@qW; are u sure it will reach 6/=? I used to think so but not anymore. Even if Kebati! replaces Kidero as the C.E.O. Where are you reading these charts with support at that level?

I believe better days are ahead for Mumias .Technically what i am sayin is that it might reach 6.00 since it broke its support that was at 9.00 level. Yet again the c.e.o was qouted by reuters sayin that 2H ( which is due end year ) will be better since they crushed mo' sugar.I also find it real hard for this stock to head to 6.00 but yet again the market can stay irrational for a long time and i will use that to my advantage.
Bytheway w/ the positive words from my c.e.o i expect the said good performance to start being factored in maybe a month or so before the actual announcement.thus who really want to sell at 6.00 ????
but shld it break to 6.00 i will gladly add more and keep for several years..
so really if you talk trash about this stock is plainly out of ignorance !!!!!!!!

here's the link of the interview with the c.e.o , Mumias.

http://af.reuters.com/ar...ws/idAFJOE71304L20110204

the day Mumias will start processing sugar at TARDA that will be the turnaround of the company and it will become a major player in the African and international sugar market

@ y .Yes the sugarcane grown at the coast grows faster than the comesa variety (in about 4-5 months) and thats y the co. is sinkin in > 24 billion to get the project out of the ground.
and those who were actually pushing this stock upto 3.00 ( comparin it to makin batteries is just absurd).Me i say Mumias is a buy for the long term...but a good entry price is becoming elusive.its best to wait and see.

TARDA is expected to be a combination of:

- Better/faster maturing cane varieties
- Irrigation [thus better yields]
- Better 'design' of the farms & transport systems to the factories [Cheaper costs + Higher sucrose levels of 'faster' deliveries]
- Better/higher use of fertilizers [Higher Yields]