Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

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

Itafos Inc

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Comment by kisstopherpon Mar 17, 2016 8:43am

170 Views

Post# 24668694

RE:RE:RE:RE:Response from Company

TMoney007 wrote: The more this goes on it looks like they are going to dilute the stock and get the mine started up again. Maybe once the mine is profitable they can then sell it for a small profit. We are probably looking at a 2 year deal here.

TMoney - I hope your wrong (thought I suspect your correct).

I do not want to the plant and MBAC to continue on - I maintain that the only way to derive any value for shareholder is through a straight buyout period.

Dilution to a Billion shares will lead to the inevitable share roll-back.

I'm still pryaing that one of the spurnned original or Anglo bidders makes a bid for this.

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