Member Info for eshaitan

I would have liked to have listened to that. I think they had to release some news as the deadline had passed to receive the initial deposit, therwise people would start to get jumpy. ************* have released a pretty balanced article on the news release. They are also saying a UK quarry has flooded that supplied the USA market and will be out of action for months. Fox Marble are hoping to step in and take up the slack. Fingers crossed. I want to see 3 million of revenues achieved in the first 6 months of the year.

It's nice to see fox marble helping create jobs in the UK through a new distributor and company. Hopefully we can provide the rest of the order very soon, get the other 1.6 million euros outstanding and they will be back for repeat orders. Having another marble in our inventory is a nice bonus. That will be 9 we have available with 3 more in undeveloped quarries. It's a good step in the right direction with plenty more distribution deals possible. I doubt the Malasheva quarry has removed much commercial stone yet but over the last 2 years they have quarried 24,000 tonnes of marble and very little of this was sivec or white illyric so they can afford to throw everything at the white marble quarries to get hem up to speed.

Like everyone on here I have done as much research as I could before I bought shares here. Reading the usual rns's, and annual reports. I also checked Pisani's website to see they were selling all our marbles in their showrooms. I still can't see white illyric by the way unless they are selling it under a different name but all the others are there http://www.pisanigroup.com/ What really convinced me that fox marble can generate the revenues and profits they claim is by looking at our sivec competitor in Macendonia. http://mermeren.com/ They only quarry sivec but have 5 quarries which produce slightly different types. They are well ahead of us on set up and sales having been established for over 60 years but they are a listed company having shares on the Athens and Macedonia stock exchanges. The nice thing about this is they publish all their accounts and they are signed off by independent auditors. They are also very open on the equipment and setup for their factory as well as their operational updates. Its well worth skimming for a few minutes if you have any doubts of what is possible for turnover on one type of marble (fox has 8 and 3 more in quarries we haven't even developed yet which will make 11 types). In their investor relations they have their half year financial report for August 2015 and page 3 has their sales results. 7.5 million euro's for 6 months with a profit after cost of about 4.3 million euro's and this was a bad year. No Abu Dhabi mosque to clad! Well worth a browse if you have ten minutes to spare.

I'm not sure the delayed factory has had that much of an impact at this stage because we haven't had the range of marble commercially available to generate the sales. I think this year is entirely different as our entire portfolio of marble is on offer. As an example if you look at the fox marble website at the new bathroom they are tweeting. The marbles used are mainly sivec interspersed with breccia to make it more striking. Before this we didn't have the white marbles which I should imagine make up the bulk of most developments. If you were a buyer you really want to have access to all the marbles at once, not buying a bit from one supplier here and another bit from there. I would bet if we could see the sales order for Eboracum the bulk of the order would be for the white marbles. I'm still thinking the Chinese off take was delayed for the same reason, the quarries were not producing commercially across the whole range, even if they had ordered last year we couldn't have met the order. If they do order the bulk of the order will also likely be sivec and illyric White. Global stone usage is still gradually increasing, the world is still getting more populated and urbanised so I can't see selling marble as a macro problem. Fox marbles problems have very much been not accessing quarries fast enough and extracting the stone. I also expect that Eboracum RNS to come soon. I think there will also be a lot more off takes signed this year and we will be profitable, the way the UK is buying our processed marble could nearly see us break even on uk sales alone. No one likes to see a share price low but it's on tiny volumes and the fundamental business case in my view is very solid. Dibs has a point on past failures but 2016 is a very different stage of the business.

Come on Chris we want the marble song to be Kosovo's surprise Christmas no1!

If I was CG I would RNS any good news as well. If the 2 million is paid or even the deposit say so. It's all very well saying the 3.5 million order book is confirmed with fixed sales orders and invoices but he said that all last year and those firm orders were never filled. I think at this share price the market doesn't entirely believe these orders will be paid or finalised so no news will likely be taken as more bad news.

I like uncertain economic and political landscapes dibs. Means I ended up with 300 days of blues skies a year. All the best on your investments mate.

