Cloudified Share Discussion Threads

[stephen1946] 10/5/2016 08:50

A game of poker is my view, first ROI dont pay, then when chl pay for them, roi pay up, now D.Q.says result in june then indicates funding is not an issue when he confidently predicts completion of merits and quantum in 12 to 18 months.

Roi bluff is called everytime by D.Q. settlement is an absolute certainty, for argument sake, less before forgery result, much more after should chl win.

[pb01] 10/5/2016 08:44

If the forgery decision goes our way CHL will be able to do a small equity placing at a much higher price of circa 50p+ to fund the remainder of the process. Any dilutive affects to existing shareholders will be minimal. So I doubt they will need litigation funders.

Personally I still believe there's a strong likelihood we will get an out of court settlement before the results of the forgery hearing. The RoI will not want their reputation and future foreign investments harmed by a damning report from the ICSID.

[debbiegee] 10/5/2016 08:41

It sounded to me like he meant 12/18 mths from June and as if forgery decision would be known in June,[that was the surprise element]
Only listened once but will listen again.
Quiet a lot of other little or major details in it too

For me once we get over the forgery hurdle and if we know we have won I a not bothered about the further wait.

[pb01] 10/5/2016 08:20

Its another positive and confident interview from Mr Quinliven.

[debbiegee] 10/5/2016 08:18

This is definatly Quinliven speaking and dated yesterday.
Only listened once but plenty of answers and sounded like he thought we would actually have answers in June.
Then he thought it could take a 12/18 months for merits and quantum

[aimstocks1] 10/5/2016 07:28

VERY happy

[debbiegee] 10/5/2016 07:17

Very interesting thankyou.
We will put this in the header along with the Dec presentation.

[bigman786] 10/5/2016 07:09

Quite a few T20 trades having to close the next day or so

[aimstocks1] 10/5/2016 05:17

Chairman David Quinlivan of Churchill Mining (CHL) answers investors questions
10th May 2016

Churchill’s growth path accelerated following the discovery of a world-class thermal coal deposit in the East Kutai Regency of Kalimantan (“EKCP”), Indonesia following an intensive

[aimstocks1] 10/5/2016 05:16

Chairman David Quinlivan of Churchill Mining (CHL) answers investors questions
10th May 2016

Churchill’s growth path accelerated following the discovery of a world-class thermal coal deposit in the East Kutai Regency of Kalimantan (“EKCP”), Indonesia following an intensive

[mrshaungcm] 09/5/2016 19:22

well done peeps - good work

[masarap] 09/5/2016 17:14

Just received precisely the same email. I don't know if this is a substitute for the one that my MP said would be forthcoming from the Foreign Secretary. It certainly doesn't cover the point that the UK Govt should make businesses aware that a specific treaty designed to protect them with ROI wasn't adhered to. It's a little easier for the UK Govt. now ROI is back in line and has belatedly fulfilled the Treaty condition.

Well, we just await the update that should come around mid-June. Clearly CHL are aware they will hear something on authenticity around then whether it be the completed decision or some kind of draft. Either way they will relay it to the market.

[nicebut] 09/5/2016 17:08

1. Good that the UK Gov are aware.

2. As I thought though, they don`t want, as this stage, to prejudice the arbitration...its what its for...So I guess back to sleep...

3. Bizzarre- as just received another email, which I`ll copy, from Mr Graham`s goffer- So I guess they`ve just had a little chat? Which can only be good news??

Dear Mr XXXX

Thank you for your email to Richard, I’m aware that you’ve also emailed Sajid Javid about this matter and UKTI/BIS are going to respond formally to that email which I hope covers the points you raise.

Kind regards
Caroline

Caroline Emery
Senior Parliamentary Research Assistant to Richard Graham MP
Member of Parliament for Gloucester
Tel: [phone]

[nicebut] 09/5/2016 16:37

Just received this.
Dear XXXX,

Thank you for your email of 18th April, in which you raise issues around an investor-state dispute settlement (ISDS) case brought by Churchill Mining against the Government of Indonesia under the UK-Indonesia Bilateral Investment Treaty (BIT).

The Secretary of State receives a large amount of correspondence every day and is unable to respond to each one personally. I have been asked to reply.

Let me first reassure you that the UK Government is aware of the case, which is pending before an international arbitral tribunal. The responsibility for the conduct of ISDS cases, including procedural issues like the one you have raised, lies with the parties to the dispute, based on their own legal advice. As the case is an on-going dispute between a UK investor and the Indonesian Government, it would not be appropriate for the UK Government to comment or intervene in the dispute, nor has Churchill Mining asked the Government us for support to intervene following the latest developments.

The very purpose of the ISDS mechanism, which is included in the vast majority of the 3,000 bilateral investment treaties in force worldwide, is to depoliticise investment disputes, while providing an effective independent and impartial system mechanism for investors to bring claims against governments who have allegedly acted unfairly or discriminated against them. This system mechanism benefits investors by providing an effective means of redress for breaches of the treaty provisions outside of diplomatic channels, allowing governments to continue working together to increase business opportunities for investors.

I hope this answers your concerns and helps you to understand explains why we believe the ISDS system is the most appropriate mechanism to address alleged breaches of UK bilateral investment treaties.

Yours sincerely


Edward Bingham
BIS MINISTERIAL CORRESPONDENCE UNIT

[fidra] 08/5/2016 20:36

Andy,

How could the upside be infinite?

[nav1000] 08/5/2016 20:35

debbiegee

so even IF Ridlatama did something wrong(not saying they did)chl is covered.

ROI dropped allegation of forgery against CHL, so that's good news, It now pointing to Ridlatama...

[fidra] 08/5/2016 20:31

i personally don't think the topside for chl is one third of $1.3bn.

chl are already making noises to the Australians that it is over $2.0bn!

This is quite different from the claim so far

I dont mind this going the distance.

[debbiegee] 08/5/2016 19:53

Nav we ended up buying all of the project from Rid.
Planet mining is also a wholly owned subsidiary of CHL.
Should it turn out that Ridlatama had forged licences and we bought them in good faith then a law called "Estopppel " would come into play.
Check if I have spelled it correctly then go into Andys thread and type into box where it says "search this thread"
It was discussed at length and some research posted.
I think it meant we would perhaps only get 40-50% of what we expect,which would still be a good deal.
Strangely ROI seem to be accusing Rid but there have been no news articles or accusations toward them in the press.
They have also not had any office raids or fires !

[nav1000] 08/5/2016 19:16

oxs directors bought a lot of shares, things didn't pan out their...

these next 6 weeks will be volatile for chl, it might spike a few pence up and then back down.