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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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Comment by khaledbon May 16, 2015 4:12pm
188 Views
Post# 23736411

RE:RE:q1 loss is shocking,the value of Company is diminishing fsat

RE:RE:q1 loss is shocking,the value of Company is diminishing fsat@knowsnothing

May be you are right but ...

Last year  i had a bad experience with one company (TID Tuscany Int. Drilling) . TID filled for Chapter 11 and the Senior lender get the whole company for the amount of his debt. IMO in MBAC case the senior lender will be the unique owner in case of no buyout or JV. He will change the management team (may be M.Cina) and he will push it to full production, no debt payment problem as he is the owner. but in this case shareholders will be wiped out. But there is big chance that others third parties will compete with the senior lender and they will offer higher bids than the total debt ,,as we know ltafos is the second big SSP plant in Brazil...last thing Chapter 11 is the worst option to everyone especailly to the senior lender it  will cost millions and it will take a long time, long procedure  ... so chances for bankruptcy is really 1 per cent.
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