Member Info for Fregatr

Just testing if the site is still live.

I find this outrageous. Once in your ISA, SIPP or whatever? I can't see why it can't stay there. I hold in my QROP that was a SIPP and no problem for me but had anyone tried to talk to the FSA? Once you own the certificate, it seems immoral that you should be made to move them. I understand not being allowed to be transferred in but this is ridiculous IMO,

We could well be stuck here for another year. Seems a shame to see bickering and any amount of ramping or deramoing ain't going to change the price so let's keep this BB for discussing news rather than comments made probably after a few bites. Be lucky....

I agree Maestro. I've always tried to remain positive here and it's looking better by the day. It'll be cream on the cake for me if we get the result we should. I don't like being conned. This was a considered investment foe me not a punt and no way did I expect the ROI to conduct themselves in this manner. Trying to be polite here!!!

RNS Number : 4444J Churchill Mining plc 28 June 2017 28 June 2017 NEX: CHL CHURCHILL MINING PLC ("the Company" or "Churchill") ICSID Arbitration - Annulment Proceedings Update Further to the Company's announcement of 21 June 2017 regarding its request for continuance of the provisional stay on enforcement of the Award of December 6, 2016 in ICSID Case No. ARB/12/14 and ARB/12/40 ("Award") until completion of the annulment proceedings ("Request for Continuance"), the Company advises that, subject to the Company pledging the Port Land property that it had purchased in the East Kalimantan Province of Indonesia for the East Kutai Coal Project as security, the stay on enforcement of the Award will continue pending a decision on the Annulment Application. In its ruling, the ICSID ad hoc committee ("Committee") has called for the Company to (i) use its best efforts to implement the pledge, (ii) provide an update on progress to the ICSID Secretariat within 15 days, and (iii) provide a copy of the pledge to the Committee and the ICSID Secretariat within 30 days. The Committee has also stated that if implementation of the pledge referred to above is not complied with, the stay on enforcement will be automatically terminated. The Company has accordingly commenced work on preparation of pledge documentation. The Directors of the Company are responsible for the contents of this announcement. ENDS For further information, please contact:

Hi Maestro, I guess we won't be getting any RNS here any more after delisting and have to look at the NEX site? For those wh havnt seen it ... http://www.nexexchange.com/member?securityid=17818

They have no dealing with NEX but wil confirm to me in due course if their prime broker will be able to provide prices so they can quote. From the email their assumption seems to be that Churchill become insolvent so I rang them. If they become tradable on the NEX, I told them I expected a price around the price quoted. The person I spoke to said he would get more info and get back to me but he suggested they would have to reflect any vAlue shown in the market. I told them that if a market returned and they failed to quote they would be in default. I told them their prime broker must be able to quote around any NEX price so they should be able to quote around that....so let's see. If there is a market and they don't quote, I will sue.

I now have confirmation from IG that Churchill will stay on the book at current price until they either go into administration when they will be revalued zero or requoted elsewhere when they will try, subject to confirmation, to quote around prices their prime broker should be able to obtain. I am waiting for confirmation of this and will report back, regards to all.

No worries mate.

I still see 38 http://www.nexexchange.com/member?securityid=17818

I've written again but I don't understand what they mean by making the bookings on my account..

To me their reply was gobbledegook meaning nothing. Let's see what their explanation is. IMHO they will do anything to cover any payout so I guess they have put their prime broker on the spot to get quotes via them for NEX but they haven't confirmation yet, I think my bet is a rolling one as I pay long term interest of a few pence per day so I doubt the June relevance will have anything to do with it. I'd settle for 37 or 38 on my IG position but I think IG should confirm how they will be dealing with this situation. Not happy me!!!

"I have received the following and have no idea what they mean so have asked them.... I have had a response from our Corporate Actions team, and they have said the following in regards to your query on the stock Churchill Mining. I thought it was at least worth passing onto you. See below: 'We are continuing to chase this one up with our broker on a regular basis. However, we may not have a final decision from our broker until they actually make the bookings on your IG account.'

Maestro, correct me if I'm wrong but if they reach an agreement with their primary broker, which is what they said they were trying to do, then they will have a price to quote around? Frankly I hope they don't as I have enough shares not to worry and woul be happy to accept 38p on my position. To me, they are in default if they have no quote available if/when there is a market price. That's the way I see it?? But I'm no expert.,,,

Hi Traders. Sorry but just the one email address. But if you think IG are on the right track. That's good enough for me. Thanks for the input.

That said, it's ridiculous they can't spell out what they intend to do or try and do...pathetic IMHO.

Then:- (2) Irrespective of whether the Determination Date for the Bet passes and irrespective of any Orders given by you, a Bet on a suspended nancial instrument will remain open but Suspended until either one of the following takes place: (a) the suspension in the Underlying Market is terminated and trading recommences, at which point the Suspension of your Bet will also cease and your Bet will become tradable again. Following lifting of Suspension, any Orders that are Attached to the Bet that have been triggered will be executed as soon as is reasonable in the circumstances having regard to liquidity in the Underlying Market and any hedging transactions that we have with third parties in order to hedge our exposure to you. We cannot guarantee that Orders will be executed at the rst available Underlying Market price; or (b) where the nancial instrument is in respect of a company, that company is delisted from the Underlying Market, goes into insolvency or is otherwise dissolved, at which point your Bet will be dealt with in accordance with Terms 29(4) and 29(5). I just don't see where they might be obliged to settle at the suspended rate??

It's not as simple as we may think:-(1) If at any time trading is suspended in any nancial instrument that forms the subject of a Bet, the Bet in question will also be Suspended from operation unless we are able to continue to make prices for the Bet based on prices in a different but related Underlying Market that is not suspended from trading. If Suspended, the suspension price of the Bet unless re-valued by us as set out in this Term 29, for the purposes of Margining and otherwise, will be the mid-price quoted by us at the time of suspension. For me, this means they can't margin call e crept at the suspension rate.

Well spotted Iselee. They do hold shares, or that is what they told me, but may be not100% hedged. They need to confirm how this will be handled before any news or they are relisted otherwise they risk being taken to the FSA our Ombudsman. Anyone with a position with them, please also contact them.

Thanks Maestro and Traders. I will keep the pressure up.