broomfielder
20 Jan 2017
Re: RNS Most Investors will perceive that the Aministrators of Sterling Trust simply have to act in the best interests of its Creditors. In other words, they have to achieve the highest price for any assets they have and that largely seems to consist of their shareholding in RUR.Now the worry for me is that in the information vacuum that RUR PI's have to operate, I have no idea what if any discussions with prospective purchasers have taken or are taking place.Despite a much improved climate for investment being introduced post Election in its main sphere of activities in Argentina, its difficult to establish just what players may be interested in RUR as an entity distinct from its component parts should it be forced into default.One thing RUR investors can well do without is a low-ball offer for ST's shares from P Earl and him then gaining control on the cheap at our expense. But recent legal proceedings suggest that could just be what he has in mind.B
NicholasNameless
20 Jan 2017
Re: RNS And on which side of the fence might we find Sterling Trust...
Inspection Eng
19 Jan 2017
Re: RNS It is another attempt by Peter Earl to get his hands on RUR on the cheap. Getting IPC for £1 wasn't enough for him.
broomfielder
19 Jan 2017
RNS The precise nature and quantum covered by the 2 Statutory Demands referred to in todays RNS are not disclosed.However, it starts the process by Creditors seeking sums due which will increasingly damage RUR unless an arrangement can be reached with the respective parties.Ultimately, like any Creditor, steps are there to pursue legitimate sums due etc.Again we shall have to await details but it rather contradicts the adequacy of the working capital arrangements in place unless RUR are disputing the sums claimed etc.B
broomfielder
17 Jan 2017
News....or rather the lack of it Recent levels of (share) selling have been significant and no doubt the underlying reason for the fairly abrupt fall in the SP after a period of some stability (unlike the oft quoted behaviours of MM's etc).I was about to flag up the potential for a ' leaky ship' but thus far bad news, or indeed any news, has not been forthcoming.And that I think is the real reason some investors have decided to reduce their holdings or simply exit. We await clarity on so many subjects, the continued silence from our somewhat grandly titled BoD is absolutely deafening. We simply havent the faintest idea what is currently going on.It doesnt cost that much to issue an RNS, so how about RUR? Get your act together and issue an informative update on what you have been doing and what you see are realistic objectives for the next 3-6 months.Is that too much to ask?......Yes probably it is, is the unfortunate answer. And that rather sums up AIM as well. Even casinos are better run than this shambles of a Market.B
broomfielder
16 Nov 2016
RNS Just when we dared to believe something altogether more positive could happen here (see previous Announcement), the latest opportunity to tell shareholders something by way of an update, is again missed.Instead, we have to speculate on what's happening here with matters such as asset sale negotiations ongoing/stalled/abandoned etc and is Rur now cash neutral from funds received (hence no need for further short term debt facilities etc etc). Well, who knows........?Instead we are told a new part time FD has been appointed at the request of the Administrators of Sterling Trust. Quite why and who is paying etc is far from clear, but at least it will give them an opportunity to check his figures.Also, if the RNS is quoting his track record, it doesn't appear to be that Sparkling!
