Cloudified Share Discussion Threads

[debbiegee] 03/8/2016 14:59

well said FlyinC !

[flyingc] 03/8/2016 14:54

FWIW I think we are still seeing an "Oxus Discount" in the current share price

I had a tiny holding in OXS and if I recall correctly everybody posting on those threads thought it was going to be a slam dunk. Turned out it wasn't and a lot of PI's lost a lot of cash (thankfully not me - I had top sliced so the loss was miniscule).

I think though the fear that the outcome "will" be the same in CHL (as opposed to "might" be) is putting people off. It's not a problem unless you want to cash out now - if CHL win the next phase value will out then, irrespective of any discount being factored in now. On that scenario ROI will be stuffed, no matter how long it takes, or how messy it gets. But until that particular nail is hammered into the coffin of ROI's case I sense that some PI's are holding back and the share price is depressed because of it.

No matter though - September starts four weeks from this coming Thursday. One interesting thing I noticed was that the share price doubled in OXS from c.2p to c.4p just in anticipation of the results at one stage. There wasn't any new info, just speculation. We haven't seen that here. Yet. But in CHL we know we're getting this key decision next month, and we have far superior info from the ICSID process in the public domain on the merits of the case, and by extension CHL's prospects of success.

So it seems to me there is plenty of room for a run up to a "launch pad" in the share price before the decision comes. The serious profit here will then come if and when CHL succeed in this decision on authenticity.

Exciting times just ahead when the decision comes out.

Always assuming we don't settle first ;-)

GLA

FC

[debbiegee] 03/8/2016 14:30

Noor had already told different stories so whatever he said he would have
re- perjured himself.
He has no leg to stand on as whatever he says now cannot be believed.

[spartikas] 03/8/2016 14:26

@rossannan, this is a big decision a game changer for CHL......the whole point of the document authenticity stage was to remove this question about the validity of the license.

What evidence do the ROI have for the next stage? I guess Mr Noor will come to the tribunal and give evidence that CHL have been logging in a protected area.

One simple question.....why did Isran Noor not turn up? maybe they knew he would contradict himself and ROI.

game set and match......whenever the main witness does not show up to give evidence! it's usually a done deal.

[debbiegee] 03/8/2016 14:25

Not forgetting that the shares were only 24ish when he paid 40p.
Theoretically his money was to be used to fund the court case but we have had so many time wasting tactics that we have had to raise more a few times.

He certainly had the calibre for full diligence as he was later given the job as trade minister for ROI.
Unfortunately just as ROI were about to send a convey to Cameron to discuss ilateral trade deals he was asked to resign . [obviously a conflict f interest }

Not forgetting his associate Fara Luwea a former director of Glencore.

[spartikas] 03/8/2016 14:17

I wonder what due diligence was done by Rachmat Gobel before parting with £7.7 million.

Will he sell his shares to ROI? if there is a settlement or make a bid for the entire share capital striking a deal with ROI?

[spartikas] 03/8/2016 14:14

Why would Rachmat Gobel/Fara Luwia invest £7.7 million post license revocation........answers on postcard please...




"The move saw Mr Rachmat Gobel and Ms Fara Luwia inject £7.7 million into the business in a subscription for shares priced at 40p each totalling around 16.5% of Churchill’s enlarged share capital. Apart from the cash boost, Churchill is hoping the assistance of Mr Gobel and Ms Luwia will help resolve a dispute with the authorities in East Kalimantan over the validity of its licences covering the East Kutai Coal Project."

hxxp://www.stockopedia.com/content/churchill-mining-brings-in-indonesian-investors-to-help-resolve-east-kutai-licence-dispute-56169/

[debbiegee] 03/8/2016 14:03

No Rossamon we may be a small fish but if they have to pay us it will set a precsdent as many other companies have had their licenses revoked or problems with overlapping mines.
The floodgates will open !!!
This is the reason they have tried every trick in the book [or not even in the book LOL ] to stop us from getting this far !

[debbiegee] 03/8/2016 13:56

They know what evidence each side have been able to give and that they have perjured themselves and that Isran Noor defied the court by not turning up so they must have an extremely good idea whether they have won or will have to face the music IMO
I also think if they have come to end of the road and use no mre delaying tactics aimed at bankrupting us they would want to pay up and come clean with a scapegoat in their own words before ICSID announce their decision.

[neo26] 03/8/2016 13:40

RossInward foreign investment has already been reduce by 50% of last year.Few years ago roi challenged chl not to mention the case to the media as they thought it was false info, Icsid didn't agree with them. :)Its effecting them alright..If the report comes out and blatantly says roi officials have lied this will be embarrassing in world stage. In the next 10 years Indonesia is expected to be top 15 economy in the world, this case is not needed...

[debbiegee] 03/8/2016 13:16

Spot on theorb and also the perfect reason for speculating that was why the verdict would be announced in 3 months time when we only expected a week or 2 at most. [after waiting nearly 10 months]

3 months certainly seems like a timeline to negotiate a settlement and far too long to delberate the verdict ?

[theorb] 03/8/2016 13:08

Neo & Debbie, exactly, which is the perfect reason for ROI to go for an OOC settlement before the tribunal verdict is announced, and probably any announcement would ultimately be cancelled as arbitration is as much about mediation where 'agreed' between the warring parties as it is about acting as judge and jury. If agreement can be reached further punitive action against the loser does not serve in the interest of the tribunal no mater how much we might like their noses rubbed in the shxt

[neo26] 03/8/2016 13:06

DebIt was Roi who bought this authenticity case up, that's the only conclusion I can come up with.Why the hell delay your own application? Why not send your smoking gun to the tribunal (Isran Noor)?I'd be shocked if chl lose authenticity case...

[debbiegee] 03/8/2016 12:55

I agree 100% Neo

The only positive is that the delay has given Jokowi more say in ROI as he was really under pressure from theold regime in the beginning

[neo26] 03/8/2016 12:53

if I was a jury in this case I would have already made my mind up.If one had a strong case one wouldn't be delaying the case, they would be trying to hurry it up so they can get back to business. This case is hurting Indonesia the quicker its sorted the better is for the country.So the logic of roi delaying doesn't bode well for them..

[theorb] 03/8/2016 12:39

Yes, I cant really see that the default in fee payment will count against ROI. We PI's would like to think it makes a difference, but ROI are just playing a delaying game and the fee was paid by CHL in time so as long as the tribunal got the money within timeframe, so what? The tribunal lawyers are not going to be offended,they are in it for the money the same as everyone else!

[neo26] 03/8/2016 12:38

Damn, Icsid are still waiting.. LolThis is shocking behaviour by roi. Come sept hope roi are punished with verdict...

[debbiegee] 03/8/2016 12:22

I think they are still waiting.

I dont think their arrogance and disrespect will win them any brownie points but tribunal has to be fair ?????

[neo26] 03/8/2016 12:15

Will tribunal get an explanation?

[neo26] 03/8/2016 12:02

Low volume, expecting it to be volatile this month.

Have Roi given an explanation why they defaulted on that payment yet?