Cloudified Share Discussion Threads

[stephen1946] 27/11/2016 11:22

Isran Noor, it my understanding that ROI instructed Noor to stay away, also to avoid video link.
They must have good reasons for doing so. ROI legal team will be world class, so for that advice to be given, must raise doubts as to Noors worth.

[stephen1946] 27/11/2016 10:38

Post 673 is worth another read. Explains quite a lot.

[stephen1946] 27/11/2016 10:26

Good Morning, E.D.F. Incisive post. Thank you.

[evil_doctor_facilier] 27/11/2016 09:07

Good Morning Stephen.
Borneo International Resources (the company that Geo are buying) is unrelated with the CHL license issues and alas doesn't cover the same land.
From memory, i believe that area of mining is held by a company formed by Borneo International Resources Pte -called PT Sungai Danau Jaya (SDJ). who mine in the Sebanban or Banjar Regency of South Kalimantan.
This is what Geo are buying. If you look at the reserves stated by the buyers on that area, they are pitiful compared to amounts CHL exploration uncovered in the Kutai national park.

It is worth noting Churchill no longer have a license let alone a mine. Even if it wins the arbitration in a couple of years time. It would be paid out in cash. In no way will chl be reinstated back on the national forestry exploration land where it discovered coal .

So even if ROI did sell the land or issue new mining licenses it would strictly speaking not effect the Arbitration claim apart from making the asset grab look more obvious unless confidential pre arbitration agreements were signed on the area being 'stayed' until after the arbitration .
------
Other musings,
I really hope the one independent arbitration member on the panel of three, does not screw the CHL shareholders over and uphold the ROI laws on mining corporation with the government or having to be Indonesian to hold the KP exploration licenses. That is my fear!
It would be a travesty after yet again UK shareholders being screwed over by globalists elitist back handers on OXS last year with the crooked arbitration. I beg everyone to understand.
ALWAYS EXPECT THE UNEXPECTED!

To, punters/mugs/chancers/sheep/me

Please only punt what you can lose and still be able to enjoy xmas with your wife and kids if it all unfurls.
Pug-151 of whom i have been a bit harsh on in the past (Sorry) touched on the pain last year of losing a lot of money on these gambles with OXS and the effect it had on him over xmas. Don't be a 'gunslinger' a do or die hero and risk your happiness or kids xmas on the say so of a criminal ramper on the other thread. Understand, this is not as clear cut as she would have you believe!

The odds are against a win, but we live in hope!
good luck to all....as the normal minded silent readers know, i hold here and want CHL to win, but find the dishonest deceitful and downright criminal ramping on the other thread abhorrent!!

[maks1] 27/11/2016 07:25

petromindo certainly indicates that roi is getting ready for the fiture and having very busy weekend...interesting...

[stephen1946] 27/11/2016 06:57

Neo, you miss the point, the way roi are acting, it is as though roi are putting all the ducks in a row, clearing the decks and selling off stolen goods ready for Settlement.

The other mines are mentioned for clarity and knowledge.

[tivoliworldgaming] 26/11/2016 22:25

This is good news. As will mean they will owe Churchill extra compensation if they have already sold their mine.

[neo26] 26/11/2016 22:14

Doesn't effect us as we are in arbitration.They can do what the like to other mining firms...

[tivoliworldgaming] 26/11/2016 21:45

Can only be good for Churchill to get an even bigger payout.

[stephen1946] 26/11/2016 21:33

DDDT and EDF, Would you mind giving your opinion on the Petromindo headlines on the churchill thread, post 25137.

Wed 23nov, geo energy completes acquisition of e.kalimantan coal firm?
Could that mean ROI have sold on CHL mine? There cant be many large mines in that area, after all chl mine contained billions of tonnes of thermal coal.

Sat 26th Nov Golden energy to acquire 2 coal assets next year?
It seems consolidation is happening and appropriation.

Sat 26 Nov, this is quite remarkable and unbelievable if it means what i think it means, the text is; The government have been ordered to issue regulation on IPO option for divestment of mining firms.
My take on this is, ROI have won the right to rescind the contracts of work of all mining companies in ROI and this piece of legislation will enable ROI to strip any objectors of their assets, their mines.

Your views would be interesting and helpful.

[spartikas] 26/11/2016 19:45

A few good posts over on lse by thetradersfocus.

[stephen1946] 26/11/2016 18:22

Just been through some of the posts on DDD, thread. Very interesting and please any newbies, ignore the people who say DDD is a fool, DDD takes you into bull areas and also considers bear positions and does so with intelligent, comprehensive explanation.

A fine example of DDD detective work is in post 398, where the blind eye aspect of the tribunal questions is isolated and answered in understandable, educated form. Imho it is a very clever piece of work by DDD.

