Share Name Share Symbol Market Type Share ISIN Share Description
Marakand Minerals LSE:MKD London Ordinary Share GB0033883835 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.10p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 5.15

Marakand Minerals Share Discussion Threads

Showing 2951 to 2971 of 2975 messages
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DateSubjectAuthorDiscuss
20/12/2007
20:58
Marakand Minerals Limited 20 December 2007 MARAKAND MINERALS LIMITED For IMMEDIATE release - 20 December 2007 Offer from Oxus Gold plc LONDON: 20 December 2007 - Marakand Minerals Limited ('Marakand' or the 'Company') (MKD.L) is pleased to report that Oxus Gold plc ('Oxus') has completed the acquisition of the remaining ordinary shares of Marakand. Prior to this Oxus owned 84.04% of the issued shares of Marakand and its acquisition of the remaining shares on the basis of 0.135 new Oxus share for each Marakand share will result in a total of 2,221,621 new ordinary Oxus shares of 1p each ('New Shares') being issued to Marakand shareholders. Oxus will issue New Shares directly to those Marakand shareholders who completed and returned their acceptance form and transfer documents (or CREST transfer instruction as the case may be) by 10 December 2007 as requested in the acceptance notice sent to all Marakand shareholders. Oxus will issue New Shares to Marakand on trust for those Marakand shareholders who have not returned their acceptance forms and/or transfer documents (or CREST transfer instructions as the case may be). These shareholders should contact Capita Registrars, as registrars for Marakand, to establish what action they need to take to claim their New Shares. Application has been made for the New Shares to be admitted to trading on the AIM Market of the London Stock Exchange plc and dealings in the New Shares are expected to commence on 21 December 2007. The New Shares will rank pari passu with existing ordinary shares. Following the allotment of the New Shares, Marakand will be wholly-owned by Oxus and Oxus's issued share capital will be 367,654,127 ordinary shares of 1p each.
giant steps
20/12/2007
20:58
Marakand Minerals Limited 13 November 2007 Marakand Minerals Limited Resolutions approved at EGM London: Monday 12 November 2007 - Marakand Minerals Limited ('Marakand' or the 'Company') announces that, at the Extraordinary General Meeting held in London today, all of the resolutions were duly passed, accordingly the Offer Period is now over. As described in the circular to shareholders of the Company dated 22 October 2007, the Directors of Marakand understand that Oxus Gold plc will send an acquisition notice to shareholders on or around 19 November 2007. The date for return of acceptance notices by shareholders will be on or around 10 December 2007.
giant steps
23/11/2007
20:15
Acceptance of the "offer" (the rip-off) must be wihtin 21 days from the date of the acquisition notice (it is dated 19th November 2007) (so the completion date is 10th December?). Failure to send in your MKD certs. with a stock transfer form made in favour of Oxus, means the MKD board has the right to accept the offer on your behalf, i.e. they have the right to act as your agent. (= they just strike you off the MKD share register?. Yes, it may be possible to sell on Monday in the mkt and buy some OXS on better terms? Or was today the last day of MKD's listing? I have some in certificated form and some in a nominee name. I may not even bother sending any in: saves the postage! Edit. "Oxus will within 14 days of the completion date (i.e. before 24th December) pay to MKD the consideration". MKD then pays out the consideration to the MKD holders on presentation of a signed acceptance form. Sounds like if we do as instructed we get the Oxus shares at the latest on 24th December. If we don't, MKD keeps the consideration on our behalf until we comply.
nobull
22/11/2007
23:44
with a 13 : 1 offer and a current share ratio of 7 : 1 why not sell now? Just a question I am currently asking myself. Anyone know when the conversion date is?
hutchoman
28/10/2007
18:48
Well , glad I sold between 18 and 21p. Not much going for poor Marakand. Was it always simply a manipulation instrument of Oxus.?
hectorp
22/10/2007
20:52
0238jr: I have no idea how spreadbetting firms work. However, it can't be beyond the wit of them to multiply the Oxs price by 0.135 to get close to calculating a price to close out an MKD spread bet surely? Or are the staff the same people who accept horse race bets? I agree OTD that we were not treated as an independent company after the 3 for 1 deal. Unlike the previous deal we are not even being offered any upside like they were after they converted. (They were offered a bonus if Khandiza got the licence). We have been screwed (similar situation at CER with Eureka).
nobull
22/10/2007
12:11
anyone know what will happen to spread bets on mkd? will they be transferred to oxs bets?
0238jr
22/10/2007
12:09
What I learned: Sell as soon as management, institutional investors and selected pi´s get a 3:1 deal. It was not only political risk (even when this was the most important reason). MKD has been used by OXS as change for other deals and the interests of pi´s were ignored when selling the last properties (Turkey) that MKD owned. It looks as if MKD ceased to be an independent company after the 3:1 deal. All IMHO ....
otd
22/10/2007
07:40
Sad indeed but a salutary lesson in the pitfalls of investing in countries which are riddled with corruption and do not have a proper legal framework. Belatedly, OXS now has the kind of local partners it should have brought in at the start. This whole saga has taught me to take political risk seriously. I'm far more cautious now and no longer invest new funds in dodgy countres no matter how superficially attractive the story.
pecker1
22/10/2007
07:33
MKD 6 - 6.25p , OXS 51 - 52p Conversion ratio .135
giant steps
22/10/2007
07:17
One wonders if the MKD minority are being used as a bargaining chip to ensure success of other Oxus projects in Uz, until they explain why they are not going to arbitration.
nobull
22/10/2007
07:06
Exactly, what happened to international arbitration. Very sad conclusion. Prices bid 6p offer 6.25p
giant steps
22/10/2007
07:03
So much for a 3 for 1 offer: more like 8 mkd for 1 oxs (and even that is minus the KZG element). A horrible end. And why aren't Oxus taking them to arbitration? "The Company and its Uzbek subsidiary no longer have any cash resources or any ability to pursue its interests in the Khandiza project." Why is that the case?
nobull
18/10/2007
12:54
I continue to hold too, been in since floatation and added along the way, although I did sell some at 50 odd p if I remember correctly. Had things gone to plan I'd have had a tidy sum now. My shares are stuck in a drawer somewhere gathering dust until the grand finale or last rites, whichever comes first!
hutchoman
12/10/2007
10:16
Thanks all. Continuing to hold (72k).
nobull
12/10/2007
09:53
Another thought is that OXS is bidding for stock to tie up a loose end. ie they will try and buy as much as possible in the mkt. and then bid for the balance. But....it's anyone's guess really.
langland
12/10/2007
09:50
nobull, Khandiza was effectively and arbitarily expropriated by the Uzbeks and OXS couldn't make a fuss for obvious reasons. However such action is not without costs to the Uzbeks. There is always a slim possibility that the Uzbeks will realise their behaviour sends out all the wrong signals to foreign investors and so might give MKD a slice, albeit smaller, of the action.
pecker1
12/10/2007
09:48
Looks like game playing, prices bid 5.5p offer 6.25p
giant steps
12/10/2007
09:43
I can't see any justification for the share price rise, but then there wasn't much for the fall either (other than to reflect another year's running costs that have no offsetting revenue). All very odd. MM's playing games?
nobull
10/10/2007
15:34
Thanks GS. Alors quel horreur! C'est vraiment inquietant.
nobull
09/9/2007
18:21
Giant You still here watching L2? Aren't there more pressing issues about?
phillis
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