Member Info for eshaitan

Fair enough. The big question is whether they will hit their reduced sales target for 2015, at 1.4million euros. In some ways fox marble has made big progress in 2015 by getting onto all quarries sites now and getting their stocks up, and nearly finishing their factory! But a big disappointment compared to 2014 where in just 3 months we had 2 offtake agreements worth 1.3million euros a year and a sales agreement to China worth between 2.5m and 5million a year, only to find in the first 6 months of 2015 we sold only 110,000 euros worth! It was pretty pointless having the off take/sales agency agreements if they couldn't provide commercially all the marbles they needed to honour them and realise their value. What I want to see in this update is that they are catching up with these orders and getting the cash in. The sivec quarries only opened in September and the White Illyric in November and these are meant to be put 2 most desirable marbles, so did they get enough out before the snow hit? I'm not that worried about us not processing our own stone yet and using our distributors to process it instead. Its a slight cost and hassle with transportation but at least they have a back up in place. It will come good this summer, I'm sure of that. I have seen some people complain in the past that the factory just equals more cost and mouths to feed but wages are so low in Kosovo and not having to transport stones to Italy and Macedonia for processing means it should definitely be more profitable and gives us more control as well. As the year progresses I want to see this Chinese agreement finalised with them taking this 10,000 tons of stone they promised (now we can provide it). Also our offtake agreement worth 500,000 euros every month with Banyan expires this summer, I would like to see that renewed. Distributors are an issue as well. I think Pisani have been fantastic selling stone for us in North America (2014) and to Berkeley homes (2 orders). MGI in Italy are pulling their weight by exceeding their minimum off take each month. Royal Stone in America though, what have they been doing the whole of 2015? Likewise Gulf Marble (our middle eastern distributors) what have they been doing if the middle east is such a dynamic market? We made a small sale to Egypt, it may have been them, but if they can't get the customers keep the sivec quarry relationship with them and find another distributor. Finally the whole of 2015 fox have been saying India is going to be an important market but as far as I can see we have no distributor in place to sell there, its a blind spot for the company. Broker forecasts this year are cashflow positive which means fox needs sales of 5- 6 million euros If thy only sell block, but they are sure to sell more finished marble as well so that figure should be lower. I'm expecting them to exceed that I want my maiden dividend in 2017!

Totally agree. If an investor wants excitement and wild ramping rns's fox marble is probably not going to do it for them! Last year was quite good for sales news, hopefully this Jan will be as well. At the very least we should get the company's pre close statement soon.

fingers crossed for 2016

from the fox marble website http://www.foxmarble.net/blog/2015/12/13/interview-with-fox-marble-ceo-chris-gilbert-on-share-radio Listened to the shareprophets one as well from the gold and bears show. It was interesting to hear the delay caused by the fire being six months with full ramp up mid next year from the factory. The radio one adds a bit more information at the end saying all water and electric connections are done it literally is just installing the machinery. The Chinese offtake doesn't depend on us being able to process the marble, I would expect something to come from that soon if they are only interested in the block marble and sivec and white illyric is being quarried. I have been to one of Chris Gilbert's presentations before and he comes across very well, very steady. This is my largest investment, over 50k now but nearly 20pc down, but feeling very confident on this one. Other than a black swan event I think the sales will come through this year as planned.

I moved over here a while ago and decided to buy in today. I set up a share dealing service on my superannuation/pension and put it all into bhp shares. Now to tuck them away and build the dividends. This will pass, 60pc of all power on the planet is still produced by coal. Oil has to go up eventually and a lot of marginal iron ore produvers and going to either go to the wall or put everything onto care and maintenance. I kow I haven't got in at the bottom but its close enough for me.

Mr Gilbert that every marble is now being quarried and the sales will now accelerate in 2016. Bought another 40000 shares odd, seems I showed as a sell. Gets my average to just below 17p. Not expecting much news before January, but I did have a look on the fox marble website over the weekend to see what's new. I'n very impressed with the marble they installed in the London apartments, the pictures really do it justice. I'm juts hoping these white marbles they are bringing online are in as much demand as they say. If they are this will rocket.

if they are operational gearing kicks in very quickly as overheads are so low and the board are running a tight ship with money. This has gone down on very small volumes, we know the business case is there, if sales come in it changes in a flash.

I will have to apologise to the guy that said this will go to 13p! Can see where people are coming from saying sales are the only thing they want to hear about. If Fox are now quarrying their 2 best marbles in sufficient quantity and quality then this is the crunch time. No more excuses or delays the orders should start to flow now.

Hard to say really. It looks like the 3.4 billion pounds the joint venture is being asked to set aside is the Brazilian government going in at a high opening price. A compromise is likely to be reached. The loss of life is appaling but hopefully no long term damage to the ecosystem if the residue is non toxic. Its a marginal asset anyway that only contributes 3pc of turnover. BHP should just say they won't reopen it and walk away I think, that might set a few alarm bells going.

I can't believe how it has crashed and burned, I'm so glad I sold out, but I was expecting to get back in when mining was ready to start. Some big questions to be answered here. What the heck happened to the financing? A nomad doesn't resign without a good reason, they would normally give a month's notice.

