Allisfair
19 Jun 2015
Next stop is selling into this mysterious power company with PE leaving the party and taking IPC with him. What a crying shame but it was just so clear to me that this would happen. It's just a shame that Swooped and Co were so convincing I guess, many have been hoodwinked to stick around. lessons learnt I reckon, take a balanced view and always ignore the uber-positive posters who ignore the facts.
Allisfair
19 Jun 2015
whoops...hmmm sorry but told these lot this would happen months ago.
swooped
19 Jun 2015
Mixed views Mixed views to be honest, on the face of it Peter seemed like the driving force however, his bullishness and continual failure to meet timescales has imo been one of the biggest driving forces in share price depression. It seems obvious that the one thing the market hates more than anything is missed deadlines, Peter Earl missed so many deadlines that I believe the market had begun to mistrust him and at best certainly not believe his continual hyperbole. Rurelec have all the assets with Arica being the biggest and could easily be a game changer here if we get a good partnership deal, I will be interested to see who takes on the role and I would not be surprised to see a buyout on the cards now, with Sterling are up to their neck in it, they will I expect now push for great change and do whatever they can to create a rise in the SP to recoup some of the huge investment they have placed in the company.Vitoil is an interesting thought, as much as this looks a bit of a mess at the moment there is no denying the assets that are tied p in rurelec and with them now trading at a third of the NAV I agree that this could relate to the best possibility for a long time to get in at a very attractive price, I can understand why we are seeing buying today, I also have to take heed of the fact that Pablo Escobar would not have purchase such a huge holding without a very good understaning of latin America and his direct tie up with Vitoil should not be overlooked, they can propel Rurelec to great heights if they wanted to out of small change, they are truly a monster company with financial strength to do anything they desire. Perhaps Pablo may be the next CEO? Interesting times afoot but it can never be nice for a CEO to depart and then see that now people want to buy in.
broomfielder
19 Jun 2015
Re: RNS As others have commented - a lot of information suddenly to go through after a prolonged famine. My initial thoughts. Can't help but indicàte this is a salvage operation now with a sale or absorption by one of their intended 'partners'. Moreover as they will be privvy to all the financial minutae they will not offer over the odds. In fact aware of how weak Rurelecs position is in terms of liquidity, no doubt will be after a bargain.With hindsight, the Arbitration award was the beginning of the end when we PIs all thought it would be a new beginning. Hindsight I appreciate is always a wonderful thing (sic).Yet another AIM investment on my part that I now seriously question my own judgement.As for PE, his involvement I always viewed as positive. Now I feel despite no doubt working hard to achieve delivery of his plans, he clearly has misled investors. Over optimism on so many issues meant his departure was inevitable.Now we have to scramble to see what our prospects REALLY are.B
lambrini girl
19 Jun 2015
Re: Hands UP ! >>she just posts negatives on many II BB sites ! To be ignored as I did, it all sounds very promising for 2015, <<<nice LB...>>Just a cheap shot LB, smoked him/her/it/them out on QFI bb.<<<even nicer welloiled..I predicted its drop to 10p..BANG ON!!
lambrini girl
19 Jun 2015
Re: Hands UP ! >>SELL...50% off sale here..2p target<<>>>Hi LG great to have you on board, but please do your research before you post utter tripe,<<<BANG ON!!....enjoy the tripe LB..
TheGreatGame
19 Jun 2015
Good riddance Presumably PE will go on to make a good profit out of IPC while we shareholders are left with this pile of poo
daw2905
19 Jun 2015
Re: Like buses, the RNS's all come at once. A lot to take in, and not sure what it all means in a practical sense!I did like the NAV 11.1p per share though.
MrNoProfit
19 Jun 2015
Like buses, the RNS's all come at once. It looks like those "expected" partnership deals have fallen flat and instead there are bridging loans.Peter Earl has gone, but bought part of the company at a nominal fee....!Time to start going through the final results. This may take some time.....
Leicesterboy
03 Jun 2015
Re: Running for the Exit ! I agree on the Sterling position, they have paid over 9 pence per share ! and they cant afford to sell at a loss.Lets hope the next RNS is a cracker ! LB
goodflyingduck
03 Jun 2015
Re: Running for the Exit ! RUR must be looking like a tempting morsel at the moment, I agree, but I can't see Sterling or YF being prepared to sell at a (significant) loss. I think that one or two relatively small pi's have thrown in the towel but those of us that remain probably have little option but to watch and wait and see how things unfold. I remain cautiously optimistic.GFD
Leicesterboy
03 Jun 2015
Running for the Exit ! Nobody seems to be doing that which in my book is a good sign, as eggs are eggs some one knows something, very few in PI hands and any leaks from the BOD would immediately set the Fraud Squad loose ! We shall only have to wait for a few weeks for either good or bad news, but at a MC of £19 million not sure how much lower it can get, of course there may be a Sale for the whole business, that is what I would want if I were Sterling Trust !LB
daw2905
02 Jun 2015
Re: Nada I'm still lurking too! Not contributed anything as there doesn't seem to be anything to say at the moment. Just waiting, hoping....
TheGreatGame
02 Jun 2015
Re: Nada Haha Nice to see you two are still here.I was getting ready to turn the lights off and close the door.Yes I appreciate what you say LB but in the end the co performance is what I am concerned about rather than finding excuses.I know there is time ahead and this may turn around yet but I am not holding my breath.GL anyway.
Leicesterboy
02 Jun 2015
Re: Nada You are right re MC, good to hear from you GFD, I do monitor the LSE BB, but I think posting on one is enough for me. As you say hopefully News soon got to be actually Loans need repaying end of the month, they must have it all planned ! LB
