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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
Post by cinram02on Oct 01, 2015 12:25pm
181 Views
Post# 24153687

Someone knows something before the rest of us

Someone knows something before the rest of us
Or this is pure manipulation. Although I myself doubt that because 5m shares = 200k CDN. quite a large sum to manipulate a penny stock.

either case, it is the BOD's ethic that I don't have faith with. I just don't think these Brazilians are working in any way for the interest of Canadian share holders. The fact that they are still trading in TSX is a myth for me.

I sold my shares at 3c a while back, took my lose, and now sitting on the sidelines of this thing. 80% gain in one day is very tempting but for an outsider like myself, that is, not in the inner-loop of the BOD's friends, I still think the risk is too great to dive into this.

good luck to all.
Bullboard Posts