Share Name Share Symbol Market Type Share ISIN Share Description
Churchill Mining Ord GBP0.01 NEX:CHL NEX Common Stock GB00B1318J18
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 0.00 -
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 0.00 GBX

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Date Time Title Posts
15/7/201908:46Churchill Mining16,138
23/5/201911:10Churchill Mining41,007
01/5/201907:33the bungle in the jungle54
30/4/201923:25NEVER CATCH A FALLING KNIFE17
30/4/201923:25mc4

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DateSubject
07/3/2019
13:45
nick2412: KRG - fraud could still be put forward after annulment but, as covered below, it would be a tricky one. Yes rossannan, not 30p to 40p initially. There are a few plus and value enhancing factors that would come in to play IF Chl win though. So, in theory, the enhanced prospect pf CHL getting a good award would come into play once trading settled. The value of any claim is likely to be revised and increased substantially. Remember, it's not $1.3b now but that figure plus a substantive interest amount to be added that continues to rise. ROI is going to struggle to play the unauthentic licenses card in the future. The vast majority of mining licenses have competing claims because of the systemic corruption throughout the country. State responsibility must come into play here. If Chl do win then the ad-hoc will cover state responsibility and it will be CHLs favour. If so, then even if a fresh case starts would ROI want to try again on something they have been found failing on? Or would they want to settle? The enhanced prospects of OOC settlement will be a factor determining where the share price settles if we win. We just have to await the result though as these factors will, of course, be irrelevant if annulment fails.
07/3/2019
06:48
lithological heterogeneities: CHL - 18 FEB 2019 Shares in issue.....163,016,118 Share price............3.5p Mkt Cap.................£5.7m CHL ICSID Arbitration: 23 Jun 2014.....Submits US$1.315 billion claim. 07 Dec 2016.....Lost claim 31 Mar 2017....Annulment claim submitted "mid march 2019".....Annulment decision date. Rusoro Mining ICSID Arbitration: 21 Mar 2023.....Submits $3.03 billion claim 23 Aug 2016.....Awarded US$967.77m ($1.2b+ with interest) PERSONAL SUMMARY: Rusoro Mining won an award of 39.6% of their claim (including interest). If (big if) CHL win the annulment then they could,eventually, receive up to (emphasis on "up to") 39.6% based on the Rusoro award (maybe alot lower or higher, anyones guess), then 39.6% of CHL's claim of US$1.315 billion (including interest) would be $520.74m or £403.3m at todays exchange rate. Currently CHL have a Mkt Cap of £5.7m at 3.5p and a £403.3m award would equate to a share price of £2.48 should they get a similar award. Even if CHL win are awarded only half of that,ie 20% then thats still £1.24. From a personal perspective i bought into CHL at 30p+ before they lost the decision but have bought several times since at 2p-3.5p. Fingers crossed.
25/2/2019
22:14
bobic: Am I correct chl share price finished at 2.95?Stayed down all day and finishef no change.
19/2/2019
09:36
lithological heterogeneities: From another BB:xxxyyyzzzRusoro claimed $3b, won $1.2b.CHL - 18 FEB 2019Shares in issue.....163,016,118Share price............3.5pMkt Cap.................£5.7mCHL ICSID Arbitration:23 Jun 2014.....Submits US$1.315 billion claim.07 Dec 2016.....Lost claim31 Mar 2017....Annulment claim submitted"mid march 2019".....Annulment decision date.Rusoro Mining ICSID Arbitration:21 Mar 2013.....Submits $3.03 billion claim23 Aug 2016.....Awarded US$967.77m ($1.2b+ with interest)PERSONAL SUMMARY:Rusoro Mining won an award of 39.6% of their claim (including interest).If (big if) CHL win the annulment then they could,eventually, receive up to 39.6% based on the Rusoro award (maybe alot lower or higher, anyones guess), then 39.6% of CHL's claim of US$1.315 billion (including interest) would be $520.74m or £403.3m at todays exchange rate.Currently CHL have a Mkt Cap of £5.7m at 3.5p and a £403.3m award would equate to a share price of £2.48 should they get a similar award. Even if CHL win are awarded only half of that,ie 20% then thats still £1.24.Make no mistake this is not an investment, its an out and out gamble, and the annulment night be rejected and you will lose the lot....but what if they win?Only invest what you can afford to lose on this one as there is a very high chance you could lose the lot.From a personal perspective i bought into CHL at 30p+ before they lost the decision but have bought several times since at 2p-3.5p.¬†Fingers crossed.
12/2/2019
08:48
nick2412: rossannan, I didn't red flag you as contrary views are useful, however, I don't think it's misleading as nico115's post only referenced the approximate claim (post any annulment) rather than the likely award figure. At the moment the claim is about 1b plus interest. After any annulment is achieved then the claim could even be higher than nico suggested although I doubt it. That's due to adding interest and the fact the existing claim was based on a limited number of years even though mining and profits could be extended for further years. That's been CHL's position. Agreed, if there is a future award or settlement it is going to be a percentage of the amount claimed but that's different. If CHL win this stage and there is no OOC settlement then there shouldn't be too extensive dilution because the share price will soar from current levels. Also, there is a precedent where one company got the legal funding costs reimbursed and dilution for these costs could be considered the same principle. I think all holders would be happy with a pound a share which would be about 20% to 25% if the current claim based on the current shares in issue and the current claim. But I have little doubt the 1b plus interest claim will increase substantially if CHL wins the day. Either way, if CHL gets an OCC settlement or a future award then returns will be multiples from current levels. If there is no annulment then aside from a possibility of a review then the investment will be lost. That's the risk/ reward.
