I have been doing some research on Oxus and am thinking of making a £1000
investment in this company with the hope that as GOLD prices rise then so will their Market Cap. Also they are buying up other companies assets (Eurogold) and doing some interesting projects in various potentially lucrative countries.

I also read the money week article of the RAB special fund founder (who has seen 2200% rise since 2003) saying that he agreed this was good stock due to taxes and insurance reasons.

I am an amateur investor and have £1000 that i would like to put on a high risk investment.

Any thoughts welcomed.

I've also been contemplating buying a few shares (not necessarily oxus).

http://www.halifax.co.uk/sharedealing/sharebuilder.shtml seems to be a very cheap way of buying so long as you are not fussed about instant trading - they only buy 4 times a month so I guess the most you'd have to wait would be a week.

I'd be interested to know if anyone has experience of the halifax sharebuilder for buying shares

I use Halifax sharebuilder to make my monthly investment of shares. It pretty much does away with the trading costs and I made about 20% average profit by buying FTSE100 tracker shares over the past couple of years. It also helps to reduce risk by making a steady monthly investment of a fairly small amount because when the share price of your stock falls you get more shares that month.
It was definately one of my better investment choices.
My personal reccomendation at the moment would be FXC (China tracker) shares as they have gone up an amazing 20% over the past month or two.

This is a very risky stock.The political situation in Uzbek is far more significant than the price of gold.

However,if this former Soviet state can reverse a hundred years of corruption,and Oxus can get some gold out of the ground (and are allowed to keep it) then it may be interesting.

Avoid.

(I currently own shares in this company......wanna buy?)

I came to the same conclusion. It seems gold has ended up in some volatile countries (and a lot of oil too).

I looked at GOL also - mines in Ethipia and Sierria Leone....

Maybe find a fund that covers several companies and spread the risk.

Thanks for the feedback. I think i will conduct further research before purchasing.

Oxus is one of my *fun* punts.

On the 09/02/05 i bought @ 57.2p
On the 14/3/05 i sold @ 66.3p

Do with that what you will.

Fun Punts ..

Oxus
Eurasia
Griffin
Jubilee platinum

Firestone Diamonds (actually a good company too, but obviously diamonds)


Play with them when the time is right but do so off your own back ha.

Where do you buy your shares from?

If you want exposure to Oxus Gold you could buy Rab Special Situations an AIM listed hedge fund.

Online with barclays stockbrokers £12 per deal, which drops to £7.50 per deal if you deal a decent amount in a quarter.

I believe there is a £12 or £15 account management fee .. but that gets waived if you make a trade


Buy = 1 trade
Sell = 1 trade

To be honest with you, its a damn good service with plenty of stock picking "tools"


Right then Mr Barclays i expect my cheque in the post for that plug.

EDITED:
Im no expect in any sense, i just do what looks right, which is usually going agaisnt recommendations.

*Made* about 50% this year so far, sold at a loss once (-30%), the other 35 ish trades sold positive between 3% - 47%

I dont even know what im doing really.

Wow, i was thinking about having a look at what i can do with a couple of thousand pounds before i invest anything more - but at £12 a go that's 1% lost straight away

Typically how much do people trade per transaction (hmm... Maybe a poll?)

Seriously what sort of money makes sense to invest (of course I realise I could lose a lot doing this, which is why i want to start small)

First time i was buying i was using £500 per buy. Dont forget there is tax on the trade too.


Last friday i spent ~6K and went down 3% right from the outset. still 1% down at the moment, but to me thats the way the games played.

I have a lot to learn. I'll let you know how I get on (i have a sinking feeling I will lose it all here...)

The funny thing is that I really wanted to buy google shares but didn't do it as I wanted to find out a good site to buy shares from - I am kicking myself now...

Been there before, i find a few market mottos actually help.. in this situation, "there will be plenty of other oppotunities for you to lose your money"
oh and if your ever in dount about selling..

"no one ever became poor by taking a profit"

I basically found it all out myself, im using my housing deposit which shows how much sense i really have.

