RE:Enough stupidity..Have you visited mbac plants? Do they really exist. All assets to run exist?
elchorri wrote: Ok retail wayyyyy too much uselessness on this board over the last couple of days... back to school you all once again... Running at full capacity, Itafs should make between 70 to 100 million in EBITDA. Fertilizer companies trade at between 6x and 10x forward EBITDA. Now MBAC's situation is obviously unique (fire sale) so let's use trough EBITDA (70M) and trough multiples (6x) to value this puppy... let's ignore the control premium one usually pays in an acquisition cause of the fire sale situation.. using these numbers we get an EV of $420M, which after $300M in debt leaves us with $120 in equity value vs our current market cap of $18M.. this excludes any sweeteners from the other properties... catch my drift? You selling me your shares at 8 cents.. thank you... please keep doing it! Cause when you can't add or multiply.. you loose big! Quit focusing on useless things retail mopes! The company is in line with its guidance!!!!! All they said was they will have binding (revised) offers by Q2 and they have... As I have said before.. once the offer is picked there is negotiations that need to go on to get all the details in line, so relax retail.. if the math works there is no reason to sell hold... hold your shares and chill. Npv math works, relative valuation math works, book value math works what else do you want?!?! Just to blow your mind a little... Aguila Ltd, which according to my software is considered an insider, continues to accumulate shares through may 15.. currently owns 18% of the co... now go run like a chicken with your head cut off figuring that one out!! Enjoy!