Fox Marble (FOX) has announced an offtake agreement for €1.5 million of block marble in three six month tranches and which will see it receive an immediate €250,000.
Fox Marble (FOX) has announced an offtake agreement for €1.5 million of block marble in three six month tranches and which will see it receive an immediate €250,000.
On Monday 29th September the first ShareProphets evening seminar was held. 4 talks, free pizza and booze. A great time was had by all. To ensure that you get priority booking for future seminars (the next one is 13 October) register HERE. The first talker was Chris Gilbert of Fox Marble (FOX) who spoke well and made a good case. I rate the shares as a buy.
I am a fan of Fox Marble (FOX) – t has had mishaps but the underlying investment case is still there. This is stock where if Chris Gilbert and his team deliver, as I believe they will, it could easily treble from 19p. In this light I bring you today’s note from house broker Fox Davies.
Kosovo and Balkans region-focused marble company, Fox Marble (FOX) has updated investors attending its AGM that it continues to believe that “2014 will be a pivotal year in establishing Fox Marble in the market”, though “as a result of the unexpected weather conditions and one quarry site being extended to acquire the premium quality resource, production has been set back and thus booked revenues will be more strongly second half weighted”.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Christopher Gilbert of Fox Marble (FOX)
Fox Marble (FOX) has updated that “production levels are being achieved in line with expectations”, that it is“seeing repeat orders from early customers” and that “successful entry into the key USA market is gaining traction”but that its planned processing plant on its factory site “is likely now to be delayed, on current estimates by up to six months” (completion previously planned by April).
Why are you guys not tipping a raft of bombed out mining stocks? Well we are not sure that things have bottomed out quite yet. There is no rush to fill the gold portfolio on our Nifty Fifty site (although – amazingly) we are only 1% down over a year on gold stocks. Fox Marble (FOX) is classified as a mining stock on AIM but I’d view it as a building materials sector play.
Fox Marble (FOX) has released its half yearly result for the six month period to 30th June 2013. The company reported a loss of Euro1.066M for the period. With the shares at 15p, house broker Fox Davies has published a post numbers note.
Fox Marble has signed an offtake agreement to supply cut and polished to marble to Pisani Plc one of the leading wholesale suppliers of marble in the UK. According to a note published by research analyst Mark Heyhoe of Fox Davies this is “great news” for the AIM listed Kosovan marble quarry firm.
