PARKIN
- 23 Mar 2004 20:56
RE:
The above they have poured @leaset 17500 ozs of gold & recovered 90% in total
and are ahead with regisration documentation.
Crazy Woman
- 21 Nov 2004 18:41
- 7 of 7
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."