Oxus Gold Share Discussion Threads

[shinyleather] 04/11/2015 11:17

Thanks for the feedback everyone, appreciated.

[edgein] 04/11/2015 11:10

Its certainly nice to see the level of gratitude on here for RS saving us from the CLN holders at a 100% premium to the current share price. They really would have had something to moan about if these hadn't been dealt with. Also £100k per month to keep the company going and cover any little arbi costs (£800k admin/arbi pa is nothing given the potential fair compensation).

Regards,
Ed.

[skidaddle] 04/11/2015 11:03

"it's a shot across the bow for the Uzbek's"

And it's a death by a thousand cuts to me.

[wulber] 04/11/2015 11:00

Wally

Exactly, it's a shot across the bow for the Uzbek's

[wilfy75] 04/11/2015 11:00

shiny - it's not £100,000 per month - they're issued at a 10% discount, so it's £90k - not a huge difference, I accept!

Remember the company has a number of normal running expenses:

1. rent etc;
2. rates;
3. salaries (for staff other than RS)

to name but three. Most costs are being paid in shares, options, warrants etc (e.g. NOMAD, RS etc) but some have to be met with cash.

[wallyjumblat] 04/11/2015 10:50

Shiny, I think RS is sending a message that we are here to stay.

[marmar80] 04/11/2015 10:49

All info in Rns from 6th October. Just another working capital before the verdict.

[shinyleather] 04/11/2015 10:46

Why does the company suddenly require £100,000 per month? I thought that RS had reduced running costs to stop this being necessary.

[wilfy75] 04/11/2015 10:43

Is this RNS being misunderstood? It's the creation of a new £100,000 of CLN (not the conversion of an existing one) so now we have:

1. a £100,000 debt convertible into shares at an average range of 5 closing prices chosen by Darwin from the previous 20 days - assume that average is 4p means 2.5 million new shares;

2. 190,476 warrants from the October CLN issue exercisable at 5.25p (see RNS of 6 October); and

3. 196,319 warrants from the November CLN issue exercisable at 5.09p (see today's RNS).

It's just working capital and not a particularly significant dilution since it only moves us to approx 710 million shares in issue and I'm assuming 750 million shares in my model.

[the stigologist] 04/11/2015 10:43

£100k converted into shares will be 2.5-3.0m shares THIS month.

[kcowe] 04/11/2015 10:42

warrants have a long life to em... 2020 ? what does that say?

[marmar80] 04/11/2015 10:41

Stig, only if they continue to do so for the next 12 months, but no one expects us to be waiting extra year for the verdict..

[the stigologist] 04/11/2015 10:37

Don't be so damn clueless. It isn't that hard to read English is it ?

It will be closer to 3m shares being issued.

The 190k is just the free warrants.

[marmar80] 04/11/2015 10:32

Fest, looks like monthly draw down, same as a month ago. 190k shares. So next announcement from them in December.

[the stigologist] 04/11/2015 10:17

Question will be now what price are Darscum going to sell out at. Just £100k so get it out the way and chart will look good to go again.

[festario] 04/11/2015 10:16

Its just monthly draw down of funds isn't it?

[giant steps] 04/11/2015 10:15

Excellent, another duck in line.

[wulber] 04/11/2015 10:14

Another conversion done - good!

Another duck lined up for OXS and ready for news.

[marmar80] 04/11/2015 10:09

Morning All. Thank you for reading my recent posts. Obviously the long term followers understand them. Those who think it's a spam only, please filter me and do not comment.

[wilfy75] 04/11/2015 10:01

Agreed Stig, but if I were them and thinking along the lines you suggest I would prefer to have this issue "done and dusted" rather than hanging over the conference. For that reason I suspect that they'll simply tough it out. As such I would have settled and then afterwards started marketing the conference all as part of a complete fresh start.

It may well even be that there are completely separate teams / ministries looking at our issue vs the inward investment drive so no right hand/left hand coordination (or just straight fear about raising the OXS situation). We're looking at it from a very specific perspective.

Anyway, time will tell.

[festario] 04/11/2015 10:00

Bid and offer have raised significantly, but no one is buying!

[giant steps] 04/11/2015 10:00

wilfy75, 35th day on close watch, 35th letter ;-)

[wilfy75] 04/11/2015 09:58

GS - I'm fascinated by why you choose to put a letter in red, and which you choose? It is a secret code? :-)

[the stigologist] 04/11/2015 09:57

With regard to this Uzbek conference I don't think timing is important with regard to OXS as the Tribunal as we know have their own timetable. However the fact they are 'advertising' suggests they are in need of foreign investment maybe as a result of previous misbehaviour they are not attracting enough foreign investment and maybe because they know they are on the hook for losing $1bn in cash they could have used to invest themselves ?

It would probably go down very well if they showed foreign investors that they acknowledged previous bad behaviour and pay generous reparations with an amicable settlement rather than let the process drag out.