|No Friday afternoon RNS please.|
|Neo you are delusionalIt's over here Unless you can raise the 9m quid?|
It doesnt matter to me if these relist or not, in for the conclusion and whatever that might be.
I believe chl have many grounds and a lot is happening behind closed doors in which you and me dont know.
But you said appeal will take years, this is incorrect, you also said chl need 9.3m which they dont for appeal..
Dont get me wrong this isnt a certain victory but some of the facts we know now that the tribunal were not aware of at the time, they may not have come to the conclusion that ridlatama and Putra colluded with each other, if he did it would imply Putra is an enemy of Roi. ;-)
Time will tell!|
Never seen you post here, everyone is entitled to an opinion, but i think you haven't researched icsid and how it works.
How do you know that the appeal will take yearS? Last i checked vast majority of Annulment cases are over within a year.
It doesnt really matter if chl do not have $9.3m, they can apply for "stay of cost" (temporary freeze of award) until the appeal has concluded.
CHL has strong grounds for annulment, this is my personal opinion.
Just like stephen mentioned above
1)Using inadmissable statements in award
2)mixing up the titles in award
CHL only need one, and i am 100% convinced chl are not relying on just these two grounds.....|
Im pretty sure the info can be useful for revision application and prove corruption played a part in the revocation of our licenses.
With regards to Annulment it doesnt really matter, all we can challenge the award with are the 5 grounds below. I believe CHL have many imho, otherwise they would have told us by now its over.
(i) that the Tribunal was not properly constituted;
(ii) that the Tribunal has manifestly exceeded its powers;
(iii) that there has been a serious departure from a fundamental rule of procedure; or
(iv) that the award has failed to state the reasons on which it is based.|
|Wulber you dont know that for a fact, maybe neo has a point, just supposing noor and putra have been found doing something criminal, obviously i am just guessing, but suppose somebody found out that these two are, partners in crime, obviously i dont know, but neither do you. Neo might know.
Just suppose the tribunal did make an error of title? Thats annulment.
Suppose the tribunal did use noors statement, even though they said, disregard same, annulment.
Just suppose CHL find other grounds, obviously i dont know, but neither do you.
I am happy and completely content to wait for the appeal, perhaps, just perhaps you may all get a very pleasent surprise, pleasent for those who are in, a sickner for others.|
|TemmujinIf you are short you will be fine, if you are long then I would put enough funds in your account to cover the total amount - I doubt these will ever relist What many seem to misunderstand is that the line has reached the end...the ONLY grounds for appeal are(i) that the Tribunal was not properly constituted;(Took that long to complete the process I can't see this is an appeal point)(ii) that the Tribunal has manifestly exceeded its powers; (how could it have)(iii) that there has been a serious departure from a fundamental rule of procedure; or (I doubt they wouldn't follow their own procedures)(iv) that the award has failed to state the reasons on which it is based.(it has)Other than the above the case has finished...just takes half an hour to read the ICSID website and churchills rns releases to see thisThey don't have the near ten million (according to their accounts).Even if they did find a smidgen of evidence to appeal with - it will take years.|
|Neo, this makes no difference.In order for CHL to progress they need to meet the circumstances to annulment or revision with a clear case, otherwise its game over!|
|My favourite two stocks are spectra and nuog for 2017Spsy tgt 70pNuog 3pThese stocks have all the attributes to motor over the weeks and months ahead|
|How Noor has become to own private jet?
How Noor net worth significantly increased by oct 2010, just months after he took away our licenses?
A regent in third world country will probably earn less than £5000 per annum, lets be generous and say £10000.
How will roi explain him becoming a millionaire, his family background is not wealthy.
And.. Mr Putra, roi state he assisted us, where the hell is he, why isnt he in jail along with Ridlatama. We spent $70m on these licenses, some one has fooled us if you follow roi narrative...|
No its not won yet, but we(pi's) know of two ground they can use for annulment, i am sure chl will have more, CHL only need ONE out of the number of grounds to annul this award, odds are very good.
With regards to the allegations the arbiters have put, im sure chl will want to counter these, this is where roi might have some shame and settle.
One can speculate some of these might be embarrassing for roi.|
|I think if it is good news then the relisting will be at around 35p.
As all this time gone by has found enough evidence to suggest the case is won. Before the decision we did not know that for sure, but the odds have just become better again.|
|its interesting with regards to Cemex Asia Holdings where they requested $400m in compensation in the end they settled for $337m.
That is not bad they got 85% of what they claimed for, i dont mind if chl settle for $1.1b.
This is possible IF chl get this forgery case thrown out, especially since roi have wasted time by failing to provide documents which would have cleared chl and ridlatama.
Kpk corruption unit are interested in Noor and Putra not Chl and Ridlatama... Go figure!|
|Chl is not the only company the Indonesians tried to rob, they tried with an american company also but eventually paid out.They tried doing the same with Cemex Asia Holding where they eventually bought out the company.Claiming ishak didn't give authority for the signatures and signing by autopen might have fooled the tribunal, there has to be cracks and I hope these cracks will show...|
|Nobody knows anything difinitive until the appeal details are put out via an RNS, whenever that might be.
But my own assumption would be In agreement with neo, that chl have "found" a silver bullet.
When you play brinksmanship, over a period of years, as ROI have been doing, aligned with corruption, there is always a 'weak link' should that weak link be discovered, and there are plenty of names we know, as corrupt, Noor, Putra and just as many we dont know, but money changed hands or favours granted. The problem is, the passage of time, some of these favours will have been reneged on, some money not paid, or demands for more money to keep quiet, when that happens, game over!
CHL will succeed, one way or another. ROI have lost their tongue and stopped bragging, we are not talking about ROI losing $1.3bn, we are talking of the loss of $50bn to $150bn in foreign investment when CHL do succeed. This is the biggest gamble any third world country ever made, can joko afford to throw the dice?
Good luck on that one loser Widodo.|
|We know chl have new evidence since they are considering revision application, it all depends what they have.I really hope they give the full details of the appeal to the public. If the evidence is damning maybe roi will cave.|
|stephen194618 Feb '17 - 13:21 - 26958 of 26964 1 0 Moderate | Ban
A nomad remaining in bed with an assumed fraudster/forger, i would suggest thats a risky strategy,
I suggest they are playing a game of wait and see, and CHL would of course be insisting they are innocent so the NOMAD has that to fall back on.
Plenty of examples of NOMADS hanging on against the odds and continuing to take their fees until the bitter end.|
|2 of the above are £millionaires the others are just $millionaires.|
|I disagreeI think they will find it very hard to raise the moneyNine of the above put money in at 11p did they??!!!|
|Chl are not going under!|
|StephenOf course, it will be those big players IF we need a million or two.We need this in the world news, small company like chl finds the 2nd largest undeveloped coal reserve in Indonesia and 7th largest in world, Indonesia try to rob us!Icsid come with a shameful conclusion by breaking their own rules...|
|Money is not a problem for CHL. 52.63% of chl is in the hands of the 4 major holders 3 of which have the cash to support chl if necessary.
Pala hold 21.28% 31,492,388 shares.
G.L. Global hold 13.33% 19,723,123 shares
Cause first ventures hold 12.80% 18,939,686 shares
David Quinlivan hold 3.40% 5,037,065 shares
Pala would not let this go under.|
|TemmujinI'm very confident chl will relist again, but it be a number of weeks after they have submitted appeal application, they need to get "stay of cost" accepted and probably raise some funds.Once that is done, hopefully IMHO chl will relist.This is NOT over....|
|does anybody think churchill will be relisted soon...just want to make sure ive got enough margin in my spread bet account to balance the losses|