Fox Marble Share Discussion Threads

[czar] 13/12/2016 08:49

Disappointing, Fox seem to have lost a year! Anyway its option money at this price so may as well have a little bit more, if they ever start selling this stuff this has to be at least £100m company. Risky maybe but surely the quarry and factory are worth more than the market cap.

[glennborthwick] 13/12/2016 08:16

Let's see what share prophets make of this update.

[luafc] 13/12/2016 08:14

Fast forward 10 years from now...

"The company is pleased to report the factory is nearing completion. Sweepers and cleaners have been hired to clear floors and prep machines in readiness for production. Some small delays may occur as we seek to recover instruction manuals that have faded or been mislayed. Original machine designers have, somewhat regrettably, retired or died. Profits have been adversely affected by an exceptional compensation charge required for a high number of machine operators that have had to be laid off without transferable industrial skills. More postively, the majority of those released are canny card players."

[hamidahamida] 13/12/2016 08:03

This company is not worth more than 2p

[phowdo] 13/12/2016 07:59

More red flags than a matadors laundry basket.

[caradog] 13/12/2016 07:47

Sure, Eboracum will come up with a few million. I am reliably informed that the cash is already on its way in the back of a Reliant Robin. Unfortunately it has suffered a front wheel puncture and the spare tyre is being held up at customs on the Croatian border.

[glennborthwick] 13/12/2016 07:29

Can this survive without another fundraiser?

[wolstencroft] 13/12/2016 07:23

No surprises here for anyone with a brain.

All those millions of orders amount to err 0.6M

Are the non-execs and NOMAD and everyone else asleep?

[glennborthwick] 06/12/2016 17:28

Death by a thousand cuts.

[wolstencroft] 16/11/2016 12:22

From Companies House:
Eboracum:
Confirmation statement
First statement date 21 October 2016
due by 4 November 2016

Not yet filed......why does that not come as a surprise?

They recently represented about 44% of the order book. (In Sept the order book was EUR 4.1M and Eboracum was EUR 1.8m of that.)

[wolstencroft] 14/11/2016 20:24

Correct. Sales, and not orders from start-ups formed just a few days previously. I know they are the past, Eboracum, Zhong, Banyan. But they are also about 80% of the order book...

[exbroker] 14/11/2016 07:31

More about knowing exactly which bits are fully working and which bits are still being tested and tweeked, they are getting there,just need some sales.

[haroldthegreat] 13/11/2016 11:41

Less optimistic than you were!

[exbroker] 13/11/2016 11:25

All of the above I think!

[haroldthegreat] 13/11/2016 08:00

Any news on factory ever being finished ? What was the timeline for it? What are the latest excuses ?Ex broker what is your view on it ever going into production ? No wonder Paul decided to devote his time elsewhere ! Are we going to blame brexit /trump win / R in the month or weather ?

[someuwin] 11/10/2016 15:51

All buys again.

[czar] 10/10/2016 16:51

This Stone Alliance deal is the turning point IMHO. It may take a while for the stale shareholders to come out but in a month or two this stock will make progress.

[someuwin] 10/10/2016 10:56

Looks like all buys so far today.

[exbroker] 08/10/2016 22:12

Its over 1 million of loan notes!!!!

[caradog] 08/10/2016 19:49

A little over two weeks ago there were director changes at Fox:

"Dr Etrur Albani will be stepping down from the Board as Managing Director in order to focus on the operational activities of the Company. Dr Albani remains fully committed to Fox Marble and will continue supporting the Company in achieving its goals.

Dr Paul Jourdan will be retiring as a non-executive director due to increased demands on his time from his role at Amati Global Investors."

Quite how Dr Albani's efforts in setting up a competitor can be interpreted as focusing on operational activities at Fox is not entirely clear to me.

No doubt Paul Jourdan's time is being spent finding excuses for putting the savings of his Amati VCT investors (me included) into a company that has more red flags hanging off it than the Battlesip Potemkin.

I hope he has spent some time offloading the 8.8 million shares and 500k of loan notes he so unwisely accrued on our behalf.

[exbroker] 07/10/2016 18:28

I hate Windows 10

[exbroker] 07/10/2016 18:25

From what I know Fox will act as a sort of joint venture partner to start with. They have a factory and people on the ground and all the connections with the Governments of both Kosovo and the US.
The US did a very extensive geological survey after the war, Fox cherry picked the sites they wanted most. They will benefit from the infrastructure that gets put in place as well as payments in the early days. If they do create the 2000 jobs they say in 5 years that will be a major boost to the area.
I would expect the SA funds to be at least half debt given the likely cash flow characteristics of the business going forward, i.e. capital intensive at the start then strongly cash generative as the quarries come on stream and the through put on the factories raises.
Short term it would be nice to see more sales from Fox, they have a number of exciting leads its turning them into cash that seems to take the time