HaMaina wrote:I wonder why all these "prophet of doom" theories and stories are always printed. Personally I honestly don't see how any government can sit back and watch an entire regions economic livelihood destroyed, and I shall keep buying with anything I can spare.
With all due respect,i truly pity you. I cannot understand where you get energr,time and money to invest in flogging a dead horse but then....What the CEO s putting out there is a sick cry. I am 100% certain that msc does not have one litre of ethanol to sell and if they have, where would it be from since the ethanol plant has not run in more than 3 months? Any effort to revive that company will require quite some planning especially on cane development,while the factory also requires quite some investment to bring it back to efficiency of some semblance. On human capital, the company has lost the best sugar industry engineers,production team and sugar technologists in the region and getting them back on board or getting replacements will not be easy and if it happens, it will not be cheap. My fear for now is what is happening to the plant. There are reports of massive vandalism of electrical cables for copper alongside lack of power to keep their DCSs and SCADAs alive. Would i buy the stock for 5 cents.???....NOPE.....I am actually surprised CMA/NSE has continued to allow trading with utter disregard and abandon of the gullible who may be tempted to pump in their pennies on this one...
