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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.


TSXV:IFOS - Post by User

Itafos Inc
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(18)
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Comment by kisstopherpon May 16, 2015 5:28pm
178 Views
Post# 23736508

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 wrote:    Do not get caught in the middle of this, if anyone is interested in buying the company, and probably there is, they will do it when the company goes under. When they claim bankruptcy the suitor will get it for cents on the dollar, a fraction of the price they would pay for now. DO NOT BE STUPID and buy it now, it is common sense, next news will be the company can not find a suitor and they are filing for Chapter 11, then the suitor will get the whole project for $100 million


Anything is possible however, this scenario is not highly probable given past events.

1) Lenders are also shareholders
2) They could have refused to extend the debt in the first place
3) They continue to lend more money 

If the lenders wanted to take this over they would have done it long ago. 
Bullboard Posts
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