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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 Psalm9012on Oct 30, 2015 5:37pm
185 Views
Post# 24245455

Clarification of October 30 Significance

Clarification of October 30 SignificanceI think we are all wrongly assuming a deal is supposed to be finalized by today and press released. That's not what the last press released said. It simply said the firm we were in negotiations with has been given an exclusivity period up to October 30. Nothing more. It now means they are again open to other offers after today. It would be appropriate to press release something but I've come to expect little from this group. On another matter, someone recently mentioned tax loss value. There may potentially be a lot of value here simply due to tax loss pools to a multinational player. Brazil allows both operational and non-operational (capital) tax losses to be carried forward indefinitely. Still hoping for that hostile bid with all the value of the assets, foreign exchange benefits, and the tax loss pool. Greg
Bullboard Posts