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Transaction as sold ( D )
Complete loss 100% deal . Bought them for unknown reason 12/9/2016 for 25p only clue ICSID Arbitration Update, hours before .
Noticed today gold Global Moderator ( barc ) had them. A post October 9th 2016 . "fingers crossed " .
Had chance to get out with a profit November 2016 @ 35p .
They were suspended December 2016 so old news really .
Court case after licences taken away Indonesia.
.
To save everyone the trouble of opening the link, let's get straight to the important part:
"There is little prospect of anything other than a very small (if any) return to creditors so at the present time we
would advise shareholders that they should not expect any return on their investment."
Looks like I aimed too high with a quid!
I received a letter in the past few weeks saying that the company is going into administration and I'll be notified of any proceeds based on my holdings.
I would be shocked if that yields anything over a quid, sadly. Condolences to all.
The Company's shares will remain suspended from trading and further announcements will be made as appropriate.
i had a small holding but such a shame to see a good asset taken away from CHL.
At the end of the day the directors of CHL were negligent in their due diligence
Shame but that’s life. Miracles happen but I fear not here:
Best of luck to all who invested in good faith.
Sycric: that was sensible of you. Unfortunately for me, I'm a gambler and had added more.
I never added since my first investment on this, always a long shot returning.
Well that's curtains then.
Thanks for sharing.
Shit news
Anyone know what time of day the news will be released? I assume when NY is open? Let’s hope this week..,GLA
https://www.nexexchange.com/announcements?newsid=4280638
This has been a long haul. One way or another we are getting closer.
To quote a fellow poster.. good luck, all!
If i can make some money back on this it would be a miracle i think haha
It wont be long...keep everything crossed!
Sorry; just realised those trades were yesterday and we have been suspended since 10.00am today ... doh!
Sycric: many thanks for sharing.
That means the whole of my portfolio will be suspended! (You know the other share ;-)!)
I see it has sparked a few trades but nowhere near the volume so far to suggest anyone knows what the ruling is going to be ...
CHURCHILL MINING PLC
("the Company" or "Churchill")
Churchill v Republic of Indonesia
(ICSID Case No. ARB 12/14 and 12/40)
Annulment Proceedings Update - Decision and Suspension
Further to the announcement of 5 February 2019, the Directors of Churchill Mining Plc (NEX: CHL) wish to advise that its lawyers, Clifford Chance LLP, overnight received notification from the ICSID ad hoc Committee that the annulment proceeding had been declared closed as of 5 March 2019 in accordance with Rules 38 (1) and 53 of the ICSID Arbitration Rules.
This notification is a procedural requirement prior to the ad hoc Committee formally issuing its ruling on the Company's Annulment Application and it is expected that this ruling will be issued in the very near future
A temporary suspension in trading of the Company's shares on NEX will accordingly take effect from 10.00 am on 6 March 2019.
The Company will update the market as soon as possible after it has received and had an opportunity to review the ad hoc Committee's ruling and will also post a copy of the full ruling on its website www.churchillmining.com following release of its market update.
The Directors of the Company are responsible for the contents of this announcement.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
See previous middle paragraph, TR.
If it's a choice between p*ssing off some regulars but highlighting to newbies/lurkers that the information on here is often made up, I'll go with that every time. It's peoples time, hopes and money involved here and so I've no shame in that whatsoever.
(And ironically no, despite your claim below, whatever you've read elsewhere isn't being conducted by me, at least).
Spot on Rodney..I started the thread and made a polite request last week that they stop, but to no avail.
Blitzed, you say you agree but then clearly say you'll carry it on as Mike is obviously not going to stop either!
I'm right with you on exposing misleading info, but this thing between you two seems to go further than that. I think everyone gets that you both have serious issues with each other, but we're just making another polite request that you take it somewhere else please. I know there's not much else to say here until the news comes, but it gets tiring just reading your attacks on each other.
There seems to be another CHL page now with two individuals going at each other on there too...same people?
Either way... truce now !
Thumbs up from me Rodney and I apologise to all those who find it tedious and completely appreciate why.
You'll only ever (whether appreciated or not) find me popping up the moment that mikemike - or any indeed other poster - makes up complete sh*te in order to look like they have insight that they can't possibly have, raises false hopes amongst fellow investors, ramps the share price and/or makes impossible guarantees.
That, or we have one other option: The moment that mikemike posts his proof that I've sold my shares, I'll delete my account and never appear again.
blitzed/mikemike: can you two please take your silly argument off the board and settle it over a beer or a fight or something?
You're clogging up the board such that we cannot see the insightful knowledgeable posts ... not that there is anything to say at the mo given we are all mushrooms to all intents and purposes!