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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 Mar 23, 2016 3:01pm
220 Views
Post# 24694152

RE:MBAC Management wants exactly....

RE:MBAC Management wants exactly....
pakwan11 wrote: A delisting to happen on TSX. I am heavily vested in this but all signs shows they are REALLLLY not making anything happen here: 

If it should take a week to firm something and its taken 4 months of continual extensions, ALL SIGNS shows doom here. If $60k of home property is being auctioned off what do you think is brewing beneath the surface? 

At this point a delisting seems to be an easier and best exit strategy for MBAC here. I hate to say it and not bashing but nothing looks good here. TOO MANY MOVING PARTS TO EXPECT A GOOD OUTCOME. 


It's horrendous what Cristiano and co. have done here. 

Remember he is still earning 300k - he is getting paid as this drags on. 
Bullboard Posts