I play the premium bonds, rather than the lottery. Statistically, bizarrely I think the lottery has better odds. Certainly losing your stake money is guaranteed. Though if you max your holdings I think it's a strong play.
Thanks for all comments negative and positive about OXUS case. Its always good to focus on both sides.
p.s matstar - you wouldn't be saying what you are, if oxus does hit high and pays off as a gamble-name of the game, its a gamble right!, but then I guess you would still be sat watching 'rise of the guardians'. lol
Pipetester - retirement project varies as johng stated, you wont be calling us fools if we are sat on a big win this time next year, and again I have only invested what I can afford to lose mate. I suppose anyone investing in any share can be classed as a fool as there is never a guarantee. would you class buying a lottery ticket as a fools job?, probably not if the ticket holder won.
Great to get intelligence from people on the ground. With "Our Man in Uzbekistan" aka VladLenin, The Oxus Pi Intelligence Network In Our Names (lets call it "OPINION"for short) regional coverage is spreading nicely.
Quote from my favourite cartoon and central to my master plan. "Pinky: Gee, Brain, what do you want to do tonight? Brain: The same thing we do every night, Pinky - try to take over the world!" http://www.youtube.com/watch?v=d5TU8o6TvNk
On an actual sensible note
Now we need an operative in Switzerland to keep an eye on that ZeroMax liquidation. The ownership of those unaccounted for 58m shares (i.e. 14% odd voting rights), could be significant if an EGM vote on a negotiated settlement ever arose. Has anyone got any Swiss legal contacts?
I tried to find the Articles of Association on the Oxus website (but failed, which is odd because I'm sure I've seen it). That would dictate what quorum and % of votes would required to pass a resolution at an EGM. Can anyone point me to it as it must be there somewhere? NB. that if you dont have a Crest account, or trade through your SIPP, then your shares will be in Nominee account in you brokers name on the share register. This makes voting and actually attending AGM/EGM a little difficult. You can overcome this partially through giving your voting intentions to your broker, though not all do this .. Luckily I trade through iii and have successfully proxy voted via 5 minute phone call. Alternatively you can request physical share certificates (2-3 week process), which additionaly would get you into the AGM/EGM At which you either need to be named on the Share Register and have ID, or you are carry the share certs.
Apologies, If i'm teaching you how to suck eggs, but I only learnt this last spring. (and some of you may be as green as me)
Ok .. back to the plot .... I've got Chiswick(london) covered, but the many Coffee Shops of Chiswick (frankly every 50 yards), aren't quite as rich as those in Tashkent in terms of Oxus intel. Though through overheard snippets of yummy-mummy chat, I could give a lively update on the local swinger scene. :)
Enjoy the rest of your weekend everyone. Breaking reporting from OMIC : "The sun is out!", I repeat "The sun is out!"
There isn't one. The Arbitration process is completely independent.
US/UK foot print in Afghan can extract without the Uzbeks. Logistics is the name of the game in Afghan, most of the supplies come in through Pakistan or Kazakhstan (certainly for Fuel), the USA is funding the Pakistan army massively.Anything sensitive will be flown home or stopped off in Qatar/Kuwait etc
Most of the equipment from the Iraq conflict was sold to the Iraqi's including Abrams tanks, I can see the same happening in Afghan although to a much smaller degree, Not to mention most of the USA/UK military forces are in the south/South West of Afghanistan. They won't drag them north through bandit country.
Agreed, however what it takes for one person to retire is not the same as another. I have invested £10k, purely from my salary and Bonus earned from December,And might add a few more shares if we continue along the same trend of Darwin,Gibbons and Shead buying too.
I can retire from Kabul if Oxus blows 20p plus, will I....... not sure.If we get to the dizzy heights of 60p , then that is a different matter. Will it? Know one knows.
versus the independence of the arbitration process.
I also feel that the legal process will be fair and unbiased, however could there be pressure from our own govt to accept any reasonable offer before the process completes? By reasonable, I mean something still in excess of $200m. I think something along those lines may be the best realistic outcome. The Uzbeks will be onside and pay up without fuss and they'll also save face, others will be encouraged to invest there, the army will withdraw unhindered, we'll moan a bit beforehand but break out in smiles as the bird lands in the hand early and our 'punts' multiply 6 or 7 fold.
a huge amount of interesting posts during the past few days, back in time for a 40 page presentation on oxus gold, use it for other companies if you wish , for oxus's side it's good to recap on what they have achieved and at the time the forward looking picture, "hope April is warmer so we can release our frozen assets" , evening all as Dixon used to say....the link...
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