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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 Mar 30, 2016 11:03am
229 Views
Post# 24710914

RE:QUESTION ?

RE:QUESTION ?Read between the lines. They were so certain they were going to complete the deal before the annual report was due that they didn't bother with it. This is the apparent reason - though strange - of the weekly updates. They keep anticipating certain issues would be wrapped up but instead they drag on. Clearly, there is something outstanding that they can't quite close on. The sellers today will be bipolar traders who, like today say sell as it will go to one cent but last week were saying they knew ICL was buying the company and it was going to $0.26. If you sell, there is a danger now of not getting back into the stock before a deal is announced. Greg
Bullboard Posts