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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 Jul 03, 2015 2:49pm
85 Views
Post# 23890332

RE:RE:RE:RE:The price is right game (for fun)

RE:RE:RE:RE:The price is right game (for fun)
Winny1 wrote:
kisstopherp wrote:
Winny1 wrote: I will not be happy if the buyout is less than 25 cents. I'm hoping for 40 cents. So we wait and wait until that day comes. GLTA


Personally I would temper your expectations - .25c is highly probable. Even .20c. The longer this goes the worse it is.


The last time I witnessed a buyout was Duluth Metals. I bought in at 8 cents and the next day they announced a buyout of 45?cents. It's apples to oranges of course, but I feel I just might see that again. I think 25 cents is reasonable even for a distressed company like MBC. The huge debt was mostly as a result of building that mine. Am I right? Management didn't throw away all that 300 million.


You can't compare the two - different commodoties, different outlooks, different debt levels etc.

It's apples and oranges indeed.

Yes the debt associated with ITAFOS. Ironically MBAC would like be worth more without ITAFOS and without the debt. Ironically any company would have to build the plant themselves however it is the debt that reduces our leverage and makes us a distressed company.

Also note that ITAFOS, was over budget, delayed and built at time when inflation was high in Brazil. Any plant built now will be done so significantly cheaper.
Bullboard Posts