Fox Marble Share Discussion Threads

[juleshoddy] 08/9/2016 07:52

At least this development looks genuine. have a look at the clubhouse, bathrooms and dining rooms. looks like our marble is to go in there? : I might buy myself one, or two, of the penthouses with my FOX gains. Yeah, right, It'll be a one room HMO for some time for me!

[wolstencroft] 08/9/2016 07:35

Compare that with Zhong...

"Sales agency agreement with Zhong Shengdestone Co.,Ltd (“ZSC”) signed in December 2014 with minimum quantity of 10,000 tonnes per annum"

[wolstencroft] 08/9/2016 07:27

"2,000 square metres over the next two years"

1000 square meters a year, 50 kilos a square meter for 20mm marble, 50,000 kilos, 50 tons?

Am I right? Is that worth RNSing?

Fox say "Sivec marble prices begin from €500 per metric tonne (unprocessed) representing the most expensive marble in the current Fox Marble portfolio"

[glennborthwick] 01/9/2016 12:39

I agree - although market cap is small enough that if they can actually get the plant up and running and sell in the Balkans without the imaginary orders they could be ok and it's job done. Its just the whole mystrerious background of it all. My gut feeling was that these orders were done to get the placings away but who knows.

[paleje] 01/9/2016 11:23

Interesting to note the share price has remained stable these last few weeks in fact even slightly strengthened. The background exposures on some of their 'customers' don't seem to be panicking anyone. Not yet anyway but with numbers later this month I think people will expect a further update.

[gutterhead] 31/8/2016 21:44

The lack of a statement from the company says it all. They should be clarifying the position for the shareholders. The silence is disrespectful to us. Shameful.

[andy] 31/8/2016 17:10

UJ,

Thanks for the information re tonight, I'll see you there.


"love"? Hmmmm

Clearly this is a move away from his field of expertise, that could be why.

[uncle john] 31/8/2016 14:48

I decided to go back to as close to the beginning of Fox as is easily obtained.
The 2nd RNS on ADVFN is an Interim Results Report 28/09/2012
It gives Chris Gilbert’s cv. He was Director of several successful music businesses that were sold off.

Co-founder, Infectious Records, an independent record company which grew to be one of the most successful independent record companies in the UK until it was sold to Rupert Murdoch's News Corporation in 1999.
Founder of Auriga Networks, a satellite transmission company which has developed a unique technology to deliver mpeg 3 video over VSAT networks and numbers amongst its clients NATO, the British and US Army, BBC, Fox Television and CBS News.
co-founded DarkStar Technologies, a hi tech start up providing internet security and data management services to the entertainment industry with such clients as EMI, Sony, BMG, Warner Brothers Pictures and Universal-NBC, subsequently sold in 2010.
In 2005, Chris co-founded Crosstown Songs, a buy & build music publishing venture funded by Cargill which became a major independent music publishing company which was sold to KKR / Bertelsmann in 2009.

Some of these music companies still exist, I have looked at web-sites and am pretty certain that I have never knowingly listened to any of the artists described.

The point I am making is with that kind of experience in industries in which it is difficult to survive but he prospered. So why is Chris making such a meal of FOX? Might it be pressure from the partner who is Kosovan. Has love blinded him?

Wols, can we get any idea of his personal worth or what he raised from the previous deals?

[andy] 31/8/2016 14:31

david,

I do realise that thanks, but as they are presenting it as their own website, then they are making the claim about Eboracum being "in business since 1902", which is clearly not true.

A casual visitor to the Eboracum website would not know it has been cloned from Aplpha's website, so would take the claims made at face value would they not?

I call that false and misleading, some might call it stronger words!

[uncle john] 31/8/2016 14:30

Edenville is a wannabe coal-to-power in Tanzania but not far advanced, they have a BB thread.
Bangers, Eldon House, Wilson Street. 18.00hrs Northland and Optiva are Nomad & broker
phone Heather Armstrong 020 3053 8671

[davidpqz] 31/8/2016 14:20

Hi Andy. What you have to realize about the Erboracum website is that it is a copy of Alpha marble and Granite's website. They started trading in 1902!

hxxp://www.eboracum-marble.co.uk/
hxxp://www.alphamarbleandgranite.com/

Compare and contrast! Someone on here actually contacted Alpha (a genuine company) who reported that they had never heard of Erboracum.

