Member Info for paulwi

So we now hold the LMO which is another tick in the box, the other permits I believe are now routine. It is frankly now a waiting game - we need the price of oil to turn. Currently we are valued at less than our investment into Red Leaf and zero value placed on any of the permits we hold. With this is mind does anyone recall how much cash the company is holding and the burn rate? We have two main risks now, 1. we run out of cash and/or 2. the Oil Price does not rebound. I think the permitting risk is now our lowest risk. We need the Americans to get the oil price up ;-) Previously the company talked about a buy out of the company around 10 to 15p. Based on todays SP that would be amazing. Currently I would be happy if we achieve 2p.

Lets just be clear....in the last returns we had net cash of 2.5 Million. Salaries for 2013 were 536,000...... Plus another 100,000 spent on travel and Entertainment(Flights from London to Prishtina), Consultancy and legal fees are interesting amounts. And the huge sum of 68,000 on marketing! (Page 35 of the Annual Report).

This is a good read from 2012....Google Translate will do a good enough job for you: http://www.telegrafi.com/ekonomi/lajme-ekonomi/fox-marble-e-gatshme-te-hape-minierat-ne-kosove.html I was researching the major shareholders this afternoon and some seem to be quite heavy weight.....but the article above quotes 736 meetings to attract investors. And the "Dragon" he quotes doesnt appear on the 3%+ shareholder list.

I was an investor in this share and got and quickly as I wanted to use the money elsewhere. Something has been niggling me with this company, aside from the story of passing a mine to a friend, where it was easier to also pass the company over rather create a newco (please give me a break), but okay explanation just accepted. But you have to really consider that the BoD is based in London, even the token Kosovo guy is also in London (wouldn't he be better on the ground in country) and the day to day running of the company is left to an Italian Team. So why then is the BoD being paid so much money for a company that has pitiful sales.....and as far as we know a pitiful order book. Just check the data for yourselves...............Not a good precedent.

Do we have timings for Red Leaf?? Once this gets underway (as TOM is an investor) we should start to see some traction.

The recent share price fall in my opinion is just market sentiment. Nothing fundamentally ( to my knowledge) has changed. Permits are in, more money raised and now we are just waiting.

This was forseen, if you look at their cash holdings and the cash burn per annum and slow permits they were going to need cash. What is positive is that the shareholders subscribed and advisors took fees in shares too - so they are committed. Bit of a pain for us shareholders, Im holding an an average of 1.6p....so this was painful. Anyways, shares are for the long term....their timing thou was perfect as downward pressure had been seen in the last few days...so the news leaked. I put the decline to selling and shareholders switching to UKOG!

Bear in mind the results are at the end of June 2014, so I would say they are as expected. The Share Tipping press have built this share up recently so today is just a correction. All shares are for the long term, so day traders and the like need to sit this one out. What is key now is Sales and the company seem to have a plan for this and if the sales come thru the stock is on a very low rating. The lease question does need addressing - but there are heavy weight investors in this stock - I believe they would have done a lot of due diligence before investing (but then...who knows). I'm expecting steady progress with this one. I am in Kosovo in the next two weeks so will try to visit the factory site and actually see what stage it is at.

The stock is now at the lowest for a while. I bought in at the heady highs of 1.6p. The stock is now safer than it was when I bought in, which was pre water permit submission etc. So it is now a matter of time....the price has just drifted on lack on news, progress etc. I was actually thinking of topping up now to average out my earlier buy. Some significant strong news will see the SP going back up thru 1.6 imho. We need to keep an eye on Red Leaf to see how they progress as in theory we should follow their path. Shares are for the long term :-)

If you Google this guy you will find this: http://directors.findthebest.co.uk/l/5691981/Mr-Christopher-Richard-Lascelles and you will see that he is Company Officer of Dark Star Technologies Limited. Dark Star was sold by Chris Gilbert in 2010. If the link above is correct then this guy was appointed in 2014. All seems a little cozy to me.

unvrkw & Windy340.. Yes I think you are right. The plant in Prishtina will be located by the airport and will allow for the processing of the marble into manageable sizes and then I guess depending on the buyer shipped by road or air. This will then just leave the larger and significantly heavier marble to go by road. I was trying to get a feel for how the market is valuing the share at the moment - the company has a marcap of 30 Million. I assume this to an extent is based on the value of the marble in the ground and also the fact that the licenses to operate and extract are in place. Has anyone tried to run any numbers on this?

I think until this so called litigation against Red Leaf is cleared we wont see much upside. The group that have opened the litigation seem to spend most of their time opening cases against different companies looking to exploit the region. A common thread in their communication is that Solar is better than Oil. This said I would be surprised if this delayed the water permits for TOM...either a state body has a process and procedure to follow or not and some environmentally friendly group with money to spend on opening cases shouldn't put them off. In some ways a failed litigation against Red Leaf will mean a precedent is set and reduce the chances of this group then chasing after TOM. Lets Hope.

Got into this share today. I am based in a neighboring country to Kosovo and remember a Kosovo banker friend of mine telling me about this Marble company many years ago and the potential. We shouldn't under estimate the country risk on this one, its not unusual for Governments in this part of the world to remove licenses or tax authorities to cause problems. This said Kosovo is full of natural resources which have not been commercially/professionally exploited to date and the reserves talked about are huge. I'm curious about one thing and that is how will the marble be shipped,,.Kosovo is landlocked and the choice of ports it has I assume will be Greece and possibly Albania and that brings in Customs - another state body that can cause issues.