Cloudified Share Discussion Threads

[bossman1978] 26/9/2015 11:38

Help to pay the mortgage lol

[weegeordie] 26/9/2015 09:38

give it to me - I would know what to do with it! :)

[bossman1978] 26/9/2015 00:38

Special dividend maybe

[bossman1978] 25/9/2015 22:41

So if Churchill do win either in or out of court. What would be their plan for the compensation. Return it the shareholders or acquire another venture?

[mrshaungcm] 25/9/2015 19:05

hxxp://jakartaglobe.beritasatu.com/news/russia-reportedly-invest-34m-east-kalimantan-railway-infrastructure/
Balikpapan, East Kalimantan. The provincial government of East Kalimantan says Russian investors plan to spend Rp 500 trillion ($33.9 billion) on a railway, bridges and various other infrastructure there.

Bere Ali, an assistant to the provincial administration secretary, said on Friday that the Russians were willing to invest without the need for the local government to put up any money of its own.

Russia’s biggest rail and locomotive company, Russian Railways, earlier completed a feasibility study to build tracks stretching almost 190 kilometers from West Kutai to Balikpapan – Indonesia’s coal and oil hubs, respectively.

Bere said this could start as a freight or a passenger railway, depending on market demand. He added that East Kalimantan Governor Awang Farouk Ishak had checked the kinds of trains that could be used on the line during a visit to Russia recently.

“When the railway is ready, whichever type of train is chosen will be OK. It will depend on the market demand – whether they want coal first, or passenger service first,” Bere said.

He also claimed that Russian investors planned to build 23 bridges across the province. “They will also build a science park and invest in many other projects,” he said.

Bere said the local administration and Russia had also discussed the possibility of developing a nuclear power plant in East Kalimantan, possibly involving Russia’s Rosatom. Any such plan, however, would require approval from the central government.

The Jakarta Globe was unable to confirm any of these stated plans with the Russian Embassy.

[debbiegee] 25/9/2015 10:54

And all those years ago before the price of coal went down we had multiple bidders.
That was when they revoked the licence.
That is what we are asking compensation for WHAT THEY TOOK AWAY.
Of course I too would be happy with an OOC settlement for less and just be done.

Personally I dont think ROI would sell it.
Remember it was reported as being the 7th largest coal find in the world.
So what a great National Asset that would be !

Of course Prawabo Subianto wanted/wants it so they have their own discussion going on .
Now that would REALLY be worth being a fly on the wall for :-)))))))))))

[frak] 25/9/2015 09:54

From the Harum Energy website:

"PT Harum Energy Tbk. is a holding company, established in 1995, with a portfolio of businesses engaged in coal mining and logistics activities in East Kalimantan, Indonesia."

East Kalimantan is same district as CHL according to below:

Re: hxxp://jakartaglobe.beritasatu.com/corporate-news/churchill-mining-indonesia-talks-settling-coal-dispute-source/

[frak] 25/9/2015 09:38

Nice find MrShaunGCM..

Now there's a face saving opportunity for the ROI. Cough up the OOC dosh and then claim it's OK cos they've sold the deposit to Harum! $390m probably a bit 'de minimis' in context of the $1.3 sought but I'd accept it!

[mrshaungcm] 25/9/2015 06:13

hxxp://jakartaglobe.beritasatu.com/business/harum-energy-flaunts-390m-acquisition-war-chest/
Jakarta. Coal-mining company Harum Energy has set aside $390 million to acquire other coal companies, aiming to take advantage of slumping commodity prices by acquiring cheap assets.

The company now has $190 million in cash and a $200 million loan facility to realize the plan, which was initiated in 2013, president director Ray Antonio Gunara said earlier this week.

"If we bought the companies last year, we would have regretted it by now," Ray said on Wednesday, without specifying with companies he was targeting or giving a timeline for the acquisition plan.

The executive did say he was expecting the coal market to remain weak until next year.

"We are still evaluating the opportunities," he said, "But when an opportunity arises, funding would not be an issue."

The company also said it was looking at opportunities in the coal-fired power generation business, either by establish a joint venture with a power plant operator or just by supplying coal.

Indonesia is building 35,000 megawatts of power generation capacity by 2019 -- up to half of which would be coal-based.

[jnbrw] 22/9/2015 18:34

global mkts aint gonna help at the mo, but any further slippage will be a chance to top up cheaper!

[sos100] 22/9/2015 15:51

there's a reason for this and you know it.

answer has been posted on the LSE bb...

[anresu] 22/9/2015 15:39

An ICSID tribunal has ordered Bolivia to pay US$50 million to Chilean mining company Quiborax, almost a decade after the claim was filed and nearly two years after the close of merits hearings.

No rush then.

[stephen1946] 22/9/2015 11:57

Global Arbitration news, found on Google is a very interesting site, one day we will feature on there.

[debbiegee] 21/9/2015 21:31

My opinion is based on the hundreds of Indonesian articles read that have given an insight to their way of thinking and an understanding of how they would probably react
Many here that have read and followed for years will understand where Im coming from and how I got there.

I think IF IF IF it becomes evident that we have won this round.
Before ISCID were able to announce their findings with all the details to the world Roi would make their own statement.
The statement along with backup media coverage would include a scapegoat and loads of face saving details and the very gracious reasons why they have decided out of the goodness of their hearts and a sign of their goodwill to payout.

For me its irrelevant when and how much because I think in any case I will have made more than most traders will have made by jumping in and out of stocks and will have been able to get on with other projects in the meantime.

[debbiegee] 21/9/2015 18:33

Sorry folks It does look like I was perhaps over optimistic with the time frame as the 1 thing I have not researched is arbitration timeline precedents.
A bit longer dosnt really make much difference to me but I do still believe in the unexpected surprises/shocks here .

eg license revoked
offices raided
office fire
last minute accusation of forged licenses

I really think that once it becomes clear to both sides what the verdict is likely to be talks/negotiations could advance and that ROI may have run out of tricks.
I also think in true Churchill style any news will come as a surprise or shock.

Everybody to their own strategy but Im happy just to hold and keeping busy with other projects [not stock related]

[debbiegee] 21/9/2015 18:33

. dbl post

[patviera] 21/9/2015 18:33

Give Ross a break pen hey hes just trying to be helpful

[sos100] 21/9/2015 18:01

You might well be right but then again you might be wrong.If I could time all my buys or sells knowing what the future holds I'd be very rich!

I can't understand the point of harping on about this, unless you think you sway people either way?

Anyway u post what u want,if it drops further I will be buying a few more...