Member Info for eshaitan

https://m.facebook.com/RamushHaradinajOfficial/ If you scroll down to his visit there are a few good pictures. A pallet of the 10 by 10 tiles stacked and lots of larger tile crates behind packed and ready to go.

Fair point Nitbhav the supply and demand does favour us.

Not sure on the share price I don’t see much in the way of volume. Personally I’m not adding, I don’t know if you are? I think we need some new buyers.

If prilep really takes off a 2nd factory in Macedonia would make sense. It all depends on how much processed orders they get for that material and the factory costs vs the cost of transporting to Kosovo. Short term though and without access to bank loans I would rather they didn’t. Our marble is only one third of the price of Italian marble, so even better. The only doubts that remain is how much block marble they have extracted. That’s twice now they have said they need to do better, possibly they missed their 20000t target last year? Surely profitable this year if this alexandrian blue can make in excess of 1 million euros and much more if other customers come on board? I’m going to say the Mcap now is justified as we need trading numbers but you’re right this could very quickly be revised markedly upwards.

Thanks as well. It was very bullish, especially with the prilep quarry and being able to quarry enough material to fulfill this order. And Chris did explain his wording in the rns that caused some confusion.

Tom Winnifrith on share prophets A shareholder in the company as well as a buyer of fox marbles Alexandria white for his holiday villa.

It’s a good feeling mate. After much averaging down I have an 8.3p average so I’m finally in profit. I see TW mentioned this one yesterday. As a shareholder he is very confident in it and it’s progress.

Nice find. It seems amazingly fast, but it is a very small country!

Makes sense. Thanks, that’s a very interesting read. I hadn’t found anything recent on transport improvements with such detail. I was trying last year to find information on rail upgrades as well and whether the industrial zone fox marble is on has other companies setting up yet. The logic was the more companies the more likely they were to build the promised rail spur. I couldn’t find anything but anything that improves infrastructure and reduces transportation costs and times for us or our customers has to be good news. The business case for investing in fox keeps getting stronger.

Anything is possible. The last 2 statements show they had a strong December and the quarry's were still accessible.

I thought the last update was bullish. They have established bases in their chosen markets and are concentraing on penetrating them further. I interpreted it as they have barely scratched the surface in any market , the growth potential in every region is huge.

Saying they can knock out 50000 tiles in 10 days with ease was a nice touch as well. All we need now is a mild February and no rerun of the Beast from the East.

By the way unvrkw you asked about Gulf Marble Investment Ltd and who exactly was behind it. Check out the filing history on the link below. A Dominic Redfern and Safia El Malqui were behind it from 2016, but the company has renamed twice and has a history with Chris Gilbert way back.

https://beta.companieshouse.gov.uk/company/07248646/filing-history

https://twitter.com/FoxMarblePLC?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

A good week.

Nothing on pristinestone. I checked a couple of weeks ago to see if they have to publish accounts but as a private company in the USA they don’t have to. We will probably have to wait for fox marbles annual report and see the breakdown of sales by territory.

I suppose it’s whether the material from that new bench continues in commercial quantities. To be fair they did put a caveat in. I just googled Zebrino marble. It does command good prices and we don’t have anything else like it so it won’t cannibalise other sales. Anyone else thinking gulf marble got taken for a ride selling their 40pc stake? :) that would be 400k extra profit from 1million revenues already.

But I am booking a 100k for that sivec sold in December....

Well gentlemen we don’t have to argue over details, we have news from the company! Alexandria blue. Guess we should have seen that coming, didn’t our Sivec competitir have 5 odd shades of sivec all from the same quarry? I think I will wait and see them extract in sufficient quantities before I get too excited and book that million.

Interesting points philosophical and of course you’re right about the operating loss. You are far more bullish on block sales than me, but I think I’m learning towards the 10% end on the processed sales tonnage. It could be as much as 20000m2 in sales this year which would equate to about 1700 tonnes of block. If you’re right about the block sales 3 million would be very conservative. And I agree with unvrkw, h2 will be a very different beast. It’s a much more dynamic company. I pencilled in about 5 million for break even with higher energy costs and showroom costs but I will be very happy if you’re right. My wife was asking what I thought was the potential with this share yesterday and I said honestly I wasn’t sure and the next update would be crucial to how fast the company was growing and how close it was to generating profits. I think a 5 million profit is possible on current extraction rates just by getting the volume of blocks/processed sales to 50/50. That would imply a market cap in excess of 25p I think and could be achieved within a few years. But the potential is there to expand way past that.

It’s all going to help. Especially if it’s processed sales in the European economic area which will push the average gross margin up, as the margins needs to increase rapidly. I had a quick check of my notes last week. The gross margins for 2016 were 37.3%, 2017 this reduced to 33.9% and in h1 2018 they were just 31.5%, hardly the high margins we were promised. Operating loss 2016 was 3.0m, 2017 was 2.9m and h1 2018 was 1.0m (better, but mostly only because loan costs and debts were reduced from the placing) and directors took shares in lieu of some salary. I want to see what the factory does to average margins and operating loss in h2 2018. And then in h1 2019 the impact of the processed sales, the better margins from buying gulf marble and retaining the commission and hopefully a shorter winter. The company can breakeven in 2019 on 5 million of revenues if they can increase that margin to 50%. If they can push it past 60% they may only need revenues of 4 million to achieve breakeven, but at the moment on the margins they are achieving from block sales they would need 8 million and that’s just not realistic. Update please fox marble!

Nice quote I have never heard that before.

By the way we had a new distributor start up at the end of last year in the Balkans, not a bad thing as Dino Marble doesn't seem to be making great progress. I didn't think much of it as it looked a bit amateurish but it is part of a larger group that supplies marble machinery and has offices in Italy as well so it could have potential.

https://balkostone.com/

the link for other users.

https://www.instagram.com/p/BsdYmuVlMJL/

Very pretty and good to see plenty of equipment there.

The weather is no joke and it’s not even a cold winter by their standards. I just watched a video of a car in Pristina trying to get up a snow covered road and slid down taking 4 other cars out. Chaos! My thoughts are I’m still extremely bored of this share but my head says there is a good chance of a great update for H2. It won’t be the block sales that get them over the line it’s the cut and polished stuff, I think ( and hope) it will be more than you have accounted for. This reminds me of alliance pharma, another boring boring share but one I looked at many times and never invested in. I wish I had it was a slow and steady growing business and the share price doubled before falling back to just 50pc up over 3 years. After that I promised myself no chasing oil or mining explorers. Stick to the boring ones that you know make sense no matter how many years it takes. I really wish there was a trading update though. They must have the approximate figures for year end.

Nice find. They already have the low tax in place, kosovo just need to complete their infrastructure upgrades on motorways and rail. It’s nice to see they work closely together.