Marakand Minerals Share Discussion Threads

[zaphod99] 20/4/2006 16:47

OXS maiden dividend later this year might encourage the MKD stragglers to convert.

[giant steps] 20/4/2006 14:43

Cezary - well i'm more than content to hold and acquire

Will wait for a sensible offer before I relinquish

Oxus in their wisdom created too many small MKD shareholders!

They will need to make a formal offer to all of them,
my guess is a fixed cash price, say 35p

Oxus will have to get a move on 'cos if OXS races into 80's
and 90's, MKD will automatically get sucked into 30's !

[cezary] 20/4/2006 11:53

GS...Carry on the good work.
It seems its just you and me propping up MKD & OXS and....Eug.

[giant steps] 20/4/2006 10:30

nobull - so MKD still looks promising !

MKD 24-26p
OXS 77.5p - 78p

Surprised folk will sell at 24p yet on conversion it's worth 25.8p
(to give up min 7.5% !)

OXS looks set to push into 80's, so expect to see MKD follow thru.

[nobull] 19/4/2006 14:22

Yes GS, with metal prices as they are, they can't afford to give the U. Govt. an excuse not to sign off the JV agreement. That may well be the reason they are buying it back in. I've bought some Union Resources in case MKD doesn't come right, but now I 've got serious worries about that company. Its resource statement is 11.4 million tonnes of recoverable zinc, but it uses a very low cut-off grade (2% compared with MKD's 4%?). So maybe its resource is overstated. Then it is further away from production than MKD (BFS not complete yet). The capital it needs to raise is more than 10 times the amount MKD needs (harder to raise? and bigger risk of failing to raise it?). Then it has a dispute with its private Iranian partner who can't pay its share of the costs, but it needs the help of that partner to assist with the permitting process?, and then it won't perhaps be able to get full market price for its zinc (export restrictions for the first few years?), and then it may not be able to repatriate profits for the first five years? Add all that to the possibility of Iran being a pariah as far as trade and investment are concerned (sanctions imminent?), and I've perhaps paid a high price for not having the guts to buy more MKD. Additiionally, I got creamed on the exchange rate: the market makers added quite a lot more on to the London price of Union Resources compared with converting the Australian offer price for the same shares at the median exchange rate.

[giant steps] 19/4/2006 12:00

Still musing the history of OXS/MKD
'
The government has signed an agreement with Oxus Gold of the UK for the
exclusive right to develop the Khandiza metals field in the Surkhandarya region.
'

The creation of MKD and transferral of rights may have negated original
agreements. Back in the OXS camp may be a different matter.


Prices at 12:00

MKD 24-26p
OXS 77.5 - 77.75p

[giant steps] 18/4/2006 09:54

Looking at the way AVM has advanced 6% today, OXS 1% has some catching up.

( OXS buyers have safe passage buying MKD and converting )

[giant steps] 18/4/2006 09:38

Screen prices at 09:30

MKD 24-25p
OXS 76-77p

Rising gold price should see OXS into 80's this week.

Arbitrage window may open again, otherwise 3 for 1 deal should see MKD rise

[phillis] 14/4/2006 17:43

They need MKD to replace Jerooy (although from an accounting point of view they would always have been consolidating 100% of MKD anyway)

[dixi] 14/4/2006 08:23

Slap Oxus are currently a large shareholder in MKD - if it fails then Oxus will be hit hard and look pretty foolish either way. Maybe they will absorb the lot and delist the MKD shares - who knows?

Maybe Oxus has more influence over Uzbek descisions than MKD, and they want to exert this to move things along.

It is all speculation - until Oxus/Marakand choose to give us some meat on the bones I feel we are pretty much in the dark, but when all becomes clear some of us are bound to have been correct in our assumptions.

I do not think Oxus would buy up MKD for credibility reasons - whatever happens to MKD it is a separate company with it's own listing. The more Oxus buy up the more important it is that MKD are successful, but then we had Eurogold.........

[giant steps] 13/4/2006 23:14

MKD not for the impatient

May take weeks, months or years for this one trick pony, but worth the wait

[slapdash] 13/4/2006 22:38

If it was going to be a success why buy in the shares??

Why spin off a company to focus on a praticular area (maintaining a majority stake) only to buy it up two years later????

