The reasons we are needed in Uzbekistan should remain the same on a change of regime. A regime change is a good excuse to review the revenue sharing arrangements? If the regime change is as a result of a violent revolution, then of course there will be serious economic dislocation, and a lot of businesses won't survive, although the chaos does create new business opportunities. We perhaps wouldn't, and it would not be the Board's fault?
Sorry I missed all the news earlier. The court decisions remaining on the $10m tax outstanding (some of which we have already provided for in the accounts?) can still make a difference as 1. to how many years away our maiden dividend is 2. to what the financing costs of AGF2 are (the more money we have to raise the more diluton we have to suffer?). There is therefore more at stake than $10m minus what we have already provided for?
I believe the strike at Kumtor is over. Agree wiht Erik mkt. cap. of £250m is likely assuming satisfactory resolution of AGF2 and Jerooy. Looking forward to Canadian listing and fund raising, and for Investors' Chronicle to tip thses as a "buy" when we reach 70p!
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