Firering Strategic Minerals: From explorer to producer. Watch the video here.
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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.
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%)
TO ALL CREDITORS & SHAREHOLDERS OXUS GOLD PLC (�THE COMPANY�) - IN ADMINISTRATION STATEMENT We refer to the decision of the Paris Court of Appeal (�the Court�) of 31 October 2017. This decision dismisses Uzbekistan�s appeal against the Court Order of 19 January 2017 which rejected Uzbekistan�s admissibility objection against the Company�s Partial Annulment Application and confirms that Order. The Court also ordered Uzbekistan to pay EUR 8,000 of costs on the basis of Article 700 of the French Code of Civil Procedure. The Court has now set a timetable for submissions on the merits of the Company�s Partial Annulment Application and has also set the hearing date for 26 March 2019. The Administrators had hoped to obtain an earlier date for the hearing, but this degree of delay is not unusual in the Court. However, we are pleased that Uzbekistan�s technical objections to the admissibility of the Company�s Partial Annulment Application have been dismissed in their entirety and that the proceedings on the partial annulment of the Award may now proceed. Following the hearing on the merits of the Company�s Partial Annulment Application, we would expect a final decision to be issued by the Court in mid to late 2019, which is later than we had been anticipating. We regret that no further information can be given at this stage regarding these proceedings. This statement is dated 15 November 2017 and is given by: Oxus Gold Plc � In Administration Acting by its Administrators as its agents and without personal liability
Been catching up here at OXUS,......just read that statement bbr391, in below link, dated 15 November 2017;- https://www.bdo.co.uk/getmedia/11afd2dd-1585-4938-8725-61c0616a2f3f/Update-to-all-parties-15-November-2017.pdf.aspx We now have a firm date, extract from link above;-"The Court has now set a timetable for submissions on the merits of the Company�s Partial Annulment Application and has also set the hearing date for 26 March 2019." Case update link: Oxus Gold Plc � In Administration 21 November 2017 https://www.bdo.co.uk/en-gb/oxus-gold-plc BW