Saturday 27 July 2013

Oxus Gold and the tale of woe

Notice of Arbitration 31st August 2011
http://italaw.com/documents/Oxus_v_Uzbekistan_NoA_31Aug2011.PDF

Litigation funding on non-recourse basis
RNS 1st March 2012
http://www.investegate.co.uk/oxus-gold-plc-(oxs)/rns/litigation-funding/201203011021554748Y/

#1
According to Rachel Rothwell, writing in the Law Society Gazette last month
[Feb 2012], litigation funding groups are remarkably cautious. And most firms will
not touch a case unless it is deemed to have a 70 per cent chance of success,
she says.

Crucial Reminder : Convertible loan note holders supportive of legal battle
Amended May 2008 terms, extension to December 2015

RNS 1st August 2012
http://www.investegate.co.uk/oxus-gold-plc-(oxs)/rns/convertible-loan-note-amendments/201208011451060828J/

20th August 2012 - $3m Equity Finance Facility, valid for 3ys, by Darwin Strategic Ltd
http://www.investegate.co.uk/oxus-gold-plc-%28oxs%29/rns/3m-equity-finance-facility/201208201026443558K/

9th October 2012 raised �406,917 : 17,166,666 @ 2.48p
http://www.investegate.co.uk/oxus-gold-plc-%28oxs%29/rns/draw-down-of-funds--issue-of-equity/201210091143382762O/

Update on Arbitration November 2012
http://www.investegate.co.uk/oxus-gold-plc-(oxs)/rns/update-on-arbitration-proceedings/201211140946150903R/
Khandiza Claim : $72.1m - $588.7m
AGF Claim : $480.3m - $661.8m

16th Nov 2012 White & Case replace Dewey & LeBoeuf as counsel to the state
http://www.globalarbitrationreview.com/news/article/30985/oxus-gold-claim-survives-jurisdictional-challenge/

Sheadgate, 14th December 2012 - Why ?
Director investment of �50.25K by hasty exercise of revised option (rev 13/12/12)
http://www.investegate.co.uk/oxus-gold-plc-(oxs)/rns/director-shareholding-and-issue-of-equity/201212141240225831T/

4th Feb 2013 - Amantaytau Goldfields declared bankrupt, 3 months for liquidation
http://rapsinews.com/judicial_news/20130204/266282267.html

5th Feb 2013 - NOMAD/Broker takes Q1 2013 �2,500 fee as shares, 87260 @ 2.865p
http://www.investegate.co.uk/oxus-gold-plc-%28oxs%29/rns/issue-of-equity/201302051149261563X/

11th Feb 2013 - TAU Capital writedown OXS investment from $2.5 million to US$593,000
http://www.investegate.co.uk/tau-capital-plc-%28tau%29/rns/net-asset-value%28s%29-and-investment-update/201302110928485812X/

26th Feb 2013 - Mr A F Gibbons purchases 6.65m 20/2/13, holdings 19,849,465 [4.49%]
http://www.investegate.co.uk/oxus-gold-plc-%28oxs%29/rns/holding%28s%29-in-company/201302261741507328Y/

6th Mar 2013 - Mr A F Gibbons increases by 2.35m, holdings 22,206,365 [5.02%]
http://www.investegate.co.uk/oxus-gold-plc-%28oxs%29/rns/holding-in-company/201303061115543730Z/

14th Mar 2013 - Revised funding terms with Darwin, up to �3.6m over next 18 months
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/equity-funding-agreement/201303131349419301Z/

15th Mar 2013 - Bonus cash 228K euros from legacy Romanian dispute
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/romanian-legal-settlement/201303151441281564A/

20th Mar 2013 - Mr A F Gibbons increases by 4.815m, holdings 27,021,365 [6.11%]
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/holding-in-company/201303201220374614A/

25th Mar 2013 - Richard Shead (Chairman) adds 0.5m @ 2.6p, holdings 10,194,519 [2.31%]
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/director-s-shareholding/201303251027197651A/

26th Mar 2013 - Oxus raises �100K via Darwin; 4,081,348 @ 2.6488p
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/issue-of-equity/201303261504219261A/

10th Apr 2013 - SP Angel Advisors take Q2 fees in shares @ 2.74p
http://www.investegate.co.uk/oxus-gold-plc/rns/issue-of-equity---tvr/201304101221490294C/

24th Apr 2013 - Mr A F Gibbons increases by 5.22m, holdings 32,241,600 [7.22%]
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/holding-in-company/201304241111341080D/

26th Apr 2013 - Oxus raises �100K via Darwin; 4,324,324 @ 2.50p
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/issue-of-equity/201304261103163405D/

14th May 2013 - TAU hints on expected Oxus arbitration timetable - initial outcome late 2013
http://www.investegate.co.uk/tau-capital-plc--tau-/rns/annual-financial-report/201305140700066029E/

17th May 2013 - Final Results
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/preliminary-results/201305170700079484E/

24th May 2013 - Annual Report 2012
http://www.oxusgold.co.uk/uploads/Annualreport2013.pdf

28th May 2013 - Oxus raises �17K via Darwin; 829,474 @ 2.30p
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/issue-of-equity/201305281407537003F/

4th July 2013 - Shead buys 750K @ 1.65p, now 10,944,519 [2.42%] 
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/director-s-shareholding/201307041022176079I/

