Cloudified Share Discussion Threads

[neo26] 31/3/2019 10:21

How much did it cost for oxus to go to paris?It 3 years since oxus lodged an appeal, still nothing.I think the end is near.

[neo26] 31/3/2019 10:07

Hmmm, so the shares come out of isa's when the company goes to admin?The only liability chl is the $9m

[andy] 31/3/2019 09:32

wulber,


Agreed, the admin route is an interesting one, I don't want the ROI to get a penny from CHL ever.


And we get to keep fighting, nice....

[stephen1946] 31/3/2019 08:58

Administration put`s revision out of the way, and leaves just the Paris court of appeal as the final option.

That is a result of sort`s, the most damning evidence against ROI comes from the witness statement of a, `Dead man`, Putra. The `Insider` is what ROI called him.

Of course there is much more, Noor is a distinct liability for ROI.

The RNS will just say D.Q. is considering options, such as, protection offered by administration. Any further moves, such as Paris, will be discussed with parties involved here, Pala, C.C. and David. Remember David would relinquish control, `in administration`, other than, advisory to administrator.

A further RNS will be issued when decision`s on the way forward have been made and put in place. We, the shareholders will no longer have a say in what transpire`s, should CHL be put into, Administration.

The creditors such as, Administrators, Pala, C.C. would be first in line for any monies gained from any success at appeal, shareholders would be the very last to be paid from any residue.

[wulber] 31/3/2019 08:52

Yes, Jack on both accountsGo in to admin and ROI can't get the $10mn.Go to Paris and keep fighting, without ROI's friends at ICSID and a fairer system.

[stephen1946] 31/3/2019 08:30

The main advantage`s to Paris are connection`s.

Whilst Churchill has struggled for justice at ICSID, C.C. is well respected in Europe and the Paris court`s, and is more likely to gain justice here. The United Nation`s organisation`s always support States.

OXUS found that out at UNCITRAL, another United Nation`s run Arbitration arm.

[wulber] 31/3/2019 08:21

Do what Oxus did, go into admin and then take it to Paris.

[stephen1946] 31/3/2019 08:06

Remember also, C.C. are well out of pocket now and will probably handle whatever follows this decision, on similar terms.

I would think C.C. and D.Q. aim now is to inflict maximum damage to ICSID and Indonesia. Financial support from Pala has to be a shoo in, after all the costs are only likely to be the Administration costs of applying to lodge an appeal in Paris.

[wulber] 31/3/2019 08:06

Do what Oxus did, go into admin and then take it to Paris.

[undervalued companies] 31/3/2019 08:04

Maybe Chris oil will buy Churchill @chrisoil Twitter rumour is in negotiation

[undervalued companies] 31/3/2019 08:03

Maybe Chris oil will buy Churchill @chrisoil Twitter

[jack1236] 31/3/2019 07:54

What administration normally does is protect the company against it's creditors; the $9m that's owed to ROI can't be claimed; because Churchill has court protection. If DQ has a plan; then it allows the administrators to get on with it. But lets wait for the RNS.

[sesame03] 31/3/2019 07:41

That's a shame. All eyes on Oxus now! Last chance saloon.

[stephen1946] 31/3/2019 07:18

CHL making plans for administration. The end, say those with no skin in the game.

Not at all, look at OXUS, they went into administration and are now in Paris at the court of appeal. Perhaps when the dust settles. pala may fund a similar route and claim enough to cover their losses and leave some for administrators to give something back to holders.

[jack1236] 31/3/2019 07:10

We should get an RNS tomorrow.

[coley15] 31/3/2019 07:07

That's it then.

[bdog51] 31/3/2019 07:06

From that Times article: "Churchill Mining has put the advisory firm RSM on standby after filing a notice of its intention to appoint administrators at court."

[jack1236] 30/3/2019 20:04

Neo

You couldn't make it up, but Noor and the ICSID did. A coward, couldn't even face the Tribunal; he would have been found out. As your post shows; he's not good at making stuff up..

[neo26] 30/3/2019 16:32

In the tempo interview question asked to noor and replied.



Why are you so insistent on revoking their license?

Because they violated Law No. 41 on forestry. The decision to revoke their license was at the recommendation of Forestry Minister Zulkifli Hasan.

Now read these documents(evidence) how much of a lying crook Noor is?

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

The Revocation Decrees of 4 May 2010 stated clearly on their face that Isran Noor was revoking the licences because he had been ordered to do so by the Forestry Minister (Zilkifli Hasan) due to of forestry breaches (see b. on page 1). Churchill only became aware of the existence of the letter from the Forestry Minister referred to in this paragraph of the Revocation Decree when the letter was proffered at the Administrative court hearing by Indonesia’s lawyers.



The complaint referred to in the letter from the Forestry Minister to Isran Noor was contrived because there was no complaint from the local people. The chief of the Dyak tribe in the area sent a letter (copy attached) to the Forestry Minister after becoming aware of the so called complaint.



the mining Exploitation licences (20 year term with option to extend for a further 20 years) stated clearly on their face that the licences were located in a Non Forestry area (see for example item d. on page 14 of attached licence doc for PT RTM). There is also no argument that these Exploitation Licences were hand signed by Isran Noor.



THE MINISTER OF FORESTRY THE REPUBLIC OF INDONESIA, Zilkifli Hasan ordered the revocations of CHL license due to forestry breaches. Churchill only became aware of the existence of the letter from the Forestry Minister referred to in this paragraph of the Revocation Decree when the letter was proffered at the Administrative court hearing by Indonesia’s lawyers. the mining Exploitation licences (20 year term with option to extend for a further 20 years) stated clearly on their face that the licences were located in a Non Forestry area (see for example item d. on page 14 of attached licence doc for PT RTM). There is also no argument that these Exploitation Licences were hand signed by Isran Noor



When this was pointed out to the Forestry Minister he recanted to say it was not him that ordered the licences to be revoked and it was all in the hands of Isran Noor. Point 4 of letter below



The biggest two faced crook Noor after revocating our license 10 days later says

".....all documents associated with PT. Ridlatama Group issued by Kutai Timur Regional Governments are valid and legitimate according to the prevailing laws and regulations"

[jack1236] 30/3/2019 16:21

ROI has never filed a 'defence' to CHL's claim.