Marakand Minerals Share Discussion Threads

[langland] 27/3/2006 14:41

Even if they do improve the terms ( and I do not doubt GS's well intentioned posts on here) then it will probably happen on the Khandiza approval. In such circumstances I doubt whether OXS will mind paying more since we will all be better off ....bigger cake to be sliced.

[zaphod99] 27/3/2006 14:16

They got 25% very cheaply but it will only remain cheap if they don't have to improve the terms.

[giant steps] 27/3/2006 14:11

Well, really and truly OXS want MKD price to shoot up !

Leverage may well be their aim. After all they had c60% before this game

Manipulating 20% via 1 for 3 is quite a good strategy, no problem to
improve it if MKD comes good. The big IF !

[zaphod99] 27/3/2006 14:05

GS - yes, they won't lose out if the offer is improved but there must be more to it than that for the institutions to consider converting at such a small premium.

If MKD shoots up as some people expect then it could be very expensive for Oxus to improve the offer and give the same improved terms to everyone who has already accepted.

I'm sure they must have a strategy to prevent the MKD price from rising.

[giant steps] 27/3/2006 13:46

Zaphod99 - yes, i agree, a good fallback

My understanding, to repeat, is OXS assured those 'early' on conversion that
if they revised the swap ratio a top-up improvement would be awarded.

[zaphod99] 27/3/2006 13:10

GS - nothing to lose by continuing to hold awaiting further developments, safe in the knowledge that you'll always have the 3:1 offer to fall back on.

I wonder how OXS/MKD managed to persuade the institutions to accept the offer. They must have something up their sleeve and I expect we'll find out about it sooner or later.

[giant steps] 27/3/2006 12:55

MKD bid 21.5p offer 23p, volume @ 12:45 186K / 7 trades
OXS bid 69.0p offer 70p, volume @ 12:45 27K / 9 trades

Weak holders selling MKD should make for strong performance on next leg, imo

[giant steps] 27/3/2006 12:40

Zaphod99 - apologies, i realise what you're saying although i disagree about
'will have no reason not to accept the 3:1'

I have no problem holding shares in minority party of MKD.

[zaphod99] 27/3/2006 12:35

GS - I wasn't implying that MKD would go belly up, just that their current projects may end up being owned by Oxus, by which time any outstanding MKD holders will have no reason not to accept the 3:1.

[giant steps] 27/3/2006 10:53

Zaphod99 - I don't think Oxus are buying MKD shares for charity.

We shall see. If Marakand go belly up, sentiment will hit OXS,
noting 3 ill-judged decisions on-the-trot.

Content to hold and buy for the ride (no advice intended)

[zaphod99] 27/3/2006 10:46

There will be plenty of incentive when the free float is negligible, the shares illiquid and MKD have no assets to speak of.

[phillis] 27/3/2006 10:35

Gs -you are right for once. Arbitrage window closed as expected.

[giant steps] 27/3/2006 10:32

zaphod99 - arbitrage window closed off, little incentive to convert

[zaphod99] 27/3/2006 10:27

More likely that 3:1 will be the one and only offer to all holders

[giant steps] 27/3/2006 09:58

Screen prices bid 21.5p offer 23.5p, volume @ 10:00 30K / 1 trade

Still believe OXS will aim to settle MKD o/s shares 30p+

[Abuse team] 26/3/2006 20:10

Post removed by ADVFN

[giant steps] 26/3/2006 20:09

With $5bn in-situ OXS decision to get back MKD looks dynamic, imo

[giant steps] 26/3/2006 19:49

I see Minesite (26 Mar 2006) have really grasped the MKD/OXS case
OXS shares closed UP on the the week ! (ending 69-59.5p)
Just where do Minesite get OXS 8p !! Shoddy article.




"
On the downside, Oxus Gold (AIM: OXS) shares weakened 12 per cent to 8p. Two things are keeping Oxus' share price on the weak side. The first is uncertainty over the Jerooy project in Kyrgyzstan, where a dispute with the government is still keeping mine development on hold, and the second is confusion over whether the move by Oxus to acquire more shares in Marakand Minerals (AIM: MKD) is a good or bad thing. Marakand was previously part of Oxus but was spun off. Acquiring it back now sends mixed signals about the quality of Oxus' management
"

[giant steps] 25/3/2006 09:31

Reminder of 2005

[nobull] 24/3/2006 18:29

I have searched without success for information on any Guernsey laws that allow a minority shareholding to, in effect, be compulsorily bought out. Under UK law I've come across 3 methods: Section 429? Companies Act 1985 (The 90% threshold being crossed in a take-over?), Section 425? or 428? (Using a Scheme of Arrangement?) and there may be ways of doing it under S 110 of the Insolvency Act. As a layman in these matters, I find it odd I can find all sorts of info about this for the UK, but not for Guernsey. Perhaps Ms. Solino is right? There are no ways to do this under Guernsey law? Accordng to "There is no minimum limit on the amount of shares that must be in public hands" to maintain a listing on the AIM market. No risk of MKD being chucked off AIM? The only concern then is that OXS having more than 75% of MKD, there is perhaps nothing we can do if they want to pass a (special?) resolution to de-list? Still, gold rose nicely after London closed, so if we are to be forced to take OXS paper, at least it should be worth more on Monday!

[giant steps] 24/3/2006 16:52

O/T

Eurofox - yes, RDG looks well positioned. KMR doing nicely for you as well, eh?!
(the two go head to head for you !!)

[eurofox] 24/3/2006 16:40

GS - another good day for RDG as well

[phillis] 24/3/2006 16:38

just trying to make sense of your meanderings.
No problemo

[giant steps] 24/3/2006 16:37

Closing screen prices bid 21p offer 22.5p 92K / 9 trades

Phillis
- not interested in having the accountancy lecture by a non-accountant

[phillis] 24/3/2006 16:01

GS - explain please what you mean by market cap valuations