Cloudified Share Discussion Threads

[patviera] 22/4/2016 09:47

WarbucksI feel that if the payout is what is expected then the directors will cash in Commodity prices are weak and the chairman Q is no spring chickenI get the impression and would put my house on it that this is all about cashing in on shares and warrantsIf we get anything from 50p to 200p then surely everyone should be able to get their money out and decide for themselves how they would like to invest

[stephen1946] 22/4/2016 09:41

It appears that Cameron and most of this government prefer to demonstrate their generosity abroad and see the indigenous population of G.B. as ungrateful serf's,
the foreign aid budget could/should be used at home whilst economic problems are growing.

[carlo sartori] 22/4/2016 09:32

Thanks Masarap, very well articulated and your efforts on behalf of ALL Churchillites are really appreciated.

It surprises me somewhat that there appears to have been no print media outlet, that I know of, report on the Churchill dilemma and the "fork-tongued" attitude of RoI to Britain and British interests?

Carlo.

[pug151] 22/4/2016 09:29

Yes great letter. You would think Graham would have his own 'line' -too busy eating Indonesian freebies I would guess from the photos.

[p@] 22/4/2016 09:28

Great concise letter!

[daddy warbucks] 22/4/2016 09:20

PatWhy are you so sure.?If Churchill is wound up after it pays out any compensation, the directors are out of a job. Also by reinvesting, further growth could be achieved, especially if you have the finances behind you to start production without further need of capital from the markets.

[stephen1946] 22/4/2016 09:17

Masarap, eloquence personified. That should concentrate a few minds.

[sherlock holmes] 22/4/2016 09:16

Masarap....great letter

[bobic] 22/4/2016 09:16

Masarap
very well written,appreciate your effort.

[daddy warbucks] 22/4/2016 09:15

Appreciate the hard work you are putting in on our behalf. Many thanks.

[masarap] 22/4/2016 09:09

I had a reply from Richard Graham MP . He is the Prime Minister's Trade Envoy to Indonesia.

He informs me he is asking UKTI "for a line". UKTI is UK Trade & Investment.

My reply to him ...

Dear Mr Graham,

Thanks for the initial reply. I would like to provide you with further information.

This 30 minute presentation by Churchill Mining's Chairman gives an good history of the dispute and was made a couple of months prior to the BIT violation.



There appears to be a fundamental principle here that the British Govt. with support from the EU should not reward countries breaching our treaties with favourable trading arrangements.

Currently Indonesia are refusing to engage in the international arbitration process as set out by the Bilateral Investment Treaty (BIT) with the result that a cash starved British Company has had to pay Indonesia's share of the arbitration fees as detailed below. Indonesia appear to be violating the treaty in order to adversely impact Churchill's cash position and create time delays rather than engage in the arbitration process as the BIT requires.



I note that Indonesia hopes for an EU trade deal including Britain and EU President Jean-Claude Juncker is in discussions with Indonesia's President Widodo and talks are "making progress".

I also note Mr Cameron has pledged £1b to Indonesia for infrastructure projects.



It makes a mockery of the legitamacy and credibility of international treaties for the UK and the EU to be promoting favourable trading status to a country that is violating one of our bilateral treaties, that is, a treaty specifically in place to protect British business.

I look forward to hearing the Governement's line on this and how it is going to engage with Indonesia (if indeed it intends to) to rectify the current violation.

Best regards,

[patviera] 22/4/2016 09:00

Hi warbucksNo if we win we will get dividend of cashThere will be no acquisitions

[karateboy] 22/4/2016 08:29

If ROI refuses to pay her shares, they have no right to appoint one of the judges. This means we may end up with two judges one appointed by CHL and the chair. I will not surprised , if ROI starts the negotiation now. They know they will lose this forgery allegation, and then there is only compensation. Somebody should look into Icsid regulations.

[daddy warbucks] 22/4/2016 08:21

If Churchill win, will they pay a special dividend to wind up the company or look to buy something? Maybe GCM?

[patviera] 22/4/2016 08:19

Or should I say agree to stay in orocess

[patviera] 22/4/2016 08:18

RossThe share price is saying it is not that great as we were 30 and now 20Why is their more doubt?What's the catch?I still think roi pay up

[stephen1946] 22/4/2016 08:04

Perhaps both parties have received a preliminary report outlining the tribunals feelings towards the forgery allegations and that report makes it clear that ROI have had their claim thrown out or at least been told it cannot be proved.
Leading to current situation.

[andy] 22/4/2016 07:46

Well the ROI has introduced considerable uncertainty here by refusing to pay their installment, forcing CHL to pay for them. It may have been a test to see how big CHL's resolve is, but surely they already realise that by now?

I would suggest this is now in uncharted waters, and the risk has increased significantly.

Until we are aware of the intentions of the ROI, and what can be done if they refuse to play ball, it's just a gamble now, IMO.

The clear danger is CHL continue to spend money and the ROI continue to use delaying tactics forcing CHL down the placing route again and again.

147 million shares out at the moment, so still a reasonable share structure, and IF CHL won, and IF ROI pay the claim, would be a good result, but it's the smallest word that is most significant, "IF"!

[patviera] 22/4/2016 07:36

One last fall today Ready to buy next week sub 20pWow really happy with my callas hereLooks like even Debbie has had enuf and isn't so bullish now!! : (That makes me more bullish !!

[aimsharesone] 22/4/2016 05:00

Indonesia hopes for EU trade deal, including Britain
22nd April 2016

The European Union has agreed to start free trade talks with Indonesia, EU Commission President Jean-Claude Juncker said on Thursday, as the growth-hungry bloc presses for improved

[aimsharesone] 22/4/2016 05:00

Indonesia hopes for EU trade deal, including Britain
22nd April 2016

The European Union has agreed to start free trade talks with Indonesia, EU Commission President Jean-Claude Juncker said on Thursday, as the growth-hungry bloc presses for improved