Stockmarket Show13 Sep 2014 19:36
Sorry guys didn't get around to talking to Chris in the end. Ships passing in the night and all that. Still, his presentation. Nothing new. I wouldn't have expected it to be honest. But, he was at pains to emphasise that FOX are the only significant listed marble company across the globe. He also emphasised the marble market is fragmented ie.not a cartel, since thus has been a concern in terms of market penetration. Marble price has tripled in last 15 years and is not subject to the volatility of commodity prices.
He said the company are 100% focused on sales, marketing and distribution this year (notwithstanding processing plant).
Theirs is a high margin business. He hinted strongly that the Bianco Illirico marble will be by some distance their strongest seller by end 2015. I am happy about this because it means they will not just have Sivec as a big seller.
Speaking of Sivec he believes they will have a near monopoly on the Sivec market going forward.
All in all very confident presentation. I think we are on the cusp of a real breakthrough.