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 Jun 02, 2015 9:31pm

148 Views

Post# 23791681

RE:Food for thought....Bankruptcy Claim!!

Elwapo wrote:
What good would claiming bankruptcy do for the company and its investors....Nadda, unless MBC is in to screww everyone involved here.....Too much at Stake to run the Company into the ground....but hey stranger things have and could happen!!!

Bankruptcy is never preferred - sometimes its unavoidable.

Logic has never worked with MBAC.

I just can't see any feasible way multiple lenders would giva another $7 million dollars without already seeing what the indicative offers were around.

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