RE: Could be something in this7 Oct 2016 16:00
Cheers for that link.
Looking at the buy/sell ratios today, the majority of buys would suggest that the market thinks this new venture is broadly positive for FOX. If it didn't involve FOX at all, then this would be bad news, but the majority stake is surely a positive.
In the interview, he suggest that Stone Alliance via the new Kosovan mines now have access to v large quantities of marble, and assuming that marble extraction/finishing is a profitable venture then this is a positive, whether in competition with FOX or not. The extra supply may drop the price but won;t the extra volume dwarf that in terms of the bottom line?
Also does this deal not rubber stamp FOX in terms of their reputation, where some seem to be suggesting that FOX is just all smoke and mirrors? Surely that's not an issue now.
CG also seems to suggest that the FOX assets are more expensive marble types and therefore serve a slightly different market. I don't know, i'm no expert..
As has been discussed, the source of funding is a key issue. We also we need to see some product being sold by FOX alongside more talk of even more jam tomo ventures.