Cloudified Share Discussion Threads

[nicebut] 18/4/2016 12:47

Ceretainly some good buying/volume here...Nice to see.

[stephen1946] 18/4/2016 12:45

Whilst a takeover might not be possible, ROI could buy 29.75% of churchill to defer costs. Share price would rise accordingly.

Then negotiate a settlement from there.

[patviera] 18/4/2016 12:16

Feels range boundStill think we are getting too excited about WednesdayAs its our deadlinePlus it's all about arbitration result!!

[tburns] 18/4/2016 11:51

Thanks all, based on what you just said ireminisces, the ROI could be making an OOC settlement, hence not bothering to engage with the arbitration panel. It isn't about their ability to pay so why put yourself in a worse position unless you already have the strategy in place to call the end game.

On the other hand their negotiating team could just be a bunch of numpties!

[daddy warbucks] 18/4/2016 11:51

Churchill Mining plc Application of the Takeover CodeRNS 23/9/13 would you believe.

[webshares] 18/4/2016 11:48

If I remember correctly, CHL put a resolution to stop that exact thing from happening. It was a long time ago so I can't remember exactly

[debbiegee] 18/4/2016 11:47

I think we have raised enough to see us at least to the end of the forgery case.
If we win it will be a whole different ballgame anyway so Im not gona worry about that

[webshares] 18/4/2016 11:39

Tburns. It may cost us more to have to pay for their side of the arbitration but ultimately that will get added to the costs + interest, but as only one side of the arbitration it will speed up the process dramatically. So potentially more funding required, should be a formality.

[nixonpaul] 18/4/2016 11:37

Nice analogy

[pug151] 18/4/2016 11:34

I don't know the answer to that tburns but the whole of the international arbitration industry would collapse if one side could just refuse to kick the ball and claim a draw.

[scotty666] 18/4/2016 11:30

Nice, a bit of relief after the small pull back late last week.

[tburns] 18/4/2016 11:29

I thought you needed 2 parties to 'arbitrate'. If the ROI ignore any further request for payments or communications then how can the ICSID Panel actually Arbitrate. Will than not mean years of litigation down the route that Oxus Gold went?

[nicebut] 18/4/2016 11:28

I`ve sent emails to a couple of MPs, Sajid Javid and Richard Graham, involved in Wednesdays trade delagation. Has anyone sent any to the press?

[webshares] 18/4/2016 11:23

Here goes the next leg up

[daddy warbucks] 18/4/2016 11:09

In one sense you are correct, but it shows Churchill are trying to be reasonable, giving Indonesia time to reply before they seek to have action taken by the ICSID.What action remains to be seen, but it doesn't put Indonesia in a good light, if they are refusing to talk to anyone or pay their share of the costs.

[carcosa] 18/4/2016 10:56

That 'deadline' is a self imposed deadline by Churchill which has no weight or authority, or enforcement whatsoever. Wholly irrelevant to ROI; but gives Churchill shareholders a nice warm fuzzy feeling along with 75% of the rest of their last RNS. The only deadline of any relevance will be one set by the ICSID which may or may not be made public.

Nevertheless Churchill will likely have to issue another RNS on Wednesday hopefully giving some clarity and leaving out biased views.

[webshares] 18/4/2016 10:53

Looking good today, a nice run up in anticipation for Wednesday would be lovely

[daddy warbucks] 18/4/2016 10:47

Do you think they were expecting news at that time?I know we are waiting for Wednesdays deadline, but you never know what is around the corner.

[tburns] 18/4/2016 10:07

That was a big jump on the offer

[patviera] 18/4/2016 09:35

Hi AndyMarked up as Debbie and her crew got v excited the weekend I'm sure that is why the claim is so high as today's coal price is irrelevantThe key was when the licenses were revokedI think we are in a 20 to 30 p trading range until we get a result from tribunal

[andy] 18/4/2016 09:29

pat,

Are you absolutely sure about that?

And could the mine be returned as an alternative? (At current coal prices the project is probably uneconomic, IMO.)

Who makes the ultimate decision on points like that, CHL, the Indo's, or the commission?

I would suggest nothing is set in stone at this point.


The latest news creates uncertainty, IMO, never a good thing, so i'm puzzled as to why people are bidding this up.

[p@] 18/4/2016 09:10

Thnx for getting rid of patviera Deb.