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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 11:56am
148 Views
Post# 23797134

RE:RE:Why annual and "special meeting if there is no special event

RE:RE:Why annual and "special meeting if there is no special event

sasasa123 wrote:
There is no time for "Who knows, Could, may be etc. They have to answer about how they eating investors money as wages.


Agreed - It will be a very ugly AGM. They will bear the burnt othe fury but continue to concole themselves with thier salaries. 

Management needs to be replaced - the entire group. 

CEO - 1 year+ on and his greatest achievement is care and mainteance mode
CFO -  Tried to peddle the $26 million tax credit as something of a saving grace
VP Operations - Really need I say more
VP Business Development - There's been business development? They have supposedly been negotiating a sale or JV or off take aggreement for Araxa since 2012! Ex-CEO and BOD member Silva said it would be in production in 2016! 

Hopefully DB can save us from them and get us a buyout so we don't have to be privy to this horror show of collecting ridiculous compenstation for no performance. 

 

Bullboard Posts