Fox Marble Share Discussion Threads

[aaronq] 21/1/2020 09:37

good morning all Last RNS contains many irregularities. First, there are no ' two shifts' operational. This statement is delusional. Second, CG's statement that there will be revenues generated in region of 1 million euros. whereas; a) there is only one gangsaw in function. b)Polishing lines still not functional, c) Resin line out of function, d) CNC machine, functional in manually mode only. Moreover, a recent local job that they have taken to complete, was never paid to Fox Marble, as a result of which, Fox's local partner has benefited from it.

[andy] 20/1/2020 23:02

gt, "and is expected to generate over EUR1m in revenues for the Company, during the first year." ------- What is the profit on that revenue I wonder? No mention of margins, as usual.

[gtfc1] 20/1/2020 21:47

Good update, no confidence in share so going no were until proven wrong

[andy] 17/1/2020 20:42

gtfc1, The price is falling again, will it find support at 2p again I wonder?

[andy] 17/1/2020 20:42

gtfc1, The price is falling again, will it find support at 2p again I wonder?

[gtfc1] 11/1/2020 22:49

They have openly said they need more local marble for 18 months as enough at the plant, so that is either no orders, large stock or but of both. They can sell Alexandra blue and white so that is the focus, fill the plant with any marble, reduce costs everywhere else and see if they can break even, whilst waiting and hoping for a legal win. I think it’s pretty clear, orders in some areas, plant operating but not enough, need to reduce all costs outside operations. Combined with trying to convince and sell more to grow. This is the exact route they should have taken from day one but never did. They started by opening the wrong quarries, didn’t manage costs, didn’t get orders sorted. I won’t buy a single one more, if I wasn’t invested at all this would be now worth a punt. The best bit about placing was the directors took part. It can so easily be a marble cash cow

[glennborthwick] 23/12/2019 18:49

feels like the last chance.

[andy] 23/12/2019 16:39

Pug, RNS writing is akin to a dark art, and it's often what is NOT said rather than what is, that's relevant. They are written by some very clever people who are skilled at the art of deflection. This RNS was a perfect example, where the RNS focuses on the one open quarry, despite it being in another country, and over a hundred miles away, and doesn't mention the quarries that are on the doorstep of the processing plant! To be honest I can't see any reason to be a buyer here, even at this all time low price, how is this worth around £5 million market cap?

[pugugly] 23/12/2019 16:05

Now no 4 on the fallers toplist down 22% Remember your 1st loss is usually your smallest one - I wonder if this will be the case here. Andy's point re NO mention of the Kosovan quarries is (to me at least) a reason to keep powder dry or deploy elsewhere.

[andy] 20/12/2019 15:42

RNS, and another placing! Chris Gilbert, CEO, commented "Our focus on our two core assets, the factory in Kosovo and our quarry in Macedonia containing the highly desirable Alexandrian white and blue, is showing positive results" ------- So, no mention of the Kosovan quarries, only the one in Macedonia! And yet another placing! How many more chaps?

[andy] 10/12/2019 13:21

AaronQ, Thanks for posting again, and for the update. Have you been close to the factory on a normal working day recently? And if so, were there any workers there, and marble processing being done? I presume it would be very noisy and dusty if so, therefore not hard to make an informed judgement, even from a short distance. Cars in the car park are another giveaway of course, and lorries moving around. If a quarry is "closed", presumably they have no access, so how can they access already cut blocks I wonder? Or are they only prevented from cutting new ones but can go onsite to remove the already cut ones? that seems unlikely to me but you may know better.

[odvod] 10/12/2019 08:03

after all those years think and think deeply about the revenue

[pugugly] 10/12/2019 07:56

What is the take on this paragraph from today's rns? "It is expected that there is a sufficient stock of block material at Fox Marble's Kosovo quarry sites to supply the factory for 18 - 24 months, without further quarrying there, in conjunction with the ongoing production growth from its quarry in Prilep, Macedonia"

[andy] 09/12/2019 09:18

That RNS suggests they've got plenty of spare capacity! I wonder why? Revenues of Euro 100,000, but what are the margins? No mention of those I see!

[pugugly] 09/12/2019 09:05

now factory processing 3rd party marble blocks - Dressed up as increased factory utilisation and revenue - Agreed useful income BUT could be interpreted as we have been unable to obtain sufficient orders for our own processed product" or "we have political/legal difficulties in accessing the quarries we need" Answers on the backof a postage stamp please.

[andy] 06/12/2019 00:07

Harold, I clicked a few and they are all quarry pictures, no machinery, just empty quarries, all hosted on a free pic hosting site.

[haroldthegreat] 05/12/2019 23:50

Be careful on clicking links . You do not know what you might pick up !

[elfati132] 05/12/2019 19:53

https://imgur.com/LUok6SC

[elfati132] 05/12/2019 19:31

hector108. I can assure you that these pictures were NOT taken on a Sunday. In fact it is easy to prove. 1)For the Cervenille Quarry compare the following photos taken one after another. https://imgur.com/dy1C424 https://imgur.com/Qbk2Poh Here are the zoomed in versions of these photos: https://imgur.com/nBKpVmD https://imgur.com/Z2oksUz Notice the aggregate Quarry (Not Fox) in the background with inactive Cervenille in the foreground. We can clearly see that the other Quarry (Not Fox) is working because of Heavy dust and movement of Vehicles so obviously this couldn't have been a Sunday. For more evidence have a look at this video and note the Heavy dust on the left side of the other quarry and the inactivity of cervenille quarry in the foreground: https://imgur.com/3LcoLw6 2)For the Suhogerll Quarry it really doesn't matter whether the day was a Sunday or not. We can CLEARLY see that there is absolutely NO heavy equipment on the Quarry site so this Quarry is DEAD for every day of the week and has been for years now. https://imgur.com/E7mc9Ra https://imgur.com/C2Q8SK1 https://imgur.com/PX5jM28 https://imgur.com/yANWvy4 https://imgur.com/q2jA4gV https://imgur.com/mOStJvx https://imgur.com/eFflPoi Actually these two quarries have been dead for a long time now. Just have a look at google earth and use the historical imagery feature (clock icon on desktop) Cervenille Quarry Co-ordinates: 42.452409,20.658214 Suhogerll Quarry Co-ordinates: 42.820579,20.663558 and please hector108, try not to give a false impression.

[haroldthegreat] 05/12/2019 14:31

perhaps fox should make a comment . I am sure they must read this thread to see what comments are being made . When I read the rns I misread finishing as fishing and thought that was an interesting idea !

[hector108] 05/12/2019 11:33

On what DAY of the week were these pics taken? They appear to show no activity but if taken on a Sunday then no activity would be logical. I suspect some attempt to give a false impression.

[elfati132] 04/12/2019 22:54

https://imgur.com/Pn5Q106 R.I.P 2012-2019

[andy] 04/12/2019 22:22

elfati132 Thanks for the pictures, but what's your point? Is it that they're abandoned and not working?