Oxus Gold Share Discussion Threads

[bulldog30] 07/10/2015 08:39

Looking forward to RAB selling down their remaining shares and Darwin pre-selling first tranche of new arrangement. Once over shares should only go north IMO.

[marmar80] 07/10/2015 08:30

GS, we know that RAB needs cash before year end. They will better accept 12p and sell them to us than lose them.

[giant steps] 07/10/2015 08:25

O/T

Loverat, perhaps you should make use of the filter button for easy reading

[giant steps] 07/10/2015 08:24

mm80, RAB should wait for the verdict. If it's a low end award they'll
simply ask for their $6M back, why take a risk converting @ 12p ?

[loverat] 07/10/2015 08:23

Do we have to have another day of listening to Stig's twaddle on here?

For heavens sake, OXUS get that announcement out asap.

[marmar80] 07/10/2015 08:21

I think we will see CLNs converted at 12p soon

[the stigologist] 07/10/2015 08:20

fair enough

take it you are a Man United fan :-p

[pug151] 07/10/2015 08:15

I said 'not much'i did not say i have no interest!

[loverat] 07/10/2015 08:14

The Stigologist - 06 Oct 2015 - 11:30:19 - 24906 of 25099
'Do not judge others , lest you too be judged'

That is what my Uncle used to say. He was a High Court Judge but didn't last long in that job for some reason :-p

[giant steps] 07/10/2015 08:07

pug151, you should always care for the current share price especially as
we are issuing CLNs to Darwin, we have expiry/renewal of ex-Zeromax/RAB
CLNs and interest on the $12m CLN can be converted to shares based on the
weighted average price over the applicable 6 months.

[pug151] 07/10/2015 08:02

I am not much bothered by short term trading positions.

[the stigologist] 07/10/2015 07:59

Davius's take is neither here nor there unfortunately. The fundamentals are known. His post might be educational for Lunatic Asylum type muppets but it doesn't address the short term trading position.

[pug151] 07/10/2015 07:48

Read DAVIUS post 24995 he has the best take on this imo.

[the stigologist] 07/10/2015 07:45

I think the candle yesterday may represent a 'bearish engulfing' rather than a long tail hammer reversal ? Might imply a bit more short term technical weakness although that will allow short term overbought RSI to come back to normal levels and long termers to accumulate more cheaper. RAB overhang surely should end today so could see more volatility but will be good to have a smaller continuation / consolidation 'inside day' candle today setting the scene for larger rises later in the week/next week

[nuffsaidok] 07/10/2015 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. RAB are winding down their funds and there was news yesterday that their OXS holding causing an overhang is nearly gone. Contingency funding arranged if required at a favourable rate in case any potential award takes time for OXS and its legal team to recover from Uzbeks.



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.

[fairlight] 07/10/2015 06:58

papillon - post 25085 - thanks I am aware of the AIM rules - and RS has informed the market that the result will be in the very near future, in the half yearly report. I don't think that if he has been advised informally by phone that the court expect to be able to give the verdict in the next 2 months an RNS would be appropriate. I am just speculating as to why he would have got legal advice on the wording of that sentence if it was not important. I know every RNS is checked by the NOMAD but why specifically mention (in a phone conversation with lselee - I think it was)that they had this statement checked for legality. And again why use the word "very" he must have realised it would make this statement contentious, why not just "near future" or "future". I am sure he doesn't want to repeat the "by the end of 2014" mistake again does he?
Going back to Rurelec announcing that they had received notification that the compensation announcement is "anticipated by the end January 2014", on 20/12/2013. Not that I would question Rurelec's motive for their announcement but the fact they had no cash in the bank and were under financial pressure due to the case, might have had something to do with it, as they managed to make 2 placings in between this announcement and the settlement date on 31/1/14. Personally I am really happy OXS is fully funded for the next year, (even with Darwin) not that I think we will need it all.

[marmar80] 07/10/2015 03:31

One more thing about Oxs-Darwin agreement. In the past we have not had placing every month and not always for the whole amount. Oxs only asked for this what he needed and when needed. Hope that helps.

[festario] 07/10/2015 00:05

APFindlay, a superb post by you tonight.Reminding us long term holders exactly what has been stolen from us and denied to us by a corrupt and vicious Uzbek regime.Many of us have looked to dilute the award, make concessions etc... but your post summed up the losses in a very powerful way.

[trade wise] 06/10/2015 23:55

pap, then why didnt he tell the market that the lawyers told him the result will be "very soon". What he stated came across as unsourced.

[pug151] 06/10/2015 22:59

Good night all -my final thought on an interesting day is that we are doing a lot better than those poor guys on lse in our attempts toMake sense of this!

[papillon] 06/10/2015 22:31

Fairlight. If RS had been told when the verdict is due he would have had to inform the market via an RNS like RUR did. An AIM requirement!

If the report of a conversation today with RS is genuine (posted on the lse and copied onto here) he was told by his lawyers that the verdict is in the "very near future", but he was NOT given a specific date. If he had been it's an AIM requirement that he would have had to inform the market. Read up on the AIM rules and regulations for AIM listed companies.

[fairlight] 06/10/2015 22:17

skez and the arrangement is pretty flexible and on a need only basis

[skez13] 06/10/2015 22:08

At lest with RS he raises from the market at a good price when dilution is minimal, compared to the other CEOs who have no regard to any of its shareholders.

also as alluded to RUR it avoids us having to take any discount for early payment

give it a day or two and all the daytraders will be gone:)