Share Name Share Symbol Market Type Share ISIN Share Description
Fox Marble Holdings Plc LSE:FOX London Ordinary Share GB00B7LGG306 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.085 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.65 -1.90 -0.50 5
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.085 GBX

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Date Time Title Posts
12/12/202217:39FOX Marble1,509
11/6/201915:21THE FOX IS DEAD38
29/3/201816:55Fox Marble: Mining and processing marble from Kosovo1,771
10/3/201710:14Fox Marble5

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Posted at 27/1/2023 08:20 by Fox Marble Daily Update
Fox Marble Holdings Plc is listed in the Mining sector of the London Stock Exchange with ticker FOX. The last closing price for Fox Marble was 1.09p.
Fox Marble Holdings Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 1.41p while the 1 year low share price is currently 1.01p.
There are currently 417,333,553 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Fox Marble Holdings Plc is £4,528,069.05.
Posted at 12/12/2022 12:58 by pugugly
At last some good news - but minimal in the overall scheme of things.

Odds on actually collecting any cash from India? or could the Indian counterparty turn out to be a person/s of straw?

1 December 2022

Fox Marble Holdings plc

("Fox Marble" or the "Company")

Fox Marble wins damages and costs of c GBP800,000 re Arbitration Award

Fox Marble, the dimension stone company focused on marble quarrying and processing in Kosovo and the Balkans region announces the results of its arbitration proceedings in the London Court of International Arbitration ("LCIA") against a customer based in India.

In 2017, Fox Marble signed an off-take agreement with the customer. The parties fell into dispute about their respective obligations under, and the performance of, that agreement. On 13 August 2020, commercial arbitration proceedings at the LCIA were initiated.

Following a hearing, on 11 November 2022, the LCIA issued an award in favour of Fox Marble with an award of EUR383,177 in damages plus GBP454,584 in costs. No other issues remain to be determined in the arbitration.

Each party now has 28 days to submit corrections and also to seek to challenge the award, subject to which the award is final and binding, and the customer is obliged to carry out its obligations under it. The amounts awarded bears an interest rate of 8% per annum, compounded annually.

Fox Marble intend to pursue recovery of these amounts. Fox Marble would like to thank Edwin Co LLP for their assistance in the proceedings.

Posted at 01/10/2022 19:09 by hedgehog 100
30/09/2022 07:00 UK Regulatory (RNS & others) Fox Marble Holdings PLC Half-year Report LSE:FOX Fox Marble Holdings Plc

Interim Results for the six months ended 30 June 2022

Fox Marble Holdings plc (AIM: FOX), the dimension stone company focused on marble quarrying and finishing in Kosovo and the Balkans, announces its unaudited interim results for the six months ended 30 June 2022.

Operational Highlights

-- The factory output and efficiency has continued to grow in 2022 - with 23,525 square metres of slabs processed in the first six months of 2022 (2021 - 15,222 square metres) and over 9,684 square metres of tile and cut to size material processed (2021- 7,411 square metres).

-- Quarry operations have been limited with quarrying being carried only to meet know demand while the block market remains sluggish. The quarries remain in good condition, with significant reserves of dimensional stone. The block marble market continues to falter, as high shipping and energy costs have further damaged the market following the initial Covid 19 shocks.

-- Appointment of Sir Mark Lyall Grant as Non-Executive Director to the Company on 4 April 2022. Sir Mark is one of the United Kingdom's most senior public servants, with more than 30 years of experience in leadership, policy making, negotiation and public presentation.

-- Fox Marble agreed heads of terms for the proposed acquisition of Eco Buildings Group Limited. Eco Buildings, will design, manufacture, and construct buildings made from glass fibre reinforced gypsum (GFRG) modular sections that capture cost and design efficiencies and advantages in build quality and performance that traditional building methods cannot deliver.

-- The proposed acquisition will constitute a reverse takeover pursuant to AIM Rule 14 under the AIM Rules for Companies. Fox Marble intends to undertake a significant capital expansion, including capital reorganisation and change its name to ECO Buildings Group Plc. The proposed acquisition is conditional on, inter alia, certain approvals and a shareholder vote at a General Meeting of the Company. There can be no certainty nor guarantee that the proposed acquisition will complete.

Financial Highlights

-- Revenue from the sale of processed marble products for the six months to 30 June 2022 increased to EUR0.3 million (H1 2021: EUR0.2 million).

-- Losses for the half year were EUR0.8 million (H1 2021: EUR0.6 million), due to costs incurred as part of the RTO process, offset by strict measures to control cost. ...

