Good Evening, been a very long run since May/June whereby both Fraser and I have been overwhelmed with work.
Jurisdictional Update from CHL 24 May 2013 - seems nothing further has progressed for CHL in terms of Jurisdictional Dispute however, Indonesia is still suffering the anti-competitive nature of the policies and this will continue until they change the 5% rules on contracts whether oil PSC's or similar; whereby if an Indo company is within 5% of the tender but higher than the foreign investor, they will automatically be granted it.
Oxus really aren't any further forward since their results, albeit progress is no doubt being made with the case it's a painful one in terms of investors that are 'all in' Preliminary Results 17 May 2013 and likewise the ever (never) diluting SEDA/EFA (Equity Funding Arrangement 24 July 2013 is doing them no favours at 100K roughly a month. This with CHL, with the exception of spikes etc...monthly buying is the best way forward over the longer term.
Rurelec appears to be progressing very well. Rurelec Appoints BICE for Santiago Secondary Listing 12th July 2013 this should prove very positive for the AIM holders, albeit who's going to be selling at the current share price.
Overall very quiet, but that's expected of International Arbitration, certainly Evil's short paying well for hime or thereabouts...
thanks for that. do you see RUR providing more value in the shorter term than CHL oxs
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