2012 wrote:invest0r wrote:Mate, this counter is likely to touch lower prices because of the NSSF plan to exit this counter and the general downfall of the market
I didn't know that. Why would NSSF exit Bamburi? Bamburi is like BAT no matter how much it's battered it always comes out stronger.
@2012
My understanding is that NSSF is pulling out of Bamburi with an aim of taking a huge chunk of ARM. This is supposed to be informed by the governments push to lock out Lafarge in the development of Mui Basin in Kitui in favour of the home grown ARM.
Bamburi has been angling itself as the company of choice in controlling limestone and coal from the basin. Kibz administration has been pushed to the extreme to give Lafarge the green light to rape our resources but he seems more enlightened.
The time you should put your money in Bamburi is if an economic hitman finally succeeds in persuading Kibz that he would rather give in or be in trouble as he is disposable.
In that case, Bamburi would build a super factory at the Mui site, mine limestone for its use, mine coal for heating the limestone and powering the factory plus selling excess power to KPLC, reduce power cost down from 40% to 20%, sell coal and clinker to the rest and the sky becomes the limit, even if Chinese and Simba cement dares them.
Right now, a case is ranging between ARM and BC at the Commercial Court if not Arbitration Court over who got the rights to do the mining first and where.
Can you smell the coffee?
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own