Member Info for Nitbhav06

I do like what Chris is doing with the balance sheet by clearing most of our debt. Unv, you made a very good point regarding cost savings. I think that will be of huge importance next year especially as we ramp up production amd sales. Cost control will be crucial as we have clawed back significant margins over the past year. Ctw, good points. The key is customer orders. We need to start seeing a big uplift in customer orders and FOX actually satisfying the orders! Not idiotic rns statements saying we have a customer order for €2m knowing that we can never satisfy it.

I think we should do predictions for 2019. I'm saying €5m. It's a very imformative board (fox). Regarding December rns I doubt it. We'll get full year results in Jan 19 so no point of rns unless we have seen serious upside in revenues or a new client/bigger orders. Fox looks in great shape now. Just need results next year, with profits and then re-rating.

Phili, what are you anticipating in terms of output for tiles (m2) and slabs/unprocessed (tonnes) for next year? (Assuming your numbers will include increase in capacity as a result of capex investments Chris has made).

Phili, €3m is not realistic imo. We took €600k in 2 months. If you extrapolate that across another 6 months, that takes us to €2.4m but I think in December we will see a shortfall in revenue. Hence why I'm going with €2.1-2.2m which isn't terrible by any stretch. I wouldn't get too carried away with next year as we are again dependent on weather in h1. Although we can still produce tiles and slabs during winter shutdown, which is fantastic news. €5m is around €417k per month which again is a realistic uplift vs our current €300k. I'm confident we will be at €5m with €2m profit which would give us a nice uplift in sp and entice more shareholders, given the superb margins. Let's wait to see what happens. I don't want any mention of the bl**dy word order book. It's a red herring.

I hope you're right. Don't know if anyone else is following Bushveld minerals as I was tempted to take a punt last week but topped up here instead. I agree if customer demand is there and we are satisfying it, we will be successful as our marble is comparable with the italians and that's the best in the world. I also think our break-even point will be reduced as everything will happen in our factory from henceforth. For example, no shipping to Italy for processing, no margins being given away to Gulf and our yields will be phenomenal now as we can use the slabs which are chipped or damaged a tad. I honestly think we will come back down to around 6-6.5p after Chris releases the 2018 results but after that, we'll be fine. The market will expect us to push over €2.5m especially at market cap is at £16m. However, if we hit €2.1m it's still a good uplift in revenue vs prior year and if we maintain that growth rate, we'll be in profit and cashflow positive. 3-4 years away from a terrific dividend imo. Even if we get a 1p divi at current sp, that gives us a whopping 13% return and I expect payout to increase slowly over the years. That doesn't even factor in appreciation in sp. I'm assuming a market cap of around £45m at that 13% dividend yield. If you look at Bushvelds half year income statement, they have a net profit % of around 50%. Ours will be at around 60-65%.

Unk, the numbers you quote would be bloody brilliant. Imo I just can't sew us doing more than €2.1m if I'm honest. That's still a considerable increase vs prior year though. Next year we should be the transfornational year, with all the capex spend, we should see the benefits accruing through the p&l.

Not really looking forward to full year results. This year if we post anything over €2.3m in revenues, it would be a miracle in my view. Next year should be a good year for us with new benches, hopefully another cnc machine and a polishing line. 50/50 split with slabs and tiles should take us to €5m with around €2m profit. PE ratio of 10 should take ua to around €25m market cap.

I've been buying over the past few weeks and it's a bit wierd because my buys aren't showing up.

Just have to be patient with Quiz. The foundations are in place. Just forget about it for the next 5 years. Once the brand hits scale internationally and website sales start growing exponentially, we'll see it at around £2.50 again. It's very undervalued at the moment. Great buying opportunity.

Thanks Esh, pictures look good. What are you anticipating for output in tonnes next year? I think I recall 20,000T but just wanted to clarify. Next year Fox should gain a lot more interest with institutional investors. Let's hope the winter is short and the order book gets filled this time. I'm predicting £5.5m in revenues next year.

I hope they've got enough blocks loaded up in the factory. I'd build another storage area to stock pile the different types of marble we have and process in factory whilst weather is cr*p.

I can't see it on instagram Unk. Real shame, maybe they've taken pictures off.

Unv, I hope so. All the foundations are in place. All we need to do is meet customer demands.

There might not be that many shares left to buy at this rate! There were some big buys last month as well.

Good article below. Reinforces demand for marble will propel over next few years. http://m.digitaljournal.com/pr/3933080

My only nervousness is that the owners own a significant chunk of the business as do institutional investors. Hence why I'm not invested anymore. However, the current SP is an absolute steal at these levels.

Decisions, decisions.......

NmS good point. I was watching a interview last year where he mentioned £4m but that's not true at we won't even turnover £4m this year. Chris should refrain from using the words order book. All we want to know is our revenue number. Still bullish but silly statements from our CEO doesn't help in any capacity.

I cannot believe this comoany is priced at c. 17-18x its net assets. Ridiculous valuation!

Thanks Unv, I still think you're estimate of €2.8m is way off but let's see :). Next year will be the transformational year imo. Revenues will be around €5-€6m but we should see a profit which is key.

Hamish needs to go RB. He hasn't got a clue what he's doing. Making silly investments with our cash. Get out of exploration companies and focus on the one's with good fundamentals.