Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It does of course make complete sense if you are a group of NW construction companies wanting to have a company to aggregate your purchases so as to get buying power to use a former bar manager as the sole shareholder and CEO who is being chased by the liquidator of a former company of his over 50k of missing investment money and 50k of cash that went missing in Paris and several other debts amounting to several hundred k. The fact that the director has a string of failed and struck off companies will no doubt only heighten how seriously this company will be taken. The further fact that they have failed to complete their order in time is of no relevance as it's all been pushed into H1 2017.
the order book has shrunk a company representing about 40 percent of the order book hasn't filed with companies house chris said afaik orders haven't been converted to sales because the buyers didn't want the marble not because of inability to supply i am not invested. you can hardly expected any sensible person to be imho. i have seen many people lose hundreds of thousands of pounds, and i have too on occasions. care and due diligence is very much warranted here.
In September " -- The 2016 order book currently stands at EUR4.1 million, EUR0.5 million lower than previously announced on 29 June " So it was 4.6M then 4.1M Now "Fox Marble anticipates revenues from its quarried block marble and finished marble sales for the 12 months to 31 December 2016 to be in the region of EUR0.7m, (2015 full year revenues EUR0.2m), of which GBP0.6m is derived from converted order book sales....The Company's order book for 2017 currently stands at EUR2.9m" Now including sales and including 2017 it's 3.6M And " Commenting on the Company's progress, CEO Chris Gilbert, said: "While we've seen our sales and order book grow" No Chris, it's now grown it's shrunk. How they can get away with this truly escapes me.
AFAIK Fox have admitted that it's not the factory holding them back but lack of sales. Eboracum and Banyan both file soon and if they clearly aren't trading well there is a possibility that most of Fox's order book evaporates, unless of course there are a few million of new sales yet to be announced. But If Chris announces a new EU Million order with a new company set up just a few days prior, as he did with Banyan and Eboracum, then I guess many investors will press the non-execs to look into these orders.
Fair enpugh and I'd agree with you there.
ctw2014: I'm a conspiracy theorist ....err.... desperate for a cheaper entry point....err I think that's not what conspiracy theorists do. They do things like find out that customers ordering millions worth of marble have no assets, have no office, have a nominee nameless director in the West Indies, are run by a Bar manager, copy other people's websites without their permission or are late filing statutory documents with companies house etc etc.
I found this and wrote to Winnifrith who in return implied i was a conspiricist in a post of his. despite the fact that Banyan filing shows no assets either.... so much for the Sherrif of Aim IMHO. Meanwhile google eboracum marble companies house and you get EBORACUM MARBLE LTD Company number 09837366 Company Overview for EBORACUM MARBLE LTD (09837366) Confirmation statement overdue First statement date 21 October 2016 due by 4 November 2016 they''ll get a stroke off notice within two weeks I think if they don't file their annual return.
Thanks for that. Basically Fox is happy to RNS EUR 1M + orders from start ups then when they fail to deliver "there are various reasons why the delays have occurred all of which have not been a result of by Fox Marble being unable to extract and supply the material" simply go quiet. The next question perhaps will Chris ever learn? Should be not RNS that their order book is failing?
IMHO What a luvvie interview! All the early investors have lost half their money, FOX repeatedly RNS then fail to deliver what they say in the RNS, orders disappear quietly or are pushed to the next year, then the next, and these are mysterious million-Euro-plus orders coming in from start-ups with no cash and this is the best you can do???
Anyone care to enter into a bet that Banyan and Eboracum won't complete their orders in full as per the RNSes plus say 12 months leeway on the timescales given?
I think that article lost Tom, to whom I wrote (I guess I'm the conspiricist), a lot of credibility.
Don't listen to me then. I don't much care if someone is told something and they then decide to ignore. It is your money and not mine. I found it fun to investigate this - find the ripped off website, the company from whom they ripped it off, look up Jigsaw leisure and look in Banyan. I'm not short. Personally I'm not confident on any views on a BB. You know how to read up on Jigsaw leisure, and you can contact companies house in Gibraltar or for 40 quid get the Banyan balance sheet. It's entirely up to you. Zhong is harder to track down. Please share if you find anything there!
It looks to me like most of their order book is through Banyan in Gibraltar, a company set up a few days before the order they made to Fox with no website no email address no offices and no money according to their filing at 31 December 2015, and Eboracum Marble a company set up a few days before they made their order with Fox with no website after it was taken down presumably as I pointed out that is was a copy of another company's, run by a director who still hasn't accounted by 100k of money went missing from his last venture (Jigsaw Leisure) that was forced in administration and who refuses to answer the liquidator's questions. Of course I guess we all are hoping that Eboracum and Banyan's orders fade into the background and are replaced by new orders: anyone remember Zhong from China?
Banyan: Massive order, company set up a few days before order made, about 100k in sales so far almost 2 years later, balance sheet in Gibraltar shows zero assets, director is a nominee in the West Indies, no office, no website, no email address Eboracum: Massive order, company set up a few days before order made, about 300k in sales so far, behind target, no office, seemingly ripped-off website, no email address, director not answering questions about 100k missing from last venture (see liquidators report into Jigsaw Leisure available from companies house), or indeed any questions Zhong Shengdestone: Massive order, no website, very few sales Why on earth should a small undefined order renew any confidence in Fox?
Google amg marble and granite and come to your own conclusions over whether eboracum have copied someone else's....
There's quite a bit on ADVFN. Banyan (remember their order and deposit in 2014) have so far only taken delivery of 100k worth of marble and their 1.5m order should have completed by now (3 tranches of 500k). And they were set up just a few days before making the massive order, as were Eboracum, and their balance sheet shows 0 assets as of December 2015. At least their director isn't a former bar manager but, err, a nameless nominee company in the West Indies. "Both" Scott Oldfields are Bar Managers born on the same day to the same mum (see the and census data showed only one Scott born on that day in October 1976. It is of course possible that they are different but surely any investor would possibly think not based on filings for Cornerstone Leisure and EDM entertainment