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.

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Itafos Inc

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Comment by kisstopherpon Jul 28, 2015 2:23pm

177 Views

Post# 23968264

RE:RE:Marrone Leaving & Behind the Scenes

kisstopherp wrote:
Greg - "Rio Verde properties is unlikely to play out anymore. B&A may well work with MBAC to get this from shareholders for next to nothing"

Why screw MBAC shareholders and not Rio Verde? What is different about our situation that makes us so easily screwed? My guess is the fact were distressed and have no leverage.

Found my answer - Looks like Rio Verde was debt free and sold for approximately $35 million at .40c a share.

https://www.slideshare.net/Equicom/rio-verde-minerals-investor-presentation

Did ICL try and screw Allana Potash shareholders? No they offered the going rate for a single tonne of potash at $93 for the remaining 83% remaining for the company they ddidn't already own.

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