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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

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

Bullboard Posts
Comment by kisstopherpon Jun 04, 2015 10:24am
108 Views
Post# 23796675

RE:RE:RE:RE:Old dog

RE:RE:RE:RE:Old dog
Vodkq04 wrote:
kisstopherp wrote:
pakwan11 wrote: Old dog cant give you an answer to this without pure speculation. He can just be hopeful as you can be. 


Exactly - He also thinks this will sell for .70c. 

The longer this goes the worse it will be - I have seen strategic reviews go one for a year, 18 months.

It's a structured sale but I hope that the legnth in time is a result of multiple bids vs. no bids. 

For what it's worth (which isn't anything) I'm reducting my previously stated 

.25 to .35c buyout price to .20 to .25c 

It's a fire sale - MBAC has no leverage and is seriously distressed. MBAC has disappointed countless times before I'm just hoping Duetche Bank doesn't catch the sickness too..

 


They announced a vote for 30th of june, so there has to be something good or bad. Or do is see this timeframe wrong?


June 30th is the AGM - that will go on regardless if they have a deal or not.  

The strategic review is independent of this. While it would make sense to have a vote it doesn't mean there has to be one. 

We get to vote on Board of Directors members etc. 

Bullboard Posts