Fox Marble Share Discussion Threads

[podgyted] 07/5/2023 11:15

In the risk section of the admission document:-

"Litigation against the Republic of Kosovo
The Company is currently engaged in several disputes in the UK and in the Republic of Kosovo. In particular, in 2019 the Company began arbitration proceedings against the Republic of Kosovo for damages in excess of €195 million. This is a result of the alleged failure of the Republic of Kosovo to protect the Company’s rights over its Malesheva quarry. As a result of these proceedings, the ICMM has since refused to renew certain of Fox Marble’s licenses in Kosovo and it is therefore
currently unable to exploit the areas covered by these licenses. Whilst this litigation has been funded by third parties to date, in order for the Company to continue to pursue this litigation,significant additional litigation funding will need to be obtained. There can be no guarantee that the Company will be able to procure this funding. Whilst the Company is confident of its legal position,
and has had that position supported by a legal opinion from an eminent Barrister and King’s Counsel, litigation is inherently uncertain and there can be no certainty of a positive outcome in the Company’s favour. Should the dispute be protracted, this could have a detrimental impact on the financial position of the Company and its ability to conduct business in the Republic in Kosovo and
additional challenges to the Company’s existing licenses may arise, whether by the ICMM or other government agencies in the Republic of Kosovo.
The Enlarged Group is entitled to 25% of the amounts remaining after the deduction of the items referred to under Preference Amount (a) – (f) as found in the Definitions of this document. This amount is in relation to the Company’s continued management of the Kosovo Dispute.
However there is no guarantee that the 25% share of the proceeds of a successful litigation outcome will cover the costs incurred by the Board to manage this claim, nor is there a guarantee that this claim will be successful.
The Directors will only continue to pursue the litigation, if in its reasonable opinion having taking appropriate legal advice as required the likelihood of achieving a successful outcome is probable and realistic."

[jackjackpaul] 07/5/2023 10:41

Markets closed tomm.. enjoy your weekend

[kemche] 07/5/2023 10:37

I have checked ssrover's calculations and agree with them in their entirety.

He is clearly a knower of stuff and for that reason alone I shall be going in nads deep at the open tomorrow with a buy at market order.

Life altering.

[toolsmoker] 06/5/2023 20:41

You guys should all look at Ascent resources they have the same thing going on but the claim is 500m proceedings have started and its only 4 mill market cap .funds awarded will be paid in divi to shareholders also

[paulscb] 06/5/2023 20:29

“And if the legal claims unsuccessful don't worry you won't lose your grand it will be invested in our new RTO”

You bellend.

[billthebank] 06/5/2023 20:25

Paul Have a great week end I didn't say 7.5p after RTO I am talking before the 26th May.Apologies if my words were confusing!

There will be a lot of people looking for this to bag and poss average down starting on Tuesday and yes a number will reduce their risk and leave half in for nothing.Others will take a bigger risk that's the name of the game these days. I think if you can buy more on Tuesday sub 2p when the co has a c/v around £8M it would be a very good shout indeed. Of course WTFDIK

[ssrover] 06/5/2023 20:06

Jameshendrix20 Imagine bashing a share with no knowledge all weekend only to find it multi bags next week

I would be gutted I didn’t spend that time with my loved ones enjoying life… surely you cannot be being paid enough to neglect your family

[jon197070] 06/5/2023 19:58

4/5p could go higher through the week a few dips and buyers will be in again

[paulscb] 06/5/2023 19:34

Billthebank.

“At 7.5p after rto”

“a Share Reorganisation whereby 51 existing ordinary shares will be consolidated into 1 new share in the Enlarged Group. On re-admission to AIM the share capital of the enlarged Group will comprise 70,070,080 ordinary shares of 1p per ordinary share, with a market capitalisation of approximately GBP38.5 million.”

Think about it.

[robbo31] 06/5/2023 18:54

Serious prediction for Tuesday?

[billthebank] 06/5/2023 18:27

Paul'scb £28m 400m shares x7p equals £28M

[dennisbergkamp] 06/5/2023 18:21

Not always the case Doog - Would be nice to see that written in the contract.

D

[doog94] 06/5/2023 17:47

For a deal like this all the main shareholders will be locked in for a period of probably 12 months so won’t be able to dump their shares.

[dond77] 06/5/2023 16:36

You forgot to cut and paste Andrew Muir from their investor page. How long have they held, what have they sold down to date (if any), why in your view will they be dumping? Do you have a source of info we can reference?

No pumping here, just trying to understand your rationale.

[jameshendrix2023] 06/5/2023 16:29

Premier Miton Group Plc 27,665,169 6.63%SPREADEX LTD 26,650,620 6.39%Dr Etrur Albani 22,472,254 5.38%Mr Christopher Gilbert 21,384,456 5.12%Kesari Tours Pvt Ltd (1) 19,047,619 4.56%Artemis Investment Management LLP 13,495,807 3.23%Alot of shareholders above including miton who will dump Be back to 1p as the pumpers slither away

[paulscb] 06/5/2023 16:05

Billthebank what are you smoking? At 7.5p after rto that would value the company at 260m market cap. They only raised GBP2.7m

[billthebank] 06/5/2023 14:40

Best lottery in town Buy shares for say 2p on Tuesday for a grand. Receive 50000 shares the co is valued at £4M and you could win on the back of legal success £25k!!!!

And if the legal claims unsuccessful don't worry you won't lose your grand it will be invested in our new RTO Check out yhe latest RNS.

Shares are pres 1.55 and in all honesty could quickly rise and in my view even if you paid 7.5p for £1000 of shares it could easily bag from there.

[dond77] 06/5/2023 14:25

Oh dear Jameshendrix2023, let yourself down a bit there. I genuinely thought you had some good points to help facilitate a balanced view. Looks like you peaked too soon

[elliotset] 06/5/2023 14:13

Hopefully I can buy first thing Tuesday , before it goes to crazy

[jameshendrix2023] 06/5/2023 13:31

Don diggy lords victory is here

[jackjackpaul] 06/5/2023 13:12

That's better... anyone who reads this idiots posts will see from his posting history that him and his gang are a bunch of trolls...

Jameshendrix20236 May '23 - 12:52 - 1608 of 1610 (Filtered)

[dond77] 06/5/2023 13:09

So is that 400m CLN's outstanding in total? If so 53m shares traded on Friday, most in the last 30mins - wouldn't take long to clear assuming they were being sold.

[hope67] 06/5/2023 13:00

just read it here long read