Oxus Gold Share Discussion Threads

[marmar80] 28/11/2015 15:32

RAB RNS 27/11/2015 in details:

On 27 September 2013, the Board announced that given the poor performance of the Company, and in line with many other closed ended investment companies, the Board believed that Shareholders should be given an opportunity to vote on the future of the Company, and would put forward proposals to shareholders at the end of 2015 to enable Shareholders to vote on the life of the Company.

In the 27 September 2013 announcement, the Board made the following statement "...The Board is acutely aware that the NAV and share price of the Company have not performed well in recent years. The Board acknowledges that this has been a difficult period for companies in which the Master Fund has made the majority of its investments, principally being small and medium sized natural resources companies..."

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If Resolution 1 is passed then the Company will continue in existence and operate under its current investing policy, and the results of Resolution 2 will be disregarded.

If Resolution 1 is not passed, and Resolution 2 is passed, then the Directors will work with its advisers with a view to putting proposals to Shareholders to return cash to Shareholders, delist from AIM and wind up the Company, following realisation of the Existing Investment.

If both Resolution 1 and Resolution 2 are not passed, then the Company will not serve notice on the Master Fund to redeem its Existing Investment, and the Directors will work with its advisers to put alternative proposals to Shareholders.

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Shareholders should note that the Board has received email indications from persons, from or on behalf of Shareholders, representing approximately 48.5 per cent. of the Ordinary Shares of the Company that they intend to vote against Resolution 1.

Furthermore, RAB Capital Holdings Limited (the holding company of RAB Capital Limited who hold now hold the beneficial title to the relevant shares as a result of a reorganisation of group assets) and Philip Richards (being persons who together in aggregate hold shares representing approximately 27.2 per cent. of the voting rights of the issued share capital of the Company) have indicated that they will abstain from voting on Resolution 1 and 2, and would not vote against any subsequent Liquidation Resolution.

[weegeordie] 28/11/2015 14:20

A bit like the old Chinese proverb "man must wait a long time with his mouth open before a duck flies into it "!

[wulber] 28/11/2015 14:06

Patience chaps, all good things come to those that wait!

[weegeordie] 28/11/2015 13:48

Nick. Yes. In a hurry earlier!!

[nick2412] 28/11/2015 13:44

weegeordie, OXS are not doing any presentations. I think you might be getting confused with the CHL one next week.

Certainly we all want to hear and probably no more so than RS. I've got no doubt he has had guidance and used 'very near future' in good faith so let's not be too harsh. One or two have already spoken to RW and his definition of very near future is, apparently, a couple of months. That takes things to the end of November. Judging by the CHL process, ICSID arbtrations do seem to be more informative and transparent in the reporting of developments compared to UNCITRAL proceedings.

[pug151] 28/11/2015 11:59

Going where?

[festario] 28/11/2015 11:56

So much rubbish being posted here. Leave Mr Shead to do his job. These things take time, stop embarrassing yourselves.

[weegeordie] 28/11/2015 11:41

That would give him loads of wriggle room - I would screw him down on "very near future" and why did he give that guidance given his "by end 2014" comment was so far out.
Since more than one poster is going perhaps, between you, you could do a good cop, bad cop routine.
WG

[pug151] 28/11/2015 09:55

So a question for RS not could you define 'very near ' but rather what is your expectation of the release process?

[pug151] 28/11/2015 09:52

RUR RNS HISTORY
20/12/13 decision before end jan 2014
22/1/14 confirmed end jan
31/1/14 decision released after hours.
RUR were given
5 weeks warning of a specific date with no suspension. Perhaps we too can expect a RNS before the final decision RNS giving a specific date.I can't see how this would affect confidentiality or be against the interests of either party.

[marmar80] 28/11/2015 09:46

Can you see our drill there? ;)

[78steve] 28/11/2015 09:32

News before xmas ;)

[riskier] 28/11/2015 09:18

Still guessing Monday...

[wulber] 28/11/2015 09:15

Always thought Nov / Dec for news.Time will tell.

[luckyman3] 28/11/2015 07:54

I hope next week will be more interesting.
Getting closer to the 'very near future" every day that goes by.
I still expect news before xmas.

[glibgibon] 28/11/2015 03:07

29031 - kudos apf.

Must admit I missed that in my browsing the board. Glad you're on top of this. Allows me to concentrate on more important things like zzzz...

[apfindley] 28/11/2015 01:43

Nico.You can find it on google earthLocate zarafshan town and we're just south south west .Theres two open pit mines within 10k of eachother. The one to the left is operational, the one to the right of that is amantaytau..

[apfindley] 28/11/2015 01:39

Yes great link Glib - surprisingly similar to the the exact one i posted the previous day.Lol

[glibgibon] 27/11/2015 23:56

I couldn't see anything different other than a few missing trucks - and we've no idea of who they may belong to - possibly even the gardener.

Does anyone know if Ivan has a gardening business?

[pennyfalls] 27/11/2015 23:49

Cheers Glibgibon..
Doesn't look like any activity in the open pits at all to me..

[papillon] 27/11/2015 23:31

Many thanks for that link, Glibgibon.

[glibgibon] 27/11/2015 23:14

Looks like this site uses Google maps from 2013


Looks to be a few cars/trucks parked near some buildings, but can't see anything else. On Bing maps, there seem to be a few extra trucks parked around that are not on the Google map - no idea of the date of the Bing map though.

Hard to see any activity at all, so still no nearer an answer.

[papillon] 27/11/2015 22:06

We're addicted to gambling on shares, wide boy. We should set up AA (AIMs anonymous) for fellow addicts!! LOL.

If we do win big I have my eyes on a few stocks, but FRR isn't one of them. I held it a few years ago and made a small amount of money when I sold it, but as far as I'm concerned it's a bargepole stock.

Fingers crossed OXS get a big win. ATB

[jackington] 27/11/2015 22:02

Nicobellic...try the following:

Amantaytau is located 35km south of Zarafshan - you can see it on google earth. The link below shows its relative location in Uzbekistan on the Oxus Gold website:

hxxp://www.oxusgold.co.uk/agf-map.asp