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Rurelec Share Discussion Threads
Showing 3201 to 3223 of 3225 messages
|I think most power at the moment lays with the Admin peeps of Sterling, our biggest shareholder.
Thanksfully it's the Admin peeps for a shareholder and not creditor, which means whatever decisions they enforce will be reasonable for us too. Though obviously they are working on a much tighter timeframe for whatever result. Hence their forced appointment recently of Mr Coveney as part time FD to our BOD.
Hopefully he has seen a way through to generating cash flow quickly.....
It's all very frustrating given the NAV of the bizz. All real value, not some theoretical virtual world wiew, or some future fantasy profits view. Power generation - not something going out of fashion very soon, and we're in the renewable too!|
|Perhaps the RNS yesterday is a precursor to an administration and a pre-pack|
|There should be focus on the £40m prize, no surprise to see wild cards in play
perhaps the RNS today is a precursor to an IPSA offer and PE to regain control|
|The end is not nigh.
And the above, apparently courtesy of Leicesterboy, is not quite accurate. See link below.
|Courtesy of Leicesterboy, LSE thread 19Jan2017:
Statutory DemandsToday 08:51
If not settled with in 14 days, or by a defence put in, or set aside, it could result in a Winding up order, its usually a scare tactic, some can be set aside very easily as the demand has to be correct in all aspects, in most cases very difficult to get a result, IPSA are still owed £1.3 for the Turbines in the balance sheet at £16.195 million, not quite sure why they have not been sold unless the Chile project is nearly "there" Not quite sure why we owe Independent Power Corporation as we gave the "thing" to Peter Earl for £1 ! Our Net assets are over 7 pence and we stand at .90 of a Penny ! Peter Earl is up to something
|I see Peter Earl is knocking at the door from IPC and IPSA.
Wonder what the game plan is for PE, assets on the cheap ?
Time for rurelec to realise all assets and hand money back to shareholders
Artificial 0.7-0.9p market price (£4m mcap)|
|I think there could be a positive from today's RNS: "...The Board of Rurelec is in discussions with both parties to have the Statutory Demands set aside."
They may be in a position to tell Mr Earl and his friends that RUR may be in a position to pay very soon.|
|averaged down...daft not to|
|someone sold a million or was it mates rates?|
50% owned by rurelec
From last interims ending June 2016,
In Argentina our 50% owned operating entity, Energia del Sur S.A., and its parent company, Patagonia Energy Limited, have outstanding borrowings and interest before impairments of £37.5m due to the Group. The company is operating well at the local level however it has been subject to increases in its working capital requirements which restricted its ability to make repayments of outstanding loans to the UK. Within the last month the working capital requirements in Argentina have begun to ease. The Board is also expecting to appoint a consultant in the near future to help improve our dealings with the Argentine operation.
|Yes. You might have expected a release at a more obvious time for it to be noted as it is no doubt a positive development.|
|Just spotted the end of day announcement from friday 28th October 2016
Indicates they have a financial backer pending asset sales.
Reminder from interims ending June 2016 :
Net asset value per share 7.2 pence
Current price 1.40p|
|just re entered..long and hard|
|Can anyone explain RUR to me does the sterling stake exist
if so who controls it
who else has an interest
will Morris just convert everything into 99% of the equity|
Here is a key reminder on that matter :
10 June 2013
|Why would RUR bother paying money to IPSA/? Do you think IPSA would sue RUR if they didn't?|
|There are some complex shareholder structures to resolve, esp re Sterling|
|Ok -thanks. Will check it out.|
|meijiman, it's related to the history behind Peter Earl ex-CEO Rurelec,
now at the helm of IPSA (the quotes in #319 are from IPSA rns).|
|Don't understand your last two posts. Does this refer to an earlier RNS?|
|2 weeks to go to see if Peter is in the game
Net Asset Value per share 6.8p|
If there is any tie with IPSA recall "Furthermore it would need, under the terms of AIM Rule 15, to conclude a reverse takeover by 29 August 2016 to avoid its shares being suspended at that point if its shares had resumed trading prior to this date."
Given IPSA is not yet trading then recall "15 September 2016 for the Company to retain its AIM quotation"|