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.

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Itafos Inc

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Comment by kisstopherpon Jul 25, 2016 9:28am

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Post# 25080901

RE:RE:RE:So does anyone have any idea

AlbertNabelsi wrote: While I definetly agree with you that what was said by some in the past were at best ridicuolous, I don't think people should just dump their shares as soon as possible. If I recall correctly, even after we end up with 2 percent of the total shares, the value (not price!) of the share should be 0.05 - 0.08 dollars. I think patience is key here. Either way, best of luck to everyone, hopefully we won't walk away with a total loss here.

It was 8c BOOK value - effectively 0 for us. This is what they spent 1+ year negotiating.

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