Cloudified Share Discussion Threads

[frak] 03/9/2015 08:22

$705 million unpaid tax. They can use it settle our claim ha ha.. over £3 a share!

[mrshaungcm] 03/9/2015 05:47

hxxp://jakartaglobe.beritasatu.com/business/govt-chasing-unpaid-royalties-charges-worth-rp10t-miners/
The Indonesian government, through the ministry of energy and mineral resources and the ministry of finance, is chasing 2,000 unpaid bills from miners that could potentially add to state coffers by nearly Rp 10 trillion ($704.8 million) in the form of non-taxation revenue.

The energy ministry on Wednesday had a discussion with the Corruption Eradication Commission (KPK) over the legal standing of the unpaid bills.

Bambang Gatot, the coal and minerals director general at the energy ministry, said the 2,000 unpaid bills have different periods, from 2001,2007, 2008 and 2011.

He declined to reveal names of the companies still in debt to the government. They have, so far, received no sanctions, but were given a warning letter.

The KPK said the mandate to make collections is also the responsibility of the ministry of finance as the state treasurer, according to Sri Raharjo, program director at the coal and mineral directorate general at the ministry.

Hidayat declined to go into details about the bills, but they include royalties, annual charges like dead rent and land rent, and fees from coal sales.

"If these bills still aren't paid after three warnings, then [the case] will proceed to the state receivable office," he said.

Non-tax revenue from the energy sector reached Rp 19.7 trillion in the January-August period, or equivalent to about 37.7 percent of the entire year's target of Rp 52.2 trillion, data from the energy ministry show.

Contacted separately, Budi Santoso, a director at the Center for Indonesian Resources Strategic Studies (Ciruss), said the government should respond to the unpaid bills wisely, amid the current slowdown in the mining sector on the back of falling commodity prices.

"The unpaid bills must be reviewed case per case, whether it is from miners that have been producing or operating in exploration stages," he said.

Budi said he agreed the bill should be brought to the state receivable office, but notes the move should only apply to miners who have been producing and commercially selling their products.

Indonesia is a major exporter for a number of mining products, including coal, nickel and tin. Miners in the country enjoyed windfall profit from high commodity prices back in 2011, but in the past few years, amid the global economic slowdown, prices of commodities have fallen, hurting investment in the sector and sales of existing miners.

[debbiegee] 02/9/2015 23:20

rossamon I agree

I think it will happen but I dont think a timeplan can be applied but hey were used to surprises here good and bad :-)

[debbiegee] 02/9/2015 23:15

Stephen,

I agree I just think ISCID have to appear to be fair and going round and round to trip them up and incriminate themselves or give them enough rope to hang themselves.
I think thats what all the questions in PO20 are about.

After the burglary there were a round of questions and their lawyers ran rings around us unfortunately.
We have since changed lawyers so lets hope they dont miss any tricks when they answer this set of questions,


Its a terrible thing to think but because of the burglary the fire in their office will also always be looked upon with suspicioun.

Im sure they are tough nuts to crack though.

[stephen1946] 02/9/2015 20:47

Debbie, the raid by ROI police on Churchill offices in Jakarta on 29 Aug 2014, whilst icsid tribunal was in session, seems to have been forgotten. This form of intimidation is expressly forbidden by icsid rules.

I really cant see this fiasco going on for much longer, this is not wishful thinking ramping or any other such skull doggery, pure common sense.
ROI have gambled and lost.

[debbiegee] 02/9/2015 15:15

Thankyou and you too :-)

[goldenhello] 02/9/2015 15:05

Many thanks Debbie

[goldenhello] 02/9/2015 15:05

Thanks Debbie. People who have been involved in this share for the last few years will know that we have a potentially once in a lifetime opportunity here. Your analysis has always been spot on Debbie. If people knew the potential here the share would be over £1 now. Good luck to all holders.

