#OXS – must be there now.

 

The news is out, #OXS have cancelled a facility with Darwin to provide funding each month. Just to remind folks OXUS GOLD have no other assets except an arbitration case worth something between $500m to just over $1bn.

Company guidance in RNS was that a judgement should come in 2014. Now about to enter the 2^nd month of 2015. The company have taken the decision that they do not wish to continue having access to a funding facility.

This can only mean that they expect a decision very shortly. AIM companies are not to known to shy away from dilution if it means the wages are still paid.

A question though, “If you were the CEO of a company with a sizable holding and you thought the arbitration was going to be unsuccessful, would you try to get as much money as possible into the company or would you say, no you don’t want any more money thanks”.

Or to re-phrase the question “If you were the CEO of a company with a sizeable holding and you thought the arbitration was going to be success, would you try and limit dilution as much as possible”.

It is still my belief that Ms Stern has submitted, or will submit a pointless minority decision and that OXUS will or have won. Remember OXUS will get the decision 1 week prior to it going public.

Finally if Darwin thought for any second that the arbitration was unsuccessful, they would be selling their holding hand over fist atm and the SP would be markedly down…..it isn’t.

Happy for anybody to make a reasoned argument which isn’t positive for the RNS.

Risk and Enjoy.