AIM Soiree Butler Rurelec RUR.L

RurelecRurelec PLC was established to develop, own and operate power generation capacity in Latin America. Rurelec is managed by a team with a strong track record in developing power projects worldwide and with considerable experience in the electricity sector in Latin America. Rurelec's main business consists in the ownership and development of power generation facilities on the national grid and in isolated areas, selling electricity on commercial terms. The Company is now a significant power generator in Bolivia and Argentina.

Rurelec is trading above the moving 50 day average and below the moving 200 day average on below-average volume.
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  • Re: OK - I've finally cracked ! by goodflyingduck
    Mon, 28 Jul 2014 18:04:00 GMT

    It's the British "Summer" weather asilad ... SAD sufferer ! Don't know why I just don't sell-up & move to the Equator ! Or maybe Argentina, Peru or Chile - I can't imagine their Winters to be as bad as ours (he said) &, that way, I can keep an eye on the projects, too. "Our man in ____ reports that Rurelec's ... ". You get the idea ! GFD By goodflyingduck
  • Re: OK - I've finally cracked ! by goodflyingduck
    Mon, 28 Jul 2014 18:00:00 GMT

    I'm keeping my fingers (and much else) crossed w/o !!!! GFD By goodflyingduck
  • Re: OK - I've finally cracked ! by asilad
    Mon, 28 Jul 2014 08:30:00 GMT

    So in the space of 72 hours you've gone from being happy to wait for news and cracking? lol By asilad
  • Re: OK - I've finally cracked ! by welloiled1
    Mon, 28 Jul 2014 08:12:00 GMT

    At the very least would have expected more news of Peru coming on line…let us know if she agrees to that lunch date...

    Welloiled1 By welloiled1
  • Re: OK - I've finally cracked ! by goodflyingduck
    Fri, 25 Jul 2014 16:26:00 GMT

    It's been so long since I had contact with Ana that I'd almost forgotten why I fell head-over-heels for her. Now I remember, having received a charming "holding" reply while she contacts the BoD ; sensitive, sympathetic and supremely courteous. I'm confident that we'll be having some News real soon either from the Co via an RNS or through Ana when she hears back from the Board. I'm relaxed. GFD By goodflyingduck
  • OK - I've finally cracked ! by goodflyingduck
    Fri, 25 Jul 2014 11:09:00 GMT

    I should be feeling really good on account of my investments in REM & BCN but I look at my Portfolio & the only red I'm now seeing is on account of RUR. I have resisted the temptation to scale back my investment here to "feed" my investments there. So, I've emailed Ana Ribiero & here's the text:-

    "Hi Ana

    Please, how fares:-

    The Chilean JV/Partnership "beauty contest" to use Peter Earle's description of the line up of interested parties ?

    The Santiago secondary market Listing ?

    Bringing the power generation on-stream (sorry, no pun intended there !) in Peru ?

    Anything else that might serve to buoy private investors' spirits and have them "keep the faith" ?

    Private investors are getting increasingly "antsy" for the want of some News ... any News, just to reassure them that all is well - they are still incredibly jittery after the fiasco of the Bolivian escapade (both the expropriation and the settlement below the Tribunal's Award - a double whammy !).

    Please impress upon Peter & the BoD that, simply with the passage of time, certain "forward looking" statements made by Peter, generating great excitement amongst private investors, are beginning to look "iffy". We need some News, PLEASE !

    Kind regards"

    I'll post her response. She replies quite quickly so I would have thought by the middle of next week at the latest. It's hurting to see REM & BCN doing so well as RUR continues to languish at 5.75-6.00. I just have to keep reminding myself why I'm here ... I'm sure it will come good. I'm not averse to cutting my losses in any stock if I see no prospect of it faring well and I really do not want to have to even start thinking about off-loading these shares ... just seeing the opportunities slip away on REM & BCN makes me feel a trifle uncomfortable !

    GFD [Still a "Strong BUY" for all of that & based on my enduring optimism & the inherent value of both the stock & the Co's Management Team & BoD]. By goodflyingduck
  • Re: I want to apologise unreservedly to ... by MrNoProfit
    Wed, 23 Jul 2014 06:45:00 GMT

    No need to apologise at all; you're entitled to your opinion. You're optimistic for positive news in the shorter term where as I am skeptical and expect good news over a longer period. By MrNoProfit
  • I want to apologise unreservedly to ... by goodflyingduck
    Tue, 22 Jul 2014 10:38:00 GMT

    Mr N P. I really couldn't be bothered, at the end of the day, in wading through all your postings & comparing them with the Co's News Releases & external events.

    No more postings from me here till we get News which I, for one, am happy to await. I'd much rather have delayed good news than streaming bad or neutral news - just my own personal preference.

