Cloudified Share Discussion Threads

[debbiegee] 25/11/2015 11:33

Good point FlyingC and so true !
At the same time ISCID cannnot say that they are obviously guilty and have to be fair.
They have gone along with their every whim and given them enough rope to hang themselves.
All these negative stories can only be beneficial to us.

[flyingc] 25/11/2015 10:12

Frak (617)

Good finds - thank you. And yes - it's astonishing (in one sense). But it is probably to the good for CHL's case before ICSID.

I've posted the point before, but it's undeniable that in this case ROI only sought to get rid of CHL after they found stunning and valuable coal reserves.

Coincidence ? Hmmm... If ROI had known of the coal reserves would they have let CHL into their country in the first place ? And if CHL had still been slogging around in the Indonesian mud finding nothing and paying into the Indonesian economy would ROI have been so keen to get rid of them ?

We all know the answers to those two questions. And so do ICSID.

ICSID are no fools. They might not be in a hurry over the CHL case, but they are not generally perceived as people who are easily duped on the main issues that matter. And they aren't susceptible to pressure, bribes or the internal domestic / political interests there might be in national courts.

So the fact that Indonesian commercial affairs are at best questionable is no bad thing for CHL in the context of their case.

Just my musings.

FC

[bones30] 25/11/2015 09:41

I see DQ is presenting in London:

[mrshaungcm] 24/11/2015 06:14

hxxp://jakartaglobe.beritasatu.com/news/pdi-p-lawmaker-adriansyah-jailed-3-years-bribery-case/
Jakarta. The Jakarta Anti-Corruption Court on Monday handed down three years to a legislator from the Indonesian Democratic Party of Struggle, known as PDI-P, who became the first arrestee of the country's antigraft agency this year, for accepting bribes.

The court has also ordered Adriansyah, a member of the House of Representatives Commission IV overseeing forestry, fisheries and agricultural affairs, to pay a fine of up to Rp 100 million ($7200).

While Adriansyah said at the hearing that he accepted the verdict, prosecutors from the Corruption Eradication Commission (KPK), who sought five years and three months imprisonment, said they would consider the sentence before appealing it, news portal Tempo.co reported.

The KPK arrested Adriansyah at a hotel in Sanur, Bali, in April where his party, which is also President Joko Widodo's political vehicle, held its week-long national leadership congress.

The anticorruption commission said Adriansyah was guilty of accepting Rp 1 billion, $50,000 and S$50,000 in kickbacks from businessman Andrew Hidayat, a director at coal mining company Mitra Maju Sukses, to help issue a permit for a concession area in South Kalimantan's Tanah Laut district, which the politician led from 2003 to 2013.

Less than an hour before moving in on Adriansyah in April, KPK officers arrested Andrew at a hotel in Senayan, South Jakarta. The mining company chief executive has already been sentenced to two years in jail and a total fine Rp 200 million for bribing state officials.

[carlo sartori] 24/11/2015 01:02

Weegeordie,

Me too...........one day I was "sitting pretty ok" next day I was shot..........literally!!


That said, I knew what I was in and I am still happy to be involved...............even though I am well underwater at 18p!

I still FIRMLY believe I will make money on this investment.

Regards,

Carlo.

[ohisay] 23/11/2015 18:03

WG - thanks for that- I confess I didn't have that physical reaction because my instinctive reaction was not to believe it.
But I lost 10£k too.
Petebean why not take 25k and buy on weakness - at least the ROI doesn't think we are fraudsters as of June.

My own view is a settlement end 2016 FWIW.

[weegeordie] 23/11/2015 17:04

ohisay - almost exactly my situation as well - I was physically sick when it happened since I lost £113k in 30 minutes and I want it back - not the sick!!
WG

[ohisay] 23/11/2015 16:44

I'll add my own 10p worth.

I was a big holder when the ROI did the dirty - was it 110p when it happened?.
Anyway I sold out at 33p - donkeys years ago?.
I expected a long legal process and its turned out that way.

But - I've started buying again at 17.5p - I will keep adding on weakness.The only negative issue now is what our ex partner Ridlatama was doing - otherwise its game over.
So you put a % risk on that - and for me 18p and below is well worth buying IMV.

This was a stunning investment at the time - I remember risking it at the time by 80% and still getting >200p fair value* .I was naive in retrospect in regard to ROI.

