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: Borrowings by MrNoProfit
    Fri, 28 Nov 2014 08:17:00 GMT

    PE is the activing CEO of IPSA following the sudden death of Phil Metcalf.

    I guess it depends on how close those deals actually are. The company has been "finalising" these for some time now.

    Lets hope they don't end up with another birdsong deal in the meantime. By MrNoProfit
  • Re: Borrowings by Leicesterboy
    Thu, 27 Nov 2014 13:52:00 GMT

    PE is a Director IPSA is he not ! IPSA and the Bridging Loan company will know what is going on and how close we are to a deal with partners ! I would have thought !
    LB By Leicesterboy
  • Borrowings by goodflyingduck
    Thu, 27 Nov 2014 13:24:00 GMT

    Those lenders who have loaned money to the Co will not be lining up to scotch the High Court application and nor, IMHO, do they have any grounds on which to do so. They want their money (I guess) and they will get that when RUR does the partnership deals, regardless of what happens to the reduction in the SPA. We have to assume that those loans were made on standard commercial terms, unlike the IPSA deal which was "connected". It's that connection that would give IPSA alone the opportunity to throw a spanner in the works BUT they are not going to do that, are they ?

    GFD By goodflyingduck
  • Re: High Court endorsement ... by daw2905
    Thu, 27 Nov 2014 07:55:00 GMT

    Only about 14 business days to the hearing.... By daw2905
  • Re: High Court endorsement ... by MrNoProfit
    Thu, 27 Nov 2014 07:48:00 GMT

    If you look at the interim results, borrowings are much higher than the amount owed to IPSA. By MrNoProfit
  • High Court endorsement ... by goodflyingduck
    Wed, 26 Nov 2014 22:59:00 GMT

    ... will be rubber-stamping. Even though I managed to misread the vote (thanks again Shasam) the simple fact is that only 0.02% of those voting voted against & they are unlikely to challenge in the High Court. That only leaves creditors, of whom I am aware only of IPSA; they will not challenge, for obvious reasons. So, yes, a rubber-stamping exercise in the absence of any legitimate challenge.

    GFD By goodflyingduck
  • Re: I'm no mathematician BUT ... by Leicesterboy
    Wed, 26 Nov 2014 22:12:00 GMT

    It will be !
    LB By Leicesterboy
  • Re: I'm no mathematician BUT ... by MrNoProfit
    Wed, 26 Nov 2014 20:07:00 GMT

    Is the high court a rubber stamping exercise? I couldn't find many references that I could cross check to similar action.

    N. By MrNoProfit
  • Re: I'm no mathematician BUT ... by Shasam
    Wed, 26 Nov 2014 20:01:00 GMT

    GFD

    Just to make you aware, you misread the Votes.

    It said " 99.98% in favour out of the votes cast being 434,658,604 shares voted in favour out of a possible total of 561,378,586".

    That makes it 77.4% voted. Still good news and we await the next announcement.

    Here endeth the lesson!

    Sam By Shasam
  • I'm no mathematician BUT ... by goodflyingduck
    Wed, 26 Nov 2014 13:19:00 GMT

    99.98% of 561,371,586 is 561,266,310. Maybe the abstentions were recorded as votes in favour and 0.02% of the shares in issue, that may have been cast against the Resolution , would amount to around 100K. So, no strong resistance (if any).

    Onward and upward. Next step, the rubber-stamping by the High Court - no one can, seemingly, legitimately oppose that, so that should be perfunctory.

    Then, if I'm right, the announcement concerning the Distribution ... almost certainly before Christmas.

    Fingers crossed everyone !

    GFD
    By goodflyingduck
  • Re: Vote Passed by Leicesterboy
    Wed, 26 Nov 2014 08:26:00 GMT

    We are not significant Sterling own 54% of the business ! Only need 1 hand in the air ! Yeh !
    LB By Leicesterboy
  • Vote Passed by MrNoProfit
    Tue, 25 Nov 2014 17:48:00 GMT

    Unsuprisingly the vote was passed.

    Now we wait on the high court.

    N. By MrNoProfit
  • Re: Distribution by goodflyingduck
    Mon, 24 Nov 2014 17:56:00 GMT

    Both requiring their own, particular, "handling". Good on yer !

