Member Info for unvrkw

Going to be a good year for fox. If the Chinese are there and buying already that can only go one way as long as Chris manages them well but quality marble makes a huge difference. They will by more than we can believe, last year 14.000 tons quarried in principally the first full year of operations. Maybe we have underestimated the size, dynamic of the factory. Granted it's taken time but it will be huge and process thousands of tons. This will fly I have no doubt, sales looking forward but one eye looking at leases and more marble on the ground. The quality will bring the sales, the price will be premium and margin is down to fox but working in Kosovo will certainly help.

This will double in the next six months. If another announcement follows with china plus India, sales are assured its just a case of how much and whether block or polished

The Company has further identified a 300 hectare site close to the Company's existing licence resource in Malesheva that the Directors believe contains a large deposit of Bianco Illirico which may provide the Company with a second source of this sought after marble.  In order to continue to benefit from the significant interest in Bianco Illirico marble the Company has reserved the rights to this area by submitting applications for an exploration licence to the ICMM. As an existing licence holder in good standing the Company believes there will be no impediment to the grant of this licence.  The formal award of the licence is pending the appointment of the new ICMM board in Kosovo.

No sorry, it's the january update which has been publicised several times. The China deal is Very positive. Once they agree and have a taste for it they will buy huge amounts and then just buy the company, so much money They don't know what to do with it but chris will hang out for a huge sum.

There is a 7 min update from Chris also on twitter after the recent update, hasn't been put on here as yet.

Also I think there is a guy actually working on it!

When governments get involved it all helps. They like to put energy into initiatives that also result in good results for them. Well worth while and then links with china etc. Not sure at what point other businesses would be interested? Strange because there are no other big quarry businesses and they have also taken lease on the other land opposite which might contain huge amounts marble.

yes there are other costs. if you look at one of the opening statements it clearly shows the sale price and the margin amount gained. after that come all the other costs that arrive at the total loss.

upwards. interesting to see how this goes, expect a gradual climb now as people realise the profits will be realised just timing. did you see from the sold marble last year what the margin was. sold around 149,000 in euros, made around 65,000 euro on it. reads pretty good to me.

no great shakes but no great problem plus progress still ongoing with a lot more in house. same message but been delayed and other products are coming on line. bear in mind when the CD format is done and being sold there are others they then wish to progress.

Even on the €149,000 sold the made €65, 000 which isn't bad going based of average sale price, long way to go

progress is being made and this is now several months old. in profit, enough sales guaranteed and now all about how much and how fast. plenty of free cash so no more raising, good time to buy. I haven't bought more as reached my own limit but I think sound investment for next two to three years. I likes the touch about the BOD members having direction connections to businesses that also sold marble and in buidling

Agree with around 1.5 million in profit and no debt! GLA

One of the comments in the last few days expected 6 to 8 million of sales by year end, it sounded like info from the business and is of course higher than announced. It also talked of profit by year end that really ramps up in 2016. So not too much tomorrow in regards now but I agree that the picture painted the next few months could be interesting and is the slow start priced in. The fact we have broke even, repeat orders and growing sales in an area that has little competition and great margins?? Sounds ok to me. It's just taken a lot longer than firstly predicted and that's not unusual for AIm starts.

will we loose the 10%+ or gain more as the feedback is the results aren't great. interesting if fox try and add something positive.

Good stuff, small tick up?

It's all good stuff would expect some in this week irrespective of results. The idea of twenty million plus next year is good with nearly seven this year. The idea also irrespective of what's sold the amount left is huge. Still invested, going no where myself.

Granted the broker is linked with fox but this update is still certainly very positive. The message is it's all going in the right direction has just taken longer than planned. But also the market is positive and their material resource. I am invested but agree, low cost, lots of material and solid pricing and demand. Unless they build more factories or but more quarries this is simply now about reAlising the sales

I think he said that good weather will means it gets delayed no longer and finished in 10 days. granted huge delays overall and then the equipment in. it seems so strange the time taken but I cannot understand any reason why intentional delays would be made. I am happy about the sales, when we are at 5 million, are we not then gaining momentum and getting somewhere? break even soon, many quarries in place, all the kit is bought and therefore just time to forefil orders. happy to sit on this and see the sales increase, repeat orders is always a reflection of what you sell and this is already taking place.

I don't disagree with your point, I think also however the sales will certainly help cover the over heads which with start up is no.1 then the rest for profit. Depends in these circumstance how much the bod start to take from the business as their sp is not higher so will we see £200k plus salaries and expenses?