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

going bust..everyones piling out

maestro .... perhaps the company has just dug a deep hole!

maestro, I dont think so, well not yet, not good could see sub 15, but still might see some positive news in annual reports 31st Oct + AGM on 30 Nov, must say cant wait to get out !!! :(

still falling...SELL,SELL,SELL!

too late now.........just need to hang on for long recovery

Oxus Gold (AIM: OXS) shares fell heavily once again, losing 21 per cent to 16.9p. The release of the companys final results clearly did little to encourage the market. With a legal battle ongoing against EuroGold, no sign of the return of the Jerooy project in Kyrgyzstan or Oxus subsidiary Marakand Minerals (AIM: MKD) Khandiza project in Uzbekistan and a tax dispute placing a question mark over the future of Amantaytau Goldfields joint venture with the Uzbek government, Oxus situation has still not really improved.

up 26% good job I did not listen to maestro !!!!! on and up !!

Oxus Gold PLC
27 October 2006





Regional Court Ruling


LONDON: 27 October 2006 - Oxus Gold plc ('Oxus' or the 'Company') (OXS.L)
announces that the Regional Economic Court of the Navoi province in Uzbekistan
issued a ruling against Amantaytau Goldfields ('AGF'), Oxus' subsidiary in
Uzbekistan, on 26 October 2006 claiming taxes of $15.3 million relating to the
period of 1 January 2003 to 31 December 2005, plus related fines and penalties
equivalent to $4.9 million. This amount includes $7.1 million of recoverable
VAT. AGF is 50% owned by Oxus Gold and 50% by the Uzbek State.

In addition, the ruling also claims $203.6 million in respect of alleged
transgressions during the same period relating to the operation of AGF's
overseas foreign currency bank account. The ruling becomes effective after 30
days unless overturned. AGF is appealing the majority of this ruling. AGF has
been led to believe that any liabilities resulting from the rulings will be
payable pursuant to a reasonable payment schedule.

AGF believes it was exempt from the majority of taxes claimed under the ruling.
AGF also maintains that it was authorised by decree of the Cabinet of Ministers
to operate an overseas bank account and that such operations were conducted
legitimately and with the full knowledge of the relevant Uzbek authorities,
including the Ministry of Finance and the Central Bank, to which AGF regularly
submitted the required reports.

On 10 October 2006 the Company announced that AGF has provided for $2.6 million
in taxes and was negotiating in respect of a further $7 million of withholding
taxes on subcontracting invoices and custom duties, plus various fines and
penalties.

Notwithstanding the above, AGF continues to operate and senior officials of AGF
and Oxus continue discussions with the Uzbek Government to resolve these issues.

Shareholders will be kept informed of all developments on a timely basis.

does anyone think the drop in SP has bottomed given the above news? they were on my watch list and i thought i had misssed my chance when they rocketed a short while ago but i am now trying to decide if this news makes this share too high risk for me.
just your opinions requested please.
Alex

well alex very high risk this share and it has had a run of bad luck, but i still hold locked in at 22p at the moment but I will add more at 9p, just a gamble in case it makes it back to 20p mark !! any news i will post also Andy is a good source of info !!

catching a falling guillotine with your neck would give a better chance of joy

I originally bought at 30 and have just bought in again at 10, averaging 20p
I am, like Smiler, hoping for a recovery to 20p..... a long wait springs to mind! ...though you never know with the volatility of these high risk exploration stocks

Mr T, could be a while ! and cynic is not far wrong but for me buying at 9p i am willing to take the risk, a bounce back to 20p and i can get out even !! I am hoping THEY will do their best to help ?? 20p may be achievable with time :)

I'm with you Smiler. I hope that we are not just looking at a hole in the ground now. I thought there was some good value in this share. I am prepared to hold on:)

seriously ...... why must you try to average down and thus increase your exposure on a very dodgy stock? ..... surely that is bad logic

cynic,

I agree, this looke pretty terminal now, I;m sorry to say, and sincere commiserations for all holders here.

Oxus are now fighting on all fronts, Krgystan, Uz, Marakand, and EUG, and I can visualise a picture of Bill Trew in place of Custer with the enemy circling, and we all know how that went.

It's extremely sad for all involved, I like Bill Trew, he was very investor friendly IMO.

I will not be investing is the FSU after this, they are no better than common thieves IMO.

Andy .... doesn't agreeing with me go totally against your principles .... lol!! ..... of course FSU is a dangerous place to trade, as is Africa or even China for that matter, but that does not mean a wide portfolio should not contain a modest sprinkling of such (high) risk stocks, in moderate dose

Logic, hmm I know your right i have been in this stock for a while now and know the risk, and yet still some buys to day at 10p, I hope I am right but I still think this COULD bounce back to 18+ which will allow me to get out I will find out soon me thinks !

alot of buy orders triggered at 10p...mms short of stock..hence the desperate fall to 9p to catch a few stop losses

cynic,

LOL!

Whilt I agree totally regading owning a diverse portfolio, (and I am generally in higher risk AIM and TSX.v stocks!), there are some countries that I now believe are too risky currently, and these are mainly the FSU countries, which as we can see from Oxus' experience, are operating outside the normally recognised international laws.

What has occurred here is outright theft IMO.

So currently Uz and krgystan, are countries I will not invest in period.

I am willing to consider AVM, located in Tajikistan, and Kazakstan, as those governements seem to still recognise international laws.

I am wary of Angola and DRC, but would consider investing in a company there if the prospect looked good.

Apart from those countries listed above, I am prepared to invest anywhere else, and I discount the country risk.

I even own a Bolivian based stock!