Member Info for Spec

Posted this up on Tators earlier. Worth a read if you haven't seen it. It's what I'm saying, sooner or later it has to written off. https://www.project-syndicate.org/commentary/greece-japan-debt-relief-by-adair-turner-2016-06

GBP pulling back some losses

RBS was up at 225 today, set a short at 222. FTSE up around 6050 atm. Gold rising and GBP pulling back, Yen and $ showing weakness. Depends where GBP and FTSE close tonight which will determine banks opening Monday imo. Brexit campaigning restarts tomorrow which will determine Monday's sentiment. For me still time to short banks before vote. Brexit was into 2.74 (yesterday's price) from 2.88 intraday last time I looked. Personally, I won't be trading banks at Thursday's close. Already booked Friday off and will be up all night with a position on the FTSE, GBP and watching my long gold like a hawk.

http://www.share prophets.com/views/21506/xtract-resources-jan-tries-to-do-the-right-thing-and-messes-up-share-should-be-suspended JN strikes me as someone who gets over excited at times. I still like the bloke from what I've seen but easy to see why some investors would be put off. I reckon he is a trier and not out to screw anyone impho!

Thx m8, I was thinking something like that. So the seller got 8p and we don't know what spreadex paid? Still some holdings need to be declared yet, Shirley!

Should ne notifying the market about these trades.

That transaction is showing up as a sell @ 8p on 8th June, 375k worth. How did they get mates rates? Can't find a matching buy anywhere.

Seems a bit wrong by TW. 24 mill shares in Fox is 14.x%. No fund held that many so suggest the fund and the recent placing shares are being flipped. Though heopefully sellers have cleared but I suspect there are a few more in the background.

Wow! Could be the placing shares+. Awaiting tr1's. Out for now but looking to buy back in after brexit vote.

I don't believe they stop doing business during Ramadam???

That could well be a harsh conclusion. CG &EA may not of been buying but they haven't been selling either. And who knows how much money they have put into this. Other directors have been putting there hand in there pocket. I await to see the updated.

I understand the scepticism here, plant has been a long time coming. When it comes it is a game changer for Fox. Correct me if I'm wrong but if they haven't taken part in placings then they are diluted along with other shareholders. If they did take part then they're putting more of their own capital in. Sales in the US should increase when the plant is up and running and the finished product will be cheaper, no point wallowing in the past.

Talk about skin in the game http://www.foxmarble.net/share-information/

Placing, note US. 'Subject to negotiations, the net proceeds of the Placing will be applied to repay the outstanding convertible loan of £1.1 million with Amati Global that was entered into at the Company's IPO in August 2012. In addition, some of the proceeds will be used to procure additional equipment for the Company's processing facility in Kosovo, which is nearing completion. Finally, the Company is also looking to establish a joint venture in North America, which should further increase its penetration into the world's largest consumer of polished marble.'

Near term, bit of cash generation 'Fox Marble anticipates that its order book will now grow at an increasing rate as existing and new distribution channels are developed further, such as the recent distribution agreement with Eboracum Limited. This will be aided by the fact the Company has a sizeable and varied inventory of unique marble for potential customers to review, a requisite for most buyers. 'Key objectives for Fox Marble in 2016 will be to complete the factory in Kosovo and to begin selling in-house processed materials. This long-awaited factory will significantly reduce the cost of producing cut and polished marble by minimising the transportation requirement, and this in turn will provide access to new sales channels to local Balkan markets for finished stone, as well as allowing the company to make more efficient use of all of its production.'

'The Company is further pleased to confirm broader work at the factory site in Lipjan, Kosovo, is progressing well and as previously announced, commissioning and opening of the factory is anticipated by the middle of the year. Both internal and external gantry cranes have been delivered to the site, with the five tonne internal gantry crane now fully installed and tested. The thirty-five tonne external gantry crane is expected to be installed shortly. '

'Finally, Antolini Luigi & C. Spa ("Antolini"), one of the largest block buyers based in Verona, Italy, has visited the Company's Sivec quarry in Macedonia and purchased two Sivec blocks to be used in an initial trial at their processing facilities in Verona. Subsequently, the company has confirmed it will be returning to the Fox Marble quarry to purchase further material in the near term. The Company looks forward to updating the market with progress achieved in this respect. '

Not a problem for me at all. Some backward thinking here. Looking at the near, med and long term. More orders are coming in, a recent RNS allocating more money for sales, plant commissioning, trading up a local workforce. Everything falling into place here. Gonna b a lot easier to sell our massive marble resource when we mine & polish it ourselves. The unpolished marble Is mainly marketed in China. The polished marble has a local market, a Europe, US and worldwide market. The cost savings in polishing our own marble will be huge opposed to shipping it to Italy and paying an Italian workforce to do the job. Once that plant is up and running I think the orders will start to flow in. Only caveat is the global economy, may not breakout in a recession.

Going on here with all the large similar sized buys?

Looks to me that there will be an acquisition paid for by a placing with additional working capital raised. Looking for cash generation to see em through the hard times. They have to something or they're going out of business.