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: I should have checked but ... by goodflyingduck
    Sun, 20 Apr 2014 22:31:00 GMT

    Truly ? You believe that ? Do you really believe that the voting masses in Bolivia are THAT astute ? They might, for the most part, be able to scribble an "X" in the appropriate box in order to be able to vote, I guess, but they are not so well educated that they can discern truth from fiction. They'll buy whatever is served up to them that appears to make their lot in life better. And if that means seizing other, more wealthy countries assets, they'll be fully on board with that, too. The ONLY thing that's going to work here, at the end of the day, is the threat of international sanctions because of their breach IF they fail to pay-up, which I sincerely do not not believe they will. There's too much at stake for Bolivia in terms of the International "family". GFD By goodflyingduck
  • Re: I should have checked but ... by swooped
    Fri, 18 Apr 2014 11:41:00 GMT

    The reason Rurelec will be talking with the Bolivians is that they will need to agree how the arbitration award will be paid and thus announced. Bolivia hold the money so are in the driving seat for the moment, however they legally have to pay and they will, they will be well aware that if they do not then things can get very embarrassing indeed for them therefore, they have to take the opportunity and advantage to show to their population or should we say voters, that they are doing all to show that they have covered every base before paying up, they will pay up and my guess is very soon, i.e. this month maybe, they will already be able to state to the masses they have won a victory by the fact the claim was for a much larger sum than was awarded. My advice is just stay calm and watch this space, there will be plenty going on in the background. By swooped
  • Re: I should have checked but ... by goodflyingduck
    Fri, 18 Apr 2014 08:37:00 GMT

    Yes, the award is binding in the sense that it cannot be appealed but there is a three month period, following the award, during which either party can apply to have the award set aside on account of some irregularity (perhaps, e.g., it being demonstrated that one of the Tribunal's Judges had taken a backhander) ; application would, I guess, have to be made to the Court (ICJ) under whose auspices the Tribunal sits. I've not been able to find any cases of set-aside applications. Like other contributors on this BB, I do find it strange that RUR should be talking with Bolivian Government officials about the implementation of the award .... maybe they're thinking about restoring the assets and paying an agreed amount of compensation to cover loss of profits, dividends and court costs ? That would certainly be a lot cheaper for Bolivia than having to compensate all of the dispossessed co's to the full value of the seized assets. GFD By goodflyingduck
  • Re: I should have checked but ... by Valuespotter
    Thu, 17 Apr 2014 19:53:00 GMT

    Where would Bolivia apply to have the award set aside? I thought that the whole idea of arbitration was that both parties agree in advance to accept the result as final. By Valuespotter
  • I should have checked but ... by goodflyingduck
    Thu, 17 Apr 2014 16:53:00 GMT

    .... it does not impact the award already made in favour of RUR. The only significance of today's date in the case between Bolivia & Chile is that today is the date by which Bolivia must file its initial pleadings. Chile has until February 2015.

    See link

    And, yes, the end of this month is the date by which Bolivia must either pay up or seek to have the award set aside.

    GFD By goodflyingduck
  • Re: RNS Please RUR !! by MrNoProfit
    Thu, 17 Apr 2014 11:59:00 GMT

    Unfortunately Bolivia are playing by the rules. There was no requirement for immediate payment and the PCA has a number of rues and procedures. They can be found at this link:
    link

    From memory (In work so I can't open the docs) I think there is a 90 day finalisation of the award which would take us up to the end of April.


    In terms of news from RUR, there are 3 things that we could do with being updated on.
    * Arbitration
    * Santiago listing
    * Operational update on the plant that was supposed to become operational at the end of Q1.
    By MrNoProfit
  • Re: RNS Please RUR !! by Valuespotter
    Thu, 17 Apr 2014 08:50:00 GMT

    Patience...if Bolivia wants to attract foreign investment they must know they have to play by the rules. By Valuespotter
  • RNS Please RUR !! by tonydive.
    Wed, 16 Apr 2014 09:27:00 GMT

    5th Feb was the last "update" RNS


    Need to get these shares moving !!!


    regards,

    Tony By tonydive.
  • Building up nicely ! by goodflyingduck
    Tue, 15 Apr 2014 17:07:00 GMT

    No nasty "spikes", just good, solid growth. The occasional day of relatively minor setbacks but the momentum is up. Perhaps the News will break come the 17th, perhaps not, but whether or not it does, it seems to me that it will come sooner or later, for all the reasons enunciated in past posts, and when it does .... !!!!! Roll on that day ! GFD By goodflyingduck
  • Re: An excellent Read by sageii
    Mon, 14 Apr 2014 07:37:00 GMT

    global warming..earths been cooling down and up for millions of years...global warming ..bring it on~! lol. By sageii
  • Re: An excellent Read by Valuespotter
    Sun, 13 Apr 2014 07:18:00 GMT

