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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 upupandaway7on Jun 15, 2015 8:59am
133 Views
Post# 23830270

RE:RE:RE:News Release just out this morning

RE:RE:RE:News Release just out this morning
supra48 wrote:
trader99999 wrote: So 2 things:
1.  They have received multiple revised proposals.
2.  The law suits are being strongly contested with the help of senior lenders, which you know will have connections in the government.  Someone will get pais off and the lawsuit will go away.


Why didn't they put this news release out long time ago, we have known this for weeks now.


No doubt, this news would have been most welcome earlier, but I like one other comment a lot "Upon final settlement the chosen proposal is expected to address MBAC's liquidity requirements together with all other issues described below and result in the resumption of operations at its Itafós Arraias Operations". This caption to me is huge and will bring some activity on the stock I hope. If we dip further, I'm loading up on my existing holdings.
Bullboard Posts