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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Marakand | MKD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.10 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.10 | 5.10 |
| Top Posts |
|---|
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 22/10/2007 21:52 by nobull 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). |
Posted at 22/10/2007 13:11 by 0238jr anyone know what will happen to spread bets on mkd? will they be transferred to oxs bets? |
Posted at 22/10/2007 13:09 by otd 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 .... |
Posted at 22/10/2007 08:33 by giant steps MKD 6 - 6.25p , OXS 51 - 52pConversion ratio .135 |
Posted at 22/10/2007 08:17 by nobull 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. |
Posted at 22/10/2007 08:03 by nobull 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? |
Posted at 12/10/2007 10:50 by pecker1 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. |
Posted at 27/4/2007 11:47 by otd I think the deal (selling the only concrete assat for a ´fair´ price (but nothing more)) ) is not that good, if you look at it seperately. At the moment there are no Uzbek projects, there is only hope. Future will tell if there is some sort of deal between OXS and MKD (MKD supports the Oxus/Zeromax deal and in return MKD is involved in future Uzbek-projects).I am looking at this rather positively, but from the sidelines. I sold all OXS and MKD-shares a few months ago (bad call as far as OXS concerned). I am waiting for a bit more clarity before jumping back in. Thanks for the info on William Charter... |
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/impossibi 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. |
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