    GFD By goodflyingduck
  • Re: Distribution by Leicesterboy
    Sat, 22 Nov 2014 21:25:00 GMT

    Sorry not into Freemasonry ! My mate is heading to be the head honcho in Leicester though ! I have enough "friends" ! Rugby and Golf !
    LB By Leicesterboy
  • Re: Distribution by goodflyingduck
    Sat, 22 Nov 2014 12:10:00 GMT

    Lodges ? We're not talking Freemasonry are we, LB ? And why (nowadays) people opt for solar rather that pv defeats me. The electricity generated by pv is much more versatile than the hot water produced by solar. It could even supply the juice to new traffic-managements systems in Nairobi which both the Russians AND the Chinese could understand !

    Yes, I think there's going to be a nice steady stream of News - I do hope they manage its release properly ... in bite-sized pieces for the ease of digestion by the Market. I did ask Ana to ask the BoD to do that in future ... the last "holistic" Release barely registered.

    GFD By goodflyingduck
  • RE: kamel by KAMEL17
    Fri, 28 Nov 2014 15:27:50 GMT

    I was not aware that my post in response to yours on Wednesday was in any way condescending, if it was interpreted as such this was certainly not my intention. I had merely tried to be helpful. There are a number of contributors who have roundly misunderstood the effect of the Court Approval that has been sought. My post was not really directly at you in any event, more to the readership as a whole, irrespective of this it was hardly insulting or impolite. You have reacted poorly and in reality your post has just made you look silly however let's not fall out over what in the ends of the day is probably just a misunderstanding
  • RE: kamel by jaf1948
    Fri, 28 Nov 2014 14:53:47 GMT

    The difference is Swooped and kamel make their points calmly and politely (in most cases !). They have been more wrong than right compared with AIF over the past year but AIF quickly resorts to insults if anyone questions his thinking and comes across as a most unpleasant person. AIF, since the purpose of a forum, as tdah rightly points out, is to help each other, your posts would be more easily acceptable if you tried to be a bit less confrontational. However, I don't really believe you care how your posts are taken - you have your own agenda.
  • RE: kamel by tdah1986
    Fri, 28 Nov 2014 14:45:03 GMT

    Great watching Kamel picking his friends here - got condescending with me on Wednesday because I asked a question that he scoffed at (sorry "mate" but maybe we aren't all as "long in the tooth" as you - what is the point of a discussion board if it's not to help others learn, ponder questions and share opinions?). At the same time he sided with AIF on evidence that AIF understands the RNS better than most. Come Friday he's fallen out of bed with him too. Do yourself us all a favour Kamel, if you can't get on with the concept of a forum, then don't bother using it at all.
  • any serious traders on this board by All-is-fair
    Fri, 28 Nov 2014 14:28:50 GMT

    Or is it just full of dreamers and ranters? Am I alone in wanting to discuss the real news and challenges?
  • RE: kamel by KAMEL17
    Fri, 28 Nov 2014 14:11:58 GMT

    Do you really expect me to get into a slanging match with you? I'm way too long in the tooth to fall for that nonsense. I've said my piece and I'll leave it at that. When all is said and done; I'll either make a profit on this or not and I'll not give you a second thought. You may like to consider this though; I gave you the benefit of the doubt when others didn't. None of us can tell with any degree of absolute certainty whether Rurelec will prosper or not. Go on have the last word if it makes you feel like a big guy. I'll just leave it to others to judge. Enjoy your weekend
  • kamel by All-is-fair
    Fri, 28 Nov 2014 13:07:32 GMT

    There you go venting your frustrations again. Its not my fault that the wheels are coming off again
  • RE: no ipsa loan yet by KAMEL17
    Fri, 28 Nov 2014 12:45:02 GMT

    Do you think that by re-iterating the same point countless times that it will become any more valid? You are hugely annoying and have little or nothing to add here. This is an AIM Share quoted in pennies and as such is bound to be mired in uncertainty. The bulk of contributors here are hopeful of good things here and are mindful of the risks involved. There are a few less well informed contributors or those lacking in experience who read these Boards to assist them in understanding their investment. I could not care less that you have made /or lost monies in other investments and your continual stream of ill mannered and quite frankly repetitive commentary doused with a mixture of dogma and personal insults is of no use to anyone. Are you quite so sad that the highlight of your day is "getting the rise" out of swooped who you seem to rankle so much. I for one, am totally bored with your constant spewing of regurgitated information laced with your own bile. Please try to conduct yourself in a more professional manner- it's not really that much to ask is it? All one can do is articulate their opinion. If you look over my own posting history you would see that I was scathing over a few numpties on the BPTY Board who espoused utter nonsense. Sometimes even when you are right there is no persuading the blind, by the same token sometimes it is us who are blind. There is a stock called PHE, It's an utter dog with zero chance of success but there are about a dozen dimwits there who would be championing it even if it had been liquidated. God forbid this pile of doo-doo succeeds though as there'd not be enough humble pie in the world. Please though - just give it a rest it'll do us all good: including you.
  • no ipsa loan yet by All-is-fair
    Fri, 28 Nov 2014 12:01:01 GMT

