Nervousrex
21 Oct 2015
Re: Of interest Not enough volume IMO . I expected a bigger drop in SP , I'm expecting it to drop soon . Not sure I got it right this time . Time will tell , cash ready and waiting .
indaknow
21 Oct 2015
Re: Of interest Start? They'll have been forward selling since confirming the CLNs. Imo
Nervousrex
21 Oct 2015
Of interest Should get 2 holdings notifications tomorrow , RAB and Trident . Will they start selling ?
the old trout
21 Oct 2015
Re: RNS - hmmm interesting Looks like Evil Knievil was partly responsible for Friday's rise:[link]
myepic
20 Oct 2015
Re: RNS - more fees taken as shares MMMM..., may be a good sign or may be that there really wasn't anything else to take fees as!Closing price maybe reflects share dilution , it will be interesting to see the result , I was in OXS way back when all was well , dropped out about even kept an eye then stepped back in when it looked like Chinese backing might get it all on the roll again - around 11p I think - decided to just let it roll when it all went south again - its been worth it to have a "ringside" seat in the whole circus! If they get an award that gets me out again I will be happy , of course actually getting paid once they get the award could be another whole saga! I did wonder if getting given the mine back with all rights then flogging it to the Chinese could work out optimally
Brookie Boy
19 Oct 2015
Re: RNS - more fees taken as shares I agree. Closing auction price looks a bit sick though (3.85p?) but confident that we will know the legal outcome in 20-odd days, and likewise that it will be a good decision for OXS. If that occurs then I don't think we will see 40p+, but will see a significant multiple of today's SP for certain.
GENG
19 Oct 2015
RNS - more fees taken as shares They must surely have an idea the outcome is positive - especially just after the "very soon" announcement.
Gold or Silver
17 Oct 2015
Of no interest [link] And May
roverbill
16 Oct 2015
Re: RNS - hmmm interesting Some seem to approve up 8.5 %
Stonefold
16 Oct 2015
Re: RNS - hmmm interesting So looks like there was little chance of having $12m cash available (or the option to fund raise it at better terms) in time for the old CLN repayment date. That rules out the CLN repayment option. To me that implies a while to go before an award is declared. If RAB and Trident had stuck to the old CLN terms (ignoring the interest part) they would have converted their combined debt of $12m at the rate of 12p which would be about 65,359,477 shares which they could then sell at anytime.As they have agreed today they will exchange the $12m debt at the rate of 8p for 98,039,213 shares which they can sell from 22-10-2015 onwards.If they are confident that they will be in a position to sell their shares at a price that will give them their $12m back they will wait until the shareprice is over 8p.If they are not confident, they could from today start forward selling 129,047,645 shares (includes interest shares but excludes up to 12,175,965 shares that RAB were holding as of 05-10-2015) - which would flatten the shareprice.The 26,389,385 interest shares would have been created at an average of 2.75p (guess by looking at shareprice over the period) so it would be prudent to dump them asap at anything above 2.75p. If RAB and Trident were the the sort of investors that liked the risk of being a shareholder they would have bought shares (rather than the slightly more secure CLN's). So i expect them to sooner rather then later to begin offloading. But whether they hold or sell the outcome of the coin-toss of the arbitration remains the same - just a possiblity of an overhang depressing the price to provide an opportunity for a week or two, to buy shares at a much lower price than today.
Brookie Boy
16 Oct 2015
Re: RNS - hmmm interesting I agree, although would add one opinion.With a debt due in mid-December it is perfectly normal and sensible to negotiate new terms of funding some months in advance. In fact as the date looms, the weaker the bargaining position is for the Directors, and the increased likelihood of a default/Oxus goes bust - a share price below 1p could be expected on 11 Dec! So for me, this debt to equity swap had to be done now, and absolutely does not indicate that a decision will be 2016.
cider boyz
16 Oct 2015
Re: RNS - hmmm interesting I guess people could and are likely to read many things into the RNS. From my perspective I feel overwhelmingly that this tells us not to rely upon an imminent adjudication result. If OXS know the result (in draft form) then there would be a very strong whiff of insider trading. As such I don't see the result in a couple of weeks. In addition, if OXS was very confident that the result would be obtained by xmas, then again surely they would not be acting in the shareholders interest by diluting the stock now - and would face a revolt. turning to our backers - why agree to buy shares at more than double their face value? I guess the answer is it was not in their interest to see the shares go down the toilet which was a real possibility if judgement not obtained before money run out. hence my conclusion is that this is a fair deal which sadly demonstrates that the judgement could drag on - lets hope Santa brings us a present.....
Brookie Boy
16 Oct 2015
Re: RNS Market reaction to this is very surprising. A key risk to the Company has been removed, and extreme faith has been shown by RAB, Trident. You could argue that they had no choice, and that they may sell their shares in the market at some point, as well as the impact of dilution, but given the imminent court case decision this is not convincing. Shares currently only up 1%.Personally I think we will see an outcome within 30 business/dealing days, and with a strong likelihood that it will be in OXUS' favour.
Nervousrex
16 Oct 2015
RNS Only got to wait for the Darwin conversion and I might get some at close to 3p .
