Cloudified Share Discussion Threads

[rutter] 25/11/2016 10:26

What price do you anticipate in the event of a positive ruling. TIA

[spartikas] 25/11/2016 10:18

All,

looking forward to the results next week, not bothered at all what day this is or +/- few pennies.

This is my only holding, I'm confident this is going in our favour.

I was only thinking about the dramas we have been through with this..the late fees payment, fire in our offices, office raids delays tactics with the forgery hearing.

It's ROI's opportunity to prove fraud, as they say proof is in the pudding!

"Churchill has argued that, without Mr Noor's testimony, there is no convincing evidence to support Indonesia's case that the exploitation licences were the product of deceit (let alone deceit by Ridlatama or Churchill)."

[tburns] 25/11/2016 09:56

I reckon the MM's will be looking to have a flat book come 4:30pm tonight with a potential RNS first thing Monday or Tuesday and suspension the most likely outcome

[debbiegee] 25/11/2016 09:50

There has definatly been some wierd mm action the last few days

[maytrees] 25/11/2016 09:48

Unless all those 35.5 trades are buys like mine earlier, surely the MMs would normally now reduce the share price
Possibly they wish to deter buyers by the appearance being given of continuous selling?

[maytrees] 25/11/2016 09:39

Good morning

Added a few just now - strangely at the bid share price of 35.5?

EDIT: Perhaps the share price is about to head S slightly or perhaps the MMs too are wary about the arbitrators' decision?

[pug151] 25/11/2016 09:19

Why Singapore? I imagine the 3 judges remain in their home countries mostly but would use ICSID Washington base for teleconferencing Admin support and sign off procedures.

[debbiegee] 25/11/2016 09:16

Probably a silly question but why does Singapore always have to run things past Washington ?

[pug151] 25/11/2016 09:10

Today is a holiday at the World Bank (in lieu of Veteran's Day) probably same for ICSID.

[razoblade] 25/11/2016 00:02

neo

A buy even in millions by an investor is no proof of confidence in a arbitration case.
If you look at Oxus Gold Mr A F Gibbons accumulated 42 million shares during the arbitration process, value of that goes into millions but we know how that ended.

What you may consider a huge investment may well be a tad for these millionaires.

[neo26] 24/11/2016 22:35

The key points that lead Churchill to this view include:

-- Isran Noor - who Churchill considers to be a key figure in this dispute - refused to attend the hearing and as a result of his refusal to attend, the Tribunal formally excluded his evidence, effectively disposing of Indonesia's allegation that Mr Noor was "tricked" into hand signing the long-term (initial term of 20 years with options to extend for a further 20 years) Exploitation Licences.

-- the most senior of Indonesia's witnesses was evasive and repeatedly called for people including Mr Noor, his lawyer and his "friend" General Prabowo to answer questions about the events that took place;

-- a number of Indonesia's other witnesses freely acknowledged the existence of important documents that Indonesia refused to provide or earlier said either never existed or had been lost;

-- not one of Indonesia's witnesses gave any direct evidence that Ridlatama either:
- owned or operated the device alleged to have been used in the application of the impugned signatures to the disputed documents; or more generally
- engaged in acts of forgery or fraud.
-- no documentary evidence was introduced by Indonesia to show that the first of Ridlatama's mining licence applications - the General Survey licence applications - were rejected at this stage by a number of senior officials from the East Kutai Regency government. Further, these same senior officials admitted their direct involvement in the subsequent administration preceding the grant of the later exploration and exploitation phases of the East Kutai Coal Project licences;

-- both Indonesia and its witnesses conceded that if for the sake of argument the disputed documents were forged, the forging of these documents could only have occurred with assistance from an "insider" - the immediate legal consequence of which would be that Indonesia would be responsible for the criminal wrongdoing of its public officials;

-- evidence was introduced (supported by Indonesia's witnesses) that showed Nusantara did not have valid title to the EKCP area at the time Ridlatama was granted its general survey licences;

-- evidence was introduced that extensive survey, exploration and pre-development work was undertaken at the EKCP by Ridlatama / Churchill while complying with the East Kutai Regency and the Ministry of Energy and Mineral Resources ("MEMR") filing and payment requirements. Indonesia on the other hand failed to introduce any evidence that Nusantara performed any work or complied with any of its payment and reporting obligations between 2006 and July 2008, when Nusantara's exploration licences were extended or revised (unlawfully, in Churchill's view) by Mr Noor; and

-- evidence was introduced by Churchill (and corroborated by certain of Indonesia's witnesses) to show that the alleged "irregularities" on the Ridlatama licences and maps were not indicia of forgery as alleged by Indonesia but rather clerical errors indicative of the East Kutai Regency's lack of cohesive and consistent administrative processes at the time.

============

just by reading this evidence the forgery case should have been concluded along time ago.

[neo26] 24/11/2016 19:58

Logic and evidence appears to be in our favour.Unless something is being hidden.We will find out next week. :)

[mrshaungcm] 24/11/2016 19:37

hope it goes our way neo26 - last roll and last dice for me

[neo26] 24/11/2016 18:25

Indonesian President Susilo Bambang Yudhoyono tells his ministers to prepare for the worst after Churchill files for arbitration on June 22, 2012

=========

now why would the president of Indonesia say this if ROi had nothing to hide and are 100% right.

So many things leads me to believe chl will win..

This is not made up!!!

[thailand] 24/11/2016 18:23

So why not actually turn up and argue your case or at least appear by a video link?

[h2owater] 24/11/2016 18:12

Remember :There are 2 sides to every argument!Heads or tails????

[neo26] 24/11/2016 17:56

listen guys, best thing to do is go to icisd website and read all the procedural orders and then come back and read the company rns related to tribunal. There are clues along the way to show that chl has an edge.

Like many have said here if icsid follow the law then there isn't much to worry about, onus is on Roi to prove forgery beyond reasonable doubt. By the looks of it they haven't done that.

The arbiters have to be sure there was clear forgery, its a farce. The police and corruption unit failed to find any thing, the bewasda report cleared chl and ridlatama and deemed the licenses genuine.

Fact of the matter is hopefully next week we should get verdict and if we win then imho the case is closed and we will get a sizable payment at the end. It will be really embarrassing for roi if every business headline in majority of the countries states CHL license genuine roi officials lied.

Current price is cheap, may get a bit hectic tomorrow afternoon.

[patviera] 24/11/2016 17:11

Thank you StephenFingers crossed for a good result for us all

[phoenix equity] 24/11/2016 16:26

Buying heavy here. 150p at least on win

[bones30] 24/11/2016 16:20

Hey Westie. Mainly trading NYSE and Nasdaq these days. Got fed up with the farce that is AIM. Had any decent wins lately?

[westmoreland lad] 24/11/2016 15:49

Hey up Bones. How you doing ?

Filled in my betting slip here this week albeit a little bit late. Just a fun bet £2000 win CHL.

[bones30] 24/11/2016 15:32

Zzzz.... Makes no difference. Ignore the noise. I'm concentrating of that Isran Noor photo. Anyone have a copy to post?

[stephen1946] 24/11/2016 15:10

Trump is not as big a problem as the daily riots breaking out all over various regions of ROI. The timing of those riots is superb for CHL case.