Oxus Gold Share Discussion Threads

[the stigologist] 02/12/2015 13:11

o/t CHL will probably lose, having followed it prior to the supposed expropriation I know it was a very low quality resource which required $1bn+ of financing to to production. Nowhere near a similar situation to OXS.

The last we had the tedious CHL vs OXS debate on here in mid August OXS was 2.5p and CHL 40p. Now OXS 3.35p and CHL 16p.

You can draw your own conclusion who has been right on that debate.

[papillon] 02/12/2015 13:10

For the sake of CHL shareholders, marmar80, I hope that the CHL forecast is more accurate than "before the end of 2014" and the "very near future". LOL.

PS. I've just had a small punt on CHL. My first punt on them.

[marmar80] 02/12/2015 12:52

O/t Churchill arbitration update today - most likely they will get the decision in a few months.

[marmar80] 02/12/2015 12:51

JAF, well done, thanks.

[marmar80] 02/12/2015 12:50

Anresu, agree. Strange that Oxus case is not popular in the articles. Perhaps there is some political pressure or journalists afraid to touch this topic.

[jaf1948] 02/12/2015 12:49

As I mentioned yesterday, I wrote to the Nomad and, as expected, haven't even received an acknowledgment. This is what I wrote:

In their half yearly report of September 30th 2015, Richard Shead stated 'The directors remain confident that the Arbitral Tribunal will, in the very near future, rule in the Group's favour...' . As your company is the Nomad for Oxus, you would have had to approve the wording before it was published. However, it is evident, 62 days after the publication, that nothing has occurred in the 'very near future' which is now long gone. My question, therefore, is can you please explain why such a phrase was used which has clearly ........... investors.

If anyone else wants to have a go, please try. You'll find the email address on the net under share price Angel

Edit: I have taken out one word in case people feel it was libellous.

[papillon] 02/12/2015 12:45

GS. OXS are required to update shareholders by RNS when something material has happened (for example annual results) or something material is about to happen (such as a definite date being given for arbitration verdict); they are NOT required to issue an RNS to reassure shareholders. Especially since some shareholders would require a reassurance RNS to be issued every day!!

[anresu] 02/12/2015 12:43

It is odd that "an essential tool for companies active in Uzbek mining and for new competitors considering entering the industry" does not mention the OXus case.

[marmar80] 02/12/2015 12:33

Bribery probe accuses Gulnara Karimova, daughter of Uzbekistan's President in awarding telecom contracts
By Bloomberg | 1 Dec, 2015

[marmar80] 02/12/2015 12:32

Research and Markets: Precious Metals Mining in Uzbekistan 2015-2020 - A Focus on the Gold Industry

[slong] 02/12/2015 12:28

GS the company cant really RNS anything, we are still expecting the outcome in the very near future, which by it very nature is an open ended statement. They will of course RNS anything that they know of that is material and price sensitive, for example if they are given an exact date for the outcome, or a definate indication of a success or failure.

[giant steps] 02/12/2015 12:23

All that is required is an RNS to update shareholders that Oxus management
understands the frustration in waiting for fair compensation but can assure
all aspects are going to plan.

edit:
an update to market would certainly reduce the responses expected by
PIs when phoning the office

[papillon] 02/12/2015 12:15

As shareholders (some big and some small) we only have 3 options available to us:

a) Stay patient, keep holding and tough out the wait. A verdict is almost certainly guaranteed to come sometime within the next 12 months. It could come tomorrow, before the end of this year, or sometime during 2016.

b) Take advantage of the share price fall from October highs and buy more OXS shares.

c) Get fed up with the waiting, sell up and put the resulting cash proceeds to another use.

I'm sticking with a)

PS. It's a waste of time phoning RS. It's obvious to me he hasn't been given a definite date by the President of the arbitration panel, like RUR were, because if he had he would have been required to issue an RNS informing shareholders of the date as required by AIM rules and regulations. He was obviously advised that the decision was in the "very near future". Looks as though that was not case and for whatever reason it's taking longer for a decision to reached. Nothing we, as ignorant PI's, can do about it.

[apfindley] 02/12/2015 12:14

Lol all this talk and only £3k traded.Zzz back to sleep

[skidaddle] 02/12/2015 12:04

The Uz would only negotiate if they have been advised to do so by their advisory team. As I understand it there is a time limit on negotiations to stop things dragging on ad infinitum.

Saving face on the world market should not come cheap if you have been very naughty imho.

[bobtheslob] 02/12/2015 11:54

KA - my personal opinion is that negotiations are proceeding with a view to the Uz saving face.After all they trying to promote foreign investment so I think its in their interests to keep this as low key as possible.

[skidaddle] 02/12/2015 11:52

If I were RS, I would be "hacked off" with my advisors, who are almost a year out now on their original predictions for a result.

Let's hope that they are better at predicting what the result will be, as one asumes that it is Calunius who are advising and who also have skin in the game requiring a positive result to benefit.

[kun aguero1] 02/12/2015 11:47

incredible the reasons everybody is finding for the light selling(leave out the major sellers we know about)

Peeps always sell before Christmas, not everybody has more spare cash than what they have invested to cushion the blow of Christmas costs.

The selling is temporary. imho.

[bobtheslob] 02/12/2015 11:45

Called the office today - Spoke to a SA chap presumably RS. I get the impression that he is getting hacked off answering the phone to investors.Basically told nothing new to communicate that wasn't already out in the public domain in the RNS

[skidaddle] 02/12/2015 11:42

"very near future" and "how long is a piece of string", have now become interchangeable as both are meaningless imho.

The chart is also either going to go straight up or straight down at some point. All other chart chat is also meaningless. Again imho.

[slong] 02/12/2015 11:36

This continues to drop on small volumes, I imagine a few PI's are exiting due to the very near future not being so near! no need to panic, the decision will come, maybe days, weeks or months, but it will come.

[giant steps] 02/12/2015 08:42

Good morning maytrees

[malctim70] 02/12/2015 08:37

Looks more like a pregnant Sea Horse....