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

Certainly worth reading this broker note......

http://www.fox-davies.com/media/151295/oxusflashnote21stapr2010.pdf

Business Financial Newswire
"Oxus Gold has started a drilling programme within the licence area of its 50% owned Amantaytau Goldfields (AGF) joint venture in Uzbekistan.

AGF is targeting an increase in JORC classified gold reserves from the current 2.4 million ounces to over 7 million ounces as a result of the drilling programme, after allowing for mining depletion.

The total exploration potential (JORC and Soviet classified) at AGF is currently identified as approximately 24 million ounces of gold and 480 million ounces of silver.

The total budget for the five year programme is approximately $22 million, of which $2.5 million has been committed from current cash resources to be spent during the remainder of 2010.

Chairman Richard Shead says: "The exploration potential at AGF is substantial. I am delighted that we are now able to allocate the funds to commence this programme, which we believe should add significant value to the investment in AGF.

"Over the next 3 to 5 years we also plan to increase gold production at AGF to 300,000 ounces per annum, which, together with the targeted increase in gold reserves, should transform Oxus' standing as a gold producer and explorer".

nice one harry...good long term hold here, may even top up a few..

Looks like this one is getting a lot of Bull backing again today already.

That broker target of 30p is ultra bullish.

Long may it last.

OXUS GOLD OXS

Another corker, in the Gold mining sector. Just read this broker note and then a very unconventional bullish chart........

http://www.fox-davies.com/media/151295/oxusflashnote21stapr2010.pdf

More good news out at last.

Great update.....

http://www.investegate.co.uk/Article.aspx?id=201005170700139841L

How high do you think it will go?????

Moving ahead nicely now, just about 15% up on the day.

MMs as usual will try treeshakes in this one like they have done over past few days be aware of that.

kosy keep looking at the chart.

Next SP to take out at resistance is just above 10p.

Thats where I came in last so hope we break through and hold. GL all. CEY seems to climbing again.

Bullish post just out from Pro TAer Zak Mir.....

Zak Mir



Reged: 28/06/07
Posts: 1291
Re: OXS OXUS GOLD [
#465164 - 17/05/10 08:12 AM Edit Reply Quote



A good bear trap rebound from OXS, with the longer the post March 8p resistance zone holds, the greater the chance of a retest of January resistance of 10.5p.

From Fairfax Investment Bank......

Oxus Gold* (LSE:OXS) Oxus restarts mining at AGF
Oxus has restarted gold mining at the Nukrakon gold mine in Uzbekistan although leaching of gold and silver has continued.
Stacking and irrigation of the heap leach pads resumed last November using previously mined ore.
We believe the heap leach operation should continue to give >30% operating margins supporting the restart of mining from ongoing cash flow from the AGF joint venture.
Group cash of $8m gives reasonable confidence and it is possible that further funds may be forthcoming to cover the restart of exploration and resource delineation on the AGF licenses.
Open cast mining was suspended in March last year while an agreement was reached with the local refinery which had been slow to refine Oxus silver dore bars.
Oxus have extended BCMs mining contract to cover an initial 62,000t of previously blasted ore grading 1.2g/t and 189g/t silver (2,388oz gold contained). Mining should continue at 35,000tpm (eg 16,179oz gold contained pm).

And from Pro active.......

http://www.proactiveinvestors.co.uk/companies/news/16624/oxus-gold-recommenced-mining-at-amantaytau-goldfields-jv-in-uzbekistan-16624.html

Technical Analysis from Recognia........

SP target 13p to 14.25p

Oxus Gold PLC (OXS.L:LSE)
Industry: Metals and Mining, Holding and Other Investment Offices

Event Details for: Continuation Wedge (Bullish) Rate this Event: (0 ratings)

A Continuation Wedge (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. The Technical Event occurs when prices break above the upper trendline, thereby confirming the pattern. More...

