Thinking about Mumias

With the share price tanking as it is one has to wonder at what point should I jump in? Consider this, Mumias must have alot of old plant and equipment resulting in poor cost of goods produced. Since Kidero walked in I'd assume that he has figured out a medium-term plan to progressively improve efficiency and slowly lower cost of production per kilo. If you follow this argument and add the assumption that Kenya's domestic sugar market will continue to be protected and high domestic prices will pertain, then this stock starts to look even more interesting. Have we seen anything similar to this? I think so, EABL is more or less the same story of new management coming in and improving efficiency ratios leading to a consistent appreciation in the share price. Finally, add the fact that the largest shareholder is GoK with 20%! Mumias is a sitting duck for a takeover. Watch this space.