Shares digital

Precious metals producer Oxus Gold (OXS:AIM) has concluded nearly four years of legal battles. It has settled out of court with Eurogold (EUG:AIM) over an aborted Ukrainian asset transaction. It has paid A$7.95 million in cash and shares to end a spat over pulling out of buying gold projects in 2006. Last year, Oxus won a court case over tax breaches. In 2004, it launched a legal fight to win back a mining licence in Kyrgyzstan but admitted defeat in late 2006. With these distractions out of the way, it will focus on expanding a gold and silver mine in Uzbekistan.

Shares says: Time to reassess Oxus.

by: Dan Coatsworth