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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

Comment by CanadianCodyon Nov 19, 2021 6:20pm
141 Views
Post# 34148299

RE:Next Steps

RE:Next StepsAgreed!! TSX would get this thing too 100k plus volume a day. Its undervalued at this point considering the EPS. Share prices should be around the 3-4 dollars range with current financials. MAP prices are through the roof and have no signs of retreating anytime soon. So if you price that into the market price you should be around $5 per share. For weeks there's been huge selling @ 1.35, one big investor is happy to sell at that price and is happy to unload. The last big ask was 40k and was gobbled up so I hope that's the last of his position. I've been buying into this company for the past 3 years and have a large steak in it myself, I know the value here. Next big news will come this quarter when the plan comes out on how to reopen Arraias.
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