RE:
The above they have poured @leaset 17500 ozs of gold & recovered 90% in total
and are ahead with regisration documentation.

parkin,

Sorry, but that's not quite true!

I hold Oxus, and was in contact with the company today after an erroneous report was published with regard to their gold mine in Uzbekistan.

They are in fact, according to today's RNS at least, ahead of production, but behind with the paperwork, and most importantly, the export licences for the gold!

today's RNS confirms all is now OK. so hopefully we can concentrate on the production figures rather than pieces of paper!

I hold Oxus, good luck if you do too!

Parkin,

here's a copy of today's RNS;

Press Releases
Production at Amantaytau Goldfields ahead of schedule
23 Mar 2004

London, 23 March 2004 Oxus Gold plc (Oxus) is pleased to announce that production at the Amantaytau Goldfields (AGF) mine has to date exceeded expectations and 17,500 ounces of gold have been produced. Plant throughput is ahead of schedule and gold recoveries are now in excess of 90%.

As a consequence of the mine production and gold refining being ahead of schedule, the registration of the various documents required to obtain the relevant export permit was unable to keep pace. The partners of AGF (Oxus Resources Corporation, Uzbekistans State Committee of Geology and Navoi MMC) have been working diligently to resolve all procedural issues and Oxus is pleased to confirm that the necessary paperwork has now been completed and gold revenue will be received well ahead of the due date for the first loan repayment by AGF.

Further enquiries:

Oxus Gold plc
Richard Shead
Tel: +44 (0)20 7907 2000

parkin,

here's what it actually looks like, the first gold poured, held aloft by Bill Trew himself earlier this year!

Not saying that is a reason for the fall in share price but could be a possiblity is the terroist trouble round the main capital of the country over the last 48hrs and was mentioned on Channe4 news this evening & could have unnerved the markets.

PArkin,

I'm sure you're right, and sadly it seems a lady suicide bomber has caused deaths in the market, and there are terrorists and soldiers battling it out near the presidential palace, in Tashkent, the capital city of Uzbekistan!

One can only hope this madness is broyght under control ASAP for the sake of all concerned, including Oxus holders!

Extract from Sunday Telegraph:

"-in 2005 the obvious hedge is gold, which explains why the price is rising again. Price increases have a visible effect on producers, and in this respect Aim-listed Oxus Gold is a good benchmark share. It offers sound yet promising production, with exploration upside too.

On Monday Oxus declared plans for a significant rise in production over the next four years, forecasting 200,000 ounces in 2005 and 370,000 in 2006. Despite the inherent risks of any mining operation, for a management to pin its reputation to numbers, including detailed costs, was encouraging. I rate this kind of disclosure more highly than projections of what exists in the ground, many years before mining proves what can be recovered.

Oxus captured the punters' imagination last year, showing how speculation is often the driving force in natural resources shares. But for investors seriously wondering how to get a hedge in their portfolios via gold, at 54.5p Oxus is one option."