*These days it would be much less of course but that's not the point.We were done over bigtime.

[bones30] 23/11/2015 16:21

Still lurking here too guys. I'm surprised not to see this higher too.

[maytrees] 23/11/2015 15:52

Bought a tiny few at 18p just now.

Am an OXS holder as well.

Possibly if OXS win their arbitration (result supposedly imminent) some will seek to invest in CHL.

However in the absence of s/t CHL arbitration outcome is of course not imminent.

[flyingc] 23/11/2015 14:16

Good afternoon all

I've been quiet lately as I have been busy at work and there didn't seem to be much to add. We await ICSID news and if it's good the share price will rocket north. If it isn't it will plummet south. The classic binary bet, if you will, with the outside prospect of an OOC settlement, although personally I've never thought that imminent.

One thought has occurred to me though, which might be worthy of discussion in the calm before the storm.

If you look at the long term chart since the licences were revoked, CHL has been a classic AIM share in some ways. By that I mean that it has spiked rapidly on news, hovered for a while and then come back down again. Up and down like a yo-yo, one might say. Or possibly something cruder....

But the next instalment of news in this saga is likely to be very different from what has gone before. If CHL succeed, it is game over for ROI in terms of liability. They may still twist, turn and delay before paying up, but this next decision should mean that in real terms (if not absolute terms) the only question is how much. A better number cruncher than me can do the maths if they like, but the share price doesn't even come close to reflecting that position.

And my point is this - if as expected the news is good the share price will skyrocket, as it has done on previous bouts of news. But this time I rather suspect that what goes up may not be coming down again, as if ROI's forgery arguments are binned by ICSID they haven't any worthwhile cards left to play.....

Just my personal view - if you disagree then get shorting. But personally I wouldn't dream of going short here - if you are short and the judgement from ICSID comes in then you are probably completely screwed.

GLA (provided you are long on CHL)

FC

[debbiegee] 20/11/2015 14:29

IT also means at the moment no mm is prepared to sell under 19.25.
Probably others will deal inside the spread though.

[weegeordie] 20/11/2015 14:24

OXS is over 4p so perhaps they are anticipating some CHL buying so have upped the offer?
edit - OXS share price now below 4p so that theory is in the bin!

[fidra] 20/11/2015 14:23

possibly just a widening of the spread prior to the news expected soon possibly Monday.

[debbiegee] 20/11/2015 14:12

Could be something to report later but there wasnt yesterday.
Trades bought with conditions can be reported at a later date though.
ie a T20 is usually declared straight away but mms have 20 days to declare it if they wish !
Block trades can also be declared only when the last is filled.

[pb01] 20/11/2015 14:08

upwards movement on zero volume - like it :-)

[debbiegee] 20/11/2015 14:01

Anything happening behind the scenes ?

[daddy warbucks] 20/11/2015 06:08

Another example of dodgy government...hTTp://m.thejakartapost.com/news/2015/11/18/jokowi-decide-whether-or-not-clarify-ministers-involvement-freeport-kerfuffle.html

[debbiegee] 19/11/2015 12:08

On 9 March 2015 there was a suspicious fire in the Wisma Kosgoro building in Jakarta, Indonesia which is where the offices of the Company's Indonesian subsidiary PT Indonesia Coal Development ("ICD") are located. The fire was eventually extinguished by midday on Tuesday 10 March 2015 however a number of floors in the building, including the floor on which ICD's offices were located, were extensively damaged.


Did anybody else note that they called the fire suspicous in the RNS ?

Dont think it was reported as suspicous at the time ?

When some of us flew off the handle on the other thread we were more or less told we were out of order and should not jump to conclusions.

Thats an example of how I meant they have stayed firm in the RNS and not softened !

[weegeordie] 19/11/2015 11:55

And loads of backups of their files!!

[debbiegee] 19/11/2015 11:55

One thing that seems clear to me is that ROI must have realised that OOC is the best way to solve the issues.

We wrote to them right at the beginning and asked if they were willing to talk to us but were ignored.

I liked the way in the RNS how the board have stayed firm and on the ball and have not backed down a little because of possible talks taking/taken place.

[fidra] 19/11/2015 11:47

It would not surprise me if the Indians had been following the CHL case and the document discovery that CHL have done.Which would aid them in their case.

Lets hope they have their fire insurance up to date!