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Highest Ask price for FOX MARBLE ever and we've only just begun. I just hope the truck driver knows which Fox Marble is which when picking up at Carara.
Could get confusing at Carrara. Two 'Fox Marbles' operating there. Our fox Marble - ' has acquired the rights to a yard in Carrara where it can store processed slabs and blocks.' and from the other Fox Marble regarding a quarry there- 'Fox Marble has had a relationship with this quarry for over 20 years.' I wonder If our FM will have to change their name?
http://www.fox-marble.com Is this ours? Hope so because it looks good :)
From The Guardian. Fox Marble, which owns quarries in Kosovo and south east Europe, lost 4% to 18p despite in-line results showing a net loss of €2.57m, down from €7.44m. The company has moved into production and won its first sales, and is currently building a processing plant in Kosovo. Its range of marble blocks and slabs sell for around €200 a tonne for the lower grade to €1,300 for premium Sivec marble. Chief executive Christopher Gilbert said its existing quarries had enough marble to last for 3,000 years, and now production had started it would concentrate on growing sales and boosting its distribution. It plans to brand its products as Etruscan marble, and is gaining customers in the UK, US and China in the high-end construction market. With extraction costs fairly low, the company reckons its gross margin is between 60% and 75%. Broker Fox-Davies - no connection - believes earnings could reach €3.4m next year.
Here's the link for the preliminary results... http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11905518
RNS Number : 2942D Fox Marble Holdings PLC 27 March 2014  AIM: FOX 27 March 2014 Fox Marble Holdings plc ("Fox Marble" or the "Company") Preliminary Results for the year ended 31 December 2013 Introduction Fox Marble Holdings plc, the marble company focused on the extraction and processing of dimensional stone from quarries in Kosovo and South East Europe, is pleased to announce the preliminary results for the year ended 31 December 2013. Fox Marble also announces today in a separate announcement the commencement of constructing its processing factory in Lipjan, Kosovo. Established in 2011, Fox Marble has acquired rights over 300 million cubic metres of a range of premium quality marble. Fox Marble is the first UK quoted company investing and operating primarily in Kosovo, and the first to be producing and marketing high quality marble from the region. Fox Marble's long term aim is to expand its portfolio of quarries and production capacity, and to create a premium marble brand through which Kosovo is established as a major centre of marble production. Operational Highlights · Commenced operations at four quarries, with over 2000 tonnes of marble extracted to date; · Entered into an offtake agreement with Pisani Plc, and launched the Company's product to the UK market in November 2013; · Achieved first sales and continue to build an order book for the coming year with opportunities in the USA, China, Greece and the Middle East; and · Since the year end, the Company purchased a factory building and commenced work erecting it on site in Lipjan, near Pristina. Financial Summary · Operating loss for the year to 31 December 2013 of €2.17m (2012: €1.23m), net loss of €2.57m (2012: €7.44m) due to costs incurred in bringing the quarries up to full production. · Net cash position at 31 December 2013 of €5.26m (2012: €7.14m). Andrew Allner, Non-executive Chairman, said "The Company has made good progress in developing its operations, and, importantly, has achieved its first sales. There is considerable worldwide interest in our marble, and our order book is building. I believe 2014 will be a critical year and I look forward to updating shareholders as we progress." For further information please visit www.foxmarble.net. Enquiries: Fox Marble Holdings plc Christopher Gilbert, Chief Executive Officer Fiona Hadfield, Chief Financial Officer Tel: +44 (0) 20 7380 0999 Fox Davies Capital Limited (Nomad and Broker) Simon Leathers Daniel Fox-Davies Tel: +44 (0) 20 3463 5000 Yellow Jersey PR Dominic Baretto Kelsey Traynor Tel: +44 (0) 77 6853 7739 Tel: +44 (0) 77 9900 3220 Chairman's statement Dear Shareholder, I am pleased to report that your Company has made good progress over the last year. We now have commended operations at four quarries.
Company Fox Marble Holdings PLC TIDM FOX Headline Construction of processing factory commences Released 07:00 27-Mar-2014 Number 2980D07 RNS Number : 2980D Fox Marble Holdings PLC 27 March 2014  AIM: FOX 27 March 2014 Fox Marble Holdings plc ("Fox Marble" or the "Company") Construction of processing factory commences Fox Marble, the AIM quoted Company focused on marble quarrying extraction and production in Kosovo and the Balkans region, is pleased to announce the acquisition of a double skinned steel factory which is now being erected at the Company's factory site in Kosovo. Today also marks the Company's final results announcement for the period ended 31 December 2013. It was announced in the first half of the year that the Company had started to prepare the 10 hectare site in Lipjan, just outside of Pristina in Kosovo on which to build a processing factory. The Company has purchased a double skinned steel factory building from a site in Greece, which has been shipped to Kosovo to be erected and construction should be completed by the end of Q2 of this financial year. The construction includes the laying of the concrete floor on which the specialist marble processing equipment will be sited. With respect to this, Fox Marble has started to acquire the necessary equipment needed to process the marble, including three Barsanti gang saws. During the construction period and until the processing factory is operational, the Company will maintain and extend the third party production facilities it has secured in Carrara, Italy in order to fulfill orders of cut and polished marble slabs. Commenting on today's update, Chris Gilbert, Chief Executive of Fox Marble, said: "It has always been the intention of the Company to build a processing site and bring this part of the process in-house. We are pleased to be reporting the progress we have made and most importantly, we acquired this factory at a significant discount to market value and well within our budget set aside for this development. We look forward to updating shareholders with the progress of the site." For more information on Fox Marble please visit www.foxmarble.net or contact: Fox Marble Holdings plc Chris Gilbert, Chief Executive Officer Tel: +44 (0) 20 7380 0999 Fiona Hadfield, Chief Financial Officer Fox Davies Capital Limited (Nominated Adviser and Joint Broker) Simon Leathers/ Jonathan Evans Tel: +44 (0) 20 3463 5000 Yellow Jersey PR Dominic Barretto/ Kelsey Traynor Tel: +44 (0) 77 9900 3220 Notes to Editors Fox Marble Holdings Plc is an AIM quoted natural stone extraction Company operating in Kosovo and the Balkans region, with headquarters in the United Kingdom. The Company has been granted mining licenses in relation to six
