Fox Marble Share Discussion Threads

[pugugly] 11/10/2021 10:55

If a read across potentially more pressure on costs - Cutting and finishing marble must use a lot of electricity

"Newco Ferronikeli, Kosovo’s sole ferro-nickel producer has also halted production as energy prices skyrocket.
• NewCo has halted production until prices ‘normaliseR17;.
• NewCo produces 7,000t of ferro-nickel a year."

From share price Angel note this morning.

[wapper] 07/9/2021 14:38

Pure gamble on arbitration .Appointment of arbitrator must be announced very soon which might liven the share price up a bit.

[pugugly] 05/9/2021 08:52

Anyone still invested here?
No recent news that I can find re arbitration
Could this be a gamble on results of arbitration or more likely money down the drain?

Declaration - An ex holders but once bitten twice shy.

[dinit3w] 23/7/2021 21:38

KTV breaking news in Kosovo regarding court Seizure orders for Quarries illegally transferred to Fox and Forged signatures. Watch from 0:20 to 3:52.

[dinit3w] 18/7/2021 09:56

Some translation from Court Injuction and seizure order with date 18/06/2021.




AKTVENDIMI

Miratohet si i bazuar propozimi i propoziesut se sigurmit Rexhep Shaqiri... caktohet masa e sigurimit...kjo mase e sigurimit hyne ne fuqi menjeher


VERDICT

The proposal of the insurance proposer Rexhep Shaqiri is approved as grounded ... the security measure is set ... this security measure enters into force immediately

[dinit3w] 18/7/2021 04:08

Here is Judge descision of Injuction and seizure order for the 3 quarries (Cervenille, Syriganne and te varrezat)

[dinit3w] 18/7/2021 04:04

Quarries seized are Cervenille, Syriganne and te Varrezat. Malisheva is gone too from before. Nothing left and total collapse.

[captain_kurt] 17/7/2021 23:42

Is Chris on the run ? Flol

[haroldthegreat] 17/7/2021 23:26

careful you dont catch a virus !

[captain_kurt] 17/7/2021 22:08

Which quarries have been seized?

[dinit3w] 17/7/2021 21:46

Translated Epoka e re News article from Albanian to English. Look at original Albanian version to find link to Court injunction and seizure order at bottom of writing.

[dinit3w] 17/7/2021 21:42

Update from Kosove. Fox Marble is not well. 3 last quarries left in Kosove are shut down by government due to fraudulent transfer. Here is news article with attachment to Judge decision dated and look photo of Fox Marble showroom in pristine now for Rent and Fox kick out total collapse is devastation for any of investor

News article with Court descision:



Photo of Fox Marble Collapse (me qira = to let):

[pugugly] 11/6/2021 16:16

RE Gulf - Must have forgotten about this

Link --

Data below - However still not much wiser!

Acquisition of Gulf Marble Investments Limited
October 11, 2018Source: RNS
RNS Number : 6602D
Fox Marble Holdings PLC
11 October 2018


11 October 2018

Fox Marble Holdings plc

("Fox Marble" or the "Company")

Acquisition of Gulf Marble Investments Limited



Fox Marble, the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region is pleased to announce that it has acquired Gulf Marble Investments Limited (Dubai) its joint venture partner based in the Prilep Alpha Quarry in Macedonia, including all the rights attached to that Company.



Under the terms of the original agreement to acquire the Prilep Alpha quarry in Macedonia in 2013, Gulf Marble Investments Limited provided the funds to acquire the license to the site and capital investment amounting to €1.7 million, and then entered into an operating agreement with Fox Marble to operate the quarry. In compensation Gulf Marble Investments Limited was provided with a royalty amounting to 40% of the gross revenues received from the sale of its block marble from the quarry. The acquisition of the quarry rights in Prilep Alpha was originally announced on the 4 July 2013.



Through the acquisition of 100% of the share capital of Gulf Marble Investments Limited, Fox Marble will effectively re-acquire all the 40% gross revenue royalty, as well as all the assets and capital equipment held by the entity.



As consideration for the acquisition Fox Marble has issued an Unsecured Convertible Loan Note ("Loan Note") in the amount of €1.785 million. Under the terms of the Loan Note, the holder may elect to convert at a conversion price of 130% of the 3 month volume weighted average share price. The Loan Note is repayable from the 1 October 2020. The Loan Note carries an interest rate of Libor plus 1.5% payable annually in arrears.



Following the issue of the Convertible Loan Note detailed above the Company has a total of £2.85 million Convertible Loan Notes outstanding.



Chris Gilbert, CEO, commented "Our arrangements at the time afforded us the unique opportunity to not only acquire the rights to a white marble quarry containing the world famous white from the Prilep region of Macedonia but to develop the quarry to commercial standards. Our joint venture partners Gulf Marble have been instrumental in achieving this and we are grateful to them for helping us reach this goal. We look forward to seeing the benefits of our increased participation in the Prilep Alpha quarry feeding through to the bottom line going forward from our activities in Macedonia"

[glennborthwick] 07/6/2021 07:51

Chris Gilbert is the only names person at gulf marble investments limited. Can't work out the structure.

[glennborthwick] 07/6/2021 07:47

Whoever is prepared to lend them 700k must be bonkers. If the gulf loan note gets called that's it.

[captain_kurt] 07/6/2021 07:26

Very little cash left in the business. Only the arbitration ruling can save then now imo

[glennborthwick] 07/6/2021 07:21

Not pretty reading for holders. Amazed this is still trading.

[pugugly] 20/5/2021 10:17

Appointment of Samuel Wordsworth QC as new senior deck chair steward on the Titanic?

[captain_kurt] 12/5/2021 23:09

Yuqin how is your court case progressing??

[yuqin24] 12/4/2021 10:50

This is what FAUX is really worried about.

[yuqin24] 12/4/2021 09:52

Shut it dog faced liar. The Virus was from the H*oker wasn't it. You haven't produced anything but your own dementia. No one buys your sh*t just listen to yourself fool.

[haroldthegreat] 12/4/2021 06:53

Will be interesting to see how this plays out .don't click on any links that are produced by these people who only post on one company .i got a virus last year following clicking on a link here .will only post here in future if any further communication is received from Mr Panama . Obviously his information is genuine as when posted it produces a reaction from these posters connected with the other side !

[yuqin24] 11/4/2021 23:17

Ohh poor criminal LOL. Everyone can see through your criminality, dementia and lies you don't fool anyone. Don't think for one minute dementia will prevent a hefty prison sentence.

[haroldthegreat] 11/4/2021 22:57

if you did not keep writing like a 10 year old child at school one might take notice of what you write . calling someone dogface is the action of a spoilt immature child .
i might have dementia but i do not act like a child . However they do say as you get older you enter your second childhood . so how old are you ?