Cloudified Share Discussion Threads

[daddy warbucks] 04/9/2015 11:26

FRAKYou were impressed by the last RNS, so what if the next one says Rachmat Gobel is returning to the board?

[frak] 04/9/2015 11:15

yep, both mine

[pembury] 04/9/2015 11:02

The 15k at 28.375 was a buy, as was that 6.5k just gone through

[trjones2] 04/9/2015 09:53

100 posts and no sign of that muppet dddt,this thread seems to be working

[daddy warbucks] 04/9/2015 09:26

Let's wait and see. Hope no one has any short positions at the moment. A suspension could come at any time!

[daddy warbucks] 04/9/2015 08:29

The infamous "1" share. ;0)

[daddy warbucks] 04/9/2015 08:19

News on the way?

[daddy warbucks] 03/9/2015 21:13

From the above post....."The ministry has recorded a total of 10,432 IUP holders as of end of June. Of that figure, only 6,156 have secured the Energy Ministry's clean-and-clear status."Isn't it funny how the ROI couldn't find some of its documents and wanted to rely on Churchill's copies for the tribunal hearing?Could it be they had incriminating initials and signatures on them which would have blown their case out of the water?

[mrshaungcm] 03/9/2015 19:14

hxxp://jakartaglobe.beritasatu.com/business/governors-will-power-revoke-miners-permits-energy-ministry/
Starting Oct. 1, Indonesia's governors will lawfully become "executors" in revoking the licenses of miners that fail to secure a "clean-and-clear" status, which includes various obligations to the state.

The Energy Ministry's directorate general for minerals and coal is reviewing all mining activities currently running in the country, checking whether miners are complying with their obligations to the state, which include paying royalties, preserving the environment and ensuring their permits don't overlap with other mining areas or other business permits.

According to Law No. 23, 2014 on regional governments, governors will secure the mandate to revoke licenses of miners operating with Mining Business Permits (IUP) that fail the "clean-and-clear" requisite starting from Oct. 1, according to Sri Rahardjo, program director of mineral and coal at the ministry.

"We'll classify IUP holders that are still not considered clean-and-clear," he said, underlining that miners have less than a month to comply.

The ministry has recorded a total of 10,432 IUP holders as of end of June. Of that figure, only 6,156 have secured the Energy Ministry's clean-and-clear status.

Miners are urged to re-check their licenses to ensure they don't overlap with other mining permits or the business permits of other companies. They must also review their royalty payments and annual charges, like land rent or dead rent.

Miners will also have to submit a report detailing their exploration activities, documents of feasibility studies and environmental permit papers.

The ministry will work with the Corruption Eradication Commission (KPK) to review the status of each miner.

[debbiegee] 03/9/2015 15:50

8 hours ago

Im trying to find out when the Indonesian Trade Delegation is coming here.

[mail2] 03/9/2015 11:48

spread 28/30 yet can buy around 28.50p £3k

[qut] 03/9/2015 11:08

From the above:-

'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.'

Wouldn't apply to CHL then as they haven't been 'producing and commercially selling their products.'

[debbiegee] 03/9/2015 09:17

mms hardly stressed with trades but looks like they are putting yesterdays trades through now .

[debbiegee] 03/9/2015 08:49

We have paid our rent or dues to the local authorities bacause that fact was used in court.
ie: how come you took our payments on a regular basis if you did not know us ?

There are a lot of cos mining even illegal ones so aimed at them.
Also many cos have not had a good year and are behind with their bills ?

At this stage I certainly would not think the article was aimed at us and if we have to pay something hey ho we will .

[daddy warbucks] 03/9/2015 08:47

Dead rent is the rent fixed for mines without considering the fact whether the mine is profitable or not. It is mostly fixed in a mineral lease. This rent must be paid whether or not minerals are being extracted from the mines. Even though mining comes under the category of one of the most hazardous occupation and expectation of profit is limited, mining leases fix dead rents on mining sites.I have pasted the above, because I didn't know what dead rent meant.For what it's worth, the ROI took back the licences from Churchill and I cannot see how they could then be claiming tax from the company. As I say maybe the Indonesians way of putting pressure on people to pay up.

[daddy warbucks] 03/9/2015 08:38

I think it said no companies have been named......so far.

[debbiegee] 03/9/2015 08:37

I didnt see churchill mentioned in the article so assumed it was a bit O/T

[daddy warbucks] 03/9/2015 08:36

Not saying it is the same, but these Indonesians will try anything to wriggle out of their responsibilities.

[daddy warbucks] 03/9/2015 08:36

I had to search for it but here is the piece on AFE.potential tax liabilityOn 2 April 2013, African Eagle announced that the Tanzanian Revenue Authority ("TRA") had undertaken a review of the previous tax filings of one of the Company's Tanzanian subsidiaries. The Tanzanian subsidiary and its advisers have recently been in further discussions with the TRA and have received communication from the TRA outlining its initial view of the liability for the period up to 31 December 2012 (the "Tax Estimate"). After significant discussion with its advisers and within the Company's interpretation of the relevant Tanzanian tax regulations the Company has agreed with its auditors to reflect a value of approximately £600,000 as a provision in the Accounts. Whilst no formal tax demand from the TRA has been received, the Directors of the Tanzanian subsidiary, advised by the Company and its tax and legal advisers, will continue to discuss the matter with the TRA in the hope that this matter can be brought to a satisfactory close as expeditiously as possible. Neither the Tanzanian subsidiary nor the Company can forecast the level of any potential tax assessments or tax liabilities with certainty and there can be no assurance that the Tanzanian subsidiary will not be subject to a materially different value in any assessment it may receive. Further announcements will be made in due course, as necessary.Enquiries:

[daddy warbucks] 03/9/2015 08:29

Are they just putting pressure on Churchill?I had shares in AFE, and they hadn't mined or earned any profit, but they were subject of an investigation into tax.

[debbiegee] 03/9/2015 08:26

HMMMMMMM we havnt done any mining or earnt any money yet ,how can we pay tax ?

[daddy warbucks] 03/9/2015 08:23

I wonder if Churchill are amongst the companies ALLEGEDLY owing tax?