Results coming soon +..5 Nov 2015 12:53
$5m potential offer coming our way
$6.3m cash (£4m) as at 30 June 2015 and only 183m shares in issue.
£4m/183m = 2.1p based on cash value alone
$13m existing other assets
The Potential Buyers have the option to purchase the Akdjol-Tokhtazan Project at any time on or before the 31 December 2015 for a consideration of US$5.0 million.
As at June 30, 2015 the Company had cash and cash equivalents of $6.3 million and estimates to have sufficient working capital to fund it exploration and administration obligations for the next 12 months.
July 2015 - Metal Tiger PLC ("Metal Tiger"), was interested in 5,500,000 of the common shares of no par value of the Company representing a 3.01% interest in OSU.
Results expected mid November 2015
Currently well undervalued!!