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.

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Itafos Inc

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Comment by Jamessonon Apr 23, 2015 9:59am

105 Views

Post# 23656467

RE:RE:Soon a takeover by B&A Mineracao S.A

The insider B&A Mineracao S.A. that hold 18,170,940 shares didn't sell their shares.

B&A holds a strong position in the marketplace and focus on exploration and development of fertilizer assets.

They are definetly one of the bidders related to the news of April 8th.

The gross PPE (properties, plants and equipments) minus the depreciation = the net PPE asset. For your information, this net PPE asset didn't vanish, it is brand new from 2013-2014.

According to the last financial report, the net PPE is evaluated to 529MM.
And the TOTAL liabilities is at 345MM.

It is easy math,

(529MM - 345MM) divided by 182MMshares = 1.01/share

This is the real value of the company to its owners. The share price doesn't mean anything. This is what an interested bidder looks for.