Oxus Gold Share Discussion Threads

[lithological heterogeneities] 06/10/2015 12:04

What has suddenly changed to go from a decision in the "VERY near future" to a 12 month (not 3 or 6 month) Darwin facility.

[the stigologist] 06/10/2015 12:04

£100k drawdown is miniscule in the context of a £25m current Mkt Cap and a potential market cap soon of £500m-£1000m

Part of the selling now will be a combination of margin traders getting closed out / RAB finishing the overhang / Darwin selling their stock i.e. the slingshot from here should be very good

[the stigologist] 06/10/2015 12:03

GS that is nonsense and you know it

How could RAB be the lender when they are a fund in wind-down / forced sellers ?

The only people throwing their toys out their prams are the desperate margin traders

[giant steps] 06/10/2015 12:00

I would have been happier to see RAB as the lender,
but we have lived with Darwin before and this time
it should be short lived.

We are watching for the very near future.



Volume on aim 17.85m, on isdx 4.39m, total c22.24m

[thejaba] 06/10/2015 11:59

to me its irrelevant whether its 1p or 5p before the award...most of us are here for the award, not for the share price in betwee.

The result is still a binary bet. nothings really changed.

[makday] 06/10/2015 11:56

How would you know?

[wolstencroft] 06/10/2015 11:56

I don't understand the drop either. I'd have thought maybe 10%.

Anyway, that's the market. I think it shows the MMs have sensed a lot of short-term, perhaps uninformed hot money. Good on them for doing this.

Even after the arbitration result, if favourable, there are all sorts of reasons why delays may occur. I say well done to raise a bit of money when the share price is up circa 50%. Most AIM CEOs do it when the share price is in the doldrums.

[lithological heterogeneities] 06/10/2015 11:55

If the result was in the "VERY near future" then why raise funds for 12 months ?

If it was really in the "VERY near futilure" then why raise funds at all. Why not wait for result and do at 20p, 40p etc?

If it really was in the "VERY near future" why not raise funds over w 3 month period?

[papillon] 06/10/2015 11:55

"Anticipated Arbitration Award Date and Loan Extension

Rurelec PLC (AIM:RUR), the operator and developer of power generation capacity internationally, announces that it has been informed by the President of the Arbitration Tribunal considering Rurelec's claim for compensation for the nationalisation of its Bolivian assets that notification of the award is now anticipated to occur before the end of January 2014."

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

RUR issued that on the 20/12/13. They were able to OFICIALLY inform the market of when their UNCITRAL arbitration verdict was to be given.

Hence I don't believe that RS's "very near future" means within the next month. I believe, based on the RUR experience, that if the OXS verdict was to be announced before the end of October OXS would have been able to inform the market of that fact.

[wallyjumblat] 06/10/2015 11:46

People just need to look at RS in more detail, this Darwin deal is peanuts in the big scheme of things, however it provides confidence and comfort, nothing has changed and 'the very near future" is still "the very near future".

The weak have been flushed out today and perhaps that's the way it should be, keep the faith LTs it coming.

[tracy_moore] 06/10/2015 11:45

Hmmmmmm now there's one to be wary of.

[giant steps] 06/10/2015 11:45

Watching now for additional announcements ...

RAB finished ?

and verdict in the very near future

[riskier] 06/10/2015 11:45

Disappointed the Placing needed to happen as Arbitration was expected to conclude 'in the very near future'. Still, better safe than sorry...

[papillon] 06/10/2015 11:44

"Darwin may indeed hold the shares until the result"

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

In my experience, JNBRW, Darwin don't hold on to the shares they receive. They also short before taking another tranche of shares.

[hayfield] 06/10/2015 11:39

What I'm saying is its laughable folks saying that they'll topup again when this hits 3p. It'll be 3p within a few hours at the rate of sales going through.

[burbelly] 06/10/2015 11:39

Nice to see a result now with all those traders just burnt off

[pug151] 06/10/2015 11:36

Totally agree.

[nick2412] 06/10/2015 11:36

Sensible of RS to secure finances as cash was running low at the end of the June and there would currently only be about $200,000 remaining. Even if the decision comes this month (as I anticipate) and the Uzbeks cooperate and pay any award promptly then OXS needed a top up. It's very reassuring to know the directors interests are so closely aligned to all shareholder interests.

[jnbrw] 06/10/2015 11:35

big over reaction imo, Darwin may indeed hold the shares until the result,

just a bit of housekeeping money needed for day to day running of company

remember Rab have been selling millions over the past few days and price has risen

also amounts involved here are insignificant in the overall picture of what is happening here

(useful though to catch a few stops, short term traders and those who are overleveraged)

[giant steps] 06/10/2015 11:35

Well i have to say i was not expecting Darwin in the very near future

RNS 06 OCT 2015