Cloudified Share Discussion Threads

[sos100] 13/4/2016 18:35

I think a lot of people feel the same way wulber though I split it two ways but just wish I had stayed out of a stock in which the management and staff spent time reading bulletin boards...

Having said all this I still feel Oxus will be appealing..

[wulber] 13/4/2016 18:07

Only got a small stake here and wish id stayed out of OXS and fully invested here!Hindsight is a wonderful thing.

[daddy warbucks] 13/4/2016 18:06

If Churchill hadn't paid the ROI's fees, would the ICSID case have ground to a halt?It wouldn't surprise me if that is what the Indonesians thought. I bet they also didn't think Churchill would pay the $200,000 that ROI owed.

[stephen1946] 13/4/2016 18:00

Maybe we will get a reaction from ROI sometime later today or tomorrow. Now that would make fabulous reading.

[guyswonga74] 13/4/2016 17:59

And think of the volume tomorrow as the RNS only came out half way through the days trading

[guyswonga74] 13/4/2016 17:58

Very strong into the close. People will digest this over night and I expect a gap up on the morning and a push to 30p

[top_banana1] 13/4/2016 17:48

Biggest volume ever

[flyingc] 13/4/2016 17:30

rbento (2297)

You wrote "If Indonesia wanted to give up they would have to first settle with CHL"

Not so. ROI can simply disengage with the process (parties do this in courts and tribunals around the world daily) and let the process play out without them. They don't have to settle first. But as the RNS says they are then in default and judgement can be granted against ROI on application to ICSID. That judgement can then be enforced.

We're not at that stage yet, but even if ICSID did as you suggest and just let the case carry on the damage to ROI's standing in ICSID's eyes would probably be terminal for their case.

You also wrote "not paying the fees is probably a tactic to further constrain CHL's cash flow."

That might be their thinking, but it's pretty foolish for ROI to behave in that manner in the full glare of ICSID, ie ignore a default notice for terms they previously agreed to, and thereby to paint themselves in such a negative light. CHL's funding is largely a matter of public record, so why on earth ROI would think 200K would bring CHL to their knees is bizarre.

The endgame hasn't come yet - but it's getting closer and it doesn't look good for ROI now.

FC

[johns288] 13/4/2016 17:14

Hi guys got in today at 14p. Looking good here and a nice snippet from the internet

hxxp://www.morningstar.co.uk/uk/news/AN_1460547406582918900/indonesia-may-exit-case-against-churchill-mining-after-failing-to-pay.aspx

[frak] 13/4/2016 17:12

Bet the next thing we hear is that the ROI's USA lawyers have resigned! .. probably cos they've not been paid either!

[keya5000] 13/4/2016 17:06

Rbento no disrespect but at what level is your involvement and does it relate to a similar commercial level that we see here?

[fidra] 13/4/2016 17:04

Yes you may be, but is it an ICSID tribunal?

[rbento] 13/4/2016 17:02

I'm on an arbitration now where one side has to pay all the costs.....

[frrinvest] 13/4/2016 17:00

rbento it would be a risky tactic by ROI, let alone being foolish. Nah I don't buy your argument in this regard.

[rbento] 13/4/2016 16:59

Don't get me wrong though. I still agree that ROI most likely know they will ultimately lose!Settlements normally come right before the hearing. For now I assume they are just trying to mess with CHL some more.

[debbiegee] 13/4/2016 16:57

Yes I agree no forecasts and no final price guesses please.

[rbento] 13/4/2016 16:56

Stephen, tribunals will ask the other side to pay if one side fails to cough up and then that's it. The case then goes on as usual after payment is made.If Indonesia wanted to give up they would have to first settle with CHL. Not paying the fees is probably a tactic to further constrain CHL's cash flow.

[frrinvest] 13/4/2016 16:55

carlo you right. Nobody will pay $200K fees if they didn't have the confidence of a positive outcome. Speaks volumes (excuse the pun) and hopefully patience will prevail at last. Good luck.

[mac_steven] 13/4/2016 16:50

No competitions please! Usually the kiss of death.Let the market decide the price.There have been plenty of forecasts on this thread to last a lifetime.
Should be a strong open tomorrow and a good run up to the 20th though.

[carlo sartori] 13/4/2016 16:49

A VERY significant day for Chl in my opinion.
The fact that an ICSID ruling has enforcement teeth via the freezing of foreign assets means that RoI cannot stick their head in the sand and hope this goes away. WHY they would antagonise ICSID like this is beyond me?
In any case it brings the judgement day closer. All the signs seem positive for a favourable judgement for Chl..............Directors buying in again, RoI refusing to pay their share of the ICSID fees (if they felt the ruling was going to be favourable they would be paying up without delay), Chl being comfortable to pay the $200,000 fee on RoI's behalf to ensure ICSID can continue their work etc.

To be honest the biggest issue of the day for me was that about 7% of the Company's shares changed hands today. Given the VERY SIGNIFICANT upside potential of the share I am surprised that so many were prepared to offload in the 13p-23p window..............all after the RNS was released?

On a side-point I think the poster who considered the RNS to be a Non-RNS is quiet mistaken. The fact that Chl volunteered to pay the obligations of the RoI to the tune of $200,000 is very significant from a cash-flow perspective, as an explanation of the need for the fund-raising and as a significant event in the only business in which the company is now engaged - arbitration against the RoI.

Onwards and Upwards.

Very sorry to lose Dalailama yesterday.

GLA,

Carlo.

[flyingc] 13/4/2016 16:45

What a great day.

It started off with BlackSS telling us all why CHL was a poor prospect, before admitting he held no shares and wasn't going to either, but he would be happy to give us the benefit of his wisdom.

Then, five minutes after noon BOOM !

Looks like ROI are holed below the waterline in this case, for reasons that may not yet be fully apparent. There is invariably more to these matters than meets the eye - this was the FIFTH payment - not the first, second, third or fourth. Why default now, unless as Stephen says (2285) they have simply decided not to throw any more good money after bad ?

Plenty of upside in the share price still. Looks like a rollercoaster for 7 days awaits us CHL longs. And if by the end of the 7 days ROI haven't coughed up and begged ICSID to be allowed to continue who knows where the share price will be ? Far north of here - that's for sure.

GLA

FC

[keya5000] 13/4/2016 16:43

Rbento only tribunal you have been involved with is when you got fired for making inappropriate comments to the new boy in your office.

[frrinvest] 13/4/2016 16:42

Quite amazing volume > 11M shares traded today. Must be a record, means something?! I'd take £2.50 per share if ROI offered?