Cloudified Share Discussion Threads

[fidra] 02/5/2016 20:00

total tosh!

[stephen1946] 02/5/2016 19:50

Yes, chl are the aussie outfit and the government of australia dont like their guys getting shafted in violation of treaties that are there to protect them. The gov. In Canberra made a statement to that effect today. Tues should be very interesting.

[patviera] 02/5/2016 19:43

Thanks StephenIs there a case vs Roi involving an Aussie firm?So chl up tmrw?

[stephen1946] 02/5/2016 18:54

Pat, its not debbie but circumstances, cut a long story short, the Australian government now want to know why ROI are allowed to drive a coach and horses through the B.I.Treaty that is in place between Australia and ROI.
The next country screaming will be U.k. then others,.
It is no longer CHL against ROI, it is Aus,Uk and others against ROI. The settlement just got much much nearer.

[patviera] 02/5/2016 18:36

Debbie talking this Upto 50p this weekAny news out?

[debbiegee] 02/5/2016 18:36

Although not fresh weekend news we have not seen it here before so well done the person that found it.
The director talk has been known to carry some very spurious misleading reports but seeing it on Australia gov petitions pg gives it credibility.
I also think that being as its on the petition site we ought to sign it .

I also still think that Cameron has spoken directly with chl or through his channel and perhaps something could be in motion in the background.
Also strange how no media outlet would cover the story when Masarap sent some well written letters.
Almost as if there is a block on the story.
Maybe the block did not reach as far as Australia ?

[stephen1946] 02/5/2016 17:50

This just ceased to be CHL against a very rich country, ROI, it is now, Australia, U.K. and U.S.A. and CHL against ROI.

ROI have already, by refusing to cooperate with the tribunal, shown themselves to be petulant liars, nobody will be in a bigger hurry to get rid of this now than, ROI.

What a weird coincidence has been thrown up here as well, those in OXUS will remember that their fate was sealed in a holiday period, 23.12.15. And here we are in holiday period getting our news, strange coincidence.

[stephen1946] 02/5/2016 17:32

Well the whole shooting match changes from here, who knows who it was that started this little bonfire under the bottom of ROI, but this fire will take hold and will take some putting out. Cameron and his mates are now exposed as ROI yes men and will have already been in touch with their man in ROI. This matter is likely to be fast forwarded by icsid, no 60 day delay now whilst ROI carry on tweeking the noses of the tribunal, who would have waited,until this little bonfire was lit.
Tues will see this go anywhere maybe even as high as 50p by friday, the importance of this statement from Canberra is, imho, the begining of the end of our journey.

[debbiegee] 02/5/2016 17:29

bobic I dont think they are listed

[bobic] 02/5/2016 17:23

Do we have share price for our partner PLANET in ASX.?

[debbiegee] 02/5/2016 16:33

Excuse me ?????
The directors talk article may well say 2.5.16 and that link only shows me half of the article.There is a link to read more and that takes me to a twitter feed which I cannot access.
Kindly carcosa posted me the original link in post 3810 which takes you to Australian gov petitions,
Follow the instructions and you open a pdf dated 23.3.16

[fidra] 02/5/2016 16:30

I had no trouble with it ,thanks for posting

[pathai3] 02/5/2016 16:24

What are you talking about the link goes direct 2 the article and it opens perfect cut out the rubbish please its fact in black and white.

Churchill Mining Plc (CHL) David Quinlivan Managing Director
2nd May 2016

The Committee Secretary Joint Standing Committee on Treaties PO 6021 Parliament House Canberra ACT 2600 Dear Sirs, Joint Standing Committee on Treaties Inquiry regarding the Trans‐Pacific Partnership We write on behalf of ...

[debbiegee] 02/5/2016 15:36

Guys take a look at the presentation again.

At app 6.55 Quinliven answers the question of when the license was revoked and how and when they found out.
It was originally May 2010 but they apparently had no knowledge until much later.
They then carried on with the fesability study [without which we would not have had a valuation for the ICSID]and started the appeals through the Indonesian courts.

Advfn not showing ALL RNSs as suddenly they are in court appealing but no notice or grounds for appeals.
Maybe more on co website ?

See for yourselves and remember after the presentation the share price increased 20/30 pc.

[debbiegee] 02/5/2016 11:16

18.6.2010

Seeing this rns I would think there is some kind of misprint in the dates in the article.

[debbiegee] 02/5/2016 11:06

fidra yes we certainly are on the world stage !
Who would have thought a little aim company could have influence on world treaties going forward !

[debbiegee] 02/5/2016 11:03

carcosa thankyou.

That appears to be a bona fide place to read the article and not a twitter feed.

The article was written and sent by David Quiliven 23.3.2016 in response to a TTP law/dicsussion, to have or not to have. whatever ? on 9.2.2016.

It makes good reading but nothing we dont know and is long winded.
It is not the same kind of letter that Masaray has sent as it happenned before ROI violated the existing BIT treaty.

So the article is genuine but certainly not news .
I think Directors Talk should post dates of articles as I always do and have asked fellow posters to.

[daddy warbucks] 02/5/2016 11:02

AndyCould this be the reason why they were brought before the LSE for alleged rule breaches?Obviously at that time, things would have been very confusing and I guess Churchill would have been trying to sort out the problem before reporting via RNS.It appears someone may have been peeved by participating in a placing when this may have been going on.

[andy] 02/5/2016 10:44

Intersting quote from that article!

"However, in May 2010, the longterm exploitation mining licences underpinning the EKCP (which were granted for an initial period of twenty years with the company having an option to extend the licence term by a further twenty years) were unilaterally revoked by the head of the local East Kutai sub‐regional government."


-------

Yet on the 26th May 2010,CHL completed a £16.6 million placing!

Did they know before or after the placing was completed?

And if you look through the RNS ssued for the remainder of 2010, it looks like buiness as usual and no refernence to anyproblems, they even completed the purchase of the port land in December 2010!

Yet no reference to any problems were released to the market until Febrary 2011!

This cannot be correct, surely?

They have an obligation to inform the market of pricesensitive information, surely the loss if your mine is significant and price sensitive?

[fidra] 02/5/2016 10:44

Interesting read thanks for posting.

Also very interesting that Planet are talking about the mine being worth over $2.0bn which as we know is more than the claim.So they appear to be still pushing that it is worth more than the claim in the company's internal view.

Also an interesting recap on how it all kicked off,firstly by revocation then allegedly forgery.

The decision on the forgery will be interesting,as it may also show up the Indonesian judicial system as not being entirely independent.Therefore putting pressure on the Australian govt to rethink its attitude towards sovereign courts in non advanced countries.And possibly our govt as well which may be embarrassed by not pointing out the negatives of dealing with this sovereign state when they had the opportunity to do so.

My view is a bit more pressure on the Indonesian side to settle.

[andy] 02/5/2016 10:38

Here's the direct link to that document -

This saves you going through other websites unnecessarily.


pathai3,

Yet more spamming for Director's Talk, I'm susprsied ADVFN allow it personally.