::::::::::::::::: OXUS GOLD 2005 :::::::::::::::::

Erik, my understanding (and the reason I am holding) is that we will get no worse than a 3 for 1 offer. While it is legally permissible for Oxus to do a "dirty" and put MKD into liquidation and use the MKD pledged assets (or whatever it is they have done) to advance itself ahead of the other creditors in such a scenario, I do not believe Oxus will do such a thing. If I did I would have taken 6p for my 32k of MKD. I asked about this at both AGM's (more obliquely at the Oxs agm? the question about whether Oxus was fair company?). I am very content to hold my MKD, and don't give a toss anymore what the MM's do with the price of the stock. MKD is only for patient people as the the strategy is to wait until asked for help on its main asset. My understanding is Khandiza is not a straightforward development (3 concentrates?), and therefore our help? and expertise? will be required at some point. As with all investments there is no substitute for doing your own research and forming your own opinions (preferably independently?). All the best Erik.