Marakand Minerals Share Discussion Threads

[phillis] 24/4/2006 16:14

Many thanks.
Am taking my pc and have b/band connectivity!

[giant steps] 24/4/2006 16:03

Well we know Oxus are quite content to 'build' without all aspects in place !

Enjoy your travels Phillis, worrying free from the market.

[phillis] 24/4/2006 15:59

Travelling tomorrow chaps.
Good news perhaps in that it signifies the government may be close to signing up but I don't think any construction can have taken place. Look at the MKD balance sheet and in particular funds flow. They must just about be out of cash which may also explain OXS attitudei.e.they are going to have to cough up for financing so thay may as well own it.
Although again it does not seeem likely that OXS have been advancing funds to build ANOTHER plant before all signatures in place

[mattybuoy] 24/4/2006 15:52

I think the line about the plant being built should not be taken literally. More like "construction is imminent" IMHO.

Still, very good news. Just need the official RNS now.

[drewz] 24/4/2006 15:47

Who cares where Phillis is. His calls on MKD have been most unhelpful.

[giant steps] 24/4/2006 15:44

I think Phillis is on vacation, something about taking money off table etc.

MKD 26-28p
OXS 80-82p

[cezary] 24/4/2006 15:18

Where's Phillis??

The increase in the share price is laughable seeing as there's only about 10 million shares available. When the news gets official, it could go anywhere.

Dare I say it 1 for 2 or 1 for 1.

[giant steps] 24/4/2006 14:58

Oxus will now have to revise their deal for MKD holders,
3 for 1 no longer looks inviting

MKD share price is breaking away, no stock available

MKD 26-27.5p
OXS 77-79p

[zaphod99] 24/4/2006 14:32

The question is whether or not Marakand have any involvement in the building of the mining and concentrating complex. If not, then this news may not be as significant as it seems, and probably not worthy of a news release by Marakand.

There's no doubt that Khandiza will go ahead, whether it's by Marakand or not still depends on them being granted a licence. I still think it will happen, but probably later rather than sooner.

[giant steps] 24/4/2006 14:15

"A mining and concentrating complex is being built at the deposit"

...this news needs to be verified

IF true, share price will double imo (no advice intended)

[langland] 24/4/2006 14:15

TM,
What an excellent spot...well done. Probably still means one or 2 i's to dot etc which accounts for no announcement yet from the company.

[giant steps] 24/4/2006 14:08

Looks like one of the best kept secrets.

MKD share price should respond very positively; virtually impossible to buy online

Bid 25.5p offer 27p

[davidedgar] 24/4/2006 13:44

bloody hell. dynamite ! why no rns ? is there anyway to confirm this report ?

i could only find this from a govt website : dated March 6th 2006

Khandiza project included in Uzbek govt investment programme


TASHKENT. March 6 (AFX) - Marakand Minerals Ltd said its proposed Khandiza Project joint venture has been included in the Uzbekistan National Investment Program for 2006, according to a Presidential Decree dated 15 November, AFX reported. The company also said it has reached agreement in principle with its Uzbek partner, Goscomgeology, on the project's Joint Venture legal and financial documentation, with recent changes to the Uzbek tax set to improve the cash flow to Marakand. Marakand said it "continues to engage all levels of national, local and regional government in an effort to secure the Khandiza license." In the six months to 31 December, Marakand made a net loss of US$1.24 million compared to US$1.28 million in the year earlier period, the report added. The company added it had US$625,000 in cash at the end of the review period and it does not plan to undertake any further fundraising until the final Khandiza Project approvals are granted and/or other exploration projects are "firmly secured." Any short term funding needs will be underwritten by Oxus Gold PLC if required. Khandiza deposit is a volcanogenic massive sulfide deposit that contains zinc, lead and copper sulfides and associated sliver and gold. Khandiza is located in southeast Uzbekistan in the Surkhandarya Province. 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 test work on bulk samples, enabling a Soviet Feasibility Study to be prepared. The project was evaluated by Oxus 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.

[tee man] 24/4/2006 13:31

Well well well, have MKD been sitting on some news?



First ore at Uzbek Khandiza deposit by end 2007 -Govt
24.04.2006 16:22:28
The production of concentrate at Uzbekistan's polymetal ore deposit Khandiza in the southern Surkhandarya region is forecast to begin at the end of 2007, the government said.

A mining and concentrating complex is being built at the deposit to process 650,000 metric tonnes of ore a year, Dow Jones reported on Monday.

The deposit has reserves of 14.4 million tonnes, with a silver content of 134 grams/tonne, zinc content of 7.24 grams/tonne, lead 3.5 grams/tonne, copper 0.86 gram/tonne and gold 0.38 gram/tonne, the report said.

The zinc and copper concentrate will be supplied to the Almalyk Combine for smelting.

UK-based Marakand Minerals is creating a joint venture with Uzbekistan's Goskomgeologia to develop the deposit at the cost of US$75 million.

Marakand Minerals is owned by Oxus Gold Plc, which holds an exclusive license to develop the deposit. Oxus Gold Plc also has license to develop gold deposit in Uzbekistan.

[hectorp] 22/4/2006 12:45

Well MKD has made some share price progress from my purchase at 15p a year ago so I've sold half my holdings.
Retain the rest almost for free now. So outstanding issues not going to cause me sleepless nights. Proceeds sent to Canadian trading account and ML, ROK.

[giant steps] 21/4/2006 17:09

Closing prices -

MKD 24.5 - 26.5p
OXS 78.0 - 79.0p

[giant steps] 20/4/2006 19:42

Folk should note directors have options and institutions have warrants

Easy to compensate both categories when deal is complete

[phillis] 20/4/2006 18:51

Even the MKD CEO and Board converted to OXS

[cezary] 20/4/2006 17:19

In my opinion...in order for Oxus to grow...MKD has to be granted the JV/licenses.

[giant steps] 20/4/2006 17:15

I guess it comes down to gearing, that's why i'll try and keep MKD shares

Current MKD mcap is less than 1/10th of OXS

Let's say Khandiza is 'yes'

> MKD price could easily be many multiples, hard to see that happening to OXS

[zaphod99] 20/4/2006 17:11

convert to OXS and you still get the huge potential of MKD PLUS the huge potential of OXS......surely a better deal than just holding MKD.

[giant steps] 20/4/2006 17:07

Zaphod99 - yes the OXS 'current offer' gives a risk free route, but i have
to remind myself i invested in Marakand for huge potential, not OXS.

Nothing against OXS, prospects look good there as well, prepared for the risk/
reward due from MKD.

[zaphod99] 20/4/2006 16:56

any MKD upside should also be reflected in OXS share price so by converting to OXS you get that upside plus the dividend.

[giant steps] 20/4/2006 16:52

zaphod99 - that's true, dividend worth noting

Think back to MKD launch, trades around mid-40's

Any smallholder that has stayed the course, waiting for huge upside,
will want more than OXS divi !