are $100 million. However, given that this is a fire sale if you get 50% of that your lucky.

A company like Mosaic wouldn't lose out on this oppurtunity for $50 million dollars. $300 or $350 not material given the value that his here for the nxt 20 years.

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