Member Info for Ctw2014

It's all down to a Daily Mail article today which is generating more interest and awareness.

Hope this has genuinely turned the corner this time and the big seller has done.

... today reaffirmed its speculative buy investment rating on Fox Marble Holdings and set its price target at 12p.

Very pleased to see us finish level after a shaky start. It's easy to be critical but also easy to overlook the positives: A billion tonnes of premium quality marble waiting to be quarried (no resource risk); 3 out of 6 sites brought into production with a good range of marble types; a fully equipped factory built from nothing and now fully functional; 8,500 sq metres of material already cut; revenues doubled in 3months; relatively little debt; relatively few shares in issue (no massive dilution or death spiral financing); CEO with 11% 'skin in the game' and other supportive major shareholders; Government supportive; low market cap and bags of room for growth of sales and eventual profits. When you think of the exploration and development companies on AIM with much bigger market caps and no revenues at all, or even early prospects of revenues (just resources in the ground) we are in a strong position. Furthermore, whilst most shareholders will be in the red and unhappy with share price performance to date, the upside of that is that most will also probably be inclined to hold for decent gains from here rather than sell at a loss. Any share price gains are therefore likely to be held (barring bad news) rather than sold into. All in all I remain happy with my investment.

Well, as is somewhat par for the course, sales in the half to 30/6/17 are disappointing at only €329,607 (up 26%) BUT they have achieved almost as much in the 3 months to 27th September (€304,345) so finally beginning to pick up in volume. Sales of €2m expected to be recognised in 2017 out of an order book now standing at €5.6m. Cash at 24/9/17 is only €296,613 but they have over €1m available on a drawdown facility. Finally, there is explicit confirmation that the factory is fully operational and material is stockpiled there ready for processing during the Winter quarry shutdown. Demand from the Malsheve quarry currently outstripping production and yield being maximised ahead of the shutdown. Overall, not as good as one would have hoped, but they are getting there and now is not the time, in my view, to be running out of patience.

Your welcome. Always happy to help out.

Oh, and if you want further 'proof' try dummy buys/sells. If you do, you will see that the current sell price is still 7.5 whilst the buy price has predictably moved up slightly to 7.7195. All on the basis of quotes I have just received. So, in my humble opinion, it's a near certainty that the 1,500,000 trade is a buy, but each to their own and dyor of course!

Notmuchinsales you know as well as I do that buys are often reported as sells and vice versa and is purely a function of whether the price of the trades is above or below the midpoint between the published bid and ask, which frequently bears little relation to the actual price paid on a trade. You also know that the best way to gauge whether a trade is a buy or sell is to look at the pattern of recent reported trades which usually enables you to deduce which is which on the basis of the prices actually paid/received. In this case the 1.5m trade was at the published mid price of 7.625 which in itself tells you nothing. However, if you look at recent trades it is pretty clear that buys have been at 7.625 and sells at 7.5. Accordingly, in my opinion, it's pretty clear that it was a buy. Sure it's an opinion, but it's an honest and reasonable one based on the only information pi's have. Frankly, I am pretty sure that you know it's a buy too, but you say what you say because you are determined for whatever reason to throw cold water on anything I or anyone else says about this share which is remotely optimistic.

Well, someone with deep pockets obviously thinks this will do well as that's clearly a buy.

... my top up shows as a sell.

.....for me this morning. David Budd interview on the 11th said should be announcing distribution partners for the HepC test 'in a couple of weeks' and looking at later this year for 'commercial traction'. Market Cap just £6.7m and as at 30th June they had £5.1m of that as cash in the bank. Low cash burn as already generating decent revenues. Should see this grow significantly imo when the HepC test starts getting sold. Each Genedrive unit will sell for about $4000 with individual test kits costing $30-40. Big markets in Asia and Africa. Not much buying needed to shift the sp upwards. I think that will happen soon, hence my top up.

The interims were out 20th September last year so we should be getting them very soon. Hard to see how sales will not be significantly up on last year's (albeit from a low base).

I think that 202,163 sell is a one off, and the sale price reinforces my belief that the 50k trades at .35 were buys not sells. Just my opinion.

And there is the big sell that was being worked over the last few days preventing any significant rise on the CE news. Hopefully free to rise now on any further buys.

Yep, big seller still around so I am back out. Not taking any more losses here if I can help it. Will wait for a more sustained recovery.

Hi Riddler Not convinced of that actually. The Pru were buying in February breaking the 6% threshold in an upward, not downwards, direction and there has been no holdings RNS since.

Hi Riddler - personally, I think those large round number trades are buys, not sells. .35 is closer to the live buy price that I am being quoted than the sell price. What is baffling me is why they have not moved the price up much as this usually shits on small volumes. I suspect maybe a large sell order being worked in the background negating the effect of the trades which are showing?

Very good interview, and seemed very clear on the timescale of around a couple of weeks for an announcement on a distribution partner.

Morning Troy. This will reassure existing holders who may have been wavering, which is important. GDR is not on many people's watch list so not many will have even seen the RNS yet. 100,000 buy though. Hopefully more to come. As you know, it doesn't take much buying to move this up.

CE certification for the HCV test out. Great news. News of commercialisation plans next.