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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 keeniinvestoron Jul 27, 2015 11:58am
261 Views
Post# 23963124

I was in this ...

I was in this ...
in the .015 - .18 days but have watched it very closely since. I can tell you that this company has a habit of being very strategic with its NRs. For instance, most negative NRs are released Friday after market to give people time to digest the news rather than simply react to it. They also put out a NR mid week or so (re: financing I believe) which resulted in a drop to the doomed .005 only to have it rebound quickly. I find this to be a very vague NR. The unknowns outweigh any actual news. All I get is that they are locked into something with somebody til maybe Sep and that somebody has lent them some amount of money for a whopping 15% interest. Sounds like a bit of a cash grab from that somebody.
Bullboard Posts