DDD also answers, as well as anyone can, the question of illegality of licenses and permits taken from Ridlatama at the time, i say ddd has answered it as well as possible, with the caveat that the decrees and laws of indonesia are so very complex and ultimatly confusing, i would defy anybody to nail that down, thats a job for clifford chance thats for sure.

But taken on face value, DDD is a poster to read,DDD knows the subject, plus DDD is scathing in the criticism of the namesake, which i would endorse.

Petromindo meanwhile have been extremely busy this week-end.

Details are scant but the headlines are sufficient for now,
Wed 23rd Nov geo energy completes acquisition of E.Kalimantan coalmfirm.
Sat 26th Nov Golden energy to acquire 2 coal assets next year
Sat 26th Nov Industry veterans to lead Golden energy mines
This is a most interestment piece.

SAT 26TH NOV. GOVERNMENT HAS BEEN ORDERED TO ISSUE REGULATION ON IPO OPTION FOR DIVESTMENT(DEPRIVE, DISPOSSESS OR ASSET STRIP)OF MINING FIRMS.

Golden mines is quoted on ROI stock market and is the group of Sinarmas.
They operate in Sth Kalimantan, Central Kalimantan and Sth Sumatera.
H.Q is in Indonesia.

[debbie_does_dallas_twice] 26/11/2016 14:40

Pat, with the greatest respect, can you please keep this vacuous nonsense with neo on your own thread. If you do not want to discuss the license forgery claims or the arbitration process there seems little point in posting here!



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One area of the ROI claims on the license, that being overlapping law is of relevance in this protocol hearing,or so i believe!


The four KP licenses (EXPLORATION )that the Indonesian Ridlatama Group where awarded in 2007 and subsequently CHL bought a 75% interest in were original held by Indonesian Nusantara Group. Churchill and planet mining now claim that these licenses issued to Nusantara expired in 2006.


By ROI law mining permits can only be acquired by ROI citizens or entities that have its majority shares owned by ROI citizens. (Yeh i know, they don't tell you that on the ramping thread do they?)

Now here is the concern for Churchill, once they bought the 75% interest in the licenses from Ridlatama ,this law was effectually breached.

ROI could argue that under their own state law the purchase by CHL of the licenses were not legal.
Another worry for CHL is that under ROI law any foreign investment that is established in mining must be and moreover can only be with a joint agreement and coop with with the government of the Republic of Indonesia.
Again if the arbitration panel respects the ROI law then Churchill obviously fell foul of that law also.

That said in CHL defense in both 2007 and 2008 the he Regent of East Kutai on two separate occasions had chance to question the license and on both occasions insisted they were in order and fully compliant.
Clearly it is of relevance that the license only started to be scrutinised by the ROI after the huge coal reserves were discovered.

Obviously this looks a clear case of asset grabbing by the ROI. That said, as in the OXS case, if the arbitration can see asset grab but still respect the process of sovereign law. Then under ROI law, CHL acted illegally when buying the license when not being Indonesian and not setting up a mining co-op with the government of ROI.
Those laws are quite clear and unequivocal.
Patently, this is not as clear cut as some on the other thread would make you believe.

[neo26] 26/11/2016 13:58

DebI agree with that statement. Everyone for themselves.What I don't understand with negative posters who keep going on the forgery case being complicated is that the onus is on party who files the case to prove their case.The tribunal are not private detectives they will not go out and start collecting evidence, its up to Two parties to provide docs to the arbiters. Roi have thrown allegation after allegation in the forgery case but have failed to provide concrete evidence imv. Roi could have easily given police investigation documents and anti corruption docs to the tribunal and ask for confidentiality(like they have with some docs) but they deliberately didn't give them as it didn't fit their narrative.Hopefully by end of this week coming we should get verdict it can be great or it can go downhill for us, everyone has chance to be in or out. Dyor and don't blame anyone afterwards.GL

[debbiegee] 26/11/2016 13:13

At this point in time anybody long or short should have done their own research , made up their own minds and be comfortable with their decisions.
None of us are here to advise and are only responsible to ourselves if we have made the right or the wrong decision.
Most of us are aware of who is who here and exchange views comfortably which is all we ask for.
Any accounts set up just to ask us questions at this time are not genuine and perhaps created to disrupt or sway sentiment in 1 way or another.

G/L all

[patviera] 26/11/2016 13:06

Neo Stop telling posts there's no down side to our share price if we loseThat's a lie

[wulber] 26/11/2016 10:41

Well done Stephen and agree with you, hence why I am about 75% for a CHL victory

[neo26] 26/11/2016 10:34

You only pop out when there is decision pending, go do your own research.

We don't need Messiah to tell us where to invest or not.

Don't know why you are wasting time?

No more posts...

Do you have an stake in this company long or short? If you don't stop wasting time..