Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

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

Itafos Inc

Bullboard Posts

Post by kisstopherpon Jul 28, 2015 10:44am

180 Views

Post# 23966884

MBAC = Drama

Why is it that it seems every other company can be sold without any drama?

Allana Potash had two bids and sold with no drama. Duluth Metals might have had only one bid and it too sold without any drama.

Why is everything so complicated with MBAC?

Clearly none of the bidders believes the company is profitable or sustainable with it's current debt structure. But I just can't believe that the reserves and completed plant aren't worth going after even if ITAFOS cost too much.

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week