Fox Marble Share Discussion Threads

[phowdo] 10/11/2017 13:13

And the imaginary ones too...

;)

[andy] 10/11/2017 13:10

I thought they were!

[rathean] 10/11/2017 13:04

Drifting south on lack of news, you'd think they would be RNSing every sales deal

[czar] 30/10/2017 09:47

18p will be a start but fully expect £1 a few years out, and dividends. Perfect for a retirement fund, dividends could easily be more than the current share price in the future.

[haroldthegreat] 29/10/2017 13:19

Will look forward to just 18 p. .

[discusser] 28/10/2017 11:54

Agreed. The videos are very impressive. Things take longer than people expect. How many projects slip to the left??
Well done at last is my view.

[a0002577] 28/10/2017 11:00

The management of the company have been struggling for the past few years with two major issues:

~~~ Issue ONE getting the whole site up and running in a difficult environment with limited cash resources.

~~~ Issue TWO : obtaining orders and making sales when the operating plant was not fully in place

They deserve to be congratulated for their perseverance in seeing it through to this stage.

From here on in they can concentrate their efforts on issue two which is now much easier to do because they have a quality product coming off a production line.

I am very glad that I bought in to this one and fully expect it to be at least a ten-bagger and also a long term hold later for the substantial dividends that will inevitably follow.

[metamick5] 27/10/2017 08:48

is this distrust of the ceo just based on his performance at fox, or has he got previous

[exbroker] 26/10/2017 19:56

If those revenue figures are real then these could be on a 2018 P/E of less than 5 and maybe lower, which even I doubt!

[czar] 26/10/2017 18:33

Brandon Hill Capital

[exbroker] 26/10/2017 18:18

Thanks czar, which broker Beaufort?

[czar] 26/10/2017 14:03

Exbroker, this is from the broker research note following the latest RNS.

[rathean] 26/10/2017 13:10

ShareProphets and stockomendation are useful sources of information and opinion, dyor as always

[exbroker] 26/10/2017 11:08

czar
Where did you get the information in your post 193 please?

[wolstencroft] 26/10/2017 07:53

thanks, ex

[czar] 26/10/2017 07:36

This is the first deal to be delivered against since the factory commenced operations. The original deal was signed in June 2016, and the deal was that the deliveries would start once the factory was commissioned. The contract runs for 18 months from now. Therefore, we anticipate that the bulk of the sales will come in 2018, reinforcing our confidence that our revenue target of €10M will be reached.

[exbroker] 25/10/2017 21:28

wolstencroft
I think you are being a lot on the optimistic side. Fox would not be getting UK retail pricing for marble sold wholesale in the Balkans. Also, the quarry is only down to bench 5 so the quality won’t be top yet, further reducing the price as would the size of the total order.

[haroldthegreat] 25/10/2017 17:52

Re zar25 Oct '17 - 07:32 - 178 of 190 1 0
Well now you know! This is definitely the last chance to get Fox shares at sub 10p, this will build and build now over the next few years and don't forget Stone Alliance, when that happens Fox's stake is worth many times the current market cap. It has taken longer than we all hoped but finally we are off and running. Will buy a bit more today.

We are all of course waiting for any information on this!
This might get the shares back to what I paid for them .I live in hope !
With Xmas approaching perhaps Santa will drop something down my chimney. Fat chance no chimney !!!!!

[haroldthegreat] 25/10/2017 17:47

So 87500£ sold now ,

RNs said As announced on the 29 June 2016, the Company signed an agreement with Marble Dino Sh.p.k. in June 2016 for the supply of
EUR1,500,000
worth of resined and polished marble over a twelve month period from the date the factory became operational. Marble Dino is a trader of marble and other commodities and is involved in the purchase, shipping and resale of the material in the Kosovo and the Balkans. The first consignment, of just over 13 tonnes of polished slabs of Bianco Illirico and Illirico Selene material, was collected from the factory site by Marble Dino on the 24 October 2017.

-So by 28/6/18 we should have had RNs for the balance.

There is our target so perhaps we should just wait and see and not waste our time posting . unless of course there is a RNs which needs further examination. Or even no RNs in the next 4 months of any significant salesnot forgetting the lower margin block sales to India.
Perhaps we can do a metal tiger and have 1-2 RNs a week like they used to have under Paul.

[wolstencroft] 25/10/2017 16:25

Polished marble £350 / m2



250m2 I guess

£87,500?

[wolstencroft] 25/10/2017 16:10

"Eboracum have taken stone in this financial year, that why the interims said they were holding the balance of the deposit."

And yet they have no assets and no liabilities....

[effortless cool] 25/10/2017 13:14

I don't doubt that the marble exists.

I don't doubt that the factory exists.

I do doubt that the management is honest.

That doubt makes it uninvestable for me.

[pj 1] 25/10/2017 12:00

Exactly. There is a massive difference between a ''con'' and a bad business.

A bad business is occasionally turned around. Whereas......

[andy] 25/10/2017 11:20

Exbroker,

Nobody is saying it's a con, only you!

What we are saying is that an 'order' doesn't seem to signify an actual sale, and that 'orders' from Eboracum and Banyan announced via RNS to the market seem to have come from companies with little to no substance.


And I won't mention the time taken to complete the factory, and the fact that current orders all seem to be for low margin raw marble blocks, rather than high margin completed stone..

[exbroker] 25/10/2017 11:11

All those that think this is a con watch the video, big factory and some marble!!

hxxps://www.foxmarble.net/photos-and-videos/