    Turbocare have waited years for payment, 21st is long gone now and with ipsa already 1 mil in debt and pretty dire financials its no wonder its taking so long. We're kept in the dark and fobbed off with meaningless rns in the meantime.
  • swooped by All-is-fair
    Fri, 28 Nov 2014 10:34:28 GMT

    Hold your breath people the tide will go out for sure!
  • The proof of the pudding by Swooped
    Fri, 28 Nov 2014 10:22:36 GMT

    Is in the cash, I have been very happy to have accumulated a lot of shares at these lows, it won't take a lot of movement to make me quite a return here, and yet, as I understand the basis of fact that share prices move up and down, these current prices are great as I know where this is going longer term, although now longer term is probably quite short term, I shall do all of this quite calmly, whereas you seem to be in a perpetual state of anger LOL, your posts now make me laugh as I can see the seething steam you must be expelling, the difference between an investor and a trader no doubt. No wonder you are frustrated you must have a very short outlook on life, relax a bit and stop patting yourself on the back for short term wins, its the longer game I'm after.
  • swooped by All-is-fair
    Fri, 28 Nov 2014 10:07:01 GMT

    You are hilarious. Simply hilarious. Me...well I dont need to defend myself, just about everything Ive posted has actually happened. Im sure at some point rur may actually do a deal and I guess its lost on you just how far the sp has gone down over the last few months whilst you've been pumping these deals? But no....when it happens you will try to convince everyone you were right all along. Simply hilarious. You are like a cult leader standing in 5 foot of ocean trying to convince your flock that when the tide goes out it was all your makinghilarious! Right, enough of your bleatings, all eyes on the ipsa board for an announcement...something tells me we are in for a long wait.
  • Or should say by Swooped
    Fri, 28 Nov 2014 10:06:23 GMT

    So what do we have to look forward to.
  • Now back to rurelec by Swooped
    Fri, 28 Nov 2014 10:05:13 GMT

    So what do we have; 1. An overwhelming support for the reduction in the share premium account 2. An announcement on some cracking deals at a premium to book thus leading to distributable reserves 3. A possible dividend 4. Continued growth with substantial partnerships in place 5. Increase in share price towards NAV or more currently stated as being 9.6pence or twice what we are trading at now
  • Insults by Swooped
    Fri, 28 Nov 2014 09:53:51 GMT

    I suggest you look to yourself for insults, don't play the victim, the person that started all the insults were in fact you, you did not like the fact that I believe in Rurelec's future and you did not like to hear anything good about Rurelec, in fact you turned up here out of the blue, an unknown poster with no interest in Rurelec other than what negativity you could spin to help your trades, Any 'insults' as you put it from me have been directed at just you and yet you have managed to insult me, Jeddicat, Kamel and many others.. you are it seems just an angry nobody that has made some substantial losses elsewhere (which you cannot face up to, remember you posted your trades and the times you made them, so we all know they are higher losses than you say) and now seek to troll this board, just go away your emotions are just to high and your anger just too obvious. Failing that just wait for the Partnership deals to be announced so that I can tell you, that in the grander scheme of things, you were wrong.
  • swooped by All-is-fair
    Fri, 28 Nov 2014 09:40:26 GMT

    Wtf? You have been pumping away from 14p down to here. 10 months of guff and yet no rur deals, no decent spike, nothing. We're now over a month with ipsa in default of the payment to turbocare. Dont you think this is a bad thing? Your strategy surely cant just be to gold forever and never allow anyone to post anything other than your regurgitated fluff? One need only read your posts over the past year to know you have never got one single thing correcr and yet you lord it all over this board because you've been to a few agms and talked to Peter Earl a few times. Maybe you should wake up and realise that all these carrot and stick rns are just making you look like a fool as the sp tanks further and the problems grow? By all means bury your head in the sand but stop insulting those that are trying to front up to these challenges.