    ...And here's a link to the first episode in a hard-hitting TV series on global warming. Don't yawn - it's a real horror story that scared the pants off me. By the way, the Open Culture website is a great one that's well worth exploring.

    link By Valuespotter
  • An excellent Read by swooped
    Sat, 12 Apr 2014 11:41:00 GMT

    Be patient this is about Rurelec, read the article it gives a great impression of where Rurelec may be going, it was taken from Money week 8th April 2014.

    “Hell on Earth”

    From James McKeigue, in Mexico
    Dear New World reader,

    Los Porteños, the citizens of Buenos Aires, are used to hot summers. But this year, things got out of hand. The weather was more than uncomfortable – it was dangerous.

    A friend of mine, a local, described it as "Hell on Earth". The city of 12 million people was converted into a giant cooker as temperatures hit 38 degrees Celsius. The sweltering conditions caused electricity demand to spike, because people turned up their air conditioning units. And that's when the situation got really bad.

    The record power demand was too much for Argentina’s creaking power grid, which crashed under the pressure. With fatalities mounting and power shortages lasting several weeks, locals took to the streets to vent their anger. They blocked roads with burning tyres and banged on cooking pots in their customary protest style.

    I’ve spent a few years in Buenos Aires, and it’s one of my favourite Latin American capitals, but after speaking to my friend all of a sudden the British winter didn’t seem so bad…


    Argentina’s “inferno” will spread

    The Buenos Aires heat wave sparked a round of finger pointing between the government and private energy companies. The ruling party blames profiteering energy firms, while the energy suppliers blame the country’s national grid. There have been all sorts of proposals, from expanding power imports to implementing daylight saving time. But the only feasible long-term solution is to invest more in Argentina’s power generation and distribution network. And at the moment I don’t see that happening.

    With weather now back to normal, the creaking electricity system will be able to limp on for a bit longer. And with the political class trying to stave off a possible recession while gearing up for next year’s elections, no one is going to make the hard decisions needed to fix the problem.

    But this isn’t just an Argentine issue. Power demand is booming across Latin America and the region’s electricity infrastructure is struggling to cope. The World Bank expects Latin America power consumption to more than double between 2010 and 2030 and estimates that $430 billion of investment will be needed to meet demand. And as companies and governments look for foreign capital to fund the investment it should throw up opportunities for New World readers.

    Latin America’s power problem

    Almost anywhere you look Latin American countries have power problems. In Colombia the guerrilla group the FARC spent most of 2013 blowing up remote, rural power infrastructure. Meanwhile, in Chile the problem isn’t that stations are being blown up but that they’re not being built in the first place. The country, which is Latin America’s richest per capita, has a strong environmental movement whose protests have postponed several power projects. For example, the new government of Michelle Bachelet recently shelved a plan for a hydroelectric plant in Chile’s glacial region, following complaints from environmental protestors.

    In Brazil plans for large new hydro stations have also been set back by environmental protests. The delays are a big problem for a country with a history of blackouts that occur when low rains hit output at the existing hydro plants. And over in Mexico the situation is more complex. On the face of it, the energy reforms should create huge opportunities for private power companies. But in practice it will take time for the dust to settle. I recently interviewed one of the commissioners at the Mexican energy regulator and he explained to me that there would likely be delays while new bodies created by the reforms carved out their own fiefdoms in the power industry.

    But as serious as some of the challenges are, Latin America can’ By swooped
  • Re: 100K buy @ 9p..so.. by welloiled1
    Fri, 11 Apr 2014 11:55:00 GMT

    The Buying at 9p is good news expecially as it has jumped on low volumes. Don't forget most shares are not in public hands so jumps are often a reflection of difficulty to purchase.

    Expect another jump soon if buying continues.

