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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 Nov 03, 2015 12:20pm
137 Views
Post# 24253755

RE:..new direction

RE:..new direction

George141 wrote:
..well the company is in negotiations. Clearly they are waiting for the courts .This could also be a time for the company to find a new buyer since both parties are free to break off negotiations. So MBC has all options available especially with a court settlement in the works...


We had multiple suitors who made two bids each - the original and revised. 

There is no shortage of interest.

Our BOD is comprised of the exact people that drove the company into the ground and are now negotiating on our behalf. 

ITAFOS is not an asset it was and is a huge liability. If we didn't build it we would be worth significantly more. Ironicaly nobody wants the plant they want the reserves. 

Allana Potash had only two bids - one serious and one not serious and they were able to exact signficant value. 

MBAC is run by a bunch of clowns - I'm not sure even DB can save them. 

The market has made it known it wants a FULL buyout not a JV partner with massive dilution. 

MBAC destroying shareholder value one NR at a time. 

Bullboard Posts