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

Comment by kisstopherpon Jul 29, 2015 3:39pm

165 Views

Post# 23973122

RE:RE:"The offer, which involves a recapitalization..."

jplordure wrote:

axim888 wrote:

Can someone offer their thinking/opinion on this line from the NR "The offer, which involves a recapitalization of the Company..."? Couldn't this be similar to PDL - debt for shares? I guess in the loooong run the SP could go up after plant up and running and doing well (?)

Thats very True.... but if our shares become 10% of the float... it will take a lot of profit to make our SP interesting. (For the longs of course. At 4 cents... it could be a tripple bagger within the ramp up)

I actually believe they are asking creditors to write-off a portion of the debt - not even debt to equity. Thier using the threat of bankruptcy to say cut 20% etc. or risk losing 100%.

MBAC is pissing off everybody.

Bullboard Posts

The top 10 Canadian medical stocks