Having recovered from a substantial loss, to sell for a small gain with AFE I see that Oxus (my other mining share) is suddenly pushing the 60p mark for the first time for a long time. I realise the the price of gold has been gradually rising but does anyone know why OXS has suddenly taken off today?

Cheers

B2B

I saw the following on yahoo.co.uk news: (I asume they mean 0.9 and not 90...)

Friday December 3, 09:08 PM
Oxus Gold "buy," target price reduced
LONDON, December 3 (newratings.com) - Analyst Jim Taylor of Canaccord Capital maintains his "buy" rating on Oxus Gold (LSE: OXS.L - news)
(ticker: OXU). The 12-month target price has been reduced from 95 to 90.

In a research note published this morning, the analyst mentions that the company has raised approximately 30.6 million from an issue of equity and convertibles at 50 per share. The proceeds are required to prove to the government of Kyrgyzstan that Oxus Gold has adequate funds to complete the Jerooy projects development, the analyst says. The target price has been reduced to reflect the dilution from the recent offering, according to Canaccord Capital.

2004 New Ratings

Big volume today and a 1.1million buy just gone through.
Is something about to happen here?

2 x 500,000 sells gone through but price being maintained. MM must now something to keep the price, perhaps there is something just around the corner!! Volume has been higher than usual over the last few days.

MM collecting stock??