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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oxus Gold | LSE:OXS | London | Ordinary Share | GB0030632714 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.125 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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06/10/2015 18:31 | hope this helps: note, its an accounts 'going concern' statement, so the negative wording is merely cautionary, as its meant to be, but it does describe these recoverables as "investments" and the "loan" we gave agf. 30/May/2012 Results: (going concern section) During early 2011 the Group ceased operations in Uzbekistan and, in March 2011, declared force majeure in respect of its management obligations towards the AGF joint venture in that country. The company subsequently entered into international arbitration with the Uzbekistan Government on 31 August 2011 asserting that the Uzbekistan Government has violated the terms of the 1993 Agreement for the Promotion and Protection of Investments between the United Kingdom and the Republic of Uzbekistan and the case is ongoing. At present the directors of the Company believe it is not possible to estimate reliably the outcome of the arbitration and the extent to which certain assets related to its investment in Uzbekistan may be recoverable. As disclosed in note 1, the Company is seeking compensation for the loss of its investments in AGF and Khandiza. Depending on the outcome of the arbitration the Group and Company may not be able to recover fully the carrying value of mining properties of $30.5 million, and the $42.2 million AGF available-for-sale investment as at 31 December 2011 (which is net of the $10.8 million liability related to the AGF development fund which may become due and payable). The carrying value of mining properties represents $28.5 million in respect of Khandiza and $2.0 million relating to other mining expenditure in Uzbekistan incurred by the Group. In addition, the parent company may not be able to recover fully its investments of $75.7 million and loans of $4.9 million. | apfindley | |
06/10/2015 17:57 | Goodbloke About 78million in all. I think.It's in the accounts I believe (although not named specifically),(but possibly was in previous years) | apfindley | |
06/10/2015 17:53 | 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. | noirua | |
06/10/2015 17:51 | Those laying stop losses give opportunities from MMs to us poor folk, and also the clever ones who reduced their holding around 4.5p and dived back in under 3.45p and out again close to 4p. Markets give us opportunities but few take them and many moan about it. Play this one as you want to but I fear many will be crippled if this one fails to make muster. The gold price is still improving and fair enough, it just makes the Uzbeks happier to pay up when the time comes. | noirua | |
06/10/2015 17:49 | This one is heading south | yourwrong | |
06/10/2015 17:44 | Does anybody know how much we roughly spent over the years on the assets that were expropriated? | goodbloke1 | |
06/10/2015 17:16 | Well hopefully todays little episode got rid of the loons !It's amazing how many investors just follow the crowd and do little to no research.AtB | bobtheslob | |
06/10/2015 17:02 | Or asking where the £1/£2 party is going to be held. I'd vote for a jolly to Samarkand | the stigologist | |
06/10/2015 17:01 | Yes! All of us trying to make sense of it. | festario | |
06/10/2015 16:59 | 1000 posts in the last week alone Expect it will be 1000 posts a day on Award day | the stigologist | |
06/10/2015 16:59 | In any case, in a rapid fall stop losses are useless.If a price moves from 10p, and your stop is set at 9p, they will just fly straight through it and get you a lot less than you expected! | festario | |
06/10/2015 16:55 | Avoid stop losses at all cost.The market is often irrational and the MM's use them to THEIR advantage, not the client. | festario | |
06/10/2015 16:55 | Crazy to use stop losses which won't help one bit if we lose. | pug151 | |
06/10/2015 16:49 | I wonder how many get home tonight and realise their stop loss has been triggered - not great! | fairlight | |
06/10/2015 16:28 | Just back home and must say the Darwin news caught me by surprise to say the least!! My only saving grace is that at least now, we are fully covered for another 12 months if, after the verdict is given, it then takes a few months to agree the 'pay-out' terms, if that ever happens. That said I hate Darwin in the main although this deal with them is by far not the worst I've seen so, on balance, not too negative for me even though I would had preferred not to had seen it. | dorset64 | |
06/10/2015 15:38 | A search for the word 'darscum' on advfn reveals over 40 uses of the word, suggesting it is 'common parlance' | the stigologist | |
06/10/2015 15:34 | Before you post anything, consider the content as it could have repercussions on the writer...put yourself in the place of the CEO trying your best under difficult circumstances, not taking a salary for quite sometime and reading some of the comments posted...can't be easy, but someone(s) might be made an example of for unfounded commentary...just a thought... Good luck all... | jackington | |
06/10/2015 15:26 | Stig, I don't think of Darwin as 'scum', far from it.They are a necessary way of funding the company and keeping it viable for many years, or we would have been at 0p in 2009Office operations, market listings etc must be paid for, and Darwin have always shown confidence in the OXS case by continuing to fund it. | festario | |
06/10/2015 15:15 | Festario the market was not slow on the uptake. Some of that selling would have been Darwin so rational for traders/MMs to force the price down short term to force Darwin out as quickly and cheaply as possible. We the long term holders don't owe Darwin scum anything. Any margin traders who got screwed were simply 'collateral damage'. | the stigologist | |
06/10/2015 15:13 | The MM's were able to hoover up a lot of cheap shares from stop losses today, no doubt SB companies cleaned up too.I haven't used stop losses ever since I lost a fortune on GVC, only for the MM's to mark the price back up instantly after pinching my shares! I never fully recovered from that. | festario | |
06/10/2015 15:09 | Anyway, it soon dawned on me that the way Mr Shead structured this deal was to allow for maximum cash influx (if required) going into 2016, and minimum dilution due the staging of the potential drawdowns.The recovery in share price demonstrates that the market was slow on that uptake too. | festario | |
06/10/2015 15:06 | Interesting posts chaps. Great to hear RS vigorously defending his interim comments on the phone to that guy earlier in the most robust manner possible. Still looking forward to the very near term and what transpires next after today's neutral/slightly positive developments regarding the modest funding package and loan notes that can be repurchased at a slight premium if necessary. In fact that release today gave us other little bits about the possible future of OXS. That conversation posted from RS today was enlightening too, the sense of frustration likely coming from the fact that he's doing his best with a challenging situation as he too is a long-suffering shareholder. At least folks will think twice about what they post, something that wouldn't go amiss on more bb's than this one. Regards, Ed. | edgein |
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