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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

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Post by Mineralrunneron Aug 07, 2022 6:39pm
297 Views
Post# 34877569

Raymond James Article

Raymond James ArticleI suspect we'll get the earnings this week, latest next week.  Came across this recent article on IFOS by Raymond James. It's an edited version of original, first published June17 2022, now free to view to non-subscribers.

https://www.adviceforinvestors.com/news/bargain-stocks/fertile-ground-to-plant-some-seed-money-in/#gsc.tab=0

"catalyst-rich with attractive upside"

"...as management is reportedly making solid progress toward surfacing value from its non-core assets"

The last two quotes are interesting "we suspect interest in these assets continues to grow - as does their implied value"

At the time written, rated by Raymond James as its best buy - the highest category for them.

It would be nice to see some action soon on anything or at minimum a real update rather than single sentence reporting: non-core asset strategy, update report on Arraias, status of permitting for H1/NDR, possible refinancing on debt for better terms.



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