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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
Post by northcoaston Jul 02, 2015 5:44pm
203 Views
Post# 23887899

The vote was good probably

The vote was good probablyEven though I voted against most of them, I'm glad they're all back. Any change at this point might disrupt the selling process somehow. We really shouldn't care if they are on the BOD because we'll never see them manage it again. We are here to see MBAC sold. If any of them were forced to leave, shareholders may have had to pay them more out of our cut. In the end, Deutsche Bank and the current BOD are already working on the offers; it is good not to confuse them even more with a disruption. So, a good result, I think.
Bullboard Posts