I don't really see your point dibs. People from poorer nations move to richer nations for work, it's happening all over the place. I moved to australia for more money and a better quality of life. So their population is shrinking, not surprising when wages are do low. As countries earnings in the eu become more level that will probably change but that may take years. Fox should solely he judged on revenues on profits which admittedly have been poor so far.

Fox Marble should receive their 600,000 euro deposit from Eboricum this week. I think the significance of the order has been lost a bit as the 2 million euro's being paid is for only 2000 tonnes of marble as it is processed and value added. If the Chinese offtake comes through they will be taking 10,000 tonnes per annum minimum but this only equates to 2.25-6.3 million euros of revenue depending which marble blocks they select. Just goes to show how much difference cutting and polishing those marble blocks makes to the bottom line and how significant the factory will be. It looks like the weather in Kosovo is pretty good now, there shouldn't be any problems accessing the quarries, and Fox Marble should be gearing up again so still think there will be plenty of news flow between now and end of March.

Just had a quick look at the research notes from last year from Allenby Capital and Beaufort as well to see what revenues they think are needed for profitability or break even. Break even looks like 5 million euros, and working on their profitability figures 10 million euros would give profits of about 3.5 - 4 million euros. I'm guessing not processing the marble ourselves may change that a bit but not that much. http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&cad=rja&uact=8&ved=0ahUKEwir2-rDkvbKAhWBopQKHZeHB3kQFggnMAI&url=http%3A%2F%2Fallenbycapital.com%2Fresearch%2Fresearch-fox_7_3690180908.pdf&usg=AFQjCNGjtJYf1HrzEJLwPyF-aU1mk-enOQ http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwir2-rDkvbKAhWBopQKHZeHB3kQFggbMAA&url=http%3A%2F%2Fwww.**********************%2Fimg%2Fpdfs%2Fpresentations%2Ffoxmarbleholdings050215.pdf&usg=AFQjCNGozgT66bSXWQCwx62wdRPFJMJ3Pw They also highlight how much a write off 2015 was in terms of where the company should be! What I want to see released in RNS's over the next 6 weeks are that this 600000 euro deposit was paid, the remaining 1.4 million was also paid in full and marble shipped. Also that all machinery has been delivered to our factory site as well and nothing is outstanding. Anything other RNS's covering further sales, distribution agreements, refinancing and Chinese offtake are a bonus. The others are a necessity to show the management team are delivering and no longer missing targets. The current share price is really on the back of very small volumes of sells, like others here I have been very patient I want to see the recovery.

I know CG said in one of his video's they had to dig another trench at their flora quarry I think in response to what they Chinese said they wanted so it is possible they didn't think we could meet their requirements yet and wanted us to gear up. I think you stirred my enthusiasm up again I just bought another 2k's worth at 12.7p. Get that average down a little bit more, but I mean it this time no more! Couple of weeks until they are back at their quarries and 3 weeks until Chinese new year ends so lets see what happens....

Oilychan, I didn't know lumpy was a city term. Now I know its used in the world of high finance I will use that myself :) The china thing could purely be fox marbles fault not having the full range of marble available last year. As you say if they do come back we have progressed quite a lot since their last visit. now they can actually pick their blocks as everything is quarried including sivec and white illyric. I'm tempted to buy some more myself but I'm probably overexposed!

No problem, I prefer the interviews to proactive. When I watched the other one and heard the girl describe a 25pc loan as "lumpy" I could of screamed at my laptop. Good porridge is lumpy, a 25pc loan is borderline extortion! I have been thinking about the share price a bit the last couple of weeks, it doesn't in any way whatseoever reflect a Chinese order coming through. If it does and the order was in the middle of the range at 4.5 million dollars then fox marble would be profitable this year even if they didn't sell anything except that and the other 3.5 million euros worth of firm orders. As that's a recurring annual minimum order I think the sp would beat their all time highs, because they would still only have covered the Uk and China. They still have huge potential to sell in so many other countires as well as increase sales in the UK and Europe quite drastically as well. And when you factor in an average margin of 70-75pc the prospective pe and dividend yields look crazy, it would have to rerate sharply higher. Of course if China doesn't come through and Fox have to renegotiate with different distributors then I guess there would be a bit of a fall but really I don't think that much from this level.. I have averaged down a but so near the 16p level now so still underwater but I'm lucky I don't need to sell anytime soon I can wait and see this play out. It's going to be a very interesting year I think.

similar to the proactive investor one last week https://www.youtube.com/watch?v=Jg-AX8rdKAQ A bit more on the china deal, if they come back. Also the UK deal. If the 30pc deposit, circa 600,000 euros is to be paid within the next 4 weeks and the remaining 1.4 million shortly after for the delivery to be completed q1 then there should be a fair bit of news flow the next couple of months.

