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Fox marble have added more photos to their twitter account for more cut to size material.

And if he is wrong he will quietly disappear. He can’t lose.

Yep

I see they released another research note yesterday with forecasts unchanged. They haven’t accounted for any revenues from the tie up so anything will be a bonus. Hopefully they will release the video later.

To try and soothe tensions before tonight’s presentation. This could have been released with the initial rns. The take up numbers is meaningless.

It has been good unvrkw. Over 25pc up over the week. All they need now is a solid operational update.

Have a good weekend.

Yes all their quarries they transport to their factory. Kosovo is only 100km by 100km in size so syringane, malesheve and rahovec quarries can’t be much more than 50k away. Prilep in neighbouring Macedonia is roughly 200km away so a longer distance but as the factory is based near the capital Prishtina the links are excellent.

Thanks for the link I will have a watch later. Back in the black now. That averaging down helped. I’m sure notmuchinsales will be on here anytime now to congratulate us...

Going by the interim reports they quarried 1929 tonnes at prilep over the first 6 months but were probably only operational for 2 months of that. I did a quick calculation when the rns came out today. I’m happy to assume they can quarry 1000 tonnes per month the quarry is open. They should be able to quarry at least 8 months a year. They sell this marble for about 300 euros per tonne. For every 1000 tonnes they quarried the sale price should be around 300000 but the 40pc commission would be 120000 of that. The commission saved for 8000 tonnes per annum would be over 900000 euros. Assuming they sell it all of course. But as operations and sales ramp up it’s a large amount. The payback in this latest deal might only be 2 years, that’s why I was pretty happy about it. That amount will drop straight from costs of sales to the bottom line.

Good rise on the day. I dare say this will be settled in shares but as the company matures they may get access to different lines of credit. Next rns the dedicated tile line up and running...

this is a fantastic deal for foxmarble and money well spent. It always niggled me the amount of commission we paid at prilep, this makes every quarry now commission free or maximum 20pc of profits after costs at malesheve. This will drastically improve the bottom line. Whether the market appreciates it at the opening bell or not we will see.

It’s not just Instagram being constantly updated. The fox marble website they keep updating the quarry and factory information with the new machinery being installed and pictures of some of the smaller orders being packed and shipped from the cncmacine. Alexandria white tiles going to Italy and Rossi Cait tiles as well in June. Illirico Bianco tiles dispatched to London in April. It all adds up and none of them have rns announcements as the amounts are too small. I can’t see NMS being able to give an estimate for next year. They could theoretically knock out 100000 euros of standard tiles per day if they had to. I hope they rns when the new line is fully installed and operating.

And we invest because we all see this being a viable business. Otherwise we wouldn’t. Noone here is going to throw money away on a lost cause, so relax. It’s geographically diverse, the break even point is quite small, and I would rather they didn’t give numbers at this point and manage expectations and not give information for customers to question pricing. What we do know about h2 is they are still expanding. The whole of July that cnc machine was booked out 7 days a week so they have had to supplement it with a dedicated tiling machine. That has to be good. 2 large tile sales already. The uk showroom we don’t know yet. Quarrying amounts we don’t know yet, but the weather has been good. It’s hard to see them needing more for capital expenditure in the factory anytime soon. Will Dubai take that full order this year? Who knows. It’s a question of waiting.

If they announce an order for 50 squillion we should be alright then. That must be worth a couple of million :)

I think they grossy underestimated the capital expenditure for the factory and equipment needed to bring the quarries to production when they listed. The delays on the factory and establishing sales have also burned cash, losing consistently losing 2.5-3 million year on year. Recent cashflow would have been hit by the showroom and this new high speed tile line. I doubt either were cheap. It’s quite possible they are buying new diggers and cutters for the malesheve quarry. If they can sell whatever they can dig out it makes sense. It might have been honest to say we spunked all our money on these latest upgrades and this is for working cashflow until we reap the rewards. It’s a shame having cleared the majority of the debt they have 1.2 million again now. I still think they can generate enough to pay it all down though.

Dino no. OM enterprises probably yes. 5000 tonnes would be 850000-1000000 in revenues as they take blocks. They paid 500000 dollars up front. Still 2 years left to go on that deal. The USA deal again has 2 years left. Hard to say especially as the cnc and tiles are just online recently. The tie up for the Middle East yes and will probably be in excess of that. They were granted exclusivity if they hit that minimum for the GCC countries. The 500000 dollars paid recently is part of that.

Will anyone be attending the falanx presentation and questions session on the 16th October? I’m wondering if we will see an update before then.

It’s very profitable that’s for sure. Enough to pay off the loan notes. This company has had delays, there was a steep learning curve, but the only thing they have to change now is the sales mix. They don’t need more equipment, they don’t need more quarries, they don’t need more staff. They just need to carry on doing what they are doing with what they have and put in a pe next year of under 10. Then watch the share price fly.

Fox can theoretically cut 400000 squares meters of slabs each year which equates to 35000t of block material. The slabs can be turned into tiles and cut to size so the bottleneck is the block material at the moment. The Selene they can sell 3 times over because India wants 1000 tonnes a month and the Chinese want 300. No doubt the Chinese are paying more per tonne so get first dibs. The target was 20000tonnes of block material and 40000m2 of slab material. Out of that 20000tonnes 3500tonnes is required for 40000m2 of slabs but that may well have to increase if they keep getting tile orders of the magnitude they are getting. Some of the 20000tonnes may be sub standard blocks that are only good for the factory anyway. The latest interview Chris did he said he wanted a 50/50 split on VOLUME between processed and block. I read that as next year if they quarried the same amount they would like 10000tonne for block sales and 10000tonne to slabs. Makes a huge difference to revenues, going by historical figures you would get 1.7 million euros for the blocks and over 7 million euros for the processed for the same volume. Ideally the quarries mature and next year they can extract even more with the same manpower. I think we would all be happy with the 20000tonnes target being met this year, but we aren’t going to find out until the end of the year.

Especially if malesheve and Illirico white become the foremost sellers with illirico selene second as Chris Gilbert expects. The commissions on the malesheve quarry are much smaller than the Macedonian ones. I guess the next major update will be december or January. I don’t mind them spending less money on set up interviews and rns’s, a statement every 3 months or so is fine.