Kyrgyzstan starts sale of disputed gold deposit As reminded to me today by CN, appreciated! Found here: Oxus Plc Final Results for the year ended 31 December 2011 please look under 36. Contingent asset...quoted below
"In May 2007 the Group disposed of its interests in Kyrgyzstan (the Jerooy project), Turkey and Romania to KazakhGold Group Limited. KazakhGold is contracted to pay additional consideration of up to $80 million conditional upon KazakhGold or a nominee acquiring a licence to mine, or acquiring a Company or entity that has the benefit of a license to mine, the Jerooy deposit and commencing development or production at this site. No amounts have been recognised in these financial statements for this contingent asset. There have been no changes to this position known to the Company."
Unlikely to be recovered any time soon in my view, however potential upside, say 3 years down the road?
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