Cloudified Share Discussion Threads

[debbiegee] 18/12/2015 10:27

So many good posts last night worth a read back for anybody looking in.
When you think of it perhaps this was the reason for the presentation to give INVESTORS new and old an introduction or reminder of what a good investment this should be.

NOT as some jumped to conclusions which knocked us down to silly prices that they were looking for a placing.

[love it] 18/12/2015 08:35

Got a small amount 18.5p chart looks good though

[carlo sartori] 17/12/2015 22:48

Just had the opportunity now to listen to the DQ presentation, thanks for posting it SOS100.

I thought it was quiet a comprehensive and understandable summation of the Churchill story. Overall he seemed reassured and quiet confident of the Churchill case and as a LT investor I am as confident as ever that this will end up with a positive result for Churchill - the question is when? I can wait, though, like everyone else I'd prefer it to be sooner rather than later.

Patience is a virtue!

Carlo

[debbiegee] 17/12/2015 22:30

Who knows perhaps Roi would be silly enough to reopen or "challenge "
the valuation ?
We always said if we give them enough rope they would hang themselves.
Let them do it in style !!!

[papy02] 17/12/2015 22:23

DW, yes I heard the same (not sure if was 20 or 25 yrs without listening again).

He also said their internal estimate of the claim value at the time was well north of $2bn, as it included the those residual resources, but it was now too late to reopen the claim value unless ROI reopened it.

[j0no5] 17/12/2015 22:19

i think DQ was talking about the compensation figure of $1.3b was only taking in to account the feasibility study economics, when in fact there is more coal which could extend the mine life.

[baxter99] 17/12/2015 21:46

whatever the outcome ROI get off lightly - a no brainer from their point of view.

[pembury] 17/12/2015 21:41

'to $1 billion a year for 25 years' the mind boggles

ROI will get to keep the asset even if they lose!!!

[daddy warbucks] 17/12/2015 21:32

Thanks debbiegee. It was something he said in the YouTube clip and was displayed on the screen. I am sure he said the remaining coal in the deposit after 25 years supplying 30 to 50 million tonnes a year was an enormous amount and no account of that was taken when estimating the compensation claim.Maybe I misheard or read it incorrectly.

[daddy warbucks] 17/12/2015 19:10

Am I right in understanding that the 1.3 billion claim is based on the mine and potential coal that would have been mined? It takes no account of the majority of coal that would have been left in the ground?

[debbiegee] 17/12/2015 18:06

I agree.
The day when we were suspended temporarily pending news many of us were rubbing our hands thinking it was good news !
We had been told chl were weighing up the options with suitors between those that wanted jv or to buy parts or possibly a full t/o.
I cant remember why but we seem to have reason to think a blue chip co was amongst the suitors.
Many seemed to think £5.00 for full t/o was feasible !

[weegeordie] 17/12/2015 17:36

Also there were a good number of suitors for a partial or full takeover at the time so they should (imo of course!!) take that ino consideration when calculating the potential losses.

[frak] 17/12/2015 17:14

thx rettah... that's good to know!

[rettah] 17/12/2015 17:12

The valuation was based on something like a $46 coal price (from memory) so not much different from where it is currently.

[frak] 17/12/2015 17:11

Agreed debbiegee and so it should be! I was just interested to find out that our main Arbitrator (Gabrielle) did not take that approach in her most recent case! Indeed the reason for 'partial dissent' (document in my post 850) given by one of the other Arbitrators in the same case was ...quote by Brigette Stern

"I will try to explain why, in my view, the valuation should always be made with the expectations of the claimant at the time of the expropriation"

[debbiegee] 17/12/2015 16:53

David Quinliven actually said in the presentation that its a pure arbitration play and nothing to do with the price of coal now but the value of the project then.

[frak] 17/12/2015 16:48

If Gabrielle calculates compensation around 'award time' and 'post data' (i.e. current market conditions as she did in the Quiborax case) it'll be a lot less than $1.3b! [see my post 850]

It will still be many multiple of 18p which is why I'm here!

[debbiegee] 17/12/2015 16:41

Dont forget $ rising increasing the value of whatever the payment might be ?

[bones30] 17/12/2015 16:30

This is going to sound a bit weird, but given market volatility, resource stocks as a rule doing badly, interest rates rising, indices looking toppy, where better to put your dough?

[melodrama] 17/12/2015 16:28

Cheeky late buy of 100k just posted

[bones30] 17/12/2015 16:27

Just noticed that myself. They want full ask too.

[love it] 17/12/2015 16:26

100K 18.2p somebody wants to play at a premium