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Churchill Mining Share Discussion Threads
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|OT. Technically is almost oversold, very high volumes recently, some say this is next SOLG, no forced seller behind (CREDA gone), nickel price going up, sitting on a world class deposit (new set of drilling news any day), mou signed with well known Chinese company Jinchuan, another agreement signed with some company having connections with Freeport (can't remember their name now), funding likely from Russian investment fund FEIE supporting their project and Chinese investors too.
I bought a few of them a few weeks days ago at 4.1p. Should have sold them at 15p and buy back now, but missed the peak. Afer reading more I see share price higher than is now. It was flying up to 40p back in 2015.
Add them to your watch list. chat there if you wish..|
|OT yes, I noticed AMC had risen hugely only to be knocked back. Don't know the company. Why would it go up again though? Edit technical rally or something more fundamental?
|We still have a small chance of annulment, read previous annulment cases, between 1984 and 1992, 4 annulments applied 3 were successful. And subsequently some settled before the next tribunal.
There is something fishy about this case, I suspect more to come. CHL will apply for stay not to pay the costs with appeal for annulment and if granted we are ready for next phase. Nearly dead but not buried yet. Onwards CHL and let CC prove their mettle in getting annulment executed.|
|OT. Maybe this is not the best day to ramp and not best BB, but keep your eyes on AMC tomorrow as it is possible to bounce back up after massive sell off today and yesterday. Just a possibility to recoup some loses lads. Good luck to All and once again sorry for this what happened here today. Can't believe this luck after Oxus decision in December last year..|
|Masarap to expand on your thoughts.
The acceptance by the tribunal that Noor was tricked despite his evidence being struck off is,imo, going against at least one of the four reasons for annulment.
Nusantara never once complained that another company was on their patch until after the deposit had been discovered when it had been in the press on numerous occasions that CHL were actively looking for coal.
is that post for masarap?|
very selective fact inclusion,
manipulation of facts
irrational conclusions drawn on those facts,
gross inconsistencies of logic and reasoning
need i go on?|
|ApWhy are you being nasty to Stephen?He put his balls on the lineHe gets many investments rightWe all have losersIt's over but there will be other winners|
|I liked Comical Ali.|
londonistan top trader
|wow NEARLY GOT sucked in the relentless ramp of 200p,600p, 700p.
At least common sense prevailed.
I do not understand the people here, everyone knew the score. it's either a win or loss.
win means some money
a loss, means lose all the investment.
It was a straight gamble lose or win. So why are some people in shock?|
londonistan top trader
|I think it was one of those orangoutangs running around signing mining permits with an autopen :-D|
|You never know, Stephen might break the habit of a lifetime and actually talk out of his mouth, unlikely though, I would have thought. Think he may have previously worked for the Iraqi government as an Information Officer, where he was known by the name of Comical Ali.|
|Thats another point though, did they actually pay 50million for them?Where is that 50million?I don't trust a thing they have done.It's all very convenient!Poor Stevey, lives in hope bless him lol|
|I'd agree Steve too!However Quinlivan and Smith come close with 70 years of mining projects experience between them but managed to not notice 34 forged documents lolI bet they have a nice stash for a retirement fund though that is for sure.|
|Who is more stupid here, Steve with his Disney world happy endings visions or the board members who spend 50 million on licenses that according to the panel they have not thoroughly checked are genuine.
After half a seconds thought i am going with stevey boy!
Let's put it this way, if it was my money not shareholders , i am sure i would have made sure the licenses where genuine before spending 50 mill.|
|I'm not sure which of the available options CHL's lawyers will use in order to try for annulment. It sees clear they can't use errors of fact.
It strikes me as odd though that, having struck out Noor's evidence including where he claims he was duped into signing the Exploitation Licenses, the arbitrators decide to speak on his behalf. In other words they validated struck out evidence. How can they validate something that was meant to be struck out?
In the absence of his evidence why isn't weight attached to the entries in the Regents log book that would indicate knowing approval of he licenses?
I don't think there is much hope as the arbitrators have castigated CHL wherever possible. They have concluded fraud when, despite it being very convenient for Indonesia's KPK and police to have done so, they didn't find it.
There is no weight attached to the fact that Nusantara's licenses had lapsed and Ridlatama stepped in without motive for fraud as there was no resource discovery at that stage. Similarly, there is no recognition of the fact that Noor and his cronies only cried foul immediately after the resource was discovered. So he was only duped immediately after it became financially advantageous for him and his cronies to claim he was duped.
Despite CHL giving a lot of detail and an air of transparency it seems they have been somewhat selective in what they have released to investors.
Any effort to annul provides a glimmer of hope but only a flicker I'm afraid.|
why did roi not ask for Masak as a witness, the onus was on Roi to prove forgery.|
|Some folk are genuinely deluded|
|why was Masak not put forward as a witness by CHL?|