Cloudified Share Discussion Threads

[patviera] 04/10/2015 14:51

So we are 50 50 that we will be 0p or 2qd???Them we should be trading at 40p

[pembury] 04/10/2015 14:08

yeah Churchill would have been taken out long ago during the boom, as they were in talks shortly after discovering one of the worlds biggest coal resources.

[pug151] 04/10/2015 14:04

Yes really

[sos100] 04/10/2015 13:51

really....

[mrshaungcm] 04/10/2015 13:12

hxxp://jakartaglobe.beritasatu.com/opinion/commentary-indonesian-economy-trouble-betting-coal/
During the coal price boom, the mining industry promoted itself as a driver for economic growth and social development, even though it never contributed to more than 4 percent of Indonesia’s GDP. Now that the coal market gone into a death spiral, there is even less evidence of long-term benefits to the Indonesian economy.

When coal prices were high, it was reported that over 4,000 mining licences were issued illegally and companies like Bumi Resources, the biggest coal miner in Indonesia, were accused of having evaded paying trillions of rupiah in taxes and royalties. Now that the coal market has collapsed, this company has posted a $555.7 million loss in the first half of this year, and it is currently facing bankruptcy lawsuits from creditors.

[karateboy] 04/10/2015 08:53

I have read it here that avg awards from international courts have been 33%. This does not mean our best case scenario is 33%. Best case is 100% of the claim. I will be happy with 33% though.

[daddy warbucks] 03/10/2015 21:09

Churchill Mining (LON:CHL) – SPECULATIVE BUY*: PlacingMarket Cap: £30m; Current Price: 23pPlacing to raise £750,000Northland Capital Partners has completed a placing and subscription for Churchill Mining to raise £750,000 through the issue of 4,166,664 shares at 18p per share, with one warrant for every two shares at an exercise price of 27p, expiring on 31/10/18. 70,739 warrants on the same terms have also been issued.Directors subscribed for a total of 899,588 shares.The proceeds of the placing will be used to advance the Company's international arbitration claim and general working capital.Following the placing and subscription the Company will have a total of 136,942,277 shares in issue.NORTHLAND CAPITAL PARTNERS VIEW: It is positive to see that Churchill Mining has secured fund to further advance its international arbitration claim against the Government of the Republic of Indonesia. Churchill spent US$67m on exploration and feasibility studies at the East Kutai Coal Project (75%-Churchill) defining 3.1bt of coal. The Company's damages have been independently assessed at US$1.3bn.http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/23272/northland-capital-partners-view-on-the-city-churchill-mining-and-paragon-diamonds-23272.html

[daddy warbucks] 03/10/2015 18:15

Should we win this next part of the process and depending on the language of the tribunal, I would hope that Kibo go for the merits, rather than expect a lower offer.The ROI can't expect to be rewarded for their stubbornness in pushing the process to the limit, causing Churchill and its shareholders all this stress and then turning round and saying we will settle for a third of what you are entitled to.

[debbiegee] 03/10/2015 17:07

I think everyone is in the same range as Daddy.
I still feel strongly that there should not be a consensus figure though because of negotiations.
I expect things are at a standstill now though untill result.
There is however always the chance when both sides have presented 9/10/15 and 6/11/15 that the result could be fairly clear or guessed and talks could start before result is published.

[patviera] 03/10/2015 16:16

Thank you everyoneGreat stuff

[daddy warbucks] 03/10/2015 13:39

Having said all that, I think I agree with rossannon. Somewhere between £2 and £2.50 p for my guess.

[daddy warbucks] 03/10/2015 13:37

Churchill have put their claim at 1.3 billion dollars, which is just under £900 million. We have 136 million share plus options, warrants and directors expenses for this year (to be paid in shares). So let's say 170 million shares in total.If we were paid all our claim, that equates to just over £5 a share.You might also need to add on interest to the claim, so depending on whether you use the local interest rate or British interest rate, you could get a whole lot more.

[debbiegee] 03/10/2015 12:39

patviera it is no longer a question of what coal is worth but an arbitration case based on the value at the time of what our license was worth.
I think mathematitions and pundits calculated our full claim to be worth £6.47 psh and with the extra shares now in issue app 3% less.
It goes without saying that probably ISCID would probably not not pay our full claim IF we won [but then you only get 1 bite of the cherry ]
OOC of course would be less but at these prices again IF we won it should be super odds.
The 3% less is just pence and nakes no difference to me as its a better alternative than ROI think we are running out of funds,

AIMVHO

[patviera] 03/10/2015 12:11

DebbieIf we win surely our coal assets aren't worth nearly as much as they were months/years agoIf we were to win what price could our shares reach bearing in mind the recent share and warrant dilutions mean we have a fair few shares in issue now!!

[pug151] 03/10/2015 11:45

The full joko interview is on bbc world 1.30 Sunday

[weegeordie] 03/10/2015 09:17

Excellent reminder debs.
Funded for a while yet - the RoI will notice that and may give up on the end game although we would probably get more from ICSID than from an ooc settlement but it would take longer. Nothing until the result of the document hearing fiasco imo.
WG

[debbiegee] 03/10/2015 06:09

RNS from the 4/6/15

Says what this recent hearing was for .
Dosnt take much to judge if we won it or not !

If we have won it there will not be much more to discuss .

[mrshaungcm] 02/10/2015 18:55

Deary me - those silly directors NOT