Member Info for eshaitan

Like many bought in on the drop. With fees and duty a 188p average, so down already, but who ever gets it exactly right?

I have family that work for Costain and they are very different from the competition. Little debt and net cash so even if the visibility of earnings is a little bit hazy for the next couple of years the foundations are very solid.

Expect a dividend cut this year and next but a great opportunity for some capital gains here. I think this will bounce quite quickly, especially with the statement from the CEO this Tuesday. This isn't a Kier or Interserve, this is very well run.

Cash burn was 180k over the last 2 months. 800k left. It’s hard to say, sales will be weighted to h2 and monthly revenues should increase. Cash burn should stop until the end of the year.

Green power would have been handy, but I never like talk of legal action it’s always expensive. They might just be stuck in the deal until it’s paid off, it wasn’t that much anyway. The licence to the malisheve quarry is another matter.thats a company maker and should be pursued.

Just 8k of shares traded on primary and secondary exchanges today to drop the share price by 8pc. It will recover.

A minimum of 2.6 and probably more at that run rate. They have another 6 months of full quarrying and I expect companies to stockpile over the winter and increase their orders before the shut down period from mid December to March. With a fair wind and more orders from prilep I still think it could be nearer 4.

Investing in a marble company isn’t for the faint hearted! 280k in sales in May is okay, especially with those big orders not kicking in that month.

Bemused on the legal action. I thought the purchase of makeshebe was cheap at 1 million but surely this was agreed beforehand. Especially as Nail Rrustremi was involved and he is a director of one of the subdidaries. . I guess they want more money...

Yes thanks for article, I just signed up and had a read. I'm just wondering when the interview for it took place, as it reflects information given at the start of the year with no temple contract mentioned. The 3 million revenue matches the information the company gave us in February for their confirmed orders of 16000 Tonnes of block marble. I think most of that would be for Selene and Alexandrian Blue.

Since then sales of Alexandrian white have motored and it's only June. I know the business is heavily weighted to Selene extraction at the moment to meet sales but I really think that forecast will be upgraded at some point.

Onwards indeed, I'm looking forward to h1 results for a change.

Nice to see some optimism. Maybe one day it will spread to the advfn board!

Well they are trying anyway!

I wasn’t expecting an RNS anytime soon but thought I would check. Its good to see the company announcing significant sales of marble to their existing customer base as promised. That 16000 tonne block sales target might just happen.

300k-400k. Probably nearer the bottom of the range if its lower quality stuff. A damn good sale.

A good day to be a fox marble shareholder.

It's nice to see some of the excess stock being taken away. Hopefully they will do the same for the bianco marble as well.

It’s a big leap from last year and no doubt I will be disappointed but there is so much room to improve on all fronts.

Sales from prilep will massively increase, we have already seen that start.
Sales from malisheve should do the same.

The factory has been a head in hands for the last few years. 40pc more processed material sold last year than 2017 but total revenues dropped over 10% to just over 350,000 euros despite all the new kit and investment. That has to improve as a matter of urgency. I guess the office in Dubai will help with that.

I think Andrew Muir is a private investor, an ex broker, and now the biggest shareholder. Let’s see what h1 interims bring. I still want to see 1.5 million in h1 and 4 million for the year.

Why shares are scarce. Andrew Muir is adding to his holding.

By the way unvrkw I see Lanii was back at the quarry. Nice to see they are still need to transport more blocks.

Glad for you. Apparently the joint broker is to raise awareness and interest by institutions. It’s not a fund raising exercise. Expect further research notes soon.

I'm going to have to take back what I said about the Indian sales team now as well. They negotiated it.

I saw the contribution link on one of the hyperlinks I posted but I think I would rather put the money into Fox Marble! It looks like some of the Alexandrian White will be going this year if they need to hand carve everything their end. It bodes well for revenues in H2. I'm surprised he wasn't more confident on this not impacting other sales if they have already extracted 4400 tonnes by the end of April.

Yes I did and last week as well. But not much liquidity today.

I have another 15k to put in at these prices this week. That should take to to over a million shares with an average under 8p.

I haven't spoken to Chris yet. But I have no doubt Prilep can supply as many projects as Fox can sign up.

Listening to the directors talk interview the other day, Chris mentioned those buyers from Greece saying they had to be sure they could collect a minimum amount of marble from malesheve each month. My first thought was join the queue, and Chris gave no indication whether Fox marble could. You have buyers from Greece, Italy, India and China who all want selene. They have only quarried 1500 tonnes from malesheve this year. How much of that was selene and how much was bianco or superiore?

I'm not sure that quarry can ramp up that quickly. You have seen the video's on facebook, to extend all the benches they frst have to clear the topsoil at the top bench and quarry all the benches back. There is a lot of hill to move.

On the plus side they seem to be getting a premium price for it. Going by the end of year report they sold 894 tonnes to China last year for 209616 pounds. I make that 234 euro's per tonne, much more than they indicated the year before.

It's going to be very easy to keep tabs on this project. It has plenty of articles online, it's only wikipedia link and video's on youtube. Journalists knew stone was coming from Macedonia from this in April, I'm surprised Fox didn't announce it then. I was a bit mean to Fox marble announcing this jam tomorrow contract, there's no doubt it's going ahead, is a big contract and will easily be supplied from Prilep. On reflection Fox is looking very cheap with an enterprise value of 20 million, I will start to average down again.

https://www.mandir.ae/

https://en.wikipedia.org/wiki/BAPS_Shri_Swaminarayan_Mandir_Abu_Dhabi

https://www.thenational.ae/uae/heritage/uae-s-first-hindu-temple-to-partially-open-to-the-public-next-year-1.852651

https://www.cntraveller.in/story/first-hindu-temple-in-abu-dhabi-8-things-you-may-want-to-know-baps-hindu-mandir/

https://www.youtube.com/watch?v=cJ16NnnqzUA

https://www.*************.net/interview-fox-marble-holdings-2018-results-stability-visibility-and-new-orders/ Directors talk link

And another good rns Get rid of the deadwood. I really like this management

Raising debt is something they have vast amounts of knowledge of, even more than selling marble! If it happens great, but I want to see Fox become profitable first. It already has about 4.4 million euro's of outstanding loan notes and trade payables of over 1 million. It would be nice to see some of that paid down and not converted or reissued.

It's not like they need more marble, they already have 4 million euro's of inventory not including the stuff they have quarried this year. The management haven't proven they can build a company of this size yet let alone 40 more quarries.