Lucian Mier at the UK Investor Show 2013 - Watch from 20 mins in to see the description of Churchill Mining's 'only' asset the reasoning behind the shorting. It's good to understand the perspective differences and with this in mind it should enable you to remove cream from the trade at opportune moments to derisk and wait.
Like other types of companies Churchill Mining is waiting on key news; initially the jurisdictional issues need resolving in a little over two weeks on the 13/14th May (Churchill Mining (AIM: CHL) reports its interim results for the six months ended 31 December 2012. (Press Control + F and type May into your search box for reference).
Now some may consider this high risk; my view having completed a mock trial with a group of people is the Jurisdictional Requirements have been met by Indonesia's Actions (or lack of) and as such the International Arbitration Panel has a duty to hear Churchill's claim. With this comes volatility in which to reposition yourself/derisk; 'just' in case there is a ruling against CHL in terms of jurisdiction.
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