Oxus Gold Share Discussion Threads

[maytrees] 25/11/2015 13:11

Strange how few trades there appear to be so far today given the expecation of an outcome one way or another, very soon.
However on some days ther has been a spate of trades late pm - we shall see.

[the stigologist] 25/11/2015 13:11

There's the Darscum flush


2,843,678 new Ordinary Shares have today been issued to Darwin pursuant to the conversion of CLNs at a price of 3.517 pence per share.

[tivoliworldgaming] 25/11/2015 12:49

Oxus has made me feel emotional over my horse win.
£200 from a £20 double and in all my bets today.
Why did I not think this is Oxus and I would of gone in big, lol.

[nick2412] 25/11/2015 12:41

limescale:-



Thanks for the response David and for confirming that you have just seen dore bars in the refinery rather than the Oxus/Uzbek contract and the Uzbek defence document.

The wording of you statements did rather suggest that you had access to more information than everyone else.

For example:

1. "The fact remains, Oxus did not get the financing in order and lost the concession as per contractual terms"

Use of the word "fact" is not appropriate.

2. "This is certainly addresed in the fine print of the concession contract"

How can you state this if you haven't seen the contract?

3. "it all comes down to the interpretation of this document, which i suspect will be subject to Uzbek or Soviet law."

How can you state this if you haven't seen the Uzbeks' defence?

To sum up, I'm not sure your hypothesis can be taken too seriously and could in fact be extremely misleading.

[nick2412] 25/11/2015 12:39

daviduzbek :-
I said i had seen the dore bars in the refinery, nothing else, nothing more.

I have not seen the contract and i very much doubt it's anywhere in the public domain.

Ditto Uzbek defence, but i think we can safely assume the lack of financing by Oxus is the reaon as this is what they used to remove the concession.

The very fact this has gone on for so long now, with no outcome or arbitration award, in my opinion, just shows both sides have a justified position that has led to this situation.

Who wins is anybody's guess, in my opinion, i think the lack of finance will weigh heavily against Oxus as the mine takeover was a direct consequence of this and was in breach of contractual terms, as i believe Oxus have already mentioned at the time, with no financing the concesion would be in jeopardy.

[nick2412] 25/11/2015 12:38

Limescale on another site has exposed daviduzbek as someone who tried to 'big up' his posts but, in reality, like the rest of us is relying on random guess work ...

limescale :-

daviduzbek - have you actually seen the "concession contract"?

You state "this (the financing) is certainly addresed in the fine print of the concession contract", which implies that you have actually seen it.

Is this "concession contract" in the public domain? If yes, perhaps you would like to share it with us.

Also, have you actually seen the Uzbek defence to the arbitration claims? You seem to be stating that their defence is based on Oxus's inability to raise the necessary financing for Amantaytau.

If the Uzbeks' defence is in the public domain perhaps you could share it with us also. If it's not publicly available perhaps you could let us know how you came to be aware of it's contents.

Finally, if you have access to the Uzbek's defence, can you share with us the reason for the Uzbek's withdrawing Oxus's rights to Khandiza.

To sum up, please share:

1. The concession contract between Oxus and the Uzbeks
2. Details of the Uzbek's defence to Oxus's arbitration claims
3. The reason for Khandiza being withdrawn from Oxus

[nick2412] 25/11/2015 12:36

Marmar, hopefully we will get a decision before Christmas. If not, I suspect Richard Shead might be asked to elaborate more specifically on his timescale projection. If not, we'll have to rely on fearless bloggers as mainstream magazines and TV investigative reporting seems to be mainly confined to Anne Robinson type figures highlighting faulty kettles!

[marmar80] 25/11/2015 12:29

Perhaps we Oxus fans should help our friends journalists :)

[marmar80] 25/11/2015 12:25

Nick, the game involves high profile people. Politicians don't like bad publicity. Let's hope some global magazine or TV produces report about Uzbekistan and say about Oxus troubles too. This can only help when we are fighting against rich people with long arms.

[kcowe] 25/11/2015 11:50

One thing .. when we have low to no volume trade days such as today .. Rab .. darwin sit tight.. not selling into. There is no rush to de risk , happy to do when days allow.can we read anything into this behaviour?

[riskier] 25/11/2015 11:45

As stated here often before, RS said at the 2015 AGM that he regretted making the 'end 2014' prediction and that he would not make the same mistake again. Either he has ('very near future') or he had some basis for his statement. Jury still out, if no news by end Nov then starts to look dodgy IMO. I still have one million reasons to remain hopeful.

[the stigologist] 25/11/2015 11:40

The Tribunal is a law unto themselves. Anybody who has had any dealing with lawyers etc know they have to go through their processes however long they take and it's just a coincidence they get paid more in the meantime :-p

[giant steps] 25/11/2015 11:31

Bungee cord timescale, guess at some point we will
reach either a breaking point or a huge slingshot.

[slong] 25/11/2015 11:27

What I really struggle to understand is why RS inserted the "very near future" comment, given that he regretted putting a timeline on the result back in 2014, why make the same mistake again? There of course are mumblings that he did this in order to get the CLN holders to accept the offer of shares in exchange for the CLN's, I personally do not think he could ever be taken seriously in the future if this was the case, so he must have had grounds to make the statement. however with each passing day his integrity seems to diminish, which is unfortunate because he cant publicly defend why he made the comments because of the confidentiality of the case. All we can do as holders is sit tight and wait, news will come, but be prepared that it may be longer than the timescales being banded around on BB's.

[nash81] 25/11/2015 11:25

guys

anybody watching WRES? massive RNS just out. CEO target 3p and share price now only 0.6p

[kun aguero1] 25/11/2015 11:04

Autumn statement will mean things will remain very quiet today.

[giant steps] 25/11/2015 11:04

mm80, one hopes they have kept away from the tricky boundaries and
remained focused on key questions such as did the regime fail to
protect Oxus under the BIT agreement.

[marmar80] 25/11/2015 10:52

Guys do you think is possible the court is waiting for the investigation against the regime to progress or key people to be jailed before the verdict is announced?

[wulber] 25/11/2015 10:46

As much as we know the 2012 valuation by E&Y and WAI, and assume we do get 1/3, what we don't know is how that top $1.25 bn figure has been amended to account for the last three years production and the profits therein.

[nick2412] 25/11/2015 10:06

rossannan, fair enough, I'd have been disappointed if you had changed your perspective. Obviously E&Y did rigorous analysis and their minimum claim is above your view that anyone who suggests an award above $500m is unrealistic. I just don't think we can pluck out any figure with any degree of confidence without knowing the detail of what the Uzbeks are countering with via Tim Hart and their team. We'll just have to see and hopefully the wait won't be too much longer.