Cloudified Share Discussion Threads

[neo26] 23/8/2016 15:59

it looks like Venezuelans did play games like roi are playing.

First they wanted the claimants arbiter excluded, then challenged jurisdiction..... Im feeling confident :)

hxxps://icsid.worldbank.org/apps/icsidweb/cases/Pages/casedetail.aspx?CaseNo=ARB(AF)/12/5&tab=PRD

[neo26] 23/8/2016 15:42

Ross did you follow the case? did the play the same games Roi have played here?

Feeling confident again...

[neo26] 23/8/2016 15:32

Ross

Its only gone up 80%, what price did you buy?

They offer a third here, $450m and DQ will bite their hands off.

[tivoliworldgaming] 23/8/2016 15:21

I not sure how much the debt was.
Rossannan say that Rusoro debt was huge.
If he did not buy then that was the reason.

[neo26] 23/8/2016 15:16

tivoli

how much debt do they own?

[neo26] 23/8/2016 15:13

This is great news, it only took them 4 years. Prepare for the worst Roi. we arecoming for you.

hxxp://www.rusoro.com/s/News_Releases.asp?ReportID=761079
Rusoro Mining News

August 23, 2016
Rusoro Awarded US$967.77 million by an ICSID Additional Facility Tribunal for the Expropriation of its Investments in Venezuela
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") welcomes the award (the "Award") issued on August 22, 2016 by the Arbitration Tribunal ("Tribunal") operating under the Additional Facility Rules of the World Bank's International Centre for the Settlement of Investment Disputes ("ICSID") in the arbitration brought by Rusoro against the Bolivarian Republic of Venezuela ("Venezuela"). The Tribunal awarded the Company damages of US$967.77 million plus pre and post-award interest which currently equates to in excess of US$1.2 billion.

Rusoro filed its request for arbitration before ICSID on July 17, 2012 under the Canada-Venezuela Bilateral Investment Treaty ("BIT"). In its Award, the Tribunal upheld Rusoro's claims that Venezuela breached its obligations under the BIT by unlawfully expropriating Rusoro's investments without paying compensation and by imposing certain restrictions on the export of gold. As a result of these breaches, the Tribunal ordered Venezuela to pay damages of US$967.77 million as of the date of the expropriation (16 September 2011), together with interest accrued between that date and the date of actual payment, calculated at a rate p.a. equal to US$ Libor for one year deposits, plus a margin of 4%, to be compounded annually. The amounts awarded must be paid net of any taxes imposed by Venezuela. The Tribunal also ordered Venezuela to contribute US$3.3 million towards Rusoro's costs in the arbitration.

The Award is due and payable immediately and Rusoro expects that Venezuela will comply with its international obligations and make prompt payment of the award. The Award is immediately enforceable in any of the over 150 member states party to the New York Convention.

Andre Agapov, President and CEO of Rusoro said, "On behalf of Rusoro's board of directors, its management and employees, and all of its stakeholders, we are pleased that the Tribunal has recognized Venezuela's breaches of Rusoro's rights in connection with its investments in the Venezuelan mining sector. The company looks forward to collecting on the Award on behalf of all of its stakeholders. We thank our legal team at Freshfields, led by Nigel Blackaby and Noah Rubins. We would also like to acknowledge our consultants and technical teams for their contribution and dedication. Finally, we thank our shareholders for their continued support throughout this prolonged and difficult process."

Calunius Capital has provided financing to Rusoro since the commencement of the arbitration in 2012. Mick Smith of Calunius Capital commented: "it has been a pleasure to work with Andre Agapov and the Rusoro team over this period, who have been so ably assisted by Freshfields in the arbitration. We are delighted to have helped achieve such an excellent result for Rusoro's shareholders and creditors".

ON BEHALF OF THE BOARD

"Andre Agapov"
Andre Agapov, President & CEO

[tivoliworldgaming] 23/8/2016 15:12

I would not toutch Rusoro because of the debt they owe.
However that stopped me from making a large gain.

It is too late now as their share price will drift.

[stephen1946] 23/8/2016 15:09

Tivoli, your mouth to the share gods ears. If only. But hope springs eternal.

[tivoliworldgaming] 23/8/2016 15:09

Rusoro Mining Ltd. Submits US$ 3.03 Billion Arbitration Claim Against Venezuela.

That means we get just under 1/3 of our claim.


No one will toutch me with my credit rating but I do save £800 a month, so I am lucky that I do not need any credit.

[neo26] 23/8/2016 15:07

why vanquis, their interest rates are stupendous.

Rusoro, what was their original claim?

[tivoliworldgaming] 23/8/2016 15:07

Buyers will be rushing in as soon as they discover the news of Rusoro.
Ross is in that one and I came close to buying in many times.

[stephen1946] 23/8/2016 15:06

I think friday will be t20 loading day, traders day.

Happy to wait with my holding tucked away, will top up if funds allow, gla.

[tivoliworldgaming] 23/8/2016 15:03

By the looks of it that means Churchill is going to get at least 900m, WOW.

[tivoliworldgaming] 23/8/2016 15:01

Neo. That was my Tesco mobile phone debt and Provident loan. Although the CCJ debt is the Vanquish Visa card I maxed up and I did not make any payments.


Looks like ICSID is in a good mood, which bodes well for Churchill.

Rusoro Awarded US$967.77 million by an ICSID Additional Facility Tribunal for the Expropriation of its Investments in Venezue.

[neo26] 23/8/2016 14:27

TivoliYou crazy, how many trading ACC's you hold?

[tivoliworldgaming] 23/8/2016 12:57

I dont understand the logic of people betting on T deals with more than a months earnings. As they either will become much wealthier or have a debt problem and loose their broker.

The best thing though is if you dont mind loosing your broker or effecting your credit rating then you only have to pay back 40% of the debt. I recently had 2 debts I settled with a 60% reduction offer, and I was offered it in the past, but I refused and I ended up having to pay 100% and the CCJ costs over 11 months.

[coley15] 23/8/2016 12:39

Well I certainly expected a little more action this week. Perhaps next week ......

[debbiegee] 23/8/2016 12:06

We have all heard of a tight wedge or a coiled spring but this looks like a piece of stretched elastic about to ping !!!

Off to beach same as lots of others I guess ,hopefully pings in right direction LOL

Just gone 2 v 1
[means 2 x mms want to buy at 26 and 1 mm wants to sell at 26.25 so bodes well

[neo26] 23/8/2016 10:49

this is getting ready for take off, 5 trading days after today for september.

[debbiegee] 22/8/2016 22:01

They said they had new evidence string out the case but then Noor dd not bother to turn up.
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