Company Profile

The Oxus Group was established in 1996 and quoted on the Alternative Investment Market (AIM) in London in 2001.

Oxus Gold plc is a UK based international mining group with gold mining interests in Central Asia. Oxus is the joint owner (50/50) with the government of Uzbekistan of Amantaytau Goldfields (AGF) which is developing several mining operations in the Tien Shan gold belt near Zarafshan.

The first mine was constructed and commissioned by Oxus in January 2004 on time and within budget and commercial production began the following month. AGF has since produced more than 270,000 ounces of gold to the end of September 2005 and is now producing at the planned rate of 151,000 onces per annum.




Amantaytau - Jul 2004





Contact details

Oxus Gold plc - Head & Registered Office

Tel: +44 (0)20 7907 2000
Email: enquiries@oxusgold.co.uk

Web: www.oxusgold.co.uk


For Oxus Gold press releases, click HERE

starting to look good.

Andy

Thanks for that, this week should be interesting !

ALL EYES WILL BE AT THE OPENING AS IT MIGHT OPEN HIGH THAN GO BACK LIKE IT DID ON FRIDAY,I MILLION BUY AT THE CLOSE LOOKS GOOD,NEED THE MOMENTUM,ANY ONE CAN GIVE SOME GOOD ADVICE AS TO WHERE THIS CAN GO FROM HERE AFTER TWO DAYS OF STRONG RISES.THANKS.

ateeq180,

Down 2p at the moment, this really is at the mercy of news now IMO.

Without an RNS update from Oxus, you cannot make an informed view IMO, to buy now would be a gamble, although there is plenty of upside should good news emerge, 20p looks to be the support line.

Andy

Could not agree more, oxs are not the only ones with bad press have you read the news on AEN !

Anyone care to guess how far down this is likely to go?

Tweenie

At a guess no ! how ever it has been down to 19/20 about 2 weeks ago

back on watch list

The bad news continues.


BISHKEK, Kyrgyzstan (AFX) - Kyrgyz authorities seized the factory and assets
of a gold mining venture that is majority owned by a British-based company, a
senior company executive said Friday.
Oxus Gold has for two years battled a government decision stripping it of
its license to work the Jerooy gold mine in Kyrgyzstan's northern Talas region.
The decision was based on the company's alleged failure to meet contractual
commitments and alleged delays in starting commercial gold production at Jerooy.
Fred Huston, deputy director of the Talas Gold Mining venture, told The
Associated Press that the region's deputy governor on Thursday ordered the
factory seized and ordered all workers and engineers to leave.
State-owned gold mining company Kyrgyzaltyn, which owns a one-third share in
Oxus, installed their own security guards and halted construction work at the
facility, which Huston said was 80 percent complete.
Huston estimated the value of the assets, including a processing facility
and administrative buildings, at around US$52 million (euro41 million).
"There are no court decisions and explanation why our assets have been
expropriated," he told AP.
Neither Talas regional officials nor federal officials could be reached for
comment late Friday.
In May, Oxus agreed to increase the government's share in the Jerooy project
from 33.3 percent to 50 percent, and promised it would begin commercial
production there within six months after resuming operations. In July, an Oxus
representative was shot and wounded by several men in the Kyrgyz capital
Bishkek.
It also pledged an annual US$3 million (euro2.3 million) in social benefits
for the regional budget.
The Jerooy field contains an estimated 74 tons of gold, according to Oxus.
The impoverished Central Asian nation has suffered from political
instability and deteriorating public security since the March 2005 ouster of the
longtime president Askar Akayev.

I SOLD ALL MY OXUS SHARES TODAY WHEN THIS NEWS CAME OUT. I MAY BUY THEM BACK IF AND WHEN THE TROUBLES DIE DOWN. I BOUGHT AT .30p take an 800 POUND LOSS. I HAVE HAD A BAD WEEK THIS WEEK. I HOPE THINGS START PICKING UP NEXT WEEK.

When did this news come out, as the sp to day has remained steady ? and some trading ??

this news came out today around luchtime.

Hmm missed that ?? where was it published ? even so the sp held up, or alot of share holders have not seen it yet ! I still hold 2500 but got in at 22/24, but thanks Janet/ andy

Still can't find it !!! jb you may have sold to early ?? but will be poised Monday morning just in case !

It's there all right, I saw it, too,.

WHERE !! CAN;t see it for looking !

smiler o,

It was posted on ADVFN.

Thanks Andy

my gut reaction is to AVOID unless already a holder .... far too much risk attaching at the moment and for the foreseable future

Thanks cynic!!