Cloudified Share Discussion Threads

[patviera] 27/4/2016 08:11

Every time Debbie ramps we fall

[debbiegee] 27/4/2016 07:55

feb 2011 more details of suitors

I wonder if they kept any details of any offers?

[debbiegee] 27/4/2016 07:48

rns from Jan 2011 before licence revoked.

It was obviously profitable at the time !

[rettah] 27/4/2016 07:33

The Churchill feasibility reports were based on a coal price of US$46.60 per tonne. There was a spike in prices after the reports and all this nonsense started when the price hit over US$100. I think the current price is around the US$50 mark.

[pembury] 27/4/2016 07:19

It would have done because CHL would most likely have sold the asset years ago at
it's peak when this "world class"' asset was discovered and proved up BY CHL!

One of the biggest discoveries in the world may I add

[nav1000] 26/4/2016 22:51

FrakSomeway of proving forgery, fail to persuade Isran Noor to come to hearing to back up their argument and then default on their share of payment.They have a special way of proving the forgery case.

[patviera] 26/4/2016 22:30

June approachingDebbie said substantially higher than 35p by thenHe on drugs or needs us so he can dump his shares?

[frak] 26/4/2016 22:17

neo26

A paragraph from the Respondent's request to have the forgery separated from the merits:

In any event, a decision on the merits dismissing the claims would relieve the Respondent “of the unwarranted, and hugely expensive, task of presenting detailed expert reports substantiating the uneconomic nature of the Claimants’ supposedly ‘world class’ project”.22

[frak] 26/4/2016 22:08

neo26

If you read the relevant case material on the ICSID website you'll find that one of the arguments used by ROI's council to have the authenticity case separated from the main case was that in would save time.. because they would prove forgery ..and as a result there would be no need to hear the merits .. and that in any case the the project was now worthless!

It's all in there..

[stephen1946] 26/4/2016 21:50

Masarap, the reply amplifies the non existent value of a BIT agreement plus the value Cameron and other parties put on "protecting british companies investment abroad".
In fact, investing abroad can now be seen as extremely risk driven, and best avoided.

[debbiegee] 26/4/2016 21:25

Many thanks for sharing Masarap !

[neo26] 26/4/2016 21:06

Frak

Who believes is worthless?

[masarap] 26/4/2016 21:04

I had quite a detailed reply from Richard Graham MP. There's a standard disclaimer that means I can't copy it - courtesy comes into it as well as I haven't sought permission - but from my own reply you can see the gist.


Dear Richard,

Many thanks for the reply and I appreciate it. I do think you are over-looking the BIT violation issue and the International Law implications for the UK. It's of course very important to work to increase trade and security relations with highly populated growth countries such as Indonesia, however, to do so without simultaneously warning UK importers and exporters that Indonesia is breaching the international arbitration aspect of the BIT that would normally protect them is in my view remiss.

I don't think it is an investors role to take up a legal response to a breach of a UK Biltateral Investment Treaty. In the case of Churchill Mining they did take legal action via the BIT. Despite Churchill establishing jurisdiction for international arbitration under the BIT, Indonesia is no longer engaging with the arbitration process to the extent it has not paid arbitration fees. In order to continue the arbitration process Churchill had to pay Indonesia's fees. I think you recognise this point when you say " sometimes these situations need government assistance." I can't in all honesty think of a more clearer instance than this issue when Government assistance should be a given.

I do think productive security and trading relations with Indonesia should be a top priority, however, some lines can't be crossed. I would have expected something in your reply along the lines of "I am of course perturbed by the violation of a UK Treaty designed to protect British business. I have informed the PM and FCO Ministers who share my disappointment and the Government will of course express concern to the Indonesian Ambassador and call on Indonesia to rectify their breach of International Law."

Two final questions please before my local MP takes up the issue. Do you recognise that Indonesia has breached a UK Treaty? If so why doesn't this bother the PM and Ministers as exemplified by the fact that diplomatically 'encouraging' President Widodo to rectify the breach isn't on the agenda?

[frak] 26/4/2016 20:55

I still believe there's good chance that ICSID will not issue a 'direction' or new procedural order on the ROI.. at least not yet! They may say that CHL has cured the ROI's default by paying their share and that the nature of any further orders are dependent on the outcome of the authenticity phase. If ICSID currently have no need for further input from the ROI at present then why chase them?

They will eventually issue an order to which ROI must reply otherwise they'll be unable to put their case regards the size of any award. They have already stated that they believe it's currently worthless!

Just my opinion.. I really hope I'm wrong.

[neo26] 26/4/2016 19:49

rossannan

thanks,

this will be interesting. Just waiting for the conclusion on this part the rest of the case will break down rapidly.

[markten33] 26/4/2016 17:54

A new discovery?BOD up 130 per cent in Aprildyor

[neo26] 26/4/2016 17:53

does anyone know if the authentication case is delayed until the situation of ROI non payment is sorted out?

[weegeordie] 26/4/2016 17:47

News to me that he is his brother-in-law. I would have thought he was not in the right class - he is a peasant who has brown nosed his way up the greasy pole whereas Prabowo Subianto is part of the elite.

[agent x11] 26/4/2016 17:11

Can I ask why you want money from a third world cesspit? In the tune of $1.3bn?


stephen1946 26 Apr'16 - 16:06 - 3627 of 3629 2 0

Indonesia have been learning from our duplicitous P.M.

Cameron has within 7 days given the ROI the green light to carry on doing business with British companies whilst raping and pillaging those already trying to do business in the cess pit that is ROI.

[neo26] 26/4/2016 17:02

JNBRW

Isran Noor?

[jnbrw] 26/4/2016 16:18

debbie - dont forget he also just happened to be his brother in law

[stephen1946] 26/4/2016 16:06

Indonesia have been learning from our duplicitous P.M.

Cameron has within 7 days given the ROI the green light to carry on doing business with British companies whilst raping and pillaging those already trying to do business in the cess pit that is ROI.
Noor by their standards is a pillar of society, rather like Cameron.