Fox Marble Share Discussion Threads

[czar] 08/2/2017 11:31

Andy I don't know, only people within the Company can answer that and I suspect they won't reveal every detail just like every other business. I'm not suggesting the previous customers were not bona fide but many people here are. If you and others don't like the company or don't trust the management sell out and move on, there are thousands of other companies to invest in. Good luck

[andy] 08/2/2017 10:37

czar,

"Fox is starting to come good, this is a big deal from a bona fide customer"

Are you suggesting prior deals weren't? :-)


So, what is the margin on this order, given that it is for blocks, and not finished product?


And as Harold rightly asks, what are the penalties for non compliance with the contract? And where, and how, would they be enforced?

[recordz] 07/2/2017 15:37

They need to be selling this stuff to rich Arabs and alike.

[haroldthegreat] 07/2/2017 14:39

as you are very well informed what is the penalty for not reaching the target purchases ?

[exbroker] 07/2/2017 12:18

To Answer a few points.
This order is for a minimum of 1000 per month, some months it may be more. That’s 2 blocks a day which will be containerised and sent to India by sea via Albania. The quarry can meet this schedule and is only 4 miles from another Fox operation so there is extra capacity available if needed. The stone is getting better as the benches go deeper. Its a block deal as there is in import duty in India on imported slab marble. This reduces the risks in the stock significantly.

[haroldthegreat] 07/2/2017 11:52

What is the penalty if they fail to purchase the minimum quantity? If there isn't one what is the benefit of a minimum quantity clause ?just thought the reason for the clause is to chear up shareholders.

[czar] 07/2/2017 11:43

Here's a thought, this deal over the 3 years represents 30% of Fox's market cap, come on Fox deliver a few more like this please! " agreement with Mahadev to supply a minimum quantity of its Illirico Selene marble over a three year period valued at approximately US$1.8 million per year" NB 'minimum quantity'.

[ggbarabajagal] 07/2/2017 10:23

Cant believe this rubbish is alive

[wolstencroft] 07/2/2017 10:22

always the case with AIM stocks.....good luck.

[czar] 07/2/2017 09:53

wolstencroft, yes everyone lost money but now there is a great chance to make it all back and some imho.

[wolstencroft] 07/2/2017 09:47

czar: we did that a long time ago....this has still halved since I sold

[czar] 07/2/2017 08:46

I've never seen such a bunch of negative shareholders, may I suggest you sell out and buy a company you actually like. Fox is starting to come good, this is a big deal from a bona fide customer, the marble costs Fox nothing, just the cost of getting a block out of the ground. Fox have €60 billion of the stuff so they won't run out, their marble is very desirable, what's not to like. More to come and a ten bagger imho.

[andy] 07/2/2017 08:37

dhlindly1,

Any order is good news, but there is no mention of margins, and when you see the state of other orders on the book, it shakes the confidence a little, don;t you think?

MM's always mark up early to attract a few punters, nothing new there.

[dhlindy1] 07/2/2017 08:35

Come on guys this is very good news. The market certainly likes it. I know it has been a scary ride but enjoy the moment - your holding is up over 20% as I write. This just might be the turning point when things come together - enjoy.😊

[dhlindy1] 07/2/2017 08:34

Come on guys this is very good news. The market certainly likes it. I know it has been a scary ride but enjoy the moment - your holding is up over 20% as I write. This just might be the turning point when things come together - enjoy.😊

[pugugly] 07/2/2017 08:29

The "order" is for blocks of stone not finished products so it appears they will not be using the new pachinery to convert to higher value products - OK it is a wind in the right direction BUT there is - so far as I can see - little clarity in time to call of and how much the Indians have committed to take. Still very much on the side.

[andy] 07/2/2017 08:24

czar,

Clearly an order is good news, but one thing missing is the margin they are making on the product, do you know what it is for this order, or any currently on the order book?


And what of the current orders on the order book, when did they last receive cash from Eboracum or Banyan for new product sold?

I still don't understand their definition of an "order".

[czar] 07/2/2017 07:42

This is actually a deal for USD 5.4m and the start of opening up the Indian market, I see this as the inflexion point for Fox at last.

[glennborthwick] 07/2/2017 07:20

Good news. Good luck all holders. I don't wish I'll on any investors.

[wolstencroft] 07/2/2017 07:15

EUR 1.7M is clearly good from a real company too! Nice one.

The only downsides I see is that Chris admits they don't even know their own order book as they only have an estimated order book, not a real one, and can they get through to March without a placing?

[wolstencroft] 06/2/2017 15:48

Me too Andy - I have been told of the "cartel" - else how are margins so high?

Fox have been promising for years and failing to deliver for years. It's a typical AIM stock. Except the questionable customers Eboracum, Zhong and Banyan, which IMHO make me more circumspect.

re: Placing I just don't see how they will get one away when Eboracum haven't filed. Remember this was only a year ago that millions of Euros were going to be flooding in from Eboracum and Banyan. They each paid a deposit and then went quiet. Chris can't even RNS decent amounts of orders anymore, and even orders aren't actually orders in the way everyone else thinks of them, it's "specifications", next it may be "expressions of interest" or "firm enquiries".

[andy] 06/2/2017 09:21

Glenn,

I attended the first public FOX presentation in 2012, when the factory was "months away from completion", and the numbers looked compelling. (A bit like HMI now).

After the event we are chatting outside and a guy came up to chat to us, and he said they would never be able to sell their marble as there was a cartel that would not allow them access. I have no idea who the guy was, he was well educated, and seemed to know his stuff, but he could have been a competitor for all I know.

I have always remembered those comments, and to date his prophecy seems to have some basis, although it may be just because they aren't good at selling or marketing of course.

I still think the biggest concern is the orders from Banyan and Eboracum that are still on their books, yet here is no news of take up and actual sales from these orders.

[glennborthwick] 05/2/2017 19:34

Discounted placing coming.

[pugugly] 05/2/2017 15:43

Re above cash burn points - Could it be re Exbrokers "cannot comment" points above are possibly suggestive of a potential fund raising ?

[glennborthwick] 05/2/2017 14:19

I think you can be blinded by the assets. Clearly a few lovely quarries with decent raw materials is a compelling proposition. However hey have had no control over finishing and no control over sales. If a competitor knows this and you a re cash trapped they can price match you out of business. My guess is the Italian marble closed shop have down this wherever possible meaning turnover nowhere near projections.