Cloudified Share Discussion Threads

[daddy warbucks] 13/4/2016 20:12

Looking to see if anything in the Jkarta post and found this. Note the date the President is visiting Britain. ...Indonesia plans to reaffirm its partnership with the United Kingdom to boost the creative economy industry, including music, film, fashion, art and digital development."We want to merge culture and the economy in the country. So it could be monetized and increase people's welfare," Creative Economy Agency head Triawan Munaf said on Tuesday."We want to learn a lot from the UK, sharing information about the market, both commercially and non-commercially, which is the downstream of creative economy industry. We also want to learn about various financing models in the industry."The five-year partnership will be stipulated in the amended memorandum of understanding (MoU), initially signed by Tourism and Creative Economy Minister Mari Pangestu in October 2012, under the Yudhoyono administration.President Joko "Jokowi" Widodo and Triawan will be visiting England on April 19-20 to sign the amended MoU, which includes 16 sectors of creative economy industry in the country namely advertising; architecture; craft; culinary; digital development; fashion; film, animation and video; fine arts; interior design; literature and publishing; music; performing arts; photography; product design; television and radio; and visual communication design.

[debbiegee] 13/4/2016 20:07

They only know their bullying and contemptuos tactics lol
Used to playing in their own backyard LOL

[debbiegee] 13/4/2016 20:07

They only know their bullying and contemptuos tactics lol
Used to playing in their own backyard LOL

[stephen1946] 13/4/2016 20:04

ROI seems to deserve the tag, Maverick state. This is a huge gamble they are taking, unprecedented contempt of a regulated, agreed proceedure.

[guyswonga74] 13/4/2016 19:57

Indeed that's my take on events. The case for RoI is significantly weakened now and that is why many more will
Be rushing to buy the stock. Such a small free float also. Some great blue days ahead

[pb01] 13/4/2016 19:51

A fantastic day for Churchill shareholders.

I can't understand the ROI tactics here at all. They are completely shooting themselves in the foot. They've withheld evidence, been damn awkward, evasive, raided CHL office, the fire etc.... Not to mention Isran NOOR not turning up at the recent hearing and his evidence being struck off. The case for the ROI is in complete tatters and they are making complete fools out of themselves. The non payment of these fees (which are peanuts to the government) adds to a long list of incompetent behaviour from a corrupt and inept government.

We have to remember the share price was north of 140 pence/share before all this kicked off and credit Suisse had takeoff agreements already lined up. DQ in his December YouTube presentation in the link in the header has talked about the full claim plus interest to be around 720 pence per share. Ok I very much doubt we would get that but any settlement will have to be significantly north of 200 p to have any chance of getting board recommendation.

I felt very confident before today about CHLs prospects of winning. Today's announcement just strengthens that significantly further.

Happy days.

[debbiegee] 13/4/2016 19:50

Pat like I said I dont like talking about targets and hope to take all or nothing

[debbiegee] 13/4/2016 19:49

There have been lots of good posts/research here today and good expianations answers and theories.
Many missed because of 1 liners like Going to 30p noise.

[frak] 13/4/2016 19:43

I'm beginning to believe that the ROI are/have been trying to do a deal and CHL who are having none of it.. i.e. the stuff about it all being over by March! All this is keeping the pressure on for a better offer..

Also is in tune with Surdiman (ROI Resources minister) saying a few months back that it's better to settle out of court (re: that Indian company that's going to arbitration over overlapping licences).

[frak] 13/4/2016 19:33

Blimey debbiegee.. didn't know about that! You should be in the detective business.

[patviera] 13/4/2016 19:33

Debbie geeIf the best we can hope for is 50p on a tribunal decision will U sell at 35p tmrw if we get there?My tgt has been hit ..I said 25pI think tmre we will be 30pThen toss a xaiun

[debbiegee] 13/4/2016 19:32

Ireminsces
Im sorry I and others do not wish to have a competition and others have also always understood when I have said the last thing we want is an average target expectancy when the board could be negotiating .

How would it be if we looked happy to settle for X22 if the board were hanging out for X33 ?

[frak] 13/4/2016 19:15

Where the h*ll is BR!

[frak] 13/4/2016 19:09

Well Isran, you've got about 60 days to leave the country and seek asylum in Zimbabwe

[frak] 13/4/2016 19:03

Agreed keya5000 .. I'm just impatient I suppose

[frak] 13/4/2016 19:01

Looks to me like a rule that encourages just more delay!

[keya5000] 13/4/2016 18:58

Frak that is quite obvious but it puts the non compliant party in a very awkward position

[frak] 13/4/2016 18:53

Like this bit!

Failure of the defaulting party to appear or to present its case shall not be deemed an admission of the assertions made by the other party.

[frak] 13/4/2016 18:47

Extract from RNS:

(v) invite Indonesia to provide unequivocal confirmation that it is still participating in the arbitration and put Indonesia on notice that if it does not provide such confirmation by 6pm Singapore time Wednesday 20 April 2016, Churchill will bring an application under Rule 42 of the ICSID Arbitration Rules and ask the Tribunal to fix a schedule for the completion of this case without the participation of Indonesia.

Here's Rule 42!


Rule 42
Default
(1) If a party (in this Rule called the “defaulting party”) fails to
appear or to present its case at any stage of the proceeding, the other
party may, at any time prior to the discontinuance of the proceeding,
request the Tribunal to deal with the questions submitted to it and to
render an award.
(2) The Tribunal shall promptly notify the defaulting party of such
a request. Unless it is satisfied that that party does not intend to appear
or to present its case in the proceeding, it shall, at the same time, grant
a period of grace and to this end:
(a) if that party had failed to file a pleading or any other instrument
within the time limit fixed therefor, fix a new time
limit for its filing; or
(b) if that party had failed to appear or present its case at a
hearing, fix a new date for the hearing.
The period of grace shall not, without the consent of the other
party, exceed 60 days.
(3) After the expiration of the period of grace or when, in accordance
with paragraph (2), no such period is granted, the Tribunal shall
resume the consideration of the dispute. Failure of the defaulting party
to appear or to present its case shall not be deemed an admission of the
assertions made by the other party.
(4) The Tribunal shall examine the jurisdiction of the Centre and
its own competence in the dispute and, if it is satisfied, decide whether
the submissions made are well-founded in fact and in law. To this end,
it may, at any stage of the proceeding, call on the party appearing to file
observations, produce evidence or submit oral explanations.

[mac_steven] 13/4/2016 18:47

The fact that Churchill paid the $200k shows how confident they are IMO.