Have been in this since shortly after its IPO. Really liked the management behind this although was at first sceptical about investing in Kosovo. Looks like the company is sticking to a tight timetable and has opened it first quarry last week. I went to the Shares evening last night and the CEO let slip that the second quarry is also now open . I also found out last night that their broker, Daniel Fox- Davis has £500,000 of his own money invested.

Chris Gilbert, Chief Executive Officer
Substantial business development experience in media and technology sector
Most recently backed by Cargill to complete buy and build in music industry and subsequently sold to Kohlberg Kravis Roberts


Andrew Allner, Non-Executive Chairman
Chairman of Marshalls plc, a hard landscape products business
NED of CSR plc, Go-Ahead Group plc, Northgate plc and AZ Electronic Materials SA
Former partner at Price Waterhouse

Roy Harrison OBE Non-Executive Director
Former CEO of Tarmac plc prior to sale to Anglo American
Chairman of Renew Holdings plc
Former senior independent director of BSS Group Plc

Sir Colin Terry KBE CB DL, Non-Executive Director
Chairman of Meggit plc
Former Air Marshal of RAF
Fellow of Imperial College & Royal Academy of Engineering
Chartered Engineer

Summary of company

In situ ~ €16 billion of marble resource (CPR: Golder Associates 2012)
Full mining licences granted in October 2011
Quarrying operations to commence following IPO
Marble market shows long term positive growth trends and stable pricing
First international company in Kosovo marble sector
Low cost manufacturing base
Extensive quarrying and marble experience
Experience of working and operating in Kosovo
Significant “plc” experience at Board level
Marble blocks expected to quarried from Q4 2012
Processing plant anticipated to be completed by Q2 2013 with slab sales anticipated Q4 2013
Progressive dividend policy following repayment of any capitalised interest
Establish Kosovo as a major marble industry centre
Expand portfolio of quarries and production capacity
Exploit growing demand for marble in BRIC economies

IC tip of the week