Cloudified Share Discussion Threads

[daddy warbucks] 18/11/2015 08:56

The new definition of irony:- The Republic of Indonesia claiming corruption against the State.

[debbiegee] 18/11/2015 07:49

When good results are expected punters pile in beforehand to cream off on announcement.
So what happens when many have abstained in case of any bad news and there turns out to be no bad news ?

[debbiegee] 18/11/2015 05:44

PB01 Supurb Post !!!
I love the summing up !

The whole case must be a complete embarrassment for the ROI. If CHL win, it makes the Indonesia look non-investable and if CHL lose it makes Indonesia look even more non-investable. There's no way out for them and they need to do the sensible thing and settle as quickly as possible and try and re-built their reputation somehow because in the meantime billions of foreign investment dollars is going elsewhere.

[pb01] 17/11/2015 18:30

With Mr Noor not wanting to attend speaks volumes. He simply didn't want to incriminate himself. If he had attended, under cross examination, the ROI case would have been in even more tatters.

Mr Noors none attendance is excellent news for Churchill. The evidence that would have had to be removed from the process would have been fairly substantial as most of the issues are a result of him and his back office of cronies.

This leaves the ROI completely clutching at straws after they've already admitted CHL did not commit any fraud and under orders from the ISCID found the licences were properly registered. Oh, err, what do we do next oh yes lets blame Ridlmanta for fraud now - we haven't tried that one yet. lol

Even if Rid had fraudulent licences originally (highly unlikely) the ROI and local regent were more than happy to entertain Rid and CHL for many years during the exploration phase of East Kutai. Only a few days after 'We found a huge coal reserve' the problems arrive.

I think its easy to see where this is going. I can't see any reason why we would have lost this round. A positive announcement to confirm this will send the share price to near 100p in no time.

The whole case must be a complete embarrassment for the ROI. If CHL win, it makes the Indonesia look non-investable and if CHL lose it makes Indonesia look even more non-investable. There's no way out for them and they need to do the sensible thing and settle as quickly as possible and try and re-built their reputation somehow because in the meantime billions of foreign investment dollars is going elsewhere.

[frak] 17/11/2015 17:42

DW.. today's statements only repeat information already available/published prior to the signing of the confidentiality agreement. In fact, the statement that Isran Noor 'refused to attend' the recent hearing is the only new detail (previously they just said he didn't attend).

I'm not convinced we can be sure the OOC negotiations have ceased or paused.. indeed, maybe they've agreed an amount and are awaiting the 2016 budget distribution which was due to be completed to all sectors/ministries by November 30th.. agreed, bit of a long shot!

[debbiegee] 17/11/2015 16:21

triple post

[debbiegee] 17/11/2015 16:21

double post

[daddy warbucks] 17/11/2015 16:04

Well if Churchill are allowed to post an update after this next submission, then we may all get an idea which way this is going.The reason I say allowed is because I thought there were confidentiality clauses in the arbitration process and both parties have to agree to the information being published. I know this relates to the ICSID but I would think it applies to any other party publishing info.

[debbiegee] 17/11/2015 15:19

I agree and when the decision comes share price movement will be swift IMO

[papy02] 17/11/2015 14:45

DW, yes I noticed that as well. I would have thought it material either way - whether no talks/terminated, or talks ongoing.

[daddy warbucks] 17/11/2015 14:18

Unless Ive missed it, the one thing missing which stands out like a sore thumb, is the fact that no one mentioned the rumour of OOC settlement talks.Mr Quinlavin was very detailed in his report but failed to dismiss this rumour or make any mention of it. Very strange or very good, depending on your stance.

[playthebull] 17/11/2015 13:41

Not allowed to post on the other board. Clearly people posting on there see today's update as positive.

I'm not so sure, I can't see that it says anything new. Mr Quinlivan has just confirmed that the process is going to plan and slings the same old mud at ROI.

It is pretty strongly worded which makes me wonder if there is any meaningful dialogue between CHL and ROI around OOC.

Fingers crossed something happens soon and saves us from our misery.

[pb01] 17/11/2015 13:12

It reads very well. Guess we'll see another RNS in the next week or so after the final submission which takes place tomorrow.

Come on ROI, do the right thing and settle this dispute.

[debbiegee] 17/11/2015 13:11

kun aguerro1
He and his gang have been a law unto themselves for generations and they have got away with it.
They know no different but hopefully are about to painfully learn.

[debbiegee] 17/11/2015 13:04

Obviously !!!
He always has so nothing has changed HaHa
He is also the sidekick of Nusantras No 1 shareholder who also thinks he can do what he likes :-)

Not much comment today but I hope many are also feeling quietly upbeat with the narrative as they sit on the sidelines waiting to buy/buyback in at the cheapest point or the last minute.

[kun aguero1] 17/11/2015 13:01

witnesses can refuse to attend and no blame attached. how weird is that.

[frak] 17/11/2015 12:56

It's the first time a reason has been given for Mr Noor's non attendance at the hearing i.e. he simply refused to turn up! I thought the ROI would have at least offered some semi plausible excuse.. but seemingly not! Mr Noor obviously believes he 's above it all!

[weegeordie] 17/11/2015 12:15

Wow! Let's get an early settlement next please!WG

[fidra] 17/11/2015 12:09

in fact the more I read it the more hopeful I get of a positive outcome.

This is a pretty good gamble! Err I mean investment of course!

[debbiegee] 17/11/2015 12:08

Dittto Quinliven never sounded so passionate detailed and RIGHT

Figures a load of swings and roundabouts and better lawers cost more !
It all boils down to if we win the case.