    Ana Ribiero is an excellent communicator (as well as her other, more obvious, attributes). If anyone wants info, she's very obliging. It's in that sense that I, personally, don't see a problem with the way that this Co handles its News releases ... they get on & do the job & tell us when its done.

    I guess if the criticism levelled at the Co has any merit, it's because they tell us what they're planning on doing & give a projected timescale for doing it. Then, external & unforeseen occurrences impact & they don't tell us about those or how they might impact on timescale. Maybe a case of "once bitten ..." .

    I'm happy that the BoD and CEO are doing an excellent job of turning around the Co's misfortunes in Bolivia (BANDITS!!!) & I'm happy to let them get on with their jobs rather than being pestered by impatient investors.

    Everything comes to he who waits.

    GFD By goodflyingduck
  • Up 4.54% by welloiled1
    Wed, 16 Jul 2014 15:58:00 GMT

    Hoorah…blue day at last.

    Get the flags out !!

    Welloiled1 By welloiled1
  • Mr N P - Update by goodflyingduck
    Fri, 11 Jul 2014 13:29:00 GMT

    Definitely after the w/e - it's going to take me an age and the w/e lends itself better to that kind of exercise. GFD Still a Strong BUY for me too; the fall on tiny volumes suggests that an RNS is approaching. "Tree-shaking" ! By goodflyingduck
  • Re: Mr N P by swooped
    Thu, 10 Jul 2014 17:23:00 GMT

    Welloiled, don't worry mate I am sure it will all come together shortly we just need patience which is I know hard but a necessary part of the game, otherwise one becomes another aim loser and part of the statistic of those that sold at the bottom. Lets just wait and see what the next few weeks reveals but for sure those JV's must be getting close and for the brave one hell of a price to top up at.

    Based on price and potential I have to mark this as a strong buy By swooped
  • Re: Mr N P by welloiled1
    Thu, 10 Jul 2014 15:13:00 GMT

    Mr No Profit….

    Hmmm looks like it is becoming a good name for everyone here. Gutted there has been no positive news during or since AGM in the meantime will drift downwards.

    I have alot more than 10% of my portfolio on this one. in cash terms becomes a smaller % each week…

    Come on guys…some good news please like a $30m J/V for starters!!

    Bored…bored…bored (and locked in)

    Welloiled1 By welloiled1
  • Re: Mr N P by goodflyingduck
    Wed, 09 Jul 2014 18:32:00 GMT

    Not today, as it turned out - domestic & other (money-making) matters demanding my attention ... perhaps tomorrow, certainly by the weekend. Perhaps, by your reckoning, I should have RUR employ me as their Shareholder Relations Officer ? GFD PS The Duck Shoot temporarily suspended for the same reasons, although no actual fixed date was given for that, was it ? By goodflyingduck
  • Re: Mr N P by MrNoProfit
    Tue, 08 Jul 2014 16:49:00 GMT

    Go for it You clearly have far too much time on your hands.

    By MrNoProfit
  • Re: Mr N P by goodflyingduck
    Tue, 08 Jul 2014 15:48:00 GMT

    I'll get back to you tomorrow on all that - with the facts & with your earlier posts. Meanwhile, no one on this BB cottoned on to the fact that there was a "default" period attaching to the Award until I posted it ! That PE expected the Award to be paid (fully &) promptly was only a reflection of what the judges said themselves. Check that out, why don't you ? GFD By goodflyingduck
  • meeting in recess by All-is-fair
    Tue, 29 Jul 2014 21:10:35 GMT

    Kicillof I venezuela ready to jump on a plane. Must be the best and final offer on the table. Tick tock tick tock. No deal? Expect CFK and Kiciloff to launch an attack with Venezuela at their side.
  • the holdouts don't have the upper by All-is-fair
    Tue, 29 Jul 2014 11:02:41 GMT

    In the long run argentina can technically default, exisitng creditors can then pursue payments through alternate means, the holdouts will then have to wait for RUFO to expire and seperate deals negotiated. It all depends on your perspective I guess, from a RUR holder looking at the short term it is not pleasant, long term its just a bump in the road. In a US court the holdouts have the upper hand, on the 1st August the situation will be turned on its head.
  • RE: cracks forming by Rocka999
    Tue, 29 Jul 2014 09:11:15 GMT

    The payment is a one off, the "Holdouts" still have the upper hand and it looks like the Argies will default, there's nowhere to hide now
  • cracks forming by All-is-fair
    Tue, 29 Jul 2014 08:04:20 GMT

    Greisa allows repsol payment in a blow to the vultures. Also first Paris club payment is made. Its a game of chicken right to the cliff edge!
  • One last offer AET by All-is-fair
    Mon, 28 Jul 2014 20:22:54 GMT