24th July 2013 - Oxus raises �100K via Darwin; 6,359,300 @ 1.70p
http://www.investegate.co.uk/oxus-gold-plc--oxs-/rns/issue-of-equity/201307241226030551K/


Other Links
http://www.isdx.com/forcompanies/ourcompanies/companydetail/Trade.aspx?securityid=18636
http://www.thetakeoverpanel.org.uk
http://italaw.com/cases/781 Oxus Gold plc v. Republic of Uzbekistan
http://www.uncitral.org/uncitral/en/index.html
http://www.uncitral.org/pdf/english/texts/arbitration/arb-rules-revised/arb-rules-revised-2010-e.pdf
http://www.globalarbitrationreview.com/news/article/30152/
http://www.oxusgold.co.uk/ownership-profile-2.asp
Historical OXS prices http://uk.finance.yahoo.com/q/hp?s=OXS.L
http://www.uznews.net/index.php?lng=en
http://ukinuzbekistan.fco.gov.uk/en/

Arbitrator Chair/President: Pierre Tercier
http://www.arbitration-icca.org/about/governing-board/MEMBERS/Pierre_Tercier.html
Claimant appointee : Marc Lalonde, Respondent appointee Brigitte Stern

http://www.calunius.com/litigation-funding.aspx
http://www.litigationfunding.com/media-centre/articles/pdfs/legalbusiness_dec2012.pdf


21 Aug 2012: Dr. Michael Hecker, The Risks and Dangers of Doing Business in Uzbekistan
http://www.cnbc.com/id/48736878/Hecker_The_Risks_and_Dangers_of_Doing_Business_in_Uzbekistan

18 Jan 2013 : Uzbekistan�s economic potential presented in U.S
http://en.trend.az/regions/casia/uzbekistan/2109859.html

28 Jan 2013 : World Bank Mission discusses cooperation opportunities in Uzbekistan
http://en.ca-news.org/news:520405

30 Jan 2013 : Uzbekistan: Reflections on Karimov�s 75th Birthday
http://www.eurasianet.org/node/66469

14 Feb 2013 : UK deal with Uzbekistan to bring back $6.2 billion of equipment from Afghanistan
http://dawn.com/2013/02/14/uk-to-bring-afghan-equipment-home-via-uzbekistan/

18th Mar 2013 : Uzbekistan and EU discuss cooperation
http://en.trend.az/regions/casia/uzbekistan/2130868.html

UzMining Expo 27 - 29 March 2013
http://www.biztradeshows.com/trade-events/uzmining-expo.html

7th April 2013 Rumors About Uzbekistan Leader�s Health Set Off Succession Debate
http://www.nytimes.com/2013/04/07/world/asia/rumors-set-off-succession-debate-in-uzbekistan.html?_r=0

8th April 2013 Uzbekistan Mission to UN Denies Report of Gulnara Karimova�s Resignation
http://www.eurasianet.org/node/66794

8th April 2013 Gulnara Karimova: Is She Ready to be the Next President of Uzbekistan?
http://registan.net/2013/04/08/gulnara-karimova-is-she-ready-to-be-the-next-president-of-uzbekistan/

19th April 2013 Uzbekistan: Trouble for Another Russian Telecom? 
http://www.eurasianet.org/node/66854

30th April 2013 Uzbekistan: A 'Dress Rehearsal' for a Succession Crisis?
http://www.isn.ethz.ch/isn/Digital-Library/Articles/Detail/?lng=en&id=163426

3rd May 2013 Uzbekistan's first daughter slams 'imbecile' officials
http://www.globalpost.com/dispatch/news/afp/130504/uzbekistans-first-daughter-slams-imbecile-officials

16th May 2013 Karimova, In Beijing, Discusses China-Uzbekistan Ties
http://www.eurasianet.org/node/66978

16th May 2013 Uzbekistan, UK discuss issues of deepening inter-parliamentary dialogue
http://en.trend.az/regions/casia/uzbekistan/2150930.html

10th June 2013 Uzbekistan and UK to discuss bilateral relations
http://en.trend.az/regions/casia/uzbekistan/2159597.html

12th June 2013 Uzbekistan,United Kingdom discuss issues of bilateral cooperation
http://en.trend.az/regions/casia/uzbekistan/2160707.html

1st July 2013 Arbitration Scorecard 2013: Treaty Disputes
http://www.americanlawyer.com/PubArticleTAL.jsp?id=1202607030938&Arbitration_Scorecard_2013_Treaty_Disputes

13th July 2013 Uzbekistan first daughter no longer UN ambassador
http://thepeninsulaqatar.com/latest-news/244934-uzbekistan-first-daughter-no-longer-un-ambassador.html

15th July 2013 Uzbekistan's "first daughter" quits UN
http://www.bne.eu/story5187/Uzbekistans_first_daughter_quits_UN

22nd July 2013 Uzbekistan: Gulnara Hits the Campaign Trail
http://www.eurasianet.org/node/67284
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Courtesy Giant Steps for the above
______________________________________________________

My opinion .

  This share is now way too cheap.Back to the pre- Calunius price and with 70%+ chance of success . Do not miss this boat .One Mammoth rise will occur ,see MET, which was near 500 % in one hour,at one point.
  Before Christmas 2014 . We are all going to be a lot richer ......

    May your Prophet go with you

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