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I’ve a long way to go in order to breakeven on my full investment, around 14 pence mark. I’ve sold some, made a few hundred but most is stacked at too high prices so it sits and hopes one day along with other commodities it will see the light. I’ve done ok last eighteen months so this alongside apollon is my two crap stocks, written off but would more than welcome any back.
I’ve learnt not to dilute down too far, plenty better investment out there and I’ve enough in here to positively help my funds. Good luck, happy new year
Now this is interesting and something we haven't seen in a long time:
Today, Thursday 23rd there were two very large BUYS around midday 2 x 875,000 shares at 1.375p - a spend of £24,000
Hoopyhoop - I still agree with you . . . but at 1.35p (which is the current BUY rate even though they show as SELLS) they could be a good bet given the litigation which is well backed. Even if they come to a half-way house agreement, I reckon it will still be quids in for FOX and thus a good bet for shareholders. Well, that's what I'm telling myself.
All the best.
Best of luck dac...looks like a sad state of affairs.
You have a point Hoopyhoop - but there have been a few deals done today and they've all been BUYS at 1.35p.
Then yesterday we had the Spreadex RNS on their CFD transaction.
Something's up.
Hopefully !!
What the heck has happened since then?
Yes indeed 38 Mill now and 19 Mill with the warrants. But if it gets us through the winter and into 2022 with increased production capacity and orders plus possible block sales then in my book it's well worth it. And compo to boot!?
However at a MC of £5 Mill and a spread of less than 4% top-ups are cheap?
Even if the constant dilution isn't so encouraging!
Gets us into 2022 and the prospect of more both block and product sales. Fox has it seems backers who consistently step up to the plate. Very encouraging.
Cushty, TT, lovely jubbly
johnpwr,
I too bought in in'17 and sold out in '19 because, as I said at the time, it was all a bit to Wild West for me. I manages to turn £5k into £3.4k! However following a change of government and Chris Gilbert still swinging I bought back in and stand in at about 2p a pop. Because I see this as a pure gamble I've accumulated some 750.000 Not exactly bet the farm but certainly a large paddock and a couple of pastures! Irrespective of the Court Case - which must have merit considering the quality of the legal team the biggy for me is falling container freight rates which should start to happen next year by the summer or so. My guess is that we will be as cheap as anybody with comparable quality stone. One other long term biggy is the Stone Alliance. If this comes off then we'll all be millionaires - but not next year Rodney!
dactions, TT,
Was in at about 10p maybe 4 years ago. I couldn't see it as other than a bargain. Then I saw that the most insignificant orders were being RNS'd, and watching interviews got the impression that CG was a very sincere, very likeable human being who was completely out totally out of his depth in the job so exited (no doubt at a loss). But always kept an eye open. I admit this is more gambling than investing, I think I have 100k shares, but its better than sitting in the pub drinking! The only hope imo is the legal claim, and the hope of the compensation being met in full is very unlikely. However even a negotiated settlement at a significantly lower level than claimed could provide a significant uplift in the SP.
@johnpwh
Welcome back on board - just think, you've come back into FOX at the possible 'prize' level !
Some of us here have 'horrible' share purchase averages - mine's 7p and that's only because I bought several lots earlier this year at the 2p level - I agree with you TT, we're buying the faith that Chris Gilbert will finally turn this about. I hope his guardian angel is watching over him - we don't want anything to befall him.
Yes John, litigation is the biggy but I think there's a fighting chance of the company pulling through anyway - it might just happen anyway! I think it hinges on freight rates and that is not within Fox's control so anything can happen. This is in truth a real gamble.
Hi TT
As you will see I have joined your ranks.
If you remember I am a previous investor/ gambler/ fantasist here, I don't remember how long ago. Anyway this is just a small punt on a successful outcome of the litigation, I wont be adding further!
Hi John, I originally bought in April '17 and sold 2 years later because of the way the Kosovo government was acting. I said at the time it was a bit too wild west for me. I had £2.5k invested and lost about £800. I started buying back in Jan '20 when the government changed. Chris Gilbert gets my vote because he just keeps on swinging. Couple this with good stone and a low wage economy and I treat this as my 3.30 at Chepstow. I need about 2p to breakeven so I reckon I'm still well in the running!
Hi unvrkw, erm well yes, 50p is perhaps a possibility! Stone Alliance will have to be progressing well for that though.
Mines got a lot of cynical value plumbed in too. Holding through no choice, however I’ll probably sell at 50 pence
unvrkw, Trurotrader
Got to hand it to you 2, you certainly take the prize for keeping the faith!
John
Thank God we are still alive, I thought we were dead in the water, but these sorts of contracts show there is still perhaps long term viability independent of the court case..
Welcome aboard iceman, Re the court case I think we have a reasonable chance of winning but the big question is how much. The loss to the company is difficult to measure but I would expect a much lower payout than the claim itself.
I see the successful outcome as cementing the future of Fox. No debt, new equipment, cash to open up new quarries and establish new sales channels and most importantly fund Stone Alliance.
To be honest I have a small holding here. Its not one few 100K shares. The reason I bought these is because of the court case. I think if they win we will be up 1000's of %. With only 4 millon market cap if we get 100 to 150 million cash. Where will we be?
But always great to see the company doing well!
I'm guessing that we only get paid when a customer actually buys and this is, in effect, a shop window. However really good news and shows that the reports of our death are perhaps exaggerated! Processed stone has a higher margin than block so lets hope the venture is successful.
And another contract
Well done to Fox for this latest contract news.
But please Chris Gilbert - make my Christmas and get this share price up again and away from these sorry low levels.
What a surprise! Less stone in the ground and more cash in the bank! I'm guessing we have reached the winter quarry shut-down so there is at least a part order to fill when we re-open in the spring. Do we dare to dream?