Event Date: 14 May 2010
Opportunity Type: Long-Term Bullish
Close Price: 8.23
Target Price Range: 13.00 - 14.25

Price Period: Daily
Volume: 4,905,227
Pattern Duration: 151 days
Inbound Trend Duration: 214 days

Final preliminary results for the year ended 31 December 2009

"Conditional financing agreement signed with Chinese consortium to invest and arrange up to $185 million in new financing in order to expand AGF's operations, including the development of an underground mine

AGF returns to profitability, reporting an operating profit before exceptional items of $10.96 million for the year ended 31 December 2009 (2008: $2.7 million), and a net profit after exceptional items and tax of $1.02 million (2008: loss of $610,000)

Mining at AGF recommences following refining, export and sale of 18.2 tonnes of stockpiled silver dore

Five year exploration programme underway at AGF with $2.5 million budgeted to be spent during 2010

AGF is targeting an increase in gold production to 300,000 ounces per annum, and to increase gold reserves from 2.4 million ounces to over 7 million ounces, during the next three to five years

The Group reports a loss for the year ended 31 December 2009 of $5.84 million (2008: loss of $54.39 million)

Oxus now accounts for AGF using 50% proportionate consolidation"

LONDON: 9 June 2010 - "Oxus Gold plc refers to its announcement of 7 January 2010 in which it confirmed that it had signed a conditional agreement with a consortium of Chinese investors comprising of Baiyin Non-Ferrous Group Co Ltd, CITIC Construction Co Ltd, and Chang Xin Yuan Su (Tianjin) Equity Investment Fund Management LP to invest and arrange financing in a total aggregate amount of up to approximately $185 million.

The financing was conditional on the signing of a Foreign Investment Agreement ("FIA") with the Uzbekistan Government by 30 June 2010 and receipt of the customary approvals from the Government of the People's Republic of China and admission of the new Ordinary Shares to trading on AIM by 31 December 2010. If the FIA had not been executed by 30 June 2010 then both the Company and the consortium would have been entitled to withdraw from the Agreement.

Oxus is pleased to announce that on 8 June 2010 an amendment to the Agreement was signed which has removed the signing of the FIA as a condition to the financing. Accordingly, upon receipt of the relevant approvals from the Chinese Government, the consortium will make the initial investment of approximately $85 million by way of the issue of new Ordinary Shares and convertible loan notes in the Company.

In addition to the issue of new Ordinary Shares and convertible loan notes in the Company, the consortium will be granted warrants to subscribe for further new Ordinary Shares in the Company for approximately $20 million in return for an undertaking to arrange a further minimum of $80 million in project finance"

StockMarketWire.com
Oxus Gold said its Amantaytau Goldfields joint venture in Uzbekistan reported Q3 gross revenue of $6.05m, an operating profit of $3.16m and a profit after exceptional items, interest and tax of $1.80m.

Half the results are attributable to Oxus.

AGF produced 1,427 ounces of gold and 243,280 ounces of silver in the quarter.

The JV sold 1,563 ounces of gold and 206,843 ounces of silver for gross revenue of $6.05m

Cash operating costs were $383 and total production costs $599 per gold equivalent ounce.

Mining of open pit oxides restarted in May at the Nukrakon heap leach silver/gold mine.

seems a good buy at this level,

"As announced by Oxus Gold plc on 9 June 2010, the financing agreement with the consortium of Chinese investors ("Consortium") was amended so that completion of the financing is conditional only upon receipt of the regulatory approvals from the Chinese Government and admission of the new ordinary shares to trading on AIM by 31 December 2010.

Further to the announcement dated 9 June 2010, the Company can confirm that it has been informed that the most critical of the approvals necessary to give effect to the financing has been granted by the relevant Chinese authority, while the other two largely administrative approvals are also being processed without any known issues.

The Directors of Oxus remain confident that the financing will be completed during December 2010."

These new shares were allotted to Directors and senior management of the Company on 5 January 2011 at a price of 6.067p per share in lieu of fees and salaries for the period 1 October 2010 to 31 December 2010
James McBurney, Non Executive Director, bought 39,802 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 211,215 shares.

Miradil Djalalov, Non Executive Director, bought 57,684 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 359,721 shares.

Oliver Prior, Non Executive Director, bought 34,034 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 318,859 shares.

Richard Shead, Chairman, bought 412,031 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 3,099,026 shares.

Richard Wilkins, Financial Director, bought 80,880 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 5,100,800 shares.