Possible reason the Uzbeks could..23 Dec 2015 17:55
Take the mine back, when I found this information in my research I couldnt find the answer online and also people who I talk with about LSE/AIM investing. So I emailed the company.
i sent this on the 2nd of December just gone and no reply. This got me worried and on 16th I sold half my holdings. Then thankfully yesterday I sold almost my entire holdings in OXS bar only £400 as a COMPLETE gamble...here is my email to them. If anyone is interested. Seems to me OXS went behind the Uzbeks back because they couldnt get an FIA.....
Good evening, I hope all is well;
I am a shareholder in the company and am kindly seeking information in regards to why the conditional financing agreement was not passed and approved by the Chinese Government by the deadline of 31st December 2010.
Why did the Chinese government not approve the regulatory approvals for the condition financing agreement? Was this because the FIA was not inplace (which was origanlly required before the amendment from the Uzbekistan government)?
Are there any laws or regulations be it in a country, region or organisation, which could make it illegal/against the rules to amend the conditional financing agreement so that an FIA was not required from the Uzbekistan government for the financing agreement to proceed.
Or was there another reason as to why this did not go through and get the approval of the Chinese government.
I look forward to hearing back from you
Kind regards
Shane'