Keyword results: Kosovo

FOX
FOX
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Fox Marble – interims and arbitration update, risk/reward buy?

Fox Marble (FOX) has announced half-year results and on its United Nations Commission on International Trade (UNCITRAL) arbitration proceedings against the Republic of Kosovo that it is “pleased to receive Mr Wordsworth QC’s opinion in support of our case”.

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AAU
AAU
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Ariana – More Drilling Results, This Time From Arzu Central: BUY, I will almost certainly be doing so

Drat and double drat. There I was yesterday thinking that shares in AIM-listed Gold (and Silver) producer in Turkey Ariana Resources (AAU) were incredibly cheap at 4.4p and contemplating another purchase – but then other things got in the way and I didn’t add to my over-sized holding. And so today we got another round of drilling results, this time from Arzu Central,  and the stock is up 6% to 4.65p. Somebody obviously likes the news…..

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AAU
AAU
PREMIUM CONTENT

Ariana – Special Dividend Announced (hooray!) Where now for the shares?

AIM-listed Gold producer in Turkey, Ariana (AAU), has done very well over the past couple of years and shareholders now find themselves on the cusp of a decent payday. The long-awaited Special Dividend has been announced – in three tranches – for a total of 0.7p per share (as long-predicted on these pages), with the first payment of 0.35p per share due during Q3 and the balance during the coming year. Hooray and double hooray: it has taken some time, but CEO Kerim Sener has delivered. So where now for the shares?

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AAU
AAU

Ariana – Eastern Europe News: BUY

AIM-listed Gold producer in Turkey Ariana Resources (AAU) has updated the market on plans in Eastern Europe this morning. The company is to take a 75% in Western Tethyan Resources, and has committed to spending at least EUR 100,000 on exploration during the rest of 2021.

FOX
FOX

Fox Marble – further new local order, remains a Buy

Fox Marble (FOX) has announced a new order “to deliver cut and finished paving tiles for installation in the first stage of the redevelopment of the town square in Kamenica, eastern Kosovo” and that it looks forward to updating the market as it continues to win more new business this year. So what’s the detail and outlook her

FOX
FOX

Fox Marble appoints QC and hires Kroll on legal claim - BUY to possibly double

Remember that Fox Marble (FOX) is now fully funded to pursue a legal claim against the Republic of Kosovo for – under a previous regime – allowing one of its mines to be half inched. Legal giants Dentons were already on board now it has hired top barrister Simon Nesbitt QC from the Maitland Chambers to argue its case.

FOX
FOX
PREMIUM CONTENT

Fox Marble – operating update sees “green shoots of recovery”...

Fox Marble (FOX) has announced an operating update on a tough 2020 but that it is starting to see some green shoots of recovery. The buy case is intact…

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FOX
FOX
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Fox Marble – a recovery buy?

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…

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FOX
FOX
PREMIUM CONTENT

Fox Marble – “Strategy Update” sees some more confidence return

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…

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FOX
FOX

Fox Marble – half-year results, positive about the outlook - BUY

Fox Marble (FOX) has announced results for the first half of 2018 and that “the board is positive about the outlook for the company for the remainder of this year and into 2019”

FOX
FOX

Fox Marble – 2017 sales lower than hoped, but now looking forward to “significant growth” - BUY

Kosovo and the Balkans region marble quarrier Fox Marble (FOX) has announced 2017 results, including that “sales have been lower than expected” but that it “has made important progress over the year… Our factory in Kosovo is now fully operational, we have entered into a number of promising sales agreements, and we are beginning to see momentum building in the demand for our marble”

FOX
FOX

Fox Marble: weak interims more than discounted - BUY

Marble quarrier in Kosovo and the Balkans region, Fox Marble (FOX) has announced results for the first half of 2017, including “we have reduced the estimate of the amount of our order book we expect to realise in 2017”, but that “the board is positive about the outlook for the company for the remainder of this year and into 2018”. it is a mixed bag from a company that has missed targets far too often. So I can understand why some investors are saying that enough is enough and why the shares have slipped to 6.75p-7.5p.  But 

FOX
FOX

Fox Marble warns again but we really do think this is the nadir

Another day, another disappointing update from Balkans region quarrier Fox Marble (FOX) – with “the conversion of orders into delivered sales has taken longer than anticipated… leaving our estimated sales number for full year 2016 lower than expected”. We’ve now spoken to CEO Chris Gilbert.

FOX
FOX

New Fox Marble JV - still a buy

Kosovo and the Balkans region-focused marble company, Fox Marble (FOX) has announced participation in a “landmark venture formed with the Kosovo Government” aiming at “a world class new stone industry for Kosovo” and “a much wider marketing, sales and distribution platform” for Fox…

FOX
FOX

Fox Marble Results - no shock we knew they would be poor: the shares remain a buy

Having previously warned, calendar year 2015 results from Fox Marble (FOX) are unsurprisingly “disappointing”, though the Kosovo and Macedonia quarrier emphasises that it is now“seeing the results of our efforts in establishing our product in key marketplaces throughout the world and the benefit or having our marble actually installed in developments”.

FOX
FOX

Fox Marble placing - we take part: the shares are a buy

Kosovo and Macedonia quarrier Fox Marble (FOX) has announced financing developments – including a conditional £2 million gross placing at 10p per share and we took part in a small way. The funding is:

FOX
FOX

Fox Marble: More Good News - Buy

Shares in marble quarry company Fox Marble (FOX) are continuing something of a recovery having fallen towards 10p early this month, with some further momentum now being provided by an update including that commissioning and opening of the company’s factory in Kosovo “is anticipated by the middle of the year”.

Tom

Work Related Trips I’d like to do: Kosovo, Spain – any other ideas?

It I all very well sitting in my garage in Bristol or in the Greek Hovel writing about companies but it would be fascinating to actually go visit a few of them on the ground with a video camera in hand to report from the coalface. Right now that is not an option for personal reasons you know too well but next year I’ll need to clear my head and already two road trips are sort of planned.

FOX
FOX

Tom Winnifrith’s tenth and final share tip of the year 2015 – Buy Fox Marble at 18.25p

This is the closest I am going to get to tipping a mining stock in a hurry – Fox Marble (FOX) might own mines but it is essentially a building materials stock. This should be a boring and dull business. To date it as not been.

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