Posted at 26/9/2022 06:49 by effortless cool
Comedy show is right - paying £30m for a newly incorporated business with £1k capital!

Well, it's not really £30m, however, since the purchase is being paid for with FOX shares, which are pretty much worthless. So it's one worthless company acquiring another worthless company but dressing it up to look like a £30m transaction.

The big question is, will they find enough fools to support the £10m placing, which involves real money? echoridge surely can't do it on his own.

Posted at 03/5/2022 07:44 by wolstencroft
Yes, just like it made sense for Fox to do a deal with Eboracum, set up by a failed bar manager with the administrators from his last failed business chasing him asking where all the money had gone, or Banyan Stone, a company registed in Gibraltar with, er, no assets, for years running they had no assets and I think Fox got away with talking about Eboracum's orders when they were actually a dormant company. Fox announced millions of orders with new businesses that came to nothing.

I asked the Fox's brokers about Eboracum and they replied that Fox had vouched for the Eboracum founder and that was good enough for them! When I asked Chris how he had announced $$$ of deals with Banyan but their company accounts showed minimal assets he said I should ask them.

At least he didn't call me a muppet.

Posted at 12/4/2022 08:51 by echoridge
And to put to bed once and for all the main counter-argument of the Curators: That somehow Fox Marble have actually managed to completely bypass any AIM oversight and then managed to slip past their NOMAD an RTO transaction RNS with an unlisted business that has a total of £1k in assets and no operating business, which resulted in their shares being suspended. I'm sure there are legitimate shareholders who are reading this who don't like my style, but ask yourselves this: To what end would the Company engage in such an effort in the first place, that these guys are implicitly claiming? In the hopes that no one notices and they can have a few months off with the shares suspended? Or that during the few months of suspension they hoped they would have enough time to suddenly create an ECO business that contains sufficient value to absorb Fox's £4.5m market cap? Maybe they would have you believe that because FOX does have a history of over-promising and under-delivering, that Chris Gilbert is just kind of having a laugh at your expense, you know, for the heck of it? Or maybe, just maybe, because they are only here to snark while they mock holders of FOX shares, their counter-argument is nothing but fallacious nonsense created out of their bottomless need to condemn no matter the evidence to the contrary.
Posted at 12/4/2022 08:49 by glennborthwick
As you like facts here is on undeniable. Share price 7 years ago 22p. 3 years ago 8p. Today a touch over 1p. Same management. 95 percent share price destruction. But feel free to trust these muppets.
Posted at 11/4/2022 20:20 by echoridge
Despite a shocking price fall as endlessly observed by legitimate shareholders and shameless ghouls like glen, Fox Marble still has a market cap around £5m. By DEFINITION - even at this early stage - Fox and Eco management (and the NOMAD) MUST have been able to persuade the relevant AIM official that Eco have sufficient value (assets from cash to sales to future orders, etc) that materially exceed that £5m market cap, in order to for FOX to be allowed to suspend their shares subject to an RTO transaction by/of Eco (that's where the 'R' or 'reverse' comes from in the RTO designation, fellas). Of course, now it is up to the new FOX-ECO team to provide the market with official documentation in the form of a pathfinder and prospectus where they reveal how the value of ECO is comprised in order for the transaction to go to a shareholder vote. No suspension would have been requested - and none would have been granted - if the relevant INITIAL oversight was not performed and satisfied. Maybe you guys missed that kind of simple stuff while you were spooning over LOQ.
Posted at 11/4/2022 19:25 by effortless cool

You seem hopelessly confused.

AIM does not act as a policeman over foolish transactions by its constituents. This is a PROPOSED ACQUISITION and will only take place if FOX shareholders vote in favour of it. When that vote takes place, FOX will need to provide much more information regarding what it is buying and why. All FOX has done at this point is loan £400k to ECO Buildings.

I would suggest that anyone still holding shares in FOX is necessarily stupid, so there is every possibility that shareholders will approve this absurd transaction. I myself am not mad at Chris Gilbert, as I have never held any shares in FOX. I just enjoy following the stories of some crooked little companies.

Posted at 11/4/2022 07:05 by pugugly
So Dominic Redfern - Used to be a major shareholder (from memory0 but not currently listed on the fox site -
and Albani a 5.38% Fox shareholder are the listed directors of the new company

Intereting times -

I wonder what Andy Muir the currently listed major shareholder has had to say about this change?

Posted at 11/6/2021 15:16 by pugugly
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"

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