The liquidity (or lack of) in International Arbitration companies; Oxus Plc, Churchill Mining and Rurelec must now be at an all time low. Dipping the toe in for more in Oxus [May 21,13] created a spike and it shows the dangers for trawling for stock rather than buying over the time-frames of the arb claim.
Those that have actively managed their holdings should have paid significantly less on average with a decent position including derisked amounts along the way. Seems the CFD availability is limited to around 0.24% for Oxus currently and 0.95% Churchill (of issued stock)
There has been a number of questions regarding how to rate International Arbitration stocks in terms of likely settlement. I'll perhaps discuss this in greater depth on a plane whilst affording myself the luxury of a short break.
Ones to watch are those with possible International Arbitration issues or similar type risks such as Centamin Egypt (LSE: CEY) and Circle Oil (LSE: COP) due to the Egyptian issues; in the event of expropriation of assets it could prove very opportunistic as the panicked / leveraged sellers are forced to close positions in the event of news. CEY is one certainly to follow as things progress in light of their 'mining license' issues which are currently being disputed scheduled for a hearing on June 19, 2013 Egyptian Legal Proceedings Update (Investegate RNS Egyptian Legal Proceedings Update May 10, 2013)
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