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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 19, 2015 8:20am
176 Views
Post# 24030670

RE:RE:RE:here is why i think MBC is dangerous play right now

RE:RE:RE:here is why i think MBC is dangerous play right now
old_dog wrote: I believe there are actually 4 sides in the bigger scheme of things. SIDE 1 The company making the offer. SIDE 2 The insiders that fronted money and that are in for $2.00 PLUS.......SIDE 3 Managemant trying to keep their jobs knowing that if it falis it follows them like a ton of POOH... Last but not least SIDE 4...the shareholder that bought in the 1 to 15 cent range or averaged down to that level.....Any offer in the 25 to 30 cent range would be at least a double and if nothing else close if not 51 percent of the company. The company know it has value....the offerer knows it has value.


book on th company is now in the 60 cent range.

To say nothing of the income tax write-offs that the company should be able to use in forward years.

old_dog


Interesting your observations old_dog are becoming clearer and less delusional. 

"Any offer in the 25 to 30 cent range" 

If I recall that was my price prediction about 6+ months ago.

Welcome to the club of reality! 


Bullboard Posts