Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Ok so there we have it we now wait until March 2019 for the hearing and maybe by end of 2019 a judgement and adjudication. Maybe Churchill we get there first after all
the phoenix is about to rise........
Make of this what you will. I've spoken with BDO today ... I've been told it was a positive outcome when pressing the guy who said a statement was being prepared for release on their site
Is fast approaching... the setting aside procedure through the French courts will be upon us before we know it... "A decision from the Paris Court of Appeals is not expected until at least early/mid 2018" Maybe there will be some good news for us all in the coming months... a happy ending perhaps! :)
When can this be written off as a tax loss
can the administrator take more? they already have there fees which have been over 100k-not bad for a years admin work! It did say in the administrators report that there could be a return if a bigger award is achieved in a subsequent arbitration-should we get to that stage i hope they use the dissenting opinion of M lalonde, talked of 50%)
It was not immediately apparent whether Karimova was involved in any companies in Malta, according to this newspaper's research. Karimova is also being investigated on charges of fraud, evading customs and foreign exchange regulations, and money laundering, and was in custody pending a trial. In addition to the private jet located in Malta, Uzebekistan is also seeking to freeze: In Switzerland: US$777.8 million in cash and a villa in Coloni worth 18.5 million Swiss francs; In Sweden: US$ 30 million in cash; In the UK: GBP4.2 million and homes, apartments and villas worth GBP22.9 million; In France: Apartments in Paris, a chateau in Santoré and villas worth a total of €52.5 million; In Latvia: Cash and securities of US$16.5 million and an entertainment center in Riga worth €9 million; In Ireland: Cash and securities worth US$300 million; In Germany: €2 million in cash; In Russia: US$ 6 million in cash, a Moscow penthouse, a mansion and eight apartments in Rublyovka, a hotel complex, a house and a plot of land worth $2 million. In Hong Kong: US$67 million in cash, and a penthouse worth US$ 15 million; In the United Arab Emirates: $32 million in cash, gold and gold certificates worth US$31.5 million, a penthouse, two villas, and two hotel complexes in Dubai with a total value of US$ 67.4 million. $300 Million in Ireland !!!
I think its a good sign that Administration has been extended, they must be hopeful of some return if they are to be paid, I just hope its not all about payment for them and the Lawyers on "a no win no fee basis". leaving long suffering shareholders with nothing. Geopolitics certainly at play, plus with the true extent of the Karomovs asset stripping and criminal activity now truly in the spotlight this should help our appeal going forward. This has been a nightmare for many decent people we need some form of justice here. GL all.
Because administration has been extended until 26 January 2019, see link;- https://www.bdo.co.uk/getattachment/Insights/Advisory/Business-Restructuring/Oxus-Gold-Plc-%E2%80%93-In-Administration/Creditor-Notice.pdf.aspx?lang=en-GB You are correct in saying, a decision from the Paris Court of Appeals is not expected until at least early/mid 2018. BW
wraith why 2019? the appeal is suppose to finished by mid 2018(according to the administrator)
Neither have I given up on Justice being served here at OXUS,...do not look on here very often at present, will take more interest as we get closer to 2019. BW
I still live in hope. However long it takes. Until we are told otherwise. It was the comment of " extremely confident" in the RNS that led me along the path to stay in OXS. But now we know what was going on in the background, We can only wait and see what the future holds. All the best to everyone.
Here is the link: http://www.telegraph.co.uk/news/2017/07/28/uzbekistan-confirms-holds-ex-presidents-daughter-custody/ Geopolitical agenda has been served here, not Justice (imo), link I put up last year: https://www.theguardian.com/world/2015/nov/01/john-kerry-uzbekistan-islam-karimov-central-asia-human-rights "Diplomat meets president Islam Karimov and officials from other central Asian countries as US seeks to deepen ties in region amid concerns over Russia" The Partially Dissenting Opinion, gives me hope, that some sort of justice will eventually be served here, with the current appeal, & us OXUS shareholders that have been so badly served by the Justice system, are fairly compensated. https://www.italaw.com/sites/default/files/case-documents/italaw7239_0.pdf Have a few £k's locked in OXUS myself. BW
looks like oxus shareholders might get their company back..telegraph article..heres an exert from it..ive got £2.5k sitting dormant in my stockbroker account plus a spread bet,be nice to get a 100 bagger if it relists "Under the control and assistance of Karimova G. members of an organised crime group committed a number of crimes between 2001 and 2013," the statement said. It then listed, at length, these crimes, which included stealing companies and property, taking kickbacks and avoiding tax. That statement also recorded something of Ms Karimova’s geographical footprint with property and bank accounts across Russia, Europe, Hong Kong and Dubai.
the way this is going chl will have there appeal done and dusted before we even start proceedings.. i wonder how long the french courts will take to come to there decision after the hearing takes place?
Hi, Anyone watching CHL appeal etc. I know it is completely different to this but do any of these things affect others because of setting a precedent? Curious to see if there is any faint hope of getting anything back.
mariog,...I would be surprised, if Richard Shead, was not keeping an eye on this board. He has had an inside seat, as to what has gone on here at OXUS, & was probably more shocked than any of us, with the current arbitration outcome. BW
all is not lost. (page 3) https://www.bdo.co.uk/getattachment/Insights/Advisory/Business-Restructuring/Oxus-Gold-Plc-%E2%80%93-In-Administration/Administration_Progress_Report_-_8_December_2016.pdf.aspx?lang=en-GB
Trading Oxus share certificates in current situation is not as stupid idea as some would think. Very risky for a buyer and for a seller too. Interesting idea. Have you thought about the price for these 100k? Not that I'll buy, cause I have many uncertified sitting as delisted on my account, but curious.
Those little c**ts! And there's nothing we can do about it. Been inactive in shares directly since the listing went into administration and I've enjoyed the risk free world of premium bonds instead. However, I've recently received a decent sum of money from a sharesave scheme (basically options) and am looking at investing in the markets again. Perhaps won't have such a lop-sided portfolio this time around haha. Anyway, it got me thinking, assuming it's possible - and I don't see why it wouldn't be - if I were to get a certificate from my broker along with a transfer form, would anybody be interested in buying my shares? I have 100k, obviously price would be negotiable.
Are you in contact with any of the Oxus Gold directors? Maybe the information about reopening the mine could add some value to the appeal?
This is going to the paris appeal courts the equivalent to our high court not back to Unicitral or Icsid (at this stage anyway)so don't make so many assumption when none of us know what the appeal is based on.. Uzbekistan hardly gets glowing reviews when it comes to things like corruption.If the decsion gets reversed you guys won't have much to worry since you don't really have a position...
No chance! I only had some "free" shares invested in this myself ...luckily.....but I know some had thousands. The site is worth many, many millions and oxs had 50%. 70 tons of gold? How much would Oxs be worth today? Some estimates suggested well over 2 pounds per share if the company was operating this mine. Should have been one of the biggest resource winners in history rather than one of the biggest frauds.
What happened here guys I thought this was going to be huge.
There is still a chance justice can be done, not a big chance but we are not dead yet GLA