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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 Jun 15, 2017 1:47pm
152 Views
Post# 26367126

RE:One month left

RE:One month left
L0NDONTRADER wrote: Not too long to wait now, im quietly confident that we will get a news update soon to confirm progress is being made to meet thwir production goals. At the least a workforce in place and brought the equipment out of care and maintenance. You have to wonder if any old staff members came back after they were treated badly by mbac and what equipment went walkies and whats still in ok condition. Does anykne know what was auctioned off during the prior court battle and what they need to buy again?


15 days left until H2 ends and I have doubts any announcment will be forthcoming in-terms of commencing operatons once again. Likely to be delayed and I don't anticipate an announcment until late July or August at the earliest.

If I recall from old MD&A's the cost to resume operations for the auctioned off, stolen and destroyed equipment was approximately $6 Million. More equipment was stolen or damaged then was oringinally let on.

Only news that matters is postive earning quarter after quarter - everything else is just useless.


Bullboard Posts