[debbiegee] 02/9/2015 14:50

It can be said with wishing to add in too much irony that the bulldog spirit will have been required by traders in shares of Churchill Mining over recent months. This theory is backed by the way that for example since the beginning of June we have suffered a sharp rally towards 60p, and then a pullback to the mid 20p’s. The hope now is that we are looking at a bottom fishing opportunity, with likely base building the result of the post July support points above the 200 day moving average now at 21.7p. There is also the backing of the floor of a rising trend channel in place on the daily chart from as long ago as the end of April, with the support line in question running at 26p.

The message at the moment is that provided there is no end of day close back below 26p one would be looking for a partial or even full retest of the best levels of this year to date towards 60p. The timeframe on such a move is the next 1-2 months. Only those who are concerned about Churchill Mining’s volatile near term history would wait on a break back above the 50 day moving average at 35p as a momentum trigger before taking the plunge on the upside.

- See more at:

[goldenhello] 02/9/2015 14:47

What targets did Zak suggest Debbie?

[debbiegee] 02/9/2015 14:42

Fri 28.8.15

[debbie_does_dallas_twice] 02/9/2015 12:58

hark at wee (Debbies) post above,less than subtlety telling everyone to go to her new North Korean style CHL thread

Bye bye wee, dont worry you can still post in your other names sweetie!

Check this out. This is first of many many hundreds of her posts promising settlement is very close at CHL. Posted, wait for it......... 4 years ago LMFAO.

debbiegee - 03 Dec 2011

On the other hand a solution COULD be just around the corner and I wouldnt want to be out if this fiasco was suddenly solved.

[weegeordie] 02/9/2015 12:56

Andy - I do have them on filter - not sure why you are so sensitive about it - if you can't moderate then you have no control whereas Debbie is a blue holder and can - this thread has become overrun by those on filter and is not pretty reading. The thread has served its purpose for so many years but is now spoiled imo so another thread may be what is needed in today's climate. I will continue to read informed posts on here as well as on the new thread as will others I am sure.
WG

[p@] 02/9/2015 12:47

Nice price improvement today,bout time too!

[debbie_does_dallas_twice] 02/9/2015 12:41

HA HA HA exposed and Busted!

There you go, we are dealing with a barefaced, hypercritical, shameless lying snake.

This more evidence of the sort of deceit being used on these CHL threads!

[evil_doctor_facilier] 02/9/2015 12:37

Shorting scum! Did any one mention shorting gang scum???

debbiegee - 05 Dec 2011 - 08:54:38 - 116089 of 312993
jussy tried to join you short at 77 but was not quick enough as bloomberg stated to watch italian bondss again as they are rising

[debbiegee] 02/9/2015 12:08

See list of major shareholders

Goble is Gobel investment he has 1 of his directors on board
Vidacos is Pala and he has a man on board
Cause First Ventures now also have a man on board

[debbiegee] 02/9/2015 12:02

Our new director was not in goverment ,you are confusing 2 stories.

[theorb] 02/9/2015 11:58

I hope you are all right and have also considered most of the positive arguments but when you have a vested interest in a share doing well as us shareholders do, it is all to easy to only see the positives and avoid the negatives. Our new director is maybe not competent in government but is good at getting himself money which suits me.

[baxter99] 02/9/2015 11:51

Rachmat Gobel was already a multimillionaire when he invested several million pounds in CHL in May 2011 for 40p a share when the share price was around 25p.

[debbiegee] 02/9/2015 11:17

The trade minister is coming to the uk to seal 1b credit and juicy trade deals soon.
It would have been a vast conflict of interest had they sent Gobel ?

[theorb] 02/9/2015 11:08

debbiegee

Well I suppose he is just maintaining the status quo which is a better explanation as far as we are concerned, but if he had been a competent trade minister that would also also reassuring.

[debbiegee] 02/9/2015 11:07

Theorb ,also I dont think its anything to do with income,the directors are taking shares as wages.
I think he wants to be close to the action as he has a major holding.
How often have we wished we could be flies on the wall ?
He could have asked for this position at any time but has asked for it now.