8.4m share purchase at close Fairly chunky trade (definitely showing as a 'buy') @ 1.50p at close.Crystal Ball anyone.......?B
Repayment of Radix Loan (in default) Confirmation that this Facility has now been repaid is another positive step for Rurelec as it moves toward longer term stability.Whilst the details of the negotiated settlement are not disclosed in the RNS there will presumably be some fairly hefty penalty sums included in the final figure.Nonetheless I think most will agree it is good news - now we need a roadmap which would outline where exactly our Company is headed and within what timescales etc.At the very least another more detailed Company communication on the way ahead would be as welcome as it is overdue. B
Re: Hands UP ! Chill, have a margarita..
Re: Hands UP ! good news..hotting up..
Re: Hands UP ! machine short target hit now a BUY..
Net worth The market is now saying this company is worth less than 10 million pounds , and yet last year it received a cash payment from Bolivia of 19 million pounds ???? Even if we ignore all the business in the meantime ....how has 9 million disappeared ????Any ideas , guys ?
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..
Value of Rurelec We are now worth £11.23 million ! I think the 2 Turbines for one of the projects cost £5 million !They need to get there derierres moving, there is more going on than we know.LB
Re: AGM Result I tend to agree, I think the deals on the Sale of the Peruvian assets is done, so they struck quickly to protect themselves Sterling has paid 9 pence per share ! LB
Re: AGM Result Well as we are all underwater here I feel at this stage it better to be the eternal optimist, only if truth be told I have no option, but to my mind a few things could be occurring; 1. an MBO or 2. in my belief something more positive. Lets assume for one minute that Sterling had had enough of Peter Earl and his continual failures, what might I do in that situation, well as the controlling shareholder the first would be to get rid of the lead offender i.e. Peter and if the assets were, and are worth as much as we were led to believe and I guess they are, Arica is certainly a great asset then the next thing would be to clear out the board, tie up a partnership with a third party, and rerate the company on great assets and a partnership deal with clout. This would also be achieved by Sterling relinquishing a large shareholding. It is of course all speculation but an MBO would be of no use without the financial backing of a major partner prepared to invest. At this stage I am prepared to hang on in, with a small float any selling now would be pointless as the sp would be obliterated. Sterling are not stupid they have their roots in banking, Arthur Anderson and all the top names, they will I expect know what they are doing and I find it hard to see how they can stitch up the shareholder without stitching up themselves, being as it were so deep in the mire themselves, they are after all shareholders as well and at far far higher prices than the sp shows today.
Re: AGM Result Thanks LBDw (another Leicesterboy!)
Re: AGM Result I do tend to agree Sterling are throwing their weight around, they have a huge shareholding, and are probably fed up with the way things have gone or going ! LB
Re: AGM Result I have no idea, but no one seems to be selling ! and there would have been people there, I am sure all will be revealed ! Good or Bad.LB
AGM Result Hi all,Did anyone go along today to see what happened? Seems we have re-appointed the auditors and nothing else. I presume it was Sterling throwing their weight around, and we seem to have fewer directors now. But what is the background to all this? Can anyone shed any light please?ThanksDw
Re: AGM questions Its been and gone anyone on here went to it !LB