But hasn’t marble quarrier in Kosovo and the Balkans Fox Marble (FOX) been a long-term disappointer now? Well yes… but we suggest recently announced depressed half-year numbers but recovery signs could mean a material and rapid recovery from a now depressed £6.5 million market cap...
Updating on Fox Marble (FOX) earlier this month, we noted we retain the patience for at least continuing to hold with the shares at 2.30p with the potential arbitration and it mitigating a forced quarry operations suspension with increased focus on the sales of processed material from the factory and “further contracts for third party processing are expected to be signed in the near future”. Further updates have now helped the shares to a current 2.90p…
Fox Marble (FOX) “is pleased to announce that as a result of rising client demand the company's factory at Lipjan in Kosovo has moved to two daily production shifts”…
Updating on Fox Marble (FOX) last month we noted enforceability of acquisition agreements challenged – though it believing the claims to be wholly unfounded. It now re-emphasises this “based on legal advice”, though “has suspended operations in its Malesheva quarry in Kosovo pending a resolution to the dispute”…
Fox Marble (FOX) “is pleased to announce it has entered into a new sales agreement with a customer based in China”…
Previously writing on Fox Marble (FOX), earlier this month we noted operational momentum with its biggest single order for Alexandrian White marble. Now the company “is pleased to announce the largest single order of its highly prized Illirico Selene marble from the Maleshevë quarry in Kosovo”…