    Welloiled1



    By welloiled1
  • 100K buy @ 9p..so.. by sageii
    Fri, 11 Apr 2014 11:20:00 GMT

    some seem to manage it.. annoying. By sageii
  • Re: mr noprofit by MrNoProfit
    Fri, 11 Apr 2014 10:19:00 GMT

    I can sell at 8.4p though. By MrNoProfit
  • Of interest? by madchick
    Mon, 21 Apr 2014 11:35:06 GMT

    A lot of political waffle and coupled with a bad translation, it's hard to tell what's going on!

    link

    "The EU welcomed the enactment of the Investment Law for days. But now they are asking for a rule governing the resolution of disputes. yet no system is accepted at this time on the resolution of disputes. I think the vast majority of businesses are going very well (Bolivia), but occasionally, something happens that requires resolution of disputes between parties. There are ways to do it between them (employers), but occasionally, you need a legal system to resolve these disputes. For example, this has happened with that nationalizations any company has had to solve their problems at the Court of Arbitration at The Hague, but with the new Constitution, it is not recognized. Bolivia also need a legal context to resolve such disputes. It is important to reassure investors, people doing business in this country. Which is the problem of investors to come? They are coming. European investment continues to grow. The EU is the largest investor in Bolivia with 51% of all foreign direct investment from the EU member states. But it is growing at an enterprise level, with a strong economic power. But what is missing here is the level of investment in small and medium enterprises, which have a lot of creativity, a lot of new technology and with many ideas. That is very important for the economy. So for me, the investment law was very important and all the regulatory environment, its regulations and a law of conciliation and arbitration" So, on the one hand they don't recognise arbitration but on the other hand they see it as very important...?? Of course, they did agree to abide by the arbitration when they set out, so maybe this is to pave the way for their actual payment?? Who knows!
  • SP by legobrickgirl
    Sun, 20 Apr 2014 11:26:50 GMT

    Could this of influenced the SP drop last week?

    link

  • Bolivian Government by johngilchrist
    Fri, 18 Apr 2014 08:29:54 GMT

    Are they just insane??? stupid, arrogant or just crazy. Stupid seems unlikely. I hope their Chilean arbitration case gets thrown out on its a*se, and some deluded officials start getting sacked.
  • mmm by sage
    Thu, 17 Apr 2014 13:29:55 GMT

    sellers at 7.60`ish bit premature!
  • RE: I think if news was coming out by Uksteveg
    Thu, 17 Apr 2014 11:12:02 GMT

    Been a lot of buying in the last few days, this was almost completely stagnant for a while. Notice a few sells and marked down today, maybe people are thinking no news = bad news coming. . Would not rule out an rns after close
  • I think if news was coming out by sage
    Thu, 17 Apr 2014 10:10:54 GMT

    today there would be more buys? Every ship is a little leaky. What do we think guys.?
  • Dividends - clarification by Funkygib
    Thu, 17 Apr 2014 09:43:56 GMT

    Could someone clarify please - were the dividends that were not paid prior to nationalisation part of the ruling or sit outside? Thanks
  • Interesting by Solosphere
    Thu, 17 Apr 2014 08:19:13 GMT

    link

    I like this bit which obviously means jack as the Bolivians have not respected The Hague decision so why should Chile if the outcome is in favor of the Bolivians; "The International Court of Justice in The Hague could take years to issue its ruling, which will be binding"
  • spindok by sage
    Thu, 17 Apr 2014 07:53:51 GMT

    well the silence is deafening.allowing the sp to drift..maybe this afternoon.
  • Today by spindok
    Thu, 17 Apr 2014 07:40:04 GMT

    Today is the 17th.. Will we get an rns or will the Bolivians wave two fingers...
  • SP by jeddicat
    Wed, 16 Apr 2014 13:20:41 GMT

    1414hrs. Just did another 'BUY' and offered; 5,000 @ 8.23p Which means that most of todays trades, almost all, marked as 'Sells' are in fact 'Buys', incl the last 30,000!
  • SP by jeddicat
    Wed, 16 Apr 2014 07:10:43 GMT

    All - Just done a 'dummy run' for 5,000 RUR shares, BUY, I was offered 8.49p! So our first trade of today was a BUY, and not a SELL (in red) as shown in live trading! GLA
  • Uksteveg by Raiden
    Tue, 15 Apr 2014 17:05:55 GMT

    ...inclined to pay and show they abide by the rulings. If they didn't win...well I would suppose they don't really mind not paying? How much has their failure to pay impacted foreign investment thus far...although I suppose that's a question for further down the line after the deadline day has revealed all. You're absolutely right though, look forward to Thursday.
  • UkSteveg by Raiden
    Tue, 15 Apr 2014 17:00:57 GMT

    I don't know if it would affect the payment, but I was just thinking along the lines that if the Bolivians won the court case against chile they would be more inclined to
  • RE: Raiden - Bolivia -v- Chile by Uksteveg
    Tue, 15 Apr 2014 16:01:49 GMT

    But why would that affect the payment? This surely is completely irrelevant or am I missing something. I'm certainly expecting a RNS on Thursday, with hopefully good news. That is the deadline day so someone should know by now what the position will be on that day.