Have a look at this one for the future. It's a subsidiary of Oxus Gold which has been going great guns for the last nine months. Bill Trew has turned Oxus round since the beginning of February - asking price then 10.35, now 81 - and I bet he will do the same with Marakand. The asking price on Thursday should open at 20p, unless the MMs mess about with the price. For those of you not familiar with this opportunity I will post some more info later.

Hi Hawick,

Thanks again for SVR tip. I'm not sure MKD price will drop, to be honest! I um'd & ah'd about buying first thing, hit the cancel button for my online trade (at 26p!!!) & have been regretting it ever since. A quick run round the BB's suggests there are many people like me, just waiting to grab these shares on a pullback.... No-one could've expected it to go up so quickly and, given that OXS own 80% of the shares in MKD and the MMs were only given 2 million (so I've heard), what motive have the MMs got to bring the price down. They don't have enough stock to cope with the private investors demand IMO. OXS won't be trading in and out, so who's gonna sell!?

Now up to 36/39 as I type!

SB

Dont forget though SB nothing comes on tap until December 2005 at the earliest.

This one is a speculators dream but I would be watching very carefully over the next 2 days. Hawick is correct, cash in on any weakness as it is obvious short term merchants are aboard and they will leave when they have made their cut.

cheers GF.

I think we'll see a sell off when the share dividend is given out to the OXS shareholders. Until then, I can't see it going below 30p bid. I will not be buying at these levels, however, thanks for the sound advice GF!

SB

when was the cut-off date to buy into oxus gold shares so as to qualify for marakand shares? does anyone know? i bought into oxus last week.

thanks

Thanks Scottie for this tip, boy am I kicking myself now, wished I had got my lazy ass out of bed this morning!!

Scotinvestor,

No it has not been decided, but will not be before January 2004.

I spoke to the company yesterday, and there has to be an EGM first, and that there has to be a 21 day advance notice of this, so realistically, that leads us into January now.

If permission is given at the EGM, (and that seems likely, IMHO!) they then have to attend court for a final ok, so mid January looks the earliest this is likely to happen.

Well, I've got my free MKD shares with IG Index too, but HERE'S the interesting thing....

I can sell them now and I can SHORT MKD if I want to!!!!!!!!!

Could create some downward pressure sooner than anticipated!!!!

I'm sure there are short term investors on board this one - but more importantly there are serious long term investors on board who have seen what has happened to the Oxus share price over the last twelve months.

Share Bear,

I agree, not much chance of a sell off of either share until the shares are handed out, and probably not too much then either.

And even then, if Oxus have completed the first gold pour on schedule, why would people sell, when this looks a decent investment in it's own right?

I think Marakand will be a hold whilst Oxus continue to fulfill their promises, and they have so far.

Bill Trew has impressed the city with the turnaround of Oxus, I'm sure he's just as anxious to make that same impression with Marakand.

I am not selling mine, MKD are a long term hold, IMHO.

Personally I think any Oxus share holder who now shorts MKD should have their head examined. Talk about shooting yourself in the foot!! I agree with your comments Andy.

Looks like a lot of games with this one! Tke profits and buy yamana. Nice RNS today "transformation" of company and expecting further cost savings to improve margins in Brazil second half.

hawick I respectfully suggest if you want to keep plugging yamana - that you do it on the yamana thread! It's beginning to sound a bit monotonous on this thread.

Touchez!

Scottie,

Yes I come here to discuss Marakand too, not other shares.

I can't believe anyone that holders will short Marakand, and the price is still rising!

With such limited stock in circulation, MKD looks a reasonable bet, IMHO.

The confusion regarding the MKD share allocation to Oxus shareholders has been cleared up now - anyone buying Oxus shares today will be entitled to 1 share in MKD for every 10 of Oxus.

Scottie,

Yes, and they will until the qualifying date, which will be in 2004, imho!

I think IG Index have jumped the gun by alloting them today, as we certainly do not own them yet, because there hasn't been an EGM to approve the scheme!

And then they have to get court apporval.

My guess is allocation day will be just before court approval.

Up another 5p so far today. What do the chart experts make of this one?!!

Scottie,

On only 2 days price action, they can't!

I suppose you could say they are in an uptrend?

Gents,

A nice rise again today!

I'm not sure the market has got their heads round the value of Marakand to the Oxus balance sheet yet.

Gold $406 tonight, so looking forward to a decent monday for MKD and OXS.

I don't think anyone has got their heads round how the Marakand price has taken off. I was sitting back on Thursday thinking there would an initial burst of buying and then the price would settle back down to around 25p - wrong!