Member Info for dactions

Following on from the Evil Banksta comments, made me look again into some of the previous background. Listening to Miles Pelham's explanation of the December 2016 RNS cash raising, provided me reassurance again of what Obtala's new management is aiming to do. For those who missed it before, here is the link: https://www.**********.co.uk/content?id=obt_interview

Oops - ****.com - didn't realise it was a no-no to mention the word share or prophets

Here is the link to Chris Gilbert's 20 minutes presentation at the recent London Investor Show http://www.*************.com/views/28259/video-chris-gilbert-ceo-of-fox-marble-speaks-at-uk-investor-show-2017

Also, ************* guru Tom Winnifrith placed his actual/proverbial money on the presumably fun Dragons Den part of the Investor Show on Obtala - for what that's worth of course.

Funki - I see your point. I read the article on *************.com and it's got some detail that seems wide of the mark. I'll give it further analysis before debunking it completely though. But I met the Obtala guys at the Investor Show on a 1 to 1 and looked them in the eye - I don't see the shenanigons that this shorter would have you believe. They're damn good liers otherwise !

Having been in this share for some years - it was a spectaculer failure from when I subscribed to the Fleet Street Letter - I can see that they have turned a seismic (for them) corner. I disagree with the sentiment of an earlier member that 2nd half turnover was less than the 1st half. Remember this encompasses the short-term shock many businesses felt about placing orders following the Brexit referendum. I'm not understanding though what is 'Design-in Distribution' it's not a wooly phrase that hides the Emperor not wearing any clothes ? If it is now a business with genuine substance, not just dressed up distribution, then we may have a chance to see the shareprice grow more strongly but . . . I want to see them succeed and we'll have to wait for the 2nd half to know whether they've really turned a corner.

Thanks Chris - this is a very good watch - he's young and very clear and mature in his objectives. The value of their assets are considerable, particulalry the timber in Mozambique as it contains a high percentage of the high-value hardwoods which historically have always been and will coninue to be highly sought-after. He mentions that there will be another market assessment report of their assets due in a few weeks - this will further underpin the shareprice and all being well, move it onwards.

Chris Gilbert did a 20 mins presentation which was reasonably well attended (in numbers much like any other Co's presentation). They also had a stand and I noticed he and a colleague (whose name I've forgotten) was pretty busy all day. I got a lenghty 1 to 1 with him nearer the end of the day and he gave me his full attention and it was me who brought the conversation to an end - so he was definitely in good form and batting brilliantly for FOX. Most of the talk centred around a few obvious things. 1) They have the right marble that is wanted - mostly grey /white which has always been fashionable, 2) Most if it is not much more than a metre below the surface so easier to quarry, 3) the factory is now finished - final proving of the equipment cutting/polishing etc is just to the end of April no further 4) they have no bank debt 5) they have a monopoly, 6) they are taking fees in shares as much to show they are growing their stake and showing confidence as to save money, 7) their license runs for 40 years, 8) their labour costs are low but their margins on in-house finished marble are huge. Finally Gilbert accepts as his mistake in not getting the Factory finished much earlier. He recognises this has spoiled the share price losing confidence amongst investors and is determined to rectify that. The shares are now at half their original 20p placing price. Having met Chris Gilbert two years ago, he certainly seems more energised this time around and is excited for the Company's near term prospects now the factory is ready to start producing. Do your own research but I feel this is now a share with real prospects given their monopoly of premium stone. I feel the worst is now behind Fox and the current shareprice will be seen as the floor and when we see news that they're turning out finished stone for themselves, then it will be time to jump on board if not already done so.

I can't work it out either. I was at the Investor Show in London Saturday and the Company is really got the bit between its teeth. They are exuding confidence like never before. I spoke with Chairman Miles Pelham amongst others and listened to their various presentations, including a mini Dragon's Den in which Trader Tom Winnifrith opted to put his money into OBT.

It is uncomfortable right now and we're in danger of talking ourselves into depression if we're not careful. At Saturday's Investor Show in Westminster, celebrated Fund Manager, Paul Mumford said he avoided the Biotech stocks needing Stage Three Trials because of the length of time they required to fulfillment and the inherent risks faced on the shareprice in the meantime. We know that we're in just such a stock, so I'm arfaid it's grin and bear it at least for the moment at any rate.

Hi Fred - both your last posts point to the significant symbolism a year ago of the progress being made at RENE. There's a SP weakness right now probably because of some investors taking losses for end of fiscal year capital gains purposes. But we would all benefit from some positive news from the company !

Can we find out ?

Thanks for this interesting read. The outlook for OBT looks very promising. The analysts shareprice target of 28p is encouraging too.

Thanks Fred - you were right, it is well worth a read indeed.

"Moving forward, our plans are ambitious, and to achieve them we will need a skilled, dedicated and enthusiastic management team to execute our strategy. A lengthy and thorough process to identify key roles and high quality personnel to fill them has been underway since Q4 2016. I am delighted to announce that the following staff have been recruited at operational level to fulfil these critical functions and I have no doubt that this injection of talent and experience will have a positive impact on future results." Miles Pelham's closing paragraph from yesterday's RNS was very positive and is the kind of statement that should encourage us to keep our shareholdings. Today's announcement of a further cash injection and at 20p too, plus the cash generated from the recent conversion of earlier warrants will underpin the shareprice in the near term. If we continue to get a stable economic environment in Mozambique, then surely all this augers well for us.

Thank you Azure - both links are very helpful in further understanding the environment in which RENE is involved.

So an RNS today re. Commerzbank's holding I guess passing to other safe hands ? Along with notice that Simon Rollason MD is retiring. I think I met him at the 2015 Investor Show at Westminster. If it was him, he was really a very pleasant older man, old-school expatriate, safe pair of hands but he told me then that he recognised that OBT was changing and maybe he'll be ready to retire. OBT are again at this year's show April 1st and the top guys say they're going to be there. I'm going to go as it will be an excellent chance to check the guys out and rate the company's future prospects.

I notice the shares 6,868,200 traded at close of business 14th March were at the mid price 19.25p - suggesting a need to fix a transaction price of worth for the holding - but what transaction ? A transfer of shares to an allied company perhaps meaning an RNS will come out soon ? I still think this share holds out a lot of promise - as the OBT board seem very able to grow the business but I wish I understood more.

Perhaps it relates to my experience this afternoon when putting a purchase order online ? My first attempt was refused - the statement came back that my size (it was only for 100,000) was too big online and would have to be done manually. I waited 5 minutes before repeating my offer - this time it was accepted and at the same price as before 2.44p

There's a curious lull in the shareprice/activity at the moment - and to push the metaphor further, it's like a ship in the doldrums. I've been adding this year, believing that the current prices will be later seen as a bargain. The science they're in seems to being proved right in general and I'm really hoping that RENE and thereby the rest of us reaps the benefit. Added this afternoon at my lowest yet at 2.44p Good luck everyone.