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This produces fertilizers based on phosphate rather than potash. This has consolidated three projects including a mine in Brazil and a plant that it purchased very cheaply from Potash before its merger with Agrium. The price of phosphate collapsed but is now coming back. He sees this as a great growth story for the next up-cycle in agriculture. (Analysts’ price target is 3.90$)
If you invest in this, it is like buying a lottery ticket. They are looking at strategic alternatives, so every week they come out with announcements. Currently working with a company that may move in and take them over. That company has lent them a little money, although the interest rate is 15%. Right now the mines are not operating. Lost about $100 million in the last 9 months.
There has been a lot of insider buying, which is always a good sign. They’ve go into small deserted gold mines and chemically treat them in order to extract potash. Roads have already been built, so infrastructure is already there. Very low liquidity, so highly volatile.
Your thoughts on its Brazilian properties, as a long-term investment. One of the 1st concerns on Brazilian properties is pricing which has had a tremendous run up. There are companies, such as Adecoagro SA (AGRO-N) which have better risk adjusted trades on agriculture and farm land. Great country to invest in for the next 20 years, but is becoming a more challenging environment for Brazilian farmland.
(Market Call Minute.) Good Brazilian name. Fully financed. Good group of assets.
Itafos is a Canadian stock, trading under the symbol IFOS-X on the TSX Venture Exchange (IFOS-CV). It is usually referred to as TSXV:IFOS or IFOS-X
In the last year, there was no coverage of Itafos published on Stockchase.
Itafos was recommended as a Top Pick by on . Read the latest stock experts ratings for Itafos.
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0 stock analysts on Stockchase covered Itafos In the last year. It is a trending stock that is worth watching.
On 2024-10-04, Itafos (IFOS-X) stock closed at a price of $1.56.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They have been growing their top-line quickly over the last quarters. Net profit margins are improving. Although debt is quite elevated, they have cash balances and equity positions that are decent. Valuation is cheap and future growth estimates are good.A smaller size so could see higher volatility. Unlock Premium - Try 5i Free