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Share Name Share Symbol Market Type Share ISIN Share Description
Churchill Mining LSE:CHL London Ordinary Share GB00B1318J18 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 37.75p 0 05:00:01
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -0.50 -0.33 61.5

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Date Time Title Posts
10/12/201808:50Churchill Mining38,332
23/11/201821:18New Churchill Mining Thread12,917
12/2/201816:00Churchill Mining 2018 on the NEX Exchange-
15/12/201718:50The new Churchill mining thread18
28/12/201605:27Been laughing my nuts off since morning. LOLOL 133

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Churchill Mining (CHL) Top Chat Posts

nick2412: theorb12 Jun '18 - 13:55 - 35901 of 35947 stephen, I guess that 'wasting court time' in an arbitration that is paid for by the 'combatants' does not figure quite so highly as wasting court time that is paid for by the public purse? ----------------------------------------------- theorb, it will be key for CHL in terms of invoking the Norscot and Essar precedent regarding claiming the litigation costs including what amounts to a 25% of award success fee. My understanding is that the best way for ROI to resolve this without complete loss of face (in other words 'burying bad news') would be a third party takeover of CHL. I don't envisage this possibility to arise until after a favourable annulment decision for CHL. I'd envisage a share price then of somewhere that equates to the m/cap pre the Tribunal verdict. Potentially it could be higher as it would be perceived that ROI have nowhere to go in terms of their main card 'forgery' aside from dragging things out through a second Tribunal. Forestry? Not sure they have any chance there. CHL can then either raise funds without excessive dilution at somewhere between 10p and 20p or prior to this ROI can 'broker' a third party takeover. That's how I see it panning out. ROI have behaved appallingly in terms of dragging out the process and since it has been their main strategy then they will be fully aware that they may well be liable for 'other costs' including the success fee element. They then have a decision on whether to allow an already potentially very high award to CHL to mount up each day via interest costs or settling - most probably by facilitating a third party takeover. From my reading of the Essar case, it gives a precedent for very high interest rates to be awarded by an arbitration tribunal as a means of compensating for legitimate legal costs - particularly if there is an element of 'bad' behaviour by the losing party. I'm no legal expert but the case is worth reading up on for investors because if CHL are likely to get almost full costs back then ROI is more likely to try and initiate a settlement. The alternative is facing a mounting bill with a substantially increased chance of losing. The other factor is that under a new Tribunal I assume CHL can submit a fresh claim that gives a substantially higher valuation for their expropriated asset. I think this would be closer to 2bn as the initial valuation only valued the asset for a limited number of years and that didn't reflect the true value of the resource or the potential for extensions. Interest plus a return of CHL's unavoidable litigation costs means CHL will have a very substantive figure to form a starting point for a settlement. It would be helpful if there were political and trade pressures for ROI to settle post the annulment decision but I don't envisage any help on this front from the British Govt. ROI may come to their senses as they need foreign investment and any foreign investor is going to do their due diligence and be aware of the CHL case. Also, the longer this case goes on the more potential there is for embarrassment to ROI senior politicians and, of course, ICSID. I suspect those with political ambitions such as Probowo and Noor would like to see the case buried.
tony_currie: RNS DJ Churchill Mining plc Stmnt re Share Price Movement TIDMCHL RNS Number : 6919N Churchill Mining plc 10 May 2018 10 May 2018 NEX: CHL CHURCHILL MINING PLC ("the Company" or "Churchill") Statement re share price movement The Company notes the recent increase in the Company's share price and confirms it knows of no reason for the price movement. The Directors of the Company are responsible for the contents of this announcement. ENDS
rossannan: Andy"They had a choice, take the money from PALA in one go, a single easy transaction, or go to the time and expense of doing a prospectus for rights issue, and then waiting and hoping that PI's would participate, and then wait to see if the money comes in! Come on, which would you have chosen?"The former, every time. The BoD should have been bending over backwards to protect the interests of shareholders as a whole. If they had done that the take up of the offer would have taken care of itself, with any excess being gobbled up."And you are suggesting doing this for LESS per share than the simple PALA transaction?"Do you not understand? The share price is irrelevant as long as every shareholder is given the option of maintaining their percentage share of the company."And what about those not able or willing to participate?"Someone else would take up their shares - at least they would have been given the chance to avoid dilution.""Define "modest" when such a large sum is needed! What is "modest" to you may be significant to someone else"""Modest" is less than one thirty-fifth of what each investor had on the table pre-suspension."So, if no dilution would have occurred for participants, but what about those not able to participate? Would they have been diluted?"Yes - at least they would have been given the chance to avoid dilution."wow! So you are saying that to raise £500,000, the lower the placing share price the easier it would have been for current shareholders to afford it, is that correct?"Do you not understand? The share price is irrelevant as long as every shareholder is given the option of maintaining their percentage share of the company. The lower the share price though, the more eye catching the offer. If you prefer though, you could have had 1 for 2 at 2p or even 1 for 3 at 3p.