12/6/2018
22:54
nick2412: theorb12 Jun '18 - 13:55 - 35901 of 35947 stephen, I guess that 'wasting court time' in an arbitration that is paid for by the 'combatants' does not figure quite so highly as wasting court time that is paid for by the public purse? ----------------------------------------------- theorb, it will be key for CHL in terms of invoking the Norscot and Essar precedent regarding claiming the litigation costs including what amounts to a 25% of award success fee. My understanding is that the best way for ROI to resolve this without complete loss of face (in other words 'burying bad news') would be a third party takeover of CHL. I don't envisage this possibility to arise until after a favourable annulment decision for CHL. I'd envisage a share price then of somewhere that equates to the m/cap pre the Tribunal verdict. Potentially it could be higher as it would be perceived that ROI have nowhere to go in terms of their main card 'forgery' aside from dragging things out through a second Tribunal. Forestry? Not sure they have any chance there. CHL can then either raise funds without excessive dilution at somewhere between 10p and 20p or prior to this ROI can 'broker' a third party takeover. That's how I see it panning out. ROI have behaved appallingly in terms of dragging out the process and since it has been their main strategy then they will be fully aware that they may well be liable for 'other costs' including the success fee element. They then have a decision on whether to allow an already potentially very high award to CHL to mount up each day via interest costs or settling - most probably by facilitating a third party takeover. From my reading of the Essar case, it gives a precedent for very high interest rates to be awarded by an arbitration tribunal as a means of compensating for legitimate legal costs - particularly if there is an element of 'bad' behaviour by the losing party. I'm no legal expert but the case is worth reading up on for investors because if CHL are likely to get almost full costs back then ROI is more likely to try and initiate a settlement. The alternative is facing a mounting bill with a substantially increased chance of losing. The other factor is that under a new Tribunal I assume CHL can submit a fresh claim that gives a substantially higher valuation for their expropriated asset. I think this would be closer to 2bn as the initial valuation only valued the asset for a limited number of years and that didn't reflect the true value of the resource or the potential for extensions. Interest plus a return of CHL's unavoidable litigation costs means CHL will have a very substantive figure to form a starting point for a settlement. It would be helpful if there were political and trade pressures for ROI to settle post the annulment decision but I don't envisage any help on this front from the British Govt. ROI may come to their senses as they need foreign investment and any foreign investor is going to do their due diligence and be aware of the CHL case. Also, the longer this case goes on the more potential there is for embarrassment to ROI senior politicians and, of course, ICSID. I suspect those with political ambitions such as Probowo and Noor would like to see the case buried.
03/12/2016
17:03
stephen1946: I dont understand the pessimism here, chl are home and hosed, possibly 80% proven, 20% impossible to judge, but enough to secure overall victory. What happens then? Leave out Mondays horrendous news concerning election turmoil worldwide which will have an adverse effect on investment in ROI and other emerging markets. By wed, thurs ROI finances will be in deep deep brown stuff. The USA also having decided not to invest in Asia. Next week will be most enjoyable watching ROI squirm, just where will chl share price go to? I will leave my ANTE right where it is and, CALL you ROI.
26/11/2016
09:33
debbie_does_dallas_twice: The problem i believe most people have with individuals that claim to be long term holders but who are really trading the shares in and out without disclosure, is the dishonest nature of their posts. When for example, they have a short term trade and they are suggesting "a settlement is near"or "the price is going to spike", they do so without informing about the short term trade they hold. They sure as hell tell us when they buy, but don't offer the same lip service when they sell do they? Can you see how this is disingenuous and deceitful and dishonest when the individual concerned are putting themselves up as the solid long term holder in it till the end, but really looking for a short term price move? With the greatest of respect, what profit? The CHL share price is lower now than when Debs started her holy war as a CHL jihadist many years ago . In your post three above this one, you reference Debs 'intelligent and rational posts' without citing or proving evidence of one iota of such qualities to prove up this claim. I asked you to re-post such like or provide a link to this material, you failed to do so. Now you reference her understanding of 'the auite complex history and context'. I again would ask you to provide copy of any of these qualities please! I would put forward that the myth of these 'intellectual' posts have been created by the tens of fake names debs employs to both converse with and reinforce the pigeon holed opinion that she holds. It reminds me of Mark Twains quote “Give a man a reputation as an early riser and he can sleep 'til noon.” only the reputation has been created by herself ,using all her names. I obviously am not alone in noting the alias names Debs employs. The 'Red tick' man seems on the ball. i note he only 'red ticks' Debs names.
22/11/2016
18:53
stephen1946: Something that kept occuring on the posts from oct 2009, and debbie and others from this thread commented on it many times was, a disruptive seller, and a buyer that distorted the market in CHL. When the bad news started to filter out, the disruptive seller had done his work in advance of the public being informed. Conspiracy theory? Maybe, but the minute chl get their notice from icsid regarding the decision details, these will be suspended, for one reason only. To prevent ROI having any effect, good or bad on CHL share price.
04/11/2016
08:52
mrphiljones: Interesting post from LSE: Vadlamani based in Singapore....there is no capital gains tax liability there. However if he left CHL shares in his company and price increased significantly to then draw off the money at some later stage he would be liable for income tax at 22% ish. However equally there is a further benefit to be had taking them out of company as again any considerable rise of CHL share price would be liable for corporation tax at 17%. So transfer the asset and limit potential taxable exposure for business in this calendar year. Quite simply if he expected there to be a reasonable chance to CHL shares devaluing significantly then we would certainly have left them sitting in the business to offset any profits from other activities. Huge bullish sign imo.....and that's before we discuss fact he is a very well connected guy in Singapore ;)
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