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MKD Marakand

5.10
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marakand LSE:MKD London Ordinary Share GB0033883835 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.10 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.10 GBX

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Marakand Minerals (MKD) Discussions and Chat

Marakand Minerals Forums and Chat

Date Time Title Posts
20/12/200720:58Why MKD is a multibagger!!!2,682
12/5/200608:20Marakand Minerals : Survey 2006 re Conversion MKD to OXS2
21/1/200600:43MARAKAND MINERALS (MKD): Charts and Discussion107
18/1/200512:43MARAKAND will MAKE US RICH10
15/1/200518:44Marakand Minerals, the beginning!155

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Marakand Minerals (MKD) Top Chat Posts

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Posted at 20/12/2007 20:58 by giant steps
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.
Posted at 23/11/2007 20:15 by nobull
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.
Posted at 26/4/2007 22:09 by otd
True, there is a chance that everything will be OK in the future, but the keyword here is ´chance´. Why would selling these properties to KazakhGold improve the chances of being involved with Zeromax? Do you think that this chance increased due to this deal? Why? In my view it makes no sense for Zeromax to give a share to MKD. If they want to give a share to a foreign investor why not directly to OXS? This would give Zeromax a larger indirect interest. OXS is also a much better choice, since they have the cash (and the ability to raise cash) to pay for the share and for further development.

If you look at this deal seperately I can´t really see why it is a good deal. Probably the price is fair, but why would MKD sell its only concrete asset for a fair price? It only makes sense to sell such an asset if the buyer is willing to pay a high price. In other cases it would make more sense for MKD to continue developing the properties.

I can see how Oxus, the biggest shareholder, profits from this deal as it is part of a larger deal between Oxus and KazakhGold. However, how the other MKD-shareholders profit from selling these properties for a ´fair´ price is unclear to me.
Posted at 21/12/2006 00:23 by eriktherock
Frank (and for the benefit of anyone else), Thanks. If I may suggest that The MKD share price will be bought upto the requisite level. Within days or weeks. We'll see.
Posted at 20/12/2006 21:27 by nobull
Erik (and for the benefit of anyone else), my best guess is that any decent Board would want to give the Marakand minority a fair deal without annoying OXS shareholders through overpaying for the MKD minority. Offering the 3 for 1 deal at this time would involve overpaying, so there won't be one perhaps for quite a while. At some point news (good drilling reports in Turkey perhaps, or it might be something else) should lift the MKD price nearer to make a 3 for 1 offer or better possible? The advantage of a share swap is that even MKD holders who paid more than the OXS consideration offered could be induced to swap? (They wouldn't be crystalising a loss as in a cash offer, but would be getting the OXS upside instead?) When any such opportunity will arise, I don't know.

The uncertainty of the timescales involved seem logically to justify MKD trading at a large discount to any theoretical 3 for 1 offer? It is understandable that prospective investors who don't trust the Oxus Board might not want to touch MKD shares with a barge pole because of the technical risk that Oxus could put the Receivers in and leave the MKD minority owning nothing? That also means the shares have to trade at a further discount? I DO TRUST the Oxus Board. I questioned them, and their answers seemed robust. So I am not worried anymore about my MKD.

(I have not added anymore because I am crackers about another zinc project that I may be out of circle of competence on (investing in Iran: alarm bells, in a tiny company with no revenue streams: more alarm bells, with a Board of Foreign (Australian = Foreign for me) Directors: more alarm bells, whom I can never meet, with capital requirements that can't be satisfied both because of the quantity involved ($1.6bn) and because of no Western bank with the wherewithall wishing to displease the U.S. Govt.) and if that isn't bad enough there is the difficulty/impossibility of insuring any such project at the present time. How any such company, and with a project ownership dispute with its Iranian partner to boot, and that has had all its agreements cancelled can ever produce zinc, I don't know; but I have invested in it. I probably should have bought more MKD instead?)

I don't believe the conversation I overheard (about the MKD holders not receiving any offer worse than the convertees have already received) was price sensitive because NO TIMESCALES were mentioned. It could be a long wait. Usual caveats apply? DYOR? etc. Hope this helps. All the best.
Posted at 02/11/2006 16:29 by cezary
I see the mkd share price is not tracking oxs share price anymore. now 5 to 1, not 3 to 1!!
Posted at 14/8/2006 10:20 by giant steps
Prices bid 11p offer 12.5p, volume @ 10:15 NIL

Buyers can enter at 11.6p



OXS share price has made a good recovery to 39-40.5p,
may influence MKD share price on a 3 for 1 basis
Posted at 28/7/2006 15:45 by giant steps
Cezary
- buying at 12.25p is equiv to 36.75p in Oxus money, a good comfort margin

I'm sure Oxus are now asking the market to SQUEEZE the small holders !!

They (OXS) now want MKD share price as small as possible.
Posted at 27/7/2006 09:46 by cezary
Definitely not for the weak hearted here.
Still bargain of the century, when Oxus sort themselves out.
As the OXS share price rises which it will, it will drag the MKD share price up.
Posted at 12/5/2006 12:43 by giant steps
dixi - the muddle is to disguise and confuse !

Perhaps the Khandiza deal will be announced, OXS offer goes 1:1
and shares re-rate accordingly, just to get MKD share price moving !

( always in OXS interest to find a way to unlock value,
their doing it but very few can see )
Marakand Minerals share price data is direct from the London Stock Exchange

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