Keep this in mind because it had me to start with...
There is a price of 110p on stock X

when you buy there is a different price usually higher than the listed price i.e 112p
when you sell there is a differnt price again i.e 108p

So you automatically "lose" money just by buying into it.

Its not all as complicated as it might seem and i dont want to patronise you by spelling it out , ive only been trading this year so im completly new to it all myself.

It sounds sensible. I will start off assuming that I will make a loss (consider it a cost to learning) then go from there. I will just put a couple of thousand in to get the feel for a few months then if it feels ok I will put in maybe 10k and keep the rest in a high interest account (if you call 4% a high interest ).

I will be using my housing deposit as well,

I can hear my mum's words ringing in my ears.....



Thanks....

Thats a nicely done quote

I am under no pretense as to how stupid and negligent it is to use my housing deposit on the SM, mind you i also smoked since i was 15.

I bought a few shares this week at 40.5P

I think a rise in Gold prices will cause nearly all gold shares to rise,
but this one may outperform

DRBubb

Youve had a bullish stance on gold for a while now but lately you seem almost completly convinced borderline uber bullish . Is it really looking that positive for gold in your opinion?

Bubb,

Who do you use to buy shares? I doubt that i will trade at your level but it would be useful to know.

I will look into a few things, i will take a small amount and trade some in gold, and some in hi tech companies that I know about (Is it illegal to buy shares in a company if someone you know tells you that their new prototype is awesome )

Anyway, i have seen the IT bust and boom and the telecoms bust and boom (lost some money there) so i think i have learned a little bit, but i guess it will just come down to hard work to get money in shares...

Thanks

Technically,yes.But if you're not directly involved with the company it would be very hard to prove.

Tell us the name of the company so that we don't accidentally buy shares in it and get accused of insider dealing.

Anyone got any thoughts on Galahad Gold. They operate in some less volatile places: Alaska, Greenland, South Africa and Namibia.

www.galahadgold.com/

Looks interesting. Might go in for a small punt.

I have no idea how this will affect the Gold markets





http://news.bbc.co.uk/2/hi/business/4129142.stm

If i remember properly the SA miners are allways moaning about something Usually the little thing about dying in the mine and all that, probably wont have to much of an effect, but who knows.

Sine, I finally found some time to do some research on this lot.
Take a look at this: Resourceinvestor

Looks like they maybe worth a long term punt (years) - but I don't think they will benefit from a rising gold price as much as some others.

Cyclical recession on the way what happend to research into cyclical defensives....look for low volume, in transactions and media investment attention thats where te next play is.

Medicals medicals medicals......cos no ones saying anything about it right now.......

Current view maybe proved completley wrong.

DrBubb, are you a gold bull on you technical / cycles work?

Or cos you beleive in the global demnad groth driving commodites to the sky??

Or cos you thinck the currency unwnding is upon us and investors will chase gold as a store of value?

Or cos you percieve the potential for a bubble (public infatuation) developing?

Or other?

If a combination then can you give a % split for you price drivers.

many thanks

God wish i had punted 1000 on oxus at the time of my inquiry - would have doubled my money. They were at 40p/p/s then and are at 70 odd now!!!!!

Now is a great time to get into Oxus Gold. The share price has fallen down to 16p even though it has released good news about increased production from Q3 2009, rising to a peak in 2011 and continuing for 7 years.

2010: 200,000oz gold production
2011: 270,000oz gold production

http://www.investegate.co.uk/Article.aspx?...06230700062462X

The total cost of production per ounce is $402. The gold price is currently $960. OXUS gets 50% of the profit, the other half goes to the Uzbek government.

If they hit the production target, my calculations suggest possible profit of £36m in 2011. The current market cap is only £60m. The recent update says that there is also room for significant upside in the amount of gold at Amantaytau.

They are raising $160m through RBS which I expect to be finalised in the next couple of months.

Directors have been buying in the last 2 months at prices between 17p and 29p.

I suspect the reason for the fall in the share price is persistent selling from one large shareholder who needs cash. Nobody in their right mind would sell now, which is why I think it is forced. It's highly illiquid so movements both up and down can be fast. Hence the low share price now.

I hold. Does anyone else? I'd appreciate input from others.