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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 23, 2021 7:10pm
160 Views
Post# 34159409

RE:RE:ESG Report--- Is Something Brewing Behind The Scene?

RE:RE:ESG Report--- Is Something Brewing Behind The Scene?
all on point!! Why else would they all of a sudden do a redomicilation to the United States? For years they were addressed to the Cayman islands and then in July made the transition to US. Either someone is looking to back them for a big project like Farim or someone is looking to buy them out. Regardless it's in our benefit. The first round of investors got there legs cut off when mbac went bankrupt and maybe that's why investors are leery of this. But this is a different ball game now, things are happening and I've never seen them issue so many news releases! There building on there momentum for something big. $1.35 is a steal for this company with only upside to it. Golder Associates will release three study this quarter and I'm excited to see the path forward. Whoever is selling at 1.35 is crazy. My average share buy in is .69 so I've essential doubled my investment but I'm not selling. This thing has huge potential and its right around the corner. They've applied and were granted huge tax breaks from the Brazilian government and fertilizer prices are at historic highs. They're starting back up acid production at arraias. The writing is on the wall folks, this stock is not going backwards it's only going up!! Also I know a lot of what I just posted are personal thoughts and beliefs, but look at there financials for reassurance. GLTA :)
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