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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 Mineralrunneron Mar 23, 2022 6:52pm
108 Views
Post# 34539672

RE:RE:RE:RE:Does anyone have access

RE:RE:RE:RE:Does anyone have accessIt wasn't just the 25k block.  What caught my attention, today (and maybe last few days idk) were the 2 blocks of 25k shares.  Firstly, one popped up at 2.70 and secondly two popped up later at 2.70 and 2.80.  This and peculiar surrounding trading action that I witnessed in terms of transaction times, volumes in spurts, the bid/ask depth, buy/sell brokers (i watched the two latter ones all day for the most part), small volumes but lots of them.  For now it's purely an observation and does not mean anything.  Also, the 330k shares that were shorted as reported Feb 28 and closed out before March 15.  Just strange.

A going private transaction has not come to mind, I agree with Cody.  I've been involved in 2.  There are a number of rights and protections for minority shareholders including fair market value and appraisel rights.  FMV, like Cody, is no where near $3.  I'll wait until i see the numbers and narrative first to estimate a range of share prices at FMV and update my back of napkin model (consistent what valuators' approaches are and based on adjusted EBITDA + other important assets Farim, Arraias, etc)
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