Marakand Minerals Share Discussion Threads

[phillis] 17/5/2006 17:56

GS
I think my strategy has been the winning one so far wouldn't you say

The tax rumour would be a bummer for MKD if true, n'est-ce pas?

[greg the grinch] 17/5/2006 09:51

S
mkd were not promised 100%
The deal was a one off charge or a %.
Therefore you are a negative spin merchant imho.
:o)
good luck
I will hold for two years if thats how long it takes.

[giant steps] 16/5/2006 19:44

Shorttrader - "In my opinion Marakand is a dog", LOL !

Your points have been noted. You will need extreme care if you're short MKD/OXS !

[shorttrader] 16/5/2006 19:07

dixi - if you were an institution who had 10% of MKD it would be much easier to dispose of your shareholding, and realise the cash, if your shares were converted to OXS.

Some institutions actually acquired shares in MKD after the listing.

[dixi] 16/5/2006 18:19

Shorttrader - institutions decide they don't want MKD - which they received as a dividend anyway. So now they want out and take Oxus shares instead. Surely they are still invested in the same mess they want out of?

I cannot disprove your information, which in all likelyhood could be correct. But I am beging to think the silence from OXS speaks volumes. Either it is all rumour that they simply refuse to comment on or they are fighting a losing battle with nothing tangible to report to investors yet until unsavoury news is finally confirmed by other parties involved.

Of course things could be going fine and OXS/MKD will report in due course as the need arises.

Until then investor nerves will continue to affect the price of both companies.

[eriktherock] 16/5/2006 18:06

Shorttrader, Thanks for reply. Info. appreciated.

[cezary] 16/5/2006 18:03

shortrader......ask yourself...who likes the US foreign policy, except Blair.
the answer is no-one.

I see having made a mess of the middle-east, they are now turning their attention to Latin America.

US foreign policy...its a mess...brought about to bring chaos in the world.

[dixi] 16/5/2006 17:39

Mischief!!??

[eriktherock] 16/5/2006 17:36

shorttrader, Do you hold MKD or OXS? What's your interest?

[giant steps] 16/5/2006 16:40

Closing prices MKD 21.5-22.5p, OXS 67-68p

Oxus share price spooked in last 30 minutes of trade, may be margin calls.

[cezary] 16/5/2006 15:56

If the russkies can work with the uzbeks then why not newmont.
theres more to this story

[giant steps] 16/5/2006 15:09

Interesting angle short-trader!

if you can bring MKD price down that's fine by me, cheaper additions

[shorttrader] 16/5/2006 14:59

Today I heard that Newmont Mining are pulling out of Uzbekistan and selling their share in the Zeravshan-Newmont Joint Venture to a Russian company.

Apparently Newmont are effected by the new tax increases passed in Uzbekistan and have decided it is impossible to work in the country that continually changes it terms of doing business.

We await an official new release - but this doesn't look good for either Marakand or Oxus.

[giant steps] 16/5/2006 13:55

Prices

MKD 21.5p-23.0p, volume 66K / 6 trades
OXS 72.0p-72.5p, volume 838K / 93 trades


Notice MKD trade 20K @ 21p, in OXS money 63p, now that's crazy imo !

[otd] 16/5/2006 11:27

look for ´marakand kores´ using google and you will find 2 times markand on a kores website. It looks like some sort of database and not too important. Who speaks korean on this board?

kores.net/mining/OrgInfoView.jsp?idx=383&page=7
kores.net/mining/OrgInfoList.jsp?V4=0&SM=ASC&K4=ORG_TYPE&SK=ORG_NAME&page=10

[giant steps] 16/5/2006 10:19

Cezary - i see some folk selling at 23p (69p in Oxus money), worth watching
the arbitrage window seeing as OXS will offer all of us 3 for 1 deal.

[polaris] 16/5/2006 10:17

you want to see what they just did to AVM! spiked it down to 155-160...-20% on the day. That will have hurt someone on margin no doubt!

[giant steps] 16/5/2006 10:15

Cezary - does look like some indiscriminate low volume selling across the board

Mining sector carnage 5 to 15%

MKD 23-23.5p, OXS 72-73p

[cezary] 16/5/2006 09:50

I wonder how many stop losses were hit over last few days

[giant steps] 15/5/2006 19:09

Closing prices, 3 for 1 ratio intact after mining sector carnage 5-10%

MKD 24-24.5p, OXS 74-74.5p

[nobull] 14/5/2006 22:15

A report from www.uzreport.com

Oxus increases holding in Marakand to 85.78%
12.05.2006 18:05:28
Oxus Gold plc has acquired an additional 2,906,407 ordinary shares of Marakand Minerals Limited, mainly from individual shareholders.

The company said following the acquisition, Oxus has increased its shareholding from 83,753,577 to 86,659,984 ordinary shares representing an increase from 82.91% to 85.78% of the ordinary issued share capital of Marakand.

As consideration for the purchase of the shares, application has been made to the London Stock Exchange for 968,800 new Oxus shares to be admitted to the AIM Market.

Dealings are expected to commence in the new ordinary shares at 17 May 2006. The new ordinary shares will rank pari passu with the existing shares of the company. Following the allotment the total issued share capital of the Company will be 298,107,972 ordinary shares.

The Oxus group was established in 1996 and listed on the Alternative Investment Market (AIM) in London in 2001. Oxus' Amantaytau gold mine in Uzbekistan was built in a record ten months. Having poured first gold in December 2003, the oxides operation is currently ramping up to full production of 190,000 oz/pa at a cash cost of US$106/oz.

The company has also started a feasibility study for the Amantaytau sulphide mining project which has a current resource of 7.15Mt at an average grade of 11.7g/t. A drilling programme is planned with the objective of greatly increasing the resources over the year.

Marakand is developing the Khandiza deposit, a volcanogenic massive sulphide deposit that contains zinc, lead and copper sulphides and associated sliver and gold. Khandiza is located in southeast Uzbekistan in the Surkhandarya region.

The deposit was identified in 1957 and was well explored during the Soviet era. By the end of 1974, 77,000 meters of core drilling and 19,000 meters of underground exploration development had been completed, together with a considerable amount of metallurgical testwork on bulk samples, enabling a Soviet Feasibility Study to be prepared. The project was evaluated by Oxus Resources Corporation from 1996 until the formation of Marakand in November 2003. A confirmation drilling programme (30 holes totaling 3,776 meters) was completed by Oxus in 2001. Marakand completed its feasibility study in September 2004, which confirmed the project is financially and technically robust.

[giant steps] 13/5/2006 09:14

Hectorp - good to see you here. For MKD, as you are aware, the story of
'sell in may' is likely to be very different; share price hinged to OXS.

So much mystery on OXS/MKD that newsflow looks imminent (next few weeks).

For interest, are you still holding, converted, selling or adding ? (tia)

[hectorp] 12/5/2006 19:33

Looks a good buy position chart wise, but whether fundimentals copy this is hard to tell. Not a good time of the year for most stocks.
Sell in May coming to roost.