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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 Psalm9012on Dec 22, 2015 11:22am
177 Views
Post# 24404767

RE:Random Thoughts

RE:Random ThoughtsGood overview. I have refrained from posting for some time. Ive always championed the value of the assets here, but it was suggested that I should tone it down in the rare event that those suing MBAC might become emboldened to hold out for more (i.e. like the profit sharing attempted claim? there are few other sources for info). And so the employees should try to get whatever they can. After all, it seems from the Jusbrasil site, they were not only denied any severance but were also not given their last paycheck - meanwhile it appears management continues to collect their $300,000.00 salaries for an operation that has been down for over a year. Add to this, as earlier suggested, management seems more bent on fighting the former employees in court than to coming to a deal. Yet, from their website they say, MBAC is committed to respecting the rights of all our employees You have to ask yourself if the management is really that pathetic or is there an ulterior motive here. That is, how would management stave off a buyout if it was in one of the original bids or even a hostile bid from coming forward? Its easy, create a liability that will keep anyone from touching this with a 10 foot pole. Why? because the assets really are that good and they want to keep them to themselves through a refinancing deal only. (go to website then link assets then media gallery to remind yourself why the plant alone is worth over US$400 million and would cost more than that to build today) It makes you wonder. Still hoping for that buyout or hostile bid. Heres wishing everyone a Merry Christmas and the prospects of a good new year. Greg
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