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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 08, 2015 1:41pm
206 Views
Post# 23807756

RE:deep silence......big surprised?

RE:deep silence......big surprised?

ompong12 wrote:
i hope this deep silence bring a big and great suprises to all of us who are patiently waiting in the strategic review result. Im 100% convinced that the management with the help of Deutsche Bank will have a win win solution for all the stakeholders of the company so everybody can move on.



This has nothing to do with management (thankfully) - It's DB and the special commitee of the BOD. 

Management are collecting paycheques - $1 million in total compensation in total by end of June. 

Preservation of working capital was to have enough cash on hand to keep paying themselves. 

Ironically we have no money to pay thier severance for the 'Pinto Agreement' and 'Melcher Agreement' so we just continue to pay them. 


 

Bullboard Posts