Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I get your point TT but overall the history of Fox, which lets be honest is at an end, says otherwise.
I have been in and out here for quite a few years. Having listened to him years ago this appeared to be the biggest secret on AIM. He is a salesman, plain and simple. We had the promise of bottomless quantities of Italian grade marble just sitting there, talk of contracts in prestigious Chelsea developments, the Middle East, showrooms etc etc etc. What was the reality? A business so ill considered and hopeless that we got RNSs if a £50k sale was made. As NotMuchinSales so rightly pointed out there is more turnover in a corner shop. As investors (if you can call us that) all we can do is assess the information being put out, and that was always hyped. I think calling CG nice but dim was far far nicer than calling him a liar and conman, do you not think? He was dim because, lets face it, there was never a viable business here. Don't forget that while you and I have almost certainly lost every single penny of the money that we have so stupidly put in here, the Directors have been drawing salaries and pension rights. Maybe that makes us the dim ones?
John, You are correct in that GS is sincere, and I think you may have underrated that quality. You are wrong that he is very very dim. If that were so he would not have been able to negotiate the no fee no win with Dentons which was quite complex involving certain upfront fees that were not payable by Fox. In addition Sir Mark Grant would not have become a NED - You need to read his CV as in the RNS.
Sorry TT but for me CGs main attribute is that he is sincere. He is nice but dim. Very very dim. I have zero confidence in his ability to organise the proverbial let alone a quoted company.
This is a total write off as far as I'm concerned, though that is irrelevant as none of us can sell anyway
No block sales are the problem. Processed stone appears to be selling, but not in amounts to make us any real money.
We are just hanging in there as we have been doing for the last few years. I'm not in 'terror' but it becomes increasingly important that the compo comes through in a year or two. It actually was ever thus since the Malesheva quarry was closed. We still have 3 months to relist and I think that with CG's ability to keep on swinging and the recent new NED
there is a plan which, cunning or not!, has certain merits. There is a world wide requirement for companies such as Eco-Building. Modular construction has to be a way forward.