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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
Comment by kisstopherpon Aug 05, 2015 8:06am
94 Views
Post# 23989838

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:AM I WRONG ?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:AM I WRONG ?

masfortuna wrote: Hey Dog! I have been here since the pop.  I have bought in at .04 and all the way to .12 with an average of about .05.  This thing is toast.  i am not saying this because I want it to be that way.  It just looks like we lose.  Tomorrow i am selling my shares at what i can get at a loss (albeit a small one).  Kris I believe feels  a lot like I do.  It's just that he vocalized it here in the Bull.  Giving his opinion is not allowed here?  I have listened to you speak about .70 cents.  My math gave me a different picture with .15 -.30 as a range months ago. That was your opinion so i didn't challenge it but i draw the line when with your clairvoyante powers you know what stock people should buy and not buy.  Keep the conversation here related to the stock pls.



Masfortuna thanks for stepping out of the shadows! 

There are many who think the last NR was positive for shareholders! They can't see the forest for the trees. 

On Monday the NR should have said MBAC sold for .25 a 177% premium to the 50 DMA. 

It's clear from the NR this won't be sold in a buyout, nor a JV, nor an assest sale but rather a recapilization (i.e. massive dilution) 

Sadly of the 5 options available were getting the 4th best option - 1 above bankruptcy.

When management talks about 'shareholders' there talking about themselves ensuring: a) being fully employed and b) while being PAID SALARY can wait years until value is achieved once again. 

Does anyone want to be in this for years? Hasn't this been a horriyfing enough experience?

I never thought I'd say this but lets hope that MBAC lawyers words hold true 'this is being SOLD' 

 

Bullboard Posts