stephen1946: I dont understand the pessimism here, chl are home and hosed, possibly 80% proven, 20% impossible to judge, but enough to secure overall victory. What happens then? Leave out Mondays horrendous news concerning election turmoil worldwide which will have an adverse effect on investment in ROI and other emerging markets. By wed, thurs ROI finances will be in deep deep brown stuff. The USA also having decided not to invest in Asia. Next week will be most enjoyable watching ROI squirm, just where will chl share price go to? I will leave my ANTE right where it is and, CALL you ROI.
stephen1946: Something that kept occuring on the posts from oct 2009, and debbie and others from this thread commented on it many times was, a disruptive seller, and a buyer that distorted the market in CHL. When the bad news started to filter out, the disruptive seller had done his work in advance of the public being informed. Conspiracy theory? Maybe, but the minute chl get their notice from icsid regarding the decision details, these will be suspended, for one reason only. To prevent ROI having any effect, good or bad on CHL share price.
mrphiljones: Interesting post from LSE: Vadlamani based in Singapore....there is no capital gains tax liability there. However if he left CHL shares in his company and price increased significantly to then draw off the money at some later stage he would be liable for income tax at 22% ish. However equally there is a further benefit to be had taking them out of company as again any considerable rise of CHL share price would be liable for corporation tax at 17%. So transfer the asset and limit potential taxable exposure for business in this calendar year. Quite simply if he expected there to be a reasonable chance to CHL shares devaluing significantly then we would certainly have left them sitting in the business to offset any profits from other activities. Huge bullish sign imo.....and that's before we discuss fact he is a very well connected guy in Singapore ;)
bobic: On monitor chl share price showing all Blue yet all the trades are SELL,is that mean looking positive?
stephen1946: Lots of conflicting signposts today, lots of theories, no way of discounting or ridiculing any, all have merit for onè reason or another. Deciding which way this altercation will go for each of us, will determine your share of a vast sum of money. Where we are today and how we got here makes for a fascinating story of lies, arson, police intimidation, governmental thuggery, theft, blackmail, bribery and a myriad of other transgressions. Leaving aside the well documented story of, discounted fraud charges brought by ROI against CHL, that have somehow morphed into fresh allegations of forgery which the tribunal are currently spending time investigating, it would appear that the red herring industry in ROI is a growth commodity. The ROI like many growing 3rd world governments, have brought with them into the commercial world, bullying and deceit, red herrings or misleading clues or distractions are used as a matter of course, unfortunatly, it is not possible to tell these small, but growing economies to stop telling lies, just be honest. Today we have to go through the rigorous, time consuming, expensive courts of arbitration, to eliminate the inevitable charge of bullying by large economies of small countries with a small but growing economy. Rather like in the days of empire, a row of beads was enough to pacify the indigenous population, now we need to spend fortunes to prove we are not the bullies, but the little guy is the bully. Although CHL is a pimple of a company on the world stage, the company is a UK company therefore open to charges of, colonialism against the poor ravaged inhabitants of ROI. CHL share price on 8th and 9th of Sept had grown steadily to 28p, 29p then on the following Mon 12th sept the price was climbing for no apparent reason, then at 11.30ish it fell 4p then 5p after the RNS announcing the ICSID request for further information from the 2 parties. An unanswered question is, WHY WAS THE PRICE RISING OVER A SUSTAINED PERIOD OF TIME? The RNS highlighted 2 closing dates for answers to the 3 further questions, 23Sept and the 7thOct for the replies to those answers from the opposite party. Today opened, apprehensively, nothing to start with, but then sustained trades, whilst not particularly large volumes, but relentless. WHY? Should both parties have complied with the tribunals request, then no RNS is natural and we await the next date, no reason there to get excited, and yet the share price has risen, WHY? Perhaps the parties are indeed talking about an agreed settlement and ROI have demanded a total news blackout, maybe this has been suggested to ROI by the tribunal in view of the fact that the evidence is just so overwhelming in favour of CHL. The tribunal for their part have dreamt up this charade of further questions to give the parties more time, DONT FORGET, in july this same tribunal said "they were going away to deliberate further" the decision would be handed down in the course of Sept, now we have this quite silly extension of extra time, I dont buy this nonsense, we are being kept onside with the issuance of fairytales. The silence from both parties is suddenly deafening, the only noise is the quite childish nonsense coming from ICSID. What happens Tues? Maybe everybody comes clean and declares an agreement is near and the share price will continue to rise. I see D.Q. as ROI stumbling block, ROI see the west as soft, not so, D.Q. For me he wants $1.3bn plus interest, maybe he will accept $1bn, not a penny less. £6.40P ish a share, thats fine by me, stick it to them, D.Q.
frak: carcosa.. Interesting hypothesis, but why ask the question over a year after the hearing? I tend to agree with another poster (LSE I think) who suggested that since it's come so late it may well relate to something raised in another recent case! Perhaps the other coal dispute (India v Indonesia) doesn't want the findings made public as it also relates to overlapping licences. It would be the worst thing if they don't make the result public. Indeed, it may be Indonesia asking for silence.. they could be saying.. If we win then the CHL share price will collapse and there will be no money left to claim our costs! Sorry, just passing the time!
rossannan: More house points to the CHL share price.
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