Blue marble ++26 Jan 2019 21:48
It's a premium marble so I think it would have been a good price.
The margins are so high coming from Kosovo that this really is good business and we assumed just over €300k per month to get towards the minimum €2.4 million expected.
There moving on now, I expect 2019 to more than breakeven, they make good money if the Chinese deal, Italian deal, Indian deal etc are all happening. They need around €3.4 million max to breakeven, they might spend at least €500k less on equipment this year, less on interest payments.
I think theyll break even, next year they'll pay the loan notes off and divi payments max three years. They only need one Dubai order for €10 million and they are away.
In good order here, far more control of future and their getting used to quarrying marble