Stalliano, the share price appears to be driven by improving optimism on the chances of AGF2 and Jerooy adding substantially to future earnings. The absence of any news on a tax and penalties dispute that could potentially bankrupt AGF1 (Oxus' main source of cash flow, other than the recent capital injections?) may be giving encouragement to potential investors that the Board's statement to the effect that Oxus is valued in Uzbekistan, and is not about to be booted out is true. If it wasn't we perhaps would have heard by now that AGF1 had defaulted on its debts to the Uzbek Govt.? Another factor that may be driving the price is speculation that a new Uzbek investor may need to buy more shares to appoint another director on the Board. There may also be a tiny re-rating going on to reflect an expected change from a single cash flow source company to one with multiple sources of cash flow?? Are the recent share price rises justified? I think so, but you must do your own research. Oxus' slight nationality "make-over" should improve our prospects?
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