Oxus Gold Share Discussion Threads

[loverat] 06/10/2015 14:09

LOL!!!

You sound like you talk from bitter experience?


The Stigologist
6 Oct'15 - 14:03 - 25006 of 25006 0 1

Some people here should be wary of getting lawyers letters through the post

[the stigologist] 06/10/2015 14:03

Some people here should be wary of getting lawyers letters through the post. Personally I don't think anybody crossed the line in defaming Shead but they need to take a long hard look at themselves and their position. If it is stressing you that much you should sell as you obviously have too much risk on here.

I think Shead is too sensible to bother taking action against small time mug punters. He has bigger fish to fry.

I (rather stupidly) put it to Mr. Shead that some investors were looking at the statements made on the interims, then the exit of RAB and finally the fundraising and coming out with conclusions to suggest it was planned in such a way. I must say Shead was not happy about this one bit and even mentioned passing it on to his lawyers. I got the impression that he is a man of integrity and is just doing the best he can with what he's got. I would be careful about what you say on these boards as his exact words were "it will be interesting to see what comes out on the chat boards". So he does check these and I would be very careful in any accusations that you make.

[the stigologist] 06/10/2015 14:02

Watch for a break above / trades above 4.625p as the year to date intraday high

Fundamentals haven't changed today

70:30 on a potential 50p/100/200p payout as I see it

[pug151] 06/10/2015 14:01

That sounds like RS responding exactly as i would expect.

[the stigologist] 06/10/2015 14:01

Time for a zoom into close.

The Darwin storm in a tea cup has been a great top up opportunity.

The big overhang is RAB which could/should go any minute/hour.

Still think first we will know of that is that MM's will dramatically mark the stock up knowing they no longer have a tap.

[sir andrew ffoulkes] 06/10/2015 13:57

From lselee on LSE:

"Mr. Sheads secretary (presumably) Julia Flowers asked for my number and Shead was kind enough to give me a call.

I asked about the timing of the funding and he stressed to me that this is only in £100k chunks as and when needed. He made the point that if/when the award is handed down that the company shall still be required to remain solvent until the funds are received. He also made the point that the funding is unsecured and there was no term stipulating a successful outcome as this was omitted.

I (rather stupidly) put it to Mr. Shead that some investors were looking at the statements made on the interims, then the exit of RAB and finally the fundraising and coming out with conclusions to suggest it was planned in such a way. I must say Shead was not happy about this one bit and even mentioned passing it on to his lawyers. I got the impression that he is a man of integrity and is just doing the best he can with what he's got. I would be careful about what you say on these boards as his exact words were "it will be interesting to see what comes out on the chat boards". So he does check these and I would be very careful in any accusations that you make.

Finally I ask if he could clarify his interpretation of "very near future". He informed me that this is on the advice of his lawyers but does not know when it will be. He said could be a week, could be a month or even 2 months. I got the impression that it would be before Christmas without a doubt.

I am now more confident than ever that we will be getting the result within the next few weeks so hold on to your shares and please do not doubt Mr. Shead as he is a man of integrity."

[thehitman1] 06/10/2015 13:54

I managed a few too.

[garbut] 06/10/2015 13:52

No.I managed 3.337!

[huckle9] 06/10/2015 13:43

Echoed - Great post Davius

[pug151] 06/10/2015 13:41

Excellent post Davius.

[fairlight] 06/10/2015 13:41

Davius - spot on good post

[davius] 06/10/2015 13:39

I did the same as many others, reacted to the share price rather than the actual RNS. I sold 50K shares at 3.65p (I tried to dump a load more but without success, fortunately) before considering the wording with care, and bought back 75K shares at 3.37p.

It's clear that even if we get a positive outcome from UNCITRAL this afternoon, it will be some time before we see any cash, hence the need for funding.

The terms look fine, they are small sums, and the ability to pay back early will negate the risk of significant dilution.

That Darwin are prepared to offer them up to £1.2m suggests they are on board and confident.

As to the timing, less than a week ago the debate was why they left it to the last minute to release the results, the consensus being that perhaps they were holding out for the arbitration result. One might speculate, that if Oxus were given notice say, five weeks ago, that the outcome would be "within six weeks", it would be sensible to hold on as long as possible to release their results, and likewise the funding.

So why finance now? Well, they haven't had the arbitration result, though it's due "in the very near future" it would be foolhardy to continue to wait until the money runs out. It would have been ideal to announce current funding after receiving notification of a win but that was not to be.

I also think it's highly relevant that they mention interest payable in the event of a "change of control", the implication I take from this is that Oxus may already be in discussions with specialists re a sale of the company once quantum is decided...

Todays weakness I see as an opportunity, I read the RNS as a vote of confidence in the process, not an acknowledgment of a delay to the arbitration outcome.

No advice intended, etc.

[papillon] 06/10/2015 13:37

Back above the upper Bollinger Band. That is potentially bullish for the very short term. BUT I don't give a monkeys! LOL.

[webshares] 06/10/2015 13:37

rossannan- yes very true. I'm in now so let's see what the results bring. Blue close anyone.

[andrbea] 06/10/2015 13:33

AIM stocks always do a Darwin or dodgy placing/dilution after good news. This bad news was for a relatively small number of shares. It's the weight of the good news RNS that will persevere I think.

[papillon] 06/10/2015 13:33

The facts are RS said "very near future". It depends on your definition of "very near future" of when that will be in context of the length of time this arbitration saga has already taken; whether that verdict is this week, next week, next month, or later.

Also RS has previous "form" when predicting the verdict. Whether that previous "form" has taught him a lesson who can be sure?

I'm content to hold and wait for the verdict whether that is next week or next year.

[jungmana] 06/10/2015 13:31

If we go over 5p soon darwin will have to convert the drawn £100k loan note at 4.6p minimum :-)

[tburns] 06/10/2015 13:31

What price close anyone, back to 4p?

[papillon] 06/10/2015 13:26

I've said that was a mistake on my part, TW. Apologies for that. I must (and will) stick to the facts in future.

[trade wise] 06/10/2015 13:23

but you said "We will be told when the arbitration verdict "

not "could"

[papillon] 06/10/2015 13:22

But the RUR example, TW, shows we COULD be. I should have said COULD and not will in my post. Naughty me!

[papillon] 06/10/2015 13:21

"RAB overhang gone for good (only have 6m odd left)"

How can you know that for certain? Stick to the facts!