RNS
Number : 1080D
Oxus
Gold PLC
24
April 2013
Oxus Gold plc
("Oxus Gold" or "Company")
Holdings in Company
Oxus Gold announces that it was notified yesterday that the
shareholding in the Company of Mr A F Gibbons represents in excess of 7% of the
issued share capital of the Company.
Following acquisitions of ordinary shares in the Company on 22 April
2013, Mr Gibbons now holds 32,241,600 ordinary shares in Oxus Gold, which
represents 7.22% of the issued share capital of the Company.
Contacts:
|
Oxus Gold plc
Richard Shead, Chairman
|
Tel: +44 (0) 207 907 2000
|
|
SP Angel Corporate Finance LLP
Ewan Leggat/Laura Littley
|
Tel: +44 (0) 20 3463 2260
|
This information is provided by RNS
The company news service from
the London Stock Exchange
END
HOLUSARRORASUAR
Exceptional page with work from Fraser & you Ian; a class talent that's lacking on Bulletin Boards.
ReplyDeleteWith RUR having so much upside based on assets how can OXS & CHL have similar claims? I know you mention difference risk profiles between stocks; but in a 'perfect world' can CHL really be worth $2B/£1.35B and OXS £400/£255m...
Would be interested to hear views. Russell
Russell thank you for the comments. I work it out on a balance of probabilities with an aim to be in early enough to remove the risk from the company as soon as possible. I suppose like most investments but derisking earlier because of the nature of the legal elements. CHL for example, post the challenge of jurisdictional validity should start to change things.
ReplyDeleteA couple of issues with that as was mentioned previously about certain parties not understanding the legal process (Evil Kinevil) and clearly acknowledging some form of 'hope' and naivety on the process. The reason that CHL are bringing the claim is as a result of the breach of rights in the native country (Republic of Indonesia) and lack of protection. Likewise for the deliberate fraud (alleged) that has been committed. Investors seem unwilling to do research that's based totally on facts rather than hope value. I shouldn't complain, it enabled very attractive entry points in CHL, RUR & OXS that even post a crash would still pay handsomely.
Back to probability, it is in essence worked out on the merits of the case in full consideration of the BIT that was posted here. Do a tick box exercise to see what you come up with I'd be interested to hear your thoughts. The likelihood of assets being returned by the time it gets to International Arbitration in my view is minimal. Perhaps if people have other views they could explain them. I hope that explains it Russell, albeit with some tangent in there. Many thanks, Fraser