broomfielder
28 Oct 2016
RNS - Extension of Short Term Facility Following on from the almost encouraging comments re: cash flow mentioned at the H1 reporting, the RNS announced extension of the short term facilities from Bridge Properties until June 2017, without the need to negotiate further/increased funding is a positive. Whilst shareholders are more than a little keen to hear of tangible progress on asset sales, at least the stability in the Co's cash flow / liquidity is welcome and will undoubtedly ease pressure on our negotiating position.Nevertheless, RUR shareholders have had more than their fair share of waiting on (hopefully transformative) news over recent years, so let's hope there's more encouraging news on disposals in the very near future.We are surely due a break after the Bolivia travesty and it's aftermath......?B
Gold or Silver
07 Oct 2016
Cat out of the Bag Only going to go upwards from here .Let`s anticipate 4p on the next RNS .Good luck AllAnd May
Gold or Silver
05 Oct 2016
Re: Perhaps there's now hope Thanks Brooms , Of course one should be careful not to get over excited & worse over extended on any share .I have had a good run this year with Magellan petroleum & then Nu Oil & Gas , providing extra funds . All the ducks are there for Rurelec . I hope both of our faith and trust is aptly recompensed. Good luck And May
broomfielder
05 Oct 2016
Re: Perhaps there's now hope Good luck to you G or S.I would average down if I had any available funds, although as Rur still is my largest investment, I have wrestled with the notion that I should place any more eggs in this particular basket.I have to concede though that a lot if the ducks (that I thought were long dead) are beginning to line up nicely. Whilst any positive news on asset sales will propel the SP seriously upward, I am not yet convinced we should yet be embracing notions about writing back impairments (as contributors to other BB sites have mentioned), to justify NAV of c10p or more.There is no doubt the potential exists for this SP to re-rate to 4p-5p in the very short term on the back of positive news and this could of course include the purchase (by a major player) of the shareholding held currently by the Administrators of Sterling Trust.B
Gold or Silver
05 Oct 2016
Re: Perhaps there's now hope Broom , You and quite a few others will be underwater in here . I have managed to average down to 1.4p and am now certain that 4 to 7p will be with us pretty soon .Momentum is a great thing and reaching 2p is a huge indicator of good news coming.In my opinion . I doubled up today Good luck All And May
broomfielder
05 Oct 2016
Perhaps there's now hope This share price has a long long way to go of course before it comes anywhere close to the levels seen a few years back when the Bolivian dispute would be settled leaving us all knee deep in cash.It didn't quite work out that way and most long term holders of this stock will be well underwater (as I am).Nonetheless, if we can keep squeezing that little piggy bank for a few dollars more just to keep things going, then the transformation in Argentina's political climate may yet produce a buyer for our assets just in the nick of time.Certainly, with the SP up c100% since its recent low point in August, then a few Investors obviously think so with some encouragement of that notion now being given by the Co.B
Gold or Silver
01 Oct 2016
Of Interest from JulyThe overall strategy is to stabilise the financial position of the Group, to enable the Board to realise as much value for the asset portfolio (including further development work where appropriate), and return that value to shareholders.To TodayThe underlying strategy is to preserve the value of the Group assets, which will in turn enable all creditors to be repaid and maximise returns to shareholders.---------- ----Highly optimistic use of the word maximise .Makes one think that there are cards being kept closely to chests .Watch this space.And May
broomfielder
30 Sep 2016
H1 Results At last there would appear to be some signs of encouragement here after the litany of events and bad news that have blighted the Co in recent years.The 2 remaining Directors appear at least to have the future of the Co and it's shareholders as their main objective which in itself is a welcome departure from previous 'behaviours' of past Directors.The curtailment of costs is welcome if belated and while Net and PreTax Tax Profits have been headline grabbers, these are largely fortuitous being due to Forex gains and FE gains on translation. At least the political tailwinds now blowing in Argentina are finally helping RUR after years of hindrance caused by previous political Regimes.The relative stability in NAV figure (albeit down from 7.7p to 7.2p per share) is a comfort but the real task remains conclusion of the asset sales. The wording on these transactions remains cautious albeit interpretation could construe that settlement may be close.Until receipt of these monies cashflow pressures are bound to continue. According to the Directors, the Co's cash position is 'very tight but stable'. They are however continuing to explore alternative sources of finance as existing cashburn will fully use present facilities during H2.B
broomfielder
01 Sep 2016
Rising SP Fair bit of buying activity of late as some parties now believe matters are reaching a tipping point.This largely centres on the closely linked IPSA facing delisting later this month, Rurelec's own Interims being due and the situation concerning our largest shareholder Sterling Trust (now in Administration) becoming clearer.Whilst our SP trades at a huge discount to NAV this could be eroded by impairments but clearly some are taking a punt on matters reaching a more positive conclusion in the very near future.B
