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Marv - I still belive in the cause and won't be selling any. Just fed up of being misdirected by whomever the information is coming from.
Orient - I didn't reply because the answer to your question is already in discussion... read my last 5 or so posts...
Not a legal binding agreement no, but if you take someone at face value and they let you down then your trust starts to diminish. I know he's more long suffering than all of us here but I am entitled to my opinion, as you are yours. We are all different and isn't variety the spice of life? I may moan but I certainly won't be selling any after this long. It's do or die. Fortunately for me most of my investments are main market and Oxus only takes up around 20% (probably too high) so it won't destroy me either way, it could however buy me that yacht I've been looking at ;)
Lselee: I am still awaiting a reply to my post of 12.56. To say that someone made a mistake is one thing but to use the word 'misled' is quite another unless you have evidence of deliberate intention to deceive.
Cam - just my opinion mate. I know people wouldn't want to receive an RNS stating there's been a delay but personally I would prefer that. At least then I can stop checking and get on with it. If the price drops so be it, if we are all here for the end game does it really matter? If Shead hadn't said anything then I wouldn't be frustrated. Let's hope the big one lands by the end of the week then ill shut my mouth lol
We are all frustrated, and Lselee, I take your point. If RS told you, as a shareholder, that his version of very near future, was at the very worst end of November, then I agree - he should have had a very good reason to make that statement. Let's give him the benefit of the doubt. There's still 6 days left in November. Im sure he will be expecting your call at the end of the month. There's nothing to suggest that the RNS couldn't land at any time.
oh and RS hasn't given a timescale, he has said very near future. Depending on what you want that to mean it could be 1 minute to 1 year. If you class talking to you on the phone (alledgedly) and saying it could be days, 1 week, 1 month 2 months to be releasing a deffinative legally binding timescale then you need your bumps feeling.
Not a placing that needed a ramp to get away, what are you suggesting that each month RS is going to ramp with a bit of BS to get the 100K CLN's away at a better price? Is he raising money at random at cost to pi's ?? If you think we have won then hold, if you think we have lost sell. If you are impatient and or want the money for something else then sell and hope to get back in before result. Pay your money, take your chance.
Skoda driver - There has not been a placing? I take it you are just being pedantic and not just a total idiot? If it's the former perhaps you should read the RNS dated 6th October... "The first Placing of £100,000 Loan Notes has occurred today and 190,476 Warrants have been issued, exercisable at 5.25 pence over the next five years". Shead's words not mine. If you are getting at the fact they're convertible loan notes then what happens to these? Oh yes they're placed on to the market. If you didn't know about the Darwin agreement then praise the Lord! Laughable? Really? I take it you haven't invested much in AIM? It's actually a regular occurrence and if you think otherwise then I suggest your naivety is not suited to this market. Timescales should NOT be taken with a pinch of salt. RS has a duty and legal obligation to only release factual information to shareholders. To do it once (end 2014) is forgivable or an oversight but twice is a little more than coincidence. If he doesn't know he shouldn't say anything. If he does then he should notify the market and if that doesn't materialise then he has a duty to explain his actions.
rollover
Showing on isdx A sign of confidence.
there as not been a placing. RS ramping the share as you suggest to get a month of Darwin at a slightly less dilution is laughable and the RAB payback was already at a discount from 12 to 8p. Do you honestly think the convo went like this: RS: tell you what RAB take your debt at 8p instead of 12p and I will try and bs pi's into keeping the sp at 4p?? Any `time scale given as to be taken with a pinch of salt imo because we know Lamm will use every tactic in the book to delay or reduce the outcome in the hope oxs will eventually go bust.
Lselee: Use of the word 'misled' directly questions RS's integrity. Can you explain what you believe he was trying to achieve by such deception so that the bb can discuss whether you are on the right track or not. Jeremiah: I stand corrected. Apologies.
I would be surprised considering what happened the last time that he would give a timeframe without being quite sure about it, I figure end of this month, and I give them a week max two weeks due to the Paris attack. So basically I think a fair deadline is 11th December but I expect it sooner. GLA
It was on the 6th of October when the RNS for new funding was released. I called him and asked basically whether the term 'very near future' was used to pump the price in order to get the placing away. Of course that was met with anger by Shead and he threatened me with lawyers in a subtle way. I then asked for his definition of what is meant by 'very near future' and he said, could be 2 weeks, could be a month or even 2 months' were his exact words. As this was in relation to the half year report on the last day of September then this would take us upto the last day of November, or Monday. He did come across as genuine at the time and I honestly believed him. However, that time is fast approaching....
Hi lselee, Out of curiosity when was that? Has the 2 months lapsed? Thanks
Why Vlad because one person said I shouldn't be saying things like that on here? And that one person is the voice of the entire board? There are lots of people I know invested here who believe he has done just that. I spoke to RS and in his own words he said up to 2 months so I will reserve my own judgement thanks buddy.
Sorry Iselee, I think you have your answer, and that the people here do not believe that RS has misled us. If you look back on the whole history of the arbitration, you would have to agree that the definition of "very near future" still has some time to run. If he has been given information by a reliable source, perhaps the arbiters themselves, then he has still not misled us. I personally think that the time taken by the Arbiters has been excessive, but I am not in the profession, so cannot make a judgement which I would publicise with a firm opinion. When I look at the Iraq report, I think we are doing pretty well in comparison, if we have the report out this year. But, I remain hopeful of a report pretty soon, and in our favour.
looking back at this statement.....says to me "where are we now" frustrated...can we be that close, as it says "result expected during 2014" Calendar A procedural calendar for the remainder of the arbitration proceedings has been established by the Tribunal. Confidentiality obligations of the arbitration do not allow Oxus Gold to disclose the procedural calendar but the Company can confirm that the hearing will be held and the decision of the Tribunal is expected during 2014. Shareholders will continue to be advised, subject to confidentiality obligations, of any further material developments in respect of the arbitration as and when they occur. Richard Shead, Chairman of Oxus Gold, commented: "I understand shareholders' frustration at the lack of information being provided to them as a result of the confidentiality obligations of the arbitration. However, I can confirm proceedings are progressing as expected and the Board of Oxus Gold remains positive that shareholders will be appropriately compensated for the blatant expropriation of the Company's mineral rights in Uzbekistan."
Calunius are not our lawyers. They are merely funders who paid the legal costs of our lawyers, Derains and Gharavi.
Not sure you should be talking about RS 'misleading' the market. From what we can understand RS was given this info by Calinus from the arbitrators and passed it on in good faith. Whatever, I, for one, am sticking by my trust in RS for reasons that we have gone into before on so many occasions.
HH - this happens a lot on OXS. It'll probably be back at 4p later...
A complete ****take. The whole process needs bringing into the 21st Century.
Strange sudden price drop. Is there to be a large delayed sell trade, or are the MM's just trying to scare out sellers to harvest shares for a buy order on their book ?
And then til end of Jan, and then Q1 2016? Where does it end? Very near future by Shead's own definition is anything up to 2 months given the circumstances. I think if nothing comes then he needs to let shareholders know why?