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Growing in confidence
The share price may pause but I think this is just the start of the rise. Relistening to the investor show and the answers to my questions there's 3 main things that is going to drive it.
1) Several contracts should be announced within the next couple of months and this latest town square contract is the first of many. Those new cutting machines are needed online asap to help with this as Chris said the factory output would need to be incremently increased from its current capacity of 165,000m2 per year to cope with contracts coming through. To me that shows Fox marble will be significantly profitable next year from processed material alone.
2) Fox is in the market for more quarries. The next could be in southern Albania near Vlora. I'm happy with this as it decreases the country risk being spread out. Who knows when that will be announced?
3) Fox marble had an investor ready to supply the money and ready to sign contracts to get stone alliance up and running before the Malesheva fiasco. The investor will testify to that effect which is why fox is not spending a penny on litigation. A 3rd party litigation provider is ponying up however many of millions it takes to take this to arbitration as they expect a win from this and will take all the risk to get a share of the proceeds. That shows how strong the case is and why I think the share price will rocket as this gets closer to proceedings and a judgement. Chris personally thinks the government may settle before this gets to the end of the process if they think they are on a hiding to nothing.
On a smaller note Fox now have their own truck to transport marble. Less work for Lanii Kastrati. I will miss his facebook videos driving around with marble to crazy music...
All this so called positive news (FOX never been better blah blah blah) make me relise FAUX holdings has never been in wors state. Have a look at this documents sent to me revealing the legal shenanigans including e Civil court and Criminal court directed for three Kosovo quarries:
https://ibb.co/CvpT39p https://ibb.co/pKhMCmP https://ibb.co/JRfyH1n
hxxps://ibb.co/CvpT39p
Thanks for the info eshaitan. Didn't realise you can access Mine Prophet retrospectively - just done so and consequentially i have placed an order for a top up on Monday. It seems as if the whole company is back on track with contracts, new revenue streams, increased factory efficiencies and a strengthened balance sheet to boot.
JasonP432 - you are a just a little confused and delusional.
No problem Truro.
Unfortunately our very persistent kosovan keeps springing back onto the bulletin boards under different names and keeps getting his accounts deleted. Posting the same old links. He said that action on these documents would be within 2 weeks. That was months ago now.
I have already said I have asked the company for a statement months ago and it was an eye opener as well. The kosovan courts in the past have already said this isn’t a matter for them, take it up in London. This latest document is a rehash and is going nowhere. If this is who I’m guessing it is you have already perjured Chris Gilbert in the past and you’re lawyer had to apologise to the court on your behalf, you haven’t even bothered to try in a London court, strange that.
Lastly statute of limitation has expired and this can’t be pursued anyway. The words I would use is embittered. Keep posting your links whatever name you want to post under they will make no difference for the 3 reasons I have already stated. Blocked again!
Hahaha 2 weeks action. NO my freind, charges file many weeks ago but good luck for your investment and just for me do a more investment or slight top up as you and other unlucky ones seem to call it.
Yup, I've filtered him again.
How do you know they now have there own lorry? I thought transport was always paid for by customer? Seems are we moving into logistics also?
Seems like overall good news to me, covid may delay things but at the same time governments are trying there hardest to keep things going and spending local money at local businesses, for local people which can then be seen, felt in their local squares hits the spot?
After years of corruption, money spent elsewhere local people always want to see change and benefit for them. Overall as Chris said probably best position they have ever been in, not unusual and seen this before where an sp and company from listing goes through so many different phases and ironically as it becomes more unloved and sp drops the business can actually become right for buying.
I heard it on the mine prophets interview at some point. A complete guess, but I think it’s for fox mainly to bring blocks from their quarries. It has to be cheaper to take that inhouse the amount of blocks they must be chewing through.
I also thought it was an internal truck but but that wasn't stated. My reasoning was that if you were going to transport for customers, maybe some distance, one truck might not cut it and you'd still be paying for internal transport. It always was the customer pays anyway.
As an aside my top up was purchased at 8.03 this morning at 2.09P which is pretty much my average. However it does not appear on the share trade tab - good old LSE!
Mine Prophets was well worth the £3. Interesting that TW was a satisfied customer but not so sure re a share holder!
It's the 400,000 at 2.09 which has been classed later on and seen as a sell on lse.
Between myself, ezh and you we might hit at least the 1% level. I've always stayed in fox, didn't realise the loss and cash out so need around 7.5 pence to break even which hopefully is more than possible. Seems on this board the three of us are pretty positive And the one guy not happy and pretty much strongly against the bod and fox. Really hope fox does well, I'm wary of covid problems again however that never stopped the plant first time so hopefully not if things get tight again.
Winter is coming, I wonder if they can get stock out of the quarries before they are physically closed with snow? Don't wish to get to a place where they are snowed in and nothing available. Still bit I hope upon the next is the years to go before paying back the loans, on the one hand a negative position but positive going forward.
Decent buys on both exchanges. I can’t see the quarries opening this year unless the infection rate drastically lowers in the Balkans, it might be processed material only. The kosovan prime minister just caught coronavirus as well and is in isolation.
https://balkaninsight.com/2020/08/03/europes-southeast-grapples-with-covid-19-resurgence/
Hi eshaitan, Good link and perhaps Covid-19 could indeed hold us back as the health system seems to need protection. There again you'd think quarries are fairly safe places. It appears we have a decent amount of pre - extracted stone and with increased factory production and contracts being won there is some momentum. Well done CG for putting the debt back to give a little breathing space.