Replies to post #4325 on Century Petroleum Corp (CYPE)

[stervc]

dabullishbear, with this plant confirmation article...

This is a very powerful article in my opinion as it confirms that the CYPE/Ibeto Cement Company growth is just getting started:

http://news.bounce.ng/Content/14-years-after-nigerias-first-cement-plant-to-resume-production-20171102
14 Years After: Nigeria’s First Cement Plant To Resume Production

The company’s latest core investor is Ibeto Group after it entered into a pact with Ebonyi State government to revitalize the factory. ...

The company’s latest core investor is Ibeto Group after it entered into a pact with Ebonyi State government to revitalize the factory. ...

The governor, who spoke at Abakaliki, said that Ibeto Group is fabricating machines that would enable return to production of cement at NIGERCEM. ...

The revitalization of the company may sound interesting to millions of unemployed Nigerians living in that part of the country. ...

From the Ibeto website:

http://ibeto.com/IBETO-page.asp?P=24
EASTERN BULKCEM COMPANY LTD.

This is a subsidiary of Ibeto Cement Company Limited and is also engaged in the business of importation of bulk cement and bagging of same in its factory premises in Rumuolumeni waterfront, Rivers State. This company also owns 60% of Nigeria Cement Company Plc (NIGERCEM), Nkalagu, Ebonyi State. This situation has empowered Ibeto Cement to commence the expeditious resuscitation of the old Nigercem plant and the construction of a brand new dry-process plant.

v/r
Sterling