    Thursday night is going to be like a penalty shootout in the champions league final. One last offer I reckon before argentina shuts up shop and takes bonds in-house and leaves the hedgies to wade through the international courts.
  • Greifault on thursday by All-is-fair
    Sun, 27 Jul 2014 17:18:31 GMT

    So, despite depositing the money to pay its debts argentina is going to default on thursday unless some miracle will happen and the hedgies suddenly develop morals...not gonna happen! I have a feeling that the RUR bod will have some chocolate spread to help the swallow this rotten egg. At leats (yet another) line will be drawn underneath this uncertainty sigh.
  • kamel17 by All-is-fair
    Fri, 25 Jul 2014 13:11:59 GMT

    I think PE and Co were basing that on the argentinians achieving a stay on the debt fight with the holdouts. If you asses what RUR are trying to do with cutting deals to partner on their various projects, you can well understand how a potential partner may want to hold off until RUR's major asset has a bit of certainty. Also, in the power development world a few weeks can be anything up to an entire quarter. I'm anticipating some movement in august. With RUR holding off payment of turbine money we can probably assume they are close to signing off a deal on the llappa project and for money to be paid from a partner buying into the project. Anyone who is getting impatient should probably not invest in EM power development companies. Think 5-7 years minimum.
  • How long is "the next few weeks" by KAMEL17
    Fri, 25 Jul 2014 12:44:23 GMT

    The Partnership plans that Peter Earl had hoped to announce in the next few weeks on 2nd June are conspicuous by their absence. I'm in here for the long term having now built up a significant stake it is just a question of waiting for me. The shorter term investors must be hugely unimpressed with Peter Earl's teasers. The disappointment for me here is that I'd expected the award of the payment from Bolivia to act as a catalyst to growth both in terms of availability of cash and reduction in uncertainty. The lack of any announcements, meaningful or otherwise. indicates that the company may yet have to go through a period of stasis and adjustment and this would appear to put back any prospect of increased shareholder value for a while too. At the current price though this does seem inexpensive for the opportunity offered.
  • all the way till 2015 by All-is-fair
    Fri, 25 Jul 2014 06:41:17 GMT

    And expiry of the RUFO. For a country that has been in default since 2001 a few more months won't hurt.
  • All is fair by Rocka999
    Thu, 24 Jul 2014 23:31:39 GMT

    I can see Argentina taking this to the wire and beyond ! Roll on the interims!
  • CFK defiant, good on her by All-is-fair
    Thu, 24 Jul 2014 07:50:02 GMT

    No rush to sign a deal and no wavering of position. A big headache coming to the financial system, what do they call it when a soveriegn nation pays its agreed debt but the payment is not permitted to be made.
  • Default? whatever by All-is-fair
    Wed, 23 Jul 2014 20:48:00 GMT

    Looks like Argentina are not really that interested in turning up for negotiations or that they will technically be in default. Peso has already devalued, from this point onwards its just a slow drag to 2015 it seems and expiry of RUFO. In the meantime Argentina is open for business for anyone willing to do business of which there are plenty and existing restructured bond holders are being encouraged to find their own way to their money. Uncertainty removed now, over to the RUR bod and let's see what they have in the pipeline for Chile and Peru.
  • 7 days to default by All-is-fair
    Wed, 23 Jul 2014 07:17:00 GMT

    Altho they are already in default, well 7 days till the 92 percent have to fight a bit to get their money and the remaining 8 percent holdouts stare at another quote from their legal team. What a sad, pathetic and ridiculous situation this all is. Still, its all to do in August for RUR and we are nearly there. All eyes on Peru and Chile now, can RUR turn words into actions? Absolutely 100 percent positively YES. I think the RUR bod are itching to explode out of this malaise ;-)
  • Not a suprise by All-is-fair
    Tue, 22 Jul 2014 18:13:14 GMT

    No stay granted by Greisa, Pollack is trying to get em all in a room tomorrow at 1130 ET...good luck with that! The default countdown resumes and who knows what the outcome will be. All parties seem hellbent on a financial showdown in international courts. Confirms to me that RUR did well to get a single dollar out of Bolivia altho in this case I do have some sympathy for argentina. RUR were wise to hold off transferring the 3.2 mil to IPSA to make sure they can ride out any impacts to their argentina assets or cash flows.
  • Not to stay imho by All-is-fair
    Mon, 21 Jul 2014 18:22:11 GMT

    Argentina has pretty much red-carpeted Putin and the Chinese leaders in recent weeks. I doub t a US political court is going to be open to a stay to help out one of Putin's chief a-kissers. That is, of course, unless the hedgies are open to it due to advantageous positions they may have developed. End of the day, a stay means expiration of the RUFO and that is advantageous to Argentina but kicks the can down the road again. Well, we'll know soon enough.