The idea of floating it off was for it to be a success.

Oxus taking all the shares now only suggests that that idea has failed - i.e. Marakand has failed - and so Oxus doesn't want to have a public failure calling it into credibility and so has bought back the stock.

If the posters on this BB weren't so irrationaly optimistic that should be obvious. Anyway, if Oxus did know something it would have to be declared and their whole reputation would be massively damaged if they acted on inside information.

Slapper

[dixi] 13/4/2006 22:28

He's doing his damndest in the Krygz Rep with Jerooy - too honest by half!!

Slap - why would Oxus be so keen on MKD if things were so bleak - they of all people should know the score. If it does turn out to be a failure Oxus have really done their shareholders a diservice!

[cezary] 13/4/2006 12:36

Someone tell Bill Trew to open his wallet more and pay off the UZbeks.
Because, that can only be the one reason the license hasnt been granted.
Bill Trew, you cant play by English Rules in countries like this.

[slapdash] 13/4/2006 11:14

well now over a year and a half from when they first said they might get the license (Q4 2005).

I didn't know if they could achieve this delay but have been impressed by the lack of progress. If they hold out they could make it two years of waiting for a bureaucrat. If that really is the issue. I notice that the Uzbeki's wanted one company, I think Newmont, to renegotiate terms on something and I suspect that is the realy reason behind all this. Probably some corruption and the Uzbeki's want to take the license away. Why else would Marakand be going to Turkey and looking elsewhere if it thought it is inevitable that it will get this license soon.

Come on Marakend you can do it just another six months wait to make it two years waiting in total!!!!!!!

[cee man] 11/4/2006 21:32

You unless previously applied cannot conver 3:1, board meeting due when the two CEO"s get back from holiday,2 weeks time
The only problem short term is will oxus drag marakand price down?


Still holding MKD

c

[mattybuoy] 11/4/2006 16:31

Just to make it clear. I continue to believe that Khandiza will go ahead as planned, with MKD and the Uzbek gov forming a JV. The president has decreed it ...

The only question is when.

If you look at other FSU mining companies, they have almost all suffered the same interminable bureaucratic delays. It's just par for the course.

[mattybuoy] 11/4/2006 16:21

Phillis I disagree that Khandiza is a lost cause. The NPV must be getting on for $1.5bn now. Someone is going to develop it, the worst case (unlikely IMHO) is that MKD have to sell out at a discount to full value. Which should still be significantly higher than the current paltry $50m market cap ...

Where I do agree is that it is better to hold MKD via OXS, but that's just a matter of personal risk preferences. I would not criticise those who choose to hold MKD directly, it's up to them!

[phillis] 11/4/2006 15:07

Of course now I have done my deal they should let the minority stew!
De minimis anyway.
Would much prefer OXS to be putting about more how much money they are going to make in a full year from siver and unhedged gold.

[phillis] 11/4/2006 13:02

Well I don't know what you mean by silence. I have brought new information and posted my views(and acted upon them)

As far as the current state of play is concerned perhaps we can agree that I have yet to be proved wrong whilst the protagonist(s) of the counter view has yet to be proved right.
Each to his/her own - as you say

[greg the grinch] 11/4/2006 12:36

phillis
re What does that tell us?
That if bt is your boss you better do what he wants you to do!

mmm
At what point is no information in fact disinformation as by remaining silent you infer nothing new has happened.

Anyway, you are entitled to play your cards anyway you wish Phillis.
:o)

[cezary] 11/4/2006 09:18

With June futures at $606 and most gold stocks up, why is oxus down??

[giant steps] 11/4/2006 08:12

Prices at 08:15

MKD 24-25.5p, OXS 73-75p (down 3p)

[phillis] 11/4/2006 07:57

Greg -of course I serve myself but not to the point of disinformation.( I gave you the news of the 3 for 1 swap)
I post only when the stupidity of GS makes me want to put a balancing post.
I am not a direct holder and will not be unless there is a positive announcement on K(which I don't expect - even the Board has sold out. What does that tell us?)The chances of getting back in in those circumstances are remote however so good luck to all current holders.
I am more than happy to have reduced the risk by swapping for OXS where i continue to have a large investment

1 OXS is still worth more than 3 MKD by the way