Why are you guys not tipping a raft of bombed out mining stocks? Well we are not sure that things have bottomed out quite yet. There is no rush to fill the gold portfolio on our Nifty Fifty site ( although – amazingly) we are only 1% down over a year on gold stocks. Fox Marble (FOX) is classified as a mining stock on AIM but I’d view it as a building materials sector play. It produces marble – the price of which is far more predictable than, say, gold. It is not a cash cow yet but it will be pretty soon. It is run by a sensible and successful businessman Chris Gilbert who is modestly paid but has a big equity stake and the 2015 yield could well be close to 100%. I am not joking. The stock is a buy at an offer price of 17.5p with a two year target price of 60p. Operations Fox was established to buy and get into production a series of marble mines in Kosovo. Aha you say, is that not a lawless place run by the KLA who used to be big players in heroin trafficking and where folks get ethnically cleansed? All in all the sort of place you send the mother in law on holiday. Yes it is that Kosovo. But it seems that life in the, now largely Serb free, region is quite peaceful these days. There was an incident a while back where a local official demanded a bribe from Fox, did not get it and so seized its mines. Within two months the mines were back with Fox and that official is now in prison. So Kosovo is not Finland but as places in the Balkans go it is relatively kosher. It also has an educated population too many of whom have no jobs and so the Western backed Government is very keen on Fox creating jobs. The company has six mines of which four are now operational. A processing plant for the Marble (to cut it into blocks or slices, polish it etc.) will be fully operational by the end of Q1 2014. The Marble market There is no spot market in marble. The success or failure of Fox will be down to its ability to negotiate long terms offtake agreements for its product. A number of such deals are already in place and more get signed all the time. The main customers are in Italy, China, the Lebanon and the UK. Marble prices generally trend upwards on a slow but steady slope. However in a housing boom there can be rather larger upswings. But the tightness of supply stops the price falling when housing activity slows. Cash This is all about cash. Right now Fox has about 6 million Euro left in the bank and that will easily be enough to see it through to next June when it should turn cashflow positive. Thereafter with a relatively high margin on marble sales the bottom line escalation will be rapid. I would expect Fox to be roughly cash breakeven to a small positive position in 2014. But by 2015 it will have enough capacity to deliver sales of c30 million Euro which would equate to a post tax profit of roughly 20 million Euro (£16.7 million) which will be pure cash. Quarrying is not capital intensive like gold
Fox Marble (FOX) has updated that “production levels are being achieved in line with expectations”, that it is“seeing repeat orders from early customers” and that “successful entry into the key USA market is gaining traction”but that its planned processing plant on its factory site “is likely now to be delayed, on current estimates by up to six months” (completion previously planned by April). The company notes that the site “is now ready for the commencement of construction of the planned processing plant” and that, with “substantial economic third party finishing capacity in Italy”, the delay enables it to mirror the now growing order book volume (€500,000, of which some €100,000 has now been invoiced) more closely with the costs of completing the factory. To get hold of a free copy of Tom Winnifrith’s Amazon £10.25 listed book published last month “The 49 Golden Rules for making money from shares” click HERE House broker to the company, Fox-Davies, has updated that in Italy “product is being cut and polished in Carrara. This is seen as a low risk option since Carrara comes with an excellent reputation and Fox Marble only has to pay for the work performed. Until critical numbers of slabs are required, this is certainly more economic than operating their own factory in the short term despite adding time to the sales chain”. This is currently the case as Fox-Davies notes that “sales are a couple of months behind schedule”, though adding that “we anticipate that once the product launch in the USA occurs, early in the new year, there will be a significant boost to sales”. At 1st December, cash reserves were €5.7million – with Fox-Davies noting that this provides “ample money to complete the building of the factory and develop new quarries”. The shares are down to 19.5p-20.5p on the back of the operational update but such slight delays are not really material to the longer-term investment case I set out last month (see HERE) – the earnings projected should still be delivered, though perhaps a few months later than hoped. Although the shares remain ahead of the 17.5p offer price at which I then added them to the Penny Share portfolio on my Nifty Fifty website, I remain of the view than buying in the low 20p’s will yield attractive long-term rewards.
and then.. http://www.shareprophets.advfn.com/views/3083/fox-marble-trading-statement-up-on-my-tip-but-still-a-buy So I'm definitely happy about this maturing in a couple of years.
http://www.shareprophets.advfn.com/views/2567/buy-fox-marble-at-175p-target-60p
Bought 8000. Seems like a good buy and hopefully the results will put and keep this over 20p over the coming months as the sales improve,weather improves and the factory gets built.
This seems to be a predictable share looking at the 5 year chart. Get divis too. Nice buys today. Anyone got an opinion on this quiet one?
It's what you've been waiting for! http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10886227
topped up at .288 - will be worth it in the long run.
It showed as a sell because you got them at below the 'shareprice'
someone sold at .24 when the bid is .30....plonker
Don't think it'll be 1p today.....give it time and it will.
0.42 0.49
I Bought in at it's last peak at .50. and thought I'd made a mistake, but Inow think this has got the potential to reach 1p by the time the next assay comes.