It is looking good guys. Its nice to be going up for a change. Hopefully this one will buck the trend, I'm just trying to be patient at the moment and trade nothing. I think you're right ctw I will have to refresh my memory its been so long now since the first china rns!

Fair enough, I was just trying to be balanced. I personally think there will be a lot of newsflow over the next couple of months with distributor deals signed and more orders coming in as well as being paid for. But I don't think this China deal will come through. If it was going to happen they would have placed orders and paid for them already. Give it until March and then fox should give them an ultimatum, order or lose the sole distributor for China agreement.

Worth a read. Looks like they got on the phone to Chris Gilbert to ask a few questions. Raising equity will not happen with the sales coming through now, and that Fox will be profitable this year. Moving forward to 2017 they think a pe of 4 which I guess means a significant rerate of the shares considering the dividends that would be paid out. As a word of warning (and I do like *************) they have said the same thing the last 3 years!

http://www.proactiveinvestors.com/companies/stocktube/4572/fox-marble-chief-pleased-with-flying-start-to-the-year-4572.html Those builders hey Dibs? Always drinking tea and skiving! Fox are at the mercy of the people building the equipment for them so I can't disagree we will have to see what happens. But the building itself is complete and there's no reason they can't build up their supplies of marble there ready to hit the ground. See you guys when the next update hits.

As I thought the 2015 orders could not be honoured as we hadn't quarried the marble so 2015 was pretty much a write off. Horrific and quite honestly I feel mislead. 2 huge misses on revenue that year and I thought the loan notes were paid off as well and fox was essentially debt free. Apparently not! As I also brought up a few days ago offtake agreements and distributors for India still not in place. Looks like Fox have given up on their existing ones for the gulf region and North America, not surprising as we didn't hear a thing from them all year. North America is key for the cut and polished highly profitable cut marble and we didn't supply any, so work to be done there, hopefully having al the marble available now opens the doors and orders. Chinese agreement delayed. Considering it was signed in 2014 that is an understatement! Last we heard the Chinese were putting the blocks they had taken to their factories and were meant to be coming back for more orders. Hmm we will see. I'm not holding my breath until I see the moolah handed over. The shining light for me is the UK and to some extent Europe. It's on our doorstep and business gets done easily and we have this new 2 million euro agreement in place which fox need to go hammer and tongs at fulfilling this year. With Banyan, pisani and the new agreement with Eboracum Limited I can believe the 3.5million euro order book so far will be realised in full. Good work getting the new contract. OilyChan its hard to say as there have been one offs opening these new quarries, equipment for he factory and buying the rights to the adjacent sivec quarry in Macedonia. Fox have been burning between 2-2.5 million euros a year as they geared up but very little acfual overheads. My guess is this year the operational costs will be 3 -4 million, maybe at the higher end as we are having to transport the marbe to be processed in Italy and Macedonia until our factory can do it. That's why I think sales of 5-6 million will be needed for operational break even. Fox have burnt through just over 2 million in 6 months but I think that will reduce slightly. Wage costs for staff will go up but the costs are so minimal they will hardly make a difference. The board are also on low renumerations. Last point cash. 2.8 million in the bank. convertible Loan notes at ipo were up to 3.06 million pounds, I'm going to contact the company and get some clarification on what is happening there. I don't want to see any equity being raised, there's enough in the bank to last nearly 9 months with no revenues coming in. So fox have to hit the ground running when they can get back into the quarries and fulfil these orders. Bit annoyed still with some of this but very optimistic on the sales. 3.5 million ordered from UK/Europe our smallest geographical location for marble usage, the majority gets used abroad and fox still have to conquer that.

Banyan offtake is 500,000 euro's every 6 months, I'm typing too quickly :)