[wolstencroft] 31/8/2016 13:36

...or one where the director's previous one went into liquidation and he wont answer any questions....

[andy] 31/8/2016 13:34

UJ,

Where, and at what time please?

Not a fan of Kibo personally after his reaction to basic questions after his Proactive presentation.


harold,

Good question, but can you remember NED's taking on the CEO of a company? I doubt it will happen.

Eventually FOX will have to reveal their sales figures and then we shall see.

Surely if an order is long overdue, as per Tom's article, they will eventually have to pursue that company for the shortfall? How long does he think is reasonable to wait I wonder?

I wonder how they will get on with a Gibraltar registered company domiciled in Nevis? Or one domiciled in China?

[haroldthegreat] 31/8/2016 12:30

Hi john. English defence league?

[haroldthegreat] 31/8/2016 12:27

Is it time for the ned to act and if they are not happy with the situation to take action or resign? Their reputations are at stake.one of the initial attractions was the quality of the Ned.

[uncle john] 31/8/2016 12:11

Hi Andy, Harold & Wols.
Any of you going to EDL presentation this evening? A kind of KIBO wannabe!
j

[andy] 31/8/2016 11:54

Wols,

Eboracum claim " Our premises was originally established as a stonemasonry back in 1902"



So Eboracum are claiming to have been active as a business for 114 years!

I think that statement is incorrect and misleading, I wonder what Chris Gilbert and Tom think?

[andy] 31/8/2016 11:21

Wolstencorft,

Exactly,handy that you can keep pushing the orders into the next half year, that way they remain on the order book and the company looks to be in a healthy position, order wise, if not cashflow wise.

Tom stated quite clearly that FOX can pursue someone for payment once the order period is up, so as Banyan are now over time, I wonder if they will do that, or give them more time and carry the order forward?

The next problem they are facing is that once the factory is finally fully constructed and commissioned, which CG says is "soon", they will have a workforce to pay, so monthly fixed costs will increase!

Since Brexit the £ has fallen v the Euro, so good for sales, but bad for payroll in Euro related countries. Given the current lack of sales, that may present a problem moving forwards, at least until the "orders" can be converted into sales.

[wolstencroft] 31/8/2016 10:30

Me too - interesting that Tom basically raised the notion that the orders were bogus whilst I never suggested that here or to him or Chris.

This implies to me that it jumps off the page to him that any reasonable person might thing the orders are bogus.

For anyone who has ever run a company sales pipeline credibility is key - salesmen are always trying it on to make themselves look good but here it's the CEO reporting millions of EUR worth of orders that have not yet transpired but yet he remains completely confident that they will. The CEO would normally ask the sales director "hold on this company was set up 6 days ago and they ordered millions of marble and they have no offices and their director is a nominee company - we'd better make sure this order comes through or we're toast when it comes to reporting this to shareholders".

And as for Eboracum Tom thinks its a "mickey mouse" website. IMHO how can it be anything other that misrepresentation claiming a yard and 15 years experience!

[andy] 31/8/2016 10:01

phil,

I agree, ironically yesterday Tom was knocking two companies re bogus orders, (African Potash and Clouldtag) yes sees nothing wrong with orders here being made by entities that are barely traceable on Google.

I think this is set to get very interesting.....

[philjeans] 31/8/2016 09:30

With plenty of real value companies on miserly prices, why bother investing in dodgy outfits like this?

Tom has made a bad decision here and should just admit it - too many red flags - just like the China Frauds he loves to find and bash.

Try TNI; FLYB; CLTV and VOG for winners.

[wolstencroft] 30/8/2016 19:31

If its a wild goose chase then this company can either survive on 25% of its order book (I think no) or is generating real sales elsewhere, because I think 75% is currently the likes of China, Banyan and Eboracum. Of of course these companies deliver....

[paleje] 30/8/2016 19:29

Thanks for sharing, wolstencroft. I asked CG weeks ago before any of this kicked up about Eboracum and a few other things I wasn't clear or happy about. I got answers and an impression of Chris which was as important as the answers. I wasn't looking for a scam, I just didn't understand Eboracum and was curious but the thrust of my question concerning them was are we relying on them as a company maker (if so I would be out) but that was no the case at all. Chris was uneasy about them but more embarrassed than guilty imo.

Asking more? Maybe but I'm so bothered about them I think it's a wild goose chase. I might ask about future sales though if we don't hear something in the coming weeks.