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Rurelec Share Discussion Threads
Showing 3226 to 3249 of 3250 messages
|buyers coming back.....code 1 also|
|There is a good discussion on LSE why todays' news is significant. Could well see 3p+ next week. Only 560m shares in issue.|
|i bought more 1 hr before RNS...timing is everthing...will open above 2p on monday|
|Rurelec Shares Soar After Striking Deal To Protect Turbine Interests
Fri, 10th Feb 2017 16:14
LONDON (Alliance News) - Rurelec PLC on Friday said it has struck a vital deal with Ethosenergy Italia SpA in order to protect its interests in two gas turbine generator packages that it classes as its major assets.
Rurelec shares were up 26% to 1.65 pence per share on Friday afternoon.
Ethosenergy supplied two Siemens-Westinghouse TG50D5/W701DS 127.8 megawatt gas turbine generator packages to former London-listed IPSA Group PLC, which then subsequently agreed to sell them to Rurelec in a deal to be paid mostly via deferred consideration.
Following a turbulent period, IPSA then became reliant on its creditors - namely Ethosenergy - as well as the deferred consideration being paid by Rurelec. In September, IPSA formally exited the AIM market after its shares were cancelled.
On Friday, Rurelec said its joint venture operations in Argentina have made loan and interest repayments to the business "in line with its budget expectations and ahead of the previous year when considering a rolling 12 month period."
As a result, Rurelec was able to strike a deal with Ethosenergy, whereby the debt that is owed to Ethosenergy by IPSA will be assigned to Rurelec.
If Rurelec did not take on the debt, then the company said Ethos could have taken action against IPSA, potentially impacting Rurelec's interest in the two turbine packages.
The payments to Ethos will reduce Rurelec's third party debt by reducing the sums payable by Rurelec to IPSA under certain agreements, and the sums payable by IPSA to Ethos.
By Joshua Warner; [email protected]enews.com; @JoshAlliance|
|Have you got caught on your own spike again temmujin|
|This really is good news though.|
|924 million SHARES in issue......BUT only 660 thousand traded.Less than 0.07% of shares traded on that damp news.Lol|
|How much was it for???There is no mention.It's only you buying isn't it tummujin-pillow multialias.The trades only add up to a few K|
|hello ,hello...anyone awake you dingbats!|
|Yes so awesome that they dont even tell you how much they receive Some fools will buy this and then pump it.|
|Nice one Toon, I will see what I can come up with on this one.
Aex, have gas, and are laying a completion liner, but should find out more soon.
|Volume breakaway on the chart plus pending golden cross.
Any positive news may provide an excellent catalyst imo.|
|dodgydd: I can see this probably getting a bid although people talk of big numbers I think something around 5 to 7p mark would be enough, its been wounded by the Stat demand and great that its been withdrawn being in the finance business it always has an impact if you are trying to borrow again. The easiest solution merger/takeover etc.
Yes I have got a reasonable portfolio but I must say I have been selling quite a few in last few weeks some big rises and taking profit off the table so to speak must not fall in love with a bloody share and always looking for the next big one:) this RUR is a smallish company not many traded and to even get 500k it took the broker most of the day to get them so nothing more than a bit of a punt on RUR, I have some not lots though of AEX but I have mainly ignored them not very exciting last few years in fact forgot about them till I saw your post must have a read up on them|
|I was aware of that Westy, a bit of tongue & cheek. Sorry. Where do you see this going, it's been off my radar. Look at AEX drill looking good from a lad in the drill crew. I but delayed though.|
|Thought we had heard the last of the ghastly PE.|
|31 JAN 2017
Assurances given to PE ? Time for Rurelec to update market ?|
|Why ? -- he now owns Ned Kelly -- the rest will just fall into place given time
|Really toon, what are you not in lol. You need to buy more EME ha ha.|
|got 500k today stat demand withdrawn is big news allows this to move up.|
|Good rise today, but I need 16p to break even not 1.6p ha ha. Well done anybody who's making a profit.|
|...this has to be good news on some level. Peter E. must have been given strong reassurances that we would be in a position to pay - and soon.
Let's see what happens next...? Fingers crossed that we may have crossed a line on the way back!|
("Rurelec" or the "Company")
Withdrawal of Statutory Demands
Further to the RNS dated 19 January 2017, the Statutory Demands from IPSA Group PLC and the Independent Power Corporation PLC have been withdrawn.
For further information please contact:|