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

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!

I thought DRC was a sublime but gaggingly overpriced Burgundy!
I take it you wouldn't buy VOG, if for no other reason that its exploration etc is in Khaz.

cynic,

No I wouldn't buy VOG, but mainly because I currently don't believe in K.Foo's ability to deliver, rather than the geographic loction.

fairly lge piece in telegraph this morning re yesterday & how the price has gone from mind 80s down to sub 10.
CITY TRADER.
Shares in the above co crashed a futher 40% to a fresh 3 yr low after a regional crt in Ubekistain issued a ruiling against the troubled miners 50pc owned subsidery
the Regional economic court of the Navol Province claimed taxes against Amantaytau goldfields (afg) of $15m or 8.1ml plus related fines & penalties equvalent to $4.9m.Oxus said this ammount includes 7.1m of recoverable Vat.
Aim listed Oxus added afg is appelling against the majority of this ruiling afg has been led to believe that any liabilites resulting from the ruiling.
Oxus which is focused on central Asia saw its shares hit 85p in Arp
yesterday they tubled a futher 6.25 to 9.25 following the fall the Co mrkt value has shrunk to under 22.4m.

papers A !!!

Oxus Gold is in the mining sector and is currently trading at 9.50p per share. In the last year Oxus Gold's share price has ranged from 9.25p to 85.00p and brokers are currently rating this stock as 'buy'.

Share Price 9.50p
Change Today -6.25p
Volume 5,977,296
27-Oct-06 Close 9.50p
Shares Issued 298.13m
Market Cap 28.32m

Mr T , may be hope for us yet ! risky times though, we will see ! :)

up 26% this morning :) lets hope it holds !

Hi Smiler -lets hope so. It certainly highlights the volatilty. Still someway to go to 20p but I am prepared to wait. Might see it by Friday at this rate!! :)

Still heading north Smiler. Hang on in there! 50% up on your recent post....fingers crossed for another 50%