Marakand Minerals Share Discussion Threads

[giant steps] 08/6/2006 08:19

Is Oxus about to pull MKD price down ?

MKD pricing 20-21p

[giant steps] 08/6/2006 08:15

Screen prices @ 08:15

Looks like MKD has weathered better than OXS using the 3 for 1 rule

MKD 20.00 - 22p
OXS 56.25 - 59p

[giant steps] 05/6/2006 16:00

Slide 37 from Oxus Presentation

Marakand – Why Oxus Why Oxus Reinvests??

Khandiza DFS and ESIA completed 2004/2005
43-101 completed 2006
Near Term Development
Pursuing Financing and Approvals
Project NPV has increased 4 fold in 20months
Share Price failed to react to commodity boom
Valuation too cheap = opportunity Valuation too cheap = opportunity


Slide 38

Khandiza contained value $4.8bn

[zaphod99] 02/6/2006 10:27

Problem is that you can't pick and choose when to trigger the 3 for 1 offer. Once you register your interest it can take weeks or months before the shares are actually converted, and who knows what the prices will be at the actual time of conversion.

Seems to me that Oxus are cleverly controlling this to deter arbitrage speculators. They're also being very vague about the medium to long term strategy regarding the outstanding MKD shares.

[giant steps] 02/6/2006 10:06

MKD 20-22p, OXS 64.5-67p

Arbitrage window, very tempted to sell Oxus and buy more MKD !!

(buy mkd at 21.2 = 63.6p in Oxus money)

[giant steps] 30/5/2006 12:01

MKD 20-22p, OXS 64-66p

Online MKD buy quote 21.2p (=63.6p in Oxus money), arbitrage window opens

[phillis] 23/5/2006 12:23

Well if you do I shall bask in your success thru my holding in OXS

In the meantime I remain VERY risk averse

[giant steps] 23/5/2006 11:18

Phillis - i will remind you of your post #2323 in due course

[phillis] 23/5/2006 11:11

As I said before GS:
You don't have a licence
You dont have a jv %
You have the prospect of a higher tax rate
You have negative cash flow

In the current circs pretty high risk to me.I wouldn't like to see your speculative portfolio!
Exiting MKD for me was an excellent way of reducing the risk in my portfolio - AND I am still ahead of your strategy

[giant steps] 23/5/2006 10:41

Phillis -

Hardly surprising folk like hectorp are confused by what you say !

"MKD would be an excellent example of reducing the risk profile in my portfolios" - LOL !!

I concur, i hold bundles of MKD and feel by comparison that i have
reduced my portfolio risk !!!

[giant steps] 23/5/2006 10:09

Risk vs reward as ever.
Now that OXS have increased their stake in MKD the risk has lowered, imo
I find MKD an acceptable risk for huge reward.


MKD prices bid 20p offer 21.5p, volume @ 10:00 15K / 1 trade
OXS 61.5p offer 64p

Observe 1 trade in MKD 15K @ 20p, equals 60p in Oxus money !

Hoping OXS move forward and arbitrage window appears again.

[cezary] 23/5/2006 09:24

Well what do u expect!! 50 years of communist rule...you have to be hard to survive!!!

[hectorp] 23/5/2006 08:47

Good to hear it P.
you think MKD REDUCES your risk profile... I'd hate to see an example of a stock that increases it!
There is always a chance MKD and OXB will lose its licences full stop. Not a risk I'm prepared to take myself, you are welcome to it. Basically I have become FSU-averse with regard to these particular 'Khan' States.
see you elsewhere
H.

[phillis] 23/5/2006 08:35

Well I took money out of the market before the hols and cashed in a good few more but am holding for further investment. Not today because I suspect there may be more to come.Do I wish I had done more? Yes but this is not as easy at it sounds
The difference between this time and 2000/1 is that I am focussed on quality businesses that in the main have good cash flows. The dollar cotinues to be a problem - despite the short term return of dollars to the US as people unwind their speculative positions. I don't see any reduction in geopolitical tensions and gold will come back.

Overall I think this clean out is a good thing. You only have to read a cross section of these BBs to understand it couldn't go on forever

In the case of Griffin for example I still retain a large holding for myself and for the family also. The taper relief is just about to kick in fully and I decided to hold on and just wait it out. The operational numbers are compelling.

MKD would be an excellent example of reducing the risk profile in my portfolios - and this has been well documented here

[hectorp] 22/5/2006 19:30

Phillis - hope you have not been left holding the baby when the markets fell. I'd not have expected that of you.
I'm 90% cash so many avenues start to open to me.
Hope the same in your case.
H.

[phillis] 22/5/2006 12:13

GS
You can't win.
Sold those GFM on 17 May for 85.25
Still hold a large core holding though

[dixi] 22/5/2006 09:55

But ultimately selling MKD a while ago for around 27p would equate to more cash and not holding falling stocks - as OXS is also doing. So selling would've seemed prudent a while ago - but that is hindsight I guess!!

[giant steps] 22/5/2006 08:44

MKD 21.5 - 22p, OXS 60-62p

Arbitrage window reversed, not sure how that rests with phillis !

(O/T can't understand phillis catches GFM 79.75p on a falling chart, now 72-74p)

[phillis] 21/5/2006 18:15

The question is :what will the share of profits be and how much tax will be charged?
Mere details to be sorted out before NPVs can be calculated for the participants whoever they will be!!!

[giant steps] 20/5/2006 21:04

Interesting to note GFM mine started 200K tonnes/yr, now up to 300K tonnes/yr
and will be reverting to 60/40 jv in 2 yrs

Khandiza is planned at 650K tonnes/yr

Some folk have overlooked the substantial value in MKD,
Khandiza one of many similar projects !

[giant steps] 18/5/2006 11:47

MKD 21.5-22p, volume 40K, 1 trade @ 20p

(selling at equiv 60p in Oxus money looks desperate)


Notice 3 for 1 ratio is preserved, OXS 64-66p pulling MKD price down !

[giant steps] 17/5/2006 22:33

Closing prices bid 21.5p offer 22.5p (unchanged) , volume 577 shares / 1 trade

[giant steps] 17/5/2006 18:06

Phillis - i disagree; i'm not going to waste my time on this debate again