Oxus Gold Share Discussion Threads

[the stigologist] 02/10/2015 09:58

We have had some rather tedious boosting of CHL on here before. The CHL boosters were wrong then and they are wrong now. In Mid-August the CHL holders were warned that CHL was over-valued and would need to raise more money as they are further behind OXS in their claim.

Oxus 2015, awaiting merits and quantum - OXS

Giant Steps - 14 Aug 2015 - 09:39:08 - 23106 of 24355

Agree with apf and stig, the switch CHL to OXS seems most obvious

(no advice intended)

------------------------------

Since that discussion there has been a 60-70% relative move in OXS's favour

[marmar80] 02/10/2015 09:58

In my opinion Chl will arrive within 2 years. Oxs within days we hope.

[lithological heterogeneities] 02/10/2015 09:56

I suspect this will end up blue today with the claim so huge and the RNS so "very near".

[dave444] 02/10/2015 09:39

Ross as I mentioned months ago I am put off investing in CHL by possibility of more fundraising which proved true today.18p!

[marmar80] 02/10/2015 09:19

Worth to remind the claim range is USD 400m - 1.2bn. Not many small caps can offer this level of return vs. risk.

[marmar80] 02/10/2015 09:02

I know, so I think result RNS is more likely on Monday

[slong] 02/10/2015 08:45

Is there a genuine chance of the verdict being announced over the weekend? I would have thought a weekday is more likely.

[marmar80] 02/10/2015 08:39

Ok skez, np.

[kcowe] 02/10/2015 08:34

3.4 or lower we will be back into the bolly envelope.. more consolidation .. wonder what the week end brings;)

[kcowe] 02/10/2015 08:00

cheers gents..

[giant steps] 02/10/2015 07:59

kcowe, the figure is not known as it's confidential - so one makes a guess

[pennys2pounds] 02/10/2015 07:58

Kcowe - no one actually knows for sure. What we do know is that it's on a sliding scale dependant upon size of award and amount of time taken.

From my past research they normally look for a 4-600% return so anywhere between $24.6m to $36.9m as an estimate.

[kcowe] 02/10/2015 07:54

What percentage are calunius set to take on a successful result? Giant steps?

[giant steps] 02/10/2015 07:47

Thanks nuffsaidok #24336, a very useful reminder

[skez13] 02/10/2015 07:35

marmar80

wasnt directed at you:)

[giant steps] 02/10/2015 07:29

Verdict this weekend (*) ?

Huge Claim, Huge Potential




* fits with "very near future"

[nuffsaidok] 02/10/2015 07:26

OXS multibagger potential with Calunius providing $6.15 million of funding to date on a no win no fee basis and the directors remain confident that the Arbitral Tribunal will, in the very near future, rule in the Group's favour and that fair compensation will be awarded.



Update on Arbitration

The Group currently awaits the decision of the Arbitral Panel with regard to the merits and the quantum of the UNCITRAL arbitration claim against the Republic of Uzbekistan, the arbitral hearing having taken place in Paris in late April / early May 2014.

Litigation funding agreement

The existing arrangement with a litigation funder to support the Company's arbitration through non-recourse funding of legal and related fees arising from the arbitration process remains in place. At 30 June 2015, the Company had received $6.15 million of funding, which is only repayable upon the successful outcome of the arbitration.

Outlook

The directors remain confident that the Arbitral Tribunal will, in the very near future, rule in the Group's favour and that fair compensation will be awarded for both the AGF and Khandiza mining assets, which were blatantly misappropriated by the Republic of Uzbekistan. In this respect, the Board will continue to take whatever steps it deems necessary to ensure the return of value to the Company's long-suffering stakeholders.

[goodbloke1] 02/10/2015 06:10

Anyone know what percentage Oxs have to pay lawyers if we win case?

[arlington chetwynd talbot] 02/10/2015 02:55

Giant Steps,

Get the charts in and get some volume charts in there. You are not stupid so please just do it.



hic!