Chris Gilbert, CEO of Fox Marble, updates viewers about the breakthrough $1.8 million a year deal in India that is expected to boost cash flow. Gilbert talks to Tip TV Presenter Matt Brown.
Gilbert says the arrangement with Mahadev (processor in India) is cash flow positive as Fox Marble would receive advance payments for the Marble shipments.
Key points
To ship the blocked marble to India
To focus on expanding base in India, China and North America
The company enjoys natural hedge from exchange rate risks as it reports numbers in Euro terms and has cash/revenue inflow in US dollars and British Pounds
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