Sir, where did you find out they have captive Quartz mines and they are mining it? can you share?
@Sambath found out they dont have any Quartz mine yet and all the natural quartz raw material is sourced from quartz mining supplier.
Thanks-Mahesh
Sir, where did you find out they have captive Quartz mines and they are mining it? can you share?
@Sambath found out they dont have any Quartz mine yet and all the natural quartz raw material is sourced from quartz mining supplier.
Thanks-Mahesh
Good to be contrarian and ask questions. I actually thought otherwise. I thought it was much easier to get a Quarry, mine and was much difficult to process , create Brand, export and compete internationally. Thats just my perception. I think you have raised valid questions and some could be just assumptions. Like for example, nobody in India would even know Quartz Stone and its advantages, so Quartz stone manufacturer has to mostly export. And to export you should be on par with Quality of some one like Caesar Stone and Cambria. And especially American customers are very conscious. So, building that process and network of dealers and market may not be easier for a plain Quart raw material supplier, unless he know what it take and how long it takes.
And what makes you believe granite mines could not have been bought with debt years back?
I think we should find how much do they pay for natural Quart supplier and whats the contract.
Thanks-Mahesh
Exactly .
http://pib.nic.in/newsite/PrintRelease.aspx?relid=95247
why are they not paying royalty on their captive quartz mines - if they are, where is it reflecting ?
Granite mines are not be confused with natural Quartz mines. And also, they pay royalty to Govt for their Granite mines.
Disclosure: Invested, could be biased.
Looking at pokarna's precarious financials over the years, I am wondering how they got the money to buy these - they have been in debt and hardly have had cash. who are these supplier mines - why did they choose pokarna ? why can't they themselves forward integrate and do this
The toughest is to get a quartz mine - not process it - sort of similar to cellular spectrum. once you got the spectrum, equipment and all else only make a marginal difference.
for any mineral, getting access is the biggest moat - not processing it. AFAIK, this brettton stone etals is good marketing spiel but the real question is how do they get such low cost quartz and if they had all of this before, how did things change only in 2014
EvoLve theme by Theme4Press • Powered by WordPress & Rakesh Jhunjhunwala Latest Stock Market News
The Most Valuable Commodity Is Information!