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Churchill update on award annulment application Churchill Mining has issued an update on its application for the annulment of the award dated 6 Dec which is currently being pursued at the International Centre for Settlement of Investment Disputes which is being considered by an ad hoc ICSID Committee. The company said it was currently considering the Republic of Indonesia’s counter memorial on annulment, which was submitted on 20 Oct. The company has until 22 Dec to file a reply and Indonesia then has until 28 Feb 2018 to file its rejoinder on annulment. It said the ad hoc committee’s hearing on the company’s annulment application was expected not less than two months thereafter based on the timetable set out in the procedural order. The company also said it had issued £500,000 of secured convertible loan notes to Pala Investments Limited. It said the funds received would be used to help meet the costs of the annulment application and for general working capital.
http://www.nexexchange.com/member?securityid=17818 Trading 3-4
as of 1st december heres hoping for good news but not expected until end of April next year?
Does anyone know when the annullment case will be decided by please?
http://www.lexology.com/library/detail.aspx?g=34f532bc-4f38-4523-bb21-fb69edcf561c&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2 Stifling a genuine claim It is long established that: 1. where a claimant’s claim is genuine, a court will be reluctant to order a claimant to pay security for costs if doing so is likely to prevent the claim from proceeding; ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ As I thought this is1 of the reasons why our security for less than 9m was accepted
"i can only see a positive resolution for Churchill?" You wouldn't be the first. Here's a quote from the real Churchill: "Those who fail to learn from history are condemned to repeat it." As someone invested in this share too, I'd love a positive resolution. But chickens, counting etc.
ICSID confirm our pledge is ok ROI go .... yourself
The ROI are totaly In character. Delay, postpone query...nothing changes.😡😡😡
Looks like ROI were trying to delay it to the point where Churchill missed the deadline, it didn`t work Next hurdle good luck
Just hope ICSID are honest in their assessment of the documentation of the land that they are in receipt of and are not proved as corrupt as ROI . From the way they have acted throughout the tribunal its hard to have any confidence in them coming to a fair and just decision on anything.
If you haven't seen it http://www.nexexchange.com/announcements?newsid=3746243
Those bloody Indonesians are playing silly buggers again and refusing to cooperate over the pledge of land, they are in my opinion on the back foot and i can only see a positive resolution for Churchill?
Fregatr shouldn't we be hearing whether the bond/pledge of the mine site accepted as collateral for the appeal? Sure this was due awhile ago? I bloody hope this gets accepted!
Hi Maestro, any news expected soon?
Orbiter, i have just checked my iweb account and my chl stock are back in my isa :)
onlooker roi have gone really quiet
Has anyone suucesfully transferred their CHL ISA to a NEX registered company. I am having trouble finding a company to accept these, 'Thesharecentre' will not accept I have also phoned a few others on the NEX list. Anyone who actually knows a transfer is possible I would be grateful for info, thanks.
I just have a horrible feeling that ROI is too quiet.They have not contested the stay of cost or made any comment. I am thinking that if the pledge of land is successful we stand a very high chance of winning the case so I am not expecting them to be just sitting back waiting for a good chance of losing ! I expect them to come up with some silly reason why our deeds cannot be pledged,probably another blatant lie !. I think somebody actually said that DQ also was not 100% confident of the pledge being acceptable but he has maintained that he is confident of funding. I also think if we have funding from a reputable source it would be very positive. Also if ROI are able to have 1 more chance to try to hinder the case and that fails the chances are really high that they would throw in the towel ?
https://uk.advfn.com/cmn/fbb/thread.php3?id=21055432&from=29126 You'll need to sign up first which is free of charge
So where is the best place for CHL chat?
Waiting.
I'm here
the old board is still up but can not be accessed on a mobile phone, only a desktop. Also you just type chl and hit enter in the search, it will not display the Churchill name, but if you just type chl and hit enter it still takes you to the old board