Cloudified Share Discussion Threads

[debbiegee] 26/4/2016 15:21

Dosnt say anything about forgery or any other good reason just blatently revoked!

Like saying this is the system we will think of a reason later if you dare to protest

[debbiegee] 26/4/2016 15:17

Last Updated 5:45 AM, Apr 26, 2016



HomeEditionsEdition 117: Jul-Sep 2014

[an old article but very interesting showing how things work in Indonesia ]

it also says last updated today ?}

The business of politics in Indonesia a very long article but good reading outlining how the system works in Indonesia.

Underneath is copied from the section Licenses and alliances


Strategic alliances between regional and national elites like these are important, particularly when it comes to revenue generation in the natural resource sectors. Decentralisation gave district heads and governors the power to issue a gamut of business permits – everything from land conversion, mining, plantation licenses, among others. So having allies in resource rich local governments is an invaluable asset for politico-business elites at the national level. Prabowo, for example, has cultivated an important local alliance with Isran Noor, District Head of East Kutai in East Kalimantan. In 2012 London-listed Churchill Mining had its permit revoked by Noor, following the company’s discovery of unexpectedly massive coal reserves. The permit was promptly transferred to Nusantara Group, a local mining company affiliated with Prabowo. Isran Noor, also the head of All Indonesia District Governments Association (APKASI), is believed to maintain a close political relationship with Prabowo and threw his support behind Prabowo’s presidential bid early in the campaign period despite being head of the Democrat Party’s East Kalimantan branch.

[neo26] 26/4/2016 13:00

why not pa their share for authenticity ruling?

Why Mr Noor ruunung?

[patviera] 26/4/2016 12:48

Certainly not a slam dunkI think 70 30 in our favour maybe 75pctThe recent director buys give me more confidence of a favourable result

[andy] 26/4/2016 12:46

pat, DW,

I'm sure CHL don't want the mine back! Current coal prices make it unattractive.

And no I wouldn't trust the ROI either.



After the OXS judgement though, there are no slam dunks....

[neo26] 26/4/2016 12:27

its really strange the way ROI have had a hissy fit and stop engaging in the tribunal. One can only interpret that they will lose the authenticity case..

Someone need to tell ROI you cant do this in the real world, you may bully companies domestically, on the international stage you cant get away with it..

chl have spent $57m on those licenses, it blantant theft...

[patviera] 26/4/2016 12:12

AndyCHL have no interest in any mineThey want the moneyAfter all the aggro of last few years i reckon our chairman wants to retire!!Just my hunch

[daniel levi bmd] 26/4/2016 11:21

FYI




Dan
x

[daddy warbucks] 26/4/2016 11:19

I don't think Churchill want the mine back. Would you have trust in the relationship after this?They may target another coal miner with all their cash if successful. Someone like GCM maybe?

[andy] 26/4/2016 11:14

I jut saw this post on the bulls only thread, I have removed the poster's name because I am discussing the message, nothing more.

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26 Apr'16 - 09:50 - 3617 of 3622 0 1

I would go for a cash settlement and continued ownership of the mine, because CHL still need a business of some sort going forward and this mine is black gold.


Sadly this poster does not know what current thermal coal prices are, nor the amount of capex required to construct a conveyor or other system to transport the coal from the mine to the port (60 KM), and that port has yet to be funded and constructed! And then there's the power station that needs to be constructed to power the conveyor belt system!


In this market I sincerely doubt it is fundable, and this is why I raise the question that is it possible the mine could be returned to CHL in a settlement?

Obviously there would have to be some expenses charged too, but if the mine is returned, the bulk of the claim would be gone.

And CHL would have to fund a project that isn't economic at current prices, IMO.

[patviera] 26/4/2016 10:54

Debbie thinks 7qd needs helppp

[jr_] 26/4/2016 10:44

The way I look at investment with CHL for what it's worth. I ask myself this question. Would I be more peeeed off if I thought it too risky to invest so choose not to. Then the news turns in favour of CHL and potential monetary gains chance of a decade lost. Or, would I be more peeeed off if I thought it risky to invest but decide to gamble 50-50 and invest anyway. Then news turns against CHL and I lose my whole investment. Regardless of the discussions on here past and present, nobody can predict the outcome, as much as most of us want a positive outcome for CHL. This depends on so many factors and boils down to the court rooms decision with regards to the evidence. And even if the evidence looks good for CHL it is still not a certain outcome. Any newcomers should be very careful with this. Not wanting to sway for or against but really be sure you are willing to lose your entire investment. I hope CHL do win. But read lots and then read some more on the history and law behind this. Then go with your gut. Hopefully by this time next year at the worst the outcome will be clear. IMVHO.

[flyingc] 26/4/2016 10:20

Stephen (3619)

Possibly - or perhaps just a reflection that the patterns of investment / trading on AIM mean that CHL spikes mightily on news and drifts off in the absence of same. (have a look at the chart and compare it with RNS from the company).

But no worry - the last few weeks say to me that ROI are sunk. Actions always speak louder than words - and ROI have not been behaving in a manner consistent with a sovereign state acting in good faith and honouring their international obligations.

CHL are de-risked now IMVHO. What the market does with the share price of CHL between now and the endgame is interesting, but won't change what is coming to ROI. It might take a while, but it's coming. No doubt some traders will make money along the way, and some will lose money. The way I see it traders are akin to those betting on what happens within a football match eg first scorer, next goal etc etc. But personally I'm betting on who will end up winners, and the actings of ROI as confirmed in the last few RNS suggest strongly that it will be CHL.

GLA

FC

[weegeordie] 26/4/2016 10:11

It's being shorted imo - look at the 10k, 20k sells. Also, the ownership of the mine is not on the table as far as CHL is concerned - they want compensation for losing the licences.
WG

[stephen1946] 26/4/2016 10:07

Are we perhaps looking at a tree shake from the market maggots?

[debbiegee] 26/4/2016 09:56

See a list of churchill headlines here.
All old or from rns .
If you type into them they all have the same author : marketer60

This guy sounds like a poster out for his own benefit not a journalist.
He is posting on scammy site and other connected sites picking it up.

we dont need all this as the truth as it happens suffices ?

[stephen1946] 26/4/2016 09:50

I would go for a cash settlement and continued ownership of the mine, because CHL still need a business of some sort going forward and this mine is black gold.

A cash lump sum plus a world class mine, thats what i call a good deal.

[andy] 26/4/2016 09:47

Pat,

Yes the latest ramp has finished now, it will go quiet until the next ramp starts when it falls to the bottom of the trading range.


You can almost time it by the posts of a certain person.

[gpback] 26/4/2016 09:35

BREAKING NEWS

Indonesia Litigation News Churchill Mining (CHL) Clifford Chance LLP, who are representing the mining company, had asked Indonesia to confirm by April 20
April 25, 2016

[gpback] 26/4/2016 09:33

BREAKING NEWS

Indonesia Litigation News Churchill Mining (CHL) Clifford Chance LLP, who are representing the mining company, had asked Indonesia to confirm by April 20
April 25, 2016

[baxter99] 26/4/2016 08:53

Pat - let it go and get over it