Totally agree it should sell. It seems an age since our last decent order to Berkeley homes, the problem has definitely been the delay in extracting our 2 best marbles, the Sivec and white Illyric from the quarries, I would think the Chinese offtake has been delayed because of that as well. The 13p talk is cobblers, it's like a broken record. That would put the mcap sub 20 million, you would think the exclusive licences over the quarries and the monopoly on sivec would be worth a fair chunk of that. Sales are everything though and they are a bit light at the moment. We know they are throwing a lot of manpower at the quarries to catch up and that so e of the factory will be operational this year. The question is whether the sales will be confirmed this year or slip into next. We aren't far away from the seasonal shut down now.

Very good news. At least they can start moving forwards. Well done chaps

Each to their own level of risk Spreadbet :)

I have a UK trading account which I sold all of my holding, just over 21k in sterling. And I invested in Fox marble which is producing and is further along than PRG as it is quarrying and building sales. Maybe 6-12 months further down the pipeline and very low capex. I also have an international trading account in oz which I couldn't access online for some reason with NAB. The time zones meant I can only trade in UK time but their helpline is Australian hours! Bit stupid. That's on my do list today. You're right it would be illogical, I try to be a bit more hard headed than that. The thing is I still like diamond prices, I believe paragon will find their large stones, but I don't like uncertainty when I have a fair bit invested. I may be wrong and kicking myself if the funding is very good news over the next week in which case fair play to the people that held. But if this crashes its a loss I cannot accept, when the warnings were there.

A bit of an off topic quindell, I actually find your points interesting. People in the city talk, one of my friends back in London works in mergers and acquisitions and I have heard confidential stuff off him before as they have to do a due diligence on companies within days. Usually its when he's had a few beers though :) If the word in the city is they are struggling as tipstv said then its quite possible they are. I reduced my holding based on this today, too risky for me and there are safer shares with good balance sheets that I think are undervalued. If funding comes good and I have made a mistake so be it I can buy back in but only when they are mining! Setup delays are far too common. As an aside I'm surprised you keep saying you made a profit from Quindell shares making Tom Winnifrith a fool! I think you would be a very small minority that did make a profit. Most investors in the UK took a bath on that one. You were lucky that Slater and Gordon grossly overpaid for an asset, the smart money was Quindell was going bust. Its balance sheet was at zero as far as I remember, similar to paragon now! I have moved to Australia now and Slater and Gordon features quite regularly in the papers here. Believe me investors aren't happy they bought Quindell legal division they have been absolutely hammered as well and the talk is of class actions against S&G. Shares fell when they bought Quindell, they fell when the SFO got involved and they fell again when Quindell's fraudulent accounts had to be restated for all those years . As far as I can see pretty much everything TW wrote about the frauds at Quindell was true. The bit he got wrong was the takeover at the end for 1/2 billion odd from S&G, and unfortunately it means ordinary investors over in Oz that paid the price for that and got screwedl. I like to see people make money with shares, but I think you dodged a bullet on that Quindell trade! I propbably wouldn't use Quindell as my username :) Good luck with your investments though, like you I will be keeping a close eye on this one.

At this price. Got about 21k's worth at 17.1-17.2p. That's my last share buy of anything this year, now i'm crossing everything they pull the sales off like I think they will

I like reading share prophets, if TW has two sources saying there's s placing it's going to happen, the questions Are how much and at what price? Its always a bit annoying to be in profit after holding for Several months just to realise you didn't need to sit on that and could have waited for the last minute to buy. Like many I thought the momentum was going to keep building but this acquisition ground it to a halt. It still makes complete sense to do with economies of scale and a more developed mine. It also makes sense to get the best deal possible for funding. I just hope we get this funding sorted ASAP with whatever issue of equity we need to do and just crack on. We seem to have been 4-6 months from mining for ages!

Our marble goes on show at the trade fair from tomorrow, hopefully our sivec and white illyric marbles will grab their attention and get some orders. If our capacity to supply marble hasn't been restrained by having it processed elsewhere then we should be feeling pretty confident about the next couple of months. We have the Chinese order to come, increased sales teams trying to push our product and this trade fair could be a very good thing for us. 17p seems to be about our bottom on very disappointing sales so far in h1. This could rebound quite sharply when we start to get orders. Come October I will be buying some more, I still really like the business model despite the delays.

Having read through it properly it does. Regarding the comment about cash in hand its probably fair to say they have about 200k left if expenses stay the same over the last 3 months. At least they have been busy ordering parts in the supply chain that could slow down the production. Everything hinges on the funding over the next week or so. Whoever we sign with will be commiting enough to fund all capex for stage 1 and 2 hopefully. Don't forget PM is factoring in a large margin to cover costs while we are setting up and also operating. He doesn't want to be in a position where he is rushed to see stones, the whole idea is to get the best possible price. It isn't in his interest to dilute when his vehicle holds so much of the company, so I would expect the funding to be on pretty good terms. Our chairman isn't in the business of losing money he has a good record. Don't forget his whole family are in business he has the contacts to pull this off.

If needed an entension until the 7th October. Hopefully being concluded shortly and stage 2 funding as well.