Fundamentally3 Mar 2016 18:40
They have loads of excellent marble of various types. They are extracting the stuff. They have sold some of every type as I understand it, but clearly the quantities have not yet been huge. The factory has been long delayed but recent delays arising from the ordered plant being destroyed are hardly Fox's fault. Sales are the issue. We need more.
How hard can it be to sell marble? Not that hard is my guess. It may be taking a while to gain traction in the market but given the low cost of the material/labour, once sales come through, they will be highly cash generative. Sales will inevitably come in my view, and when the Order book starts to fill, we will be laughing.