Cloudified Share Discussion Threads

[stephen1946] 20/4/2016 09:33

If the president is in G.B. then i assume 11am gmt today.

[daddy warbucks] 20/4/2016 09:33

With reference to the questions on Section 42. If this had played out under normal circumstances and let's say Churchill won the case on the fraud allegations, would both parties still have to go through any remaining 'merits' hearing, before consideration of 'quantum'?Would section 42 become relevant in those circumstances?

[masarap] 20/4/2016 09:33

Frak, British Summer Time will make it plus 7

[frak] 20/4/2016 09:30

Singapore is GMT+8 so doesn't that make the deadline 10.00am?

[debbiegee] 20/4/2016 09:26

I think we know that we will not hear anything at 11 as we may have to wait for ICSID to confirm then write rns and wait for it to be released and I think that will take at least a day.

My theory is that we have a lot of people trading and to them at the mo I think its all about 24 if we pass or hold it.
Passing the 26 makes us go ballistic.

Whatever though because day to day trading movements will have no effext on the end result which we are seeing much clearer now with confident optimism.

[stephen1946] 20/4/2016 09:19

The market in CHL seems to consider the 11am deadline as highly significant, they appear to have frozen and are waiting for something.

[debbiegee] 20/4/2016 09:13

I also agree with Baxter and Carlos points

[pug151] 20/4/2016 09:09

And I agree with Baxter and with Carlo's additional point FWIW.

[maytrees] 20/4/2016 09:05

The key question imho is why would a wealthy party decline to pay arbitration fees in a case in which the arbitrators' jurisdiction is not apparently in much doubt?

A possible answer is to increase perhaps to breaking point, the financial burden on the other party.

The risk of declining to pay is that a request by the other party to have the case heard without hearing the wealthy party is likely to be granted in the absence of payment being made by the defaulter subject probably to a final time limit for payment being laid down.

Slow and tortuous but still not bad for CHL.

[carlo sartori] 20/4/2016 09:04

Hi Baxter, I tend to agree with your analysis. HOWEVER I do think that the actions of both Churchill and RoI as revealed to the market last week do give an indication of how "those in the know" believe the arbitration is progressing and which side has the stronger case.

Would Chl have paid RoI's Fees if they were not confident of a favourable outcome? Would RoI have refused to pay their own fees if they felt they had a credible case?

Let everyone decide for themselves........

Carlo.

[carlo sartori] 20/4/2016 09:04

Hi Baxter, I tend to agree with your analysis. HOWEVER I do think that the actions of both Churchill and RoI as revealed to the market last week do give an indication of how "those in the know" believe the arbitration is progressing and which side has the stronger case.

Would Chl have paid RoI's Fees if they were not confident of a favourable outcome? Would RoI have refused to pay their own fees if they felt they had a credible case?

Let everyone decide for themselves........

Carlo.

[debbiegee] 20/4/2016 08:58

I think this part of the case continues without them as they have already submitted their papers and questions etc but we have to apply to do the next part without them ?
In any case as established the case would continue with or without them so it sounds like a formality ?

[baxter99] 20/4/2016 08:57

The ICSID process will continue provided it is funded - which it is. Who pays to fund the process will be irrelevant to the process itself. I doubt ROI will reply to CHL as requested. ROI will wait to be asked for clarification by ICSID and will confirm they wish to continue. The fact ROI failed to fund will be irrelevant to the adjudication on forgery which will be based on court evidence (and rightly so). My view is that very little has changed in the last 7 days apart from the share price which is irrelevant to any ICSID decision

[stephen1946] 20/4/2016 08:50

Rule 42 after default seems to be about settlement as well.

[pembury] 20/4/2016 08:47

i would hope so rosannan!

[webshares] 20/4/2016 08:27

Interest has not waned it would seem. Volume in the last week has been very interesting (well to me anyway).

[tiger noble] 20/4/2016 08:11

30p plus today.

[sideshowbull] 20/4/2016 08:09

Max offer 20k @ 24p

[pembury] 20/4/2016 08:07

roi president talking a good game for uk roi relations so we shall see

[debbiegee] 20/4/2016 07:59

re article above some of the fund managers have either held stakes in chl or traded chl.
London stock exchange and funds know our story well

[rookieinvestor80] 20/4/2016 07:59

Another one for the bin

[pug151] 20/4/2016 07:56

Feel sorry for Cameron he already has to have that awkward conversation about stopping caning women.

[debbiegee] 20/4/2016 07:46

EOI or anybody else but would have to go through Roi and passed on to us

[stephen1946] 20/4/2016 07:44

I would'nt pay to much attention to the rns issued some time ago preventing a take over on the cheap by ROI, that situation will not arise.

The more likely situation now is a hostile bid.

At 25p chl is valued at £37m. A bid of £367m would give shareholders £2.50 a pop.

That bid figure is much less than the demand for $1.3bn and would represent a good deal and a victory for ROI, handshakes all round and ROI dont lose any credibility at home.

Can you really see anybody turning down a deal of that sort?

Forget the rns about safeguarding the company, if ROI offer decent price the deal will be done.