Rurelec Share Discussion Threads

[gerhart] 17/12/2015 20:47

Last weekend I emailed the two guys who are dealing with the Sterling Admin' stuff. Basically asked could they supply any info on the plans they have for Sterling's RUR shares. Still no rsponse. No idea why....either they are unable or /unwilling to say - or maybe just haven't got around to reading email!

I think it would be unfair to put the full details up here. But their names are on the RNS from 20 October. A little bit of lovely serach engine work will do the rest if you are interested in emailing too if you think worth it.

[jeddicat] 16/12/2015 11:25

Gerhardt-

Or just maybe a few writs have arrived, or he''s heard they maybe on the way,
just how could he go for an Open Offer without our Solicitors obtaining a legal document of support from the major shareholder, and who is going to pay for the Open Offer COSTS? Surely Matt''s ex-employers would have been approached by the Administrators?

Regards

[mortimer7] 14/12/2015 11:52

Bye then, thanks for all your help you've been a right laugh!

[abcd1234] 14/12/2015 11:41

off only 5% ?? on that rns...

[cheshire2] 09/12/2015 15:35

I have still been buying to average down but will still need a price of 5p at this stage to break even.

[gerhart] 09/12/2015 15:03

It's worth saying here to anyone watching on at the share price rise over last few days, that most of the long-term shares bought were at a MUCH higher share price Those peeps - including me - won't be selling anytime soon!

For example the former directors (evicted in the “coup”) dug deep to buy before the disappointing arbitration award – some at about 14p!! Take something off that price for the disappointing arbitration award.

But this is still a solid company with good solid saleable assets. (still no where near reflected in current valuation)

Also to be fair, there were recent cash flow problems, mostly beyond Company's control. But most if not all that will be resolved very soon.

[bismilallah1] 09/12/2015 06:34

Would not like to be out of this very big upside indicated

[cheshire2] 08/12/2015 14:58

I suppose if someone bought early yesterday at .75 or .8 and sold today 1.12 ish they would make a nice little profit. Lots of shareholders are not in it for the long term these days.

[gerhart] 08/12/2015 14:24

Funny to see people "selling". They must either be closing some trades, or simply don't realise the value they are sitting on here, or how it could be reflected in the share price very soon.

[gerhart] 08/12/2015 12:38

So wish I had the spare cash to buy more at these levels. Some peeps are going to buy into a very quick multi-bagger here, but don't yet realise it.

Another place discusses RUR and details much more.

[torbie] 30/11/2015 15:35

No surprise in that

[cheshire2] 30/11/2015 13:59

RNS Number : 3947H

Rurelec PLC

30 November 2015

30 November 2015

Rurelec PLC

("Rurelec" or the "Company")

Result of General Meeting

Rurelec, the AIM quoted independent power plant developer with operations in South America, held its General Meeting at 12 noon today and announces that all resolutions put forward were voted down by shareholders.

As a result, the open offer proposed by the Company on 13 December 2015 ("Open Offer") will not be taking place. Shareholders should ignore all instructions in the Open Offer circular regarding completion of application forms and should not send any funds to Capita Asset Services. Any funds that have already been sent to Capita Asset Services in connection with the Open Offer will be refunded in accordance with the terms of the Open Offer.

As stated in the Open Offer circular, the Directors continue to attempt to source further financing for the Company. A further announcement will be made in due course.

[torbie] 25/11/2015 07:49

Unless the price goes up I cannot see it happening

[glavey] 25/11/2015 00:54

Anyone any ideas how they might get this raising away?

[torbie] 23/11/2015 16:08

Thanks tell it as it is I cannot see this o/o being a success but time will tell

[tell it as it is] 23/11/2015 15:01

Quite simple. If you invest in the market you risk losing everything. If you take up the offer you only get to invest if they raise enough and the company has enough cash. So the pricing differential is rational.

[torbie] 22/11/2015 23:51

Who will take up this open offer at 1p a share when you can buy at 20% cheaper can anyone explain am I missing something

[slider27] 22/11/2015 18:58

Just looking at RUR but i am sure that i am missing something and hope someone can help
Rur struggling with short term cash so making an OO of 1 p a share to raise ca 3,5 mil and in the process diluting existing share holders by 38 %

They have 2 turbines sitting doing nothing in Chile worth 16 mil at cost value
Why dont they sell 1 or both and get 16 mil cash in the bank ?
any insight would be appreciated

[bisiboy] 14/11/2015 16:17

posing a question.

at the time of arbitration case it appeared as no brainer to be hugely undervalued
relative to assets.
it appeard that bolvian government were wrong and all advice given was that compensatiion would be awarded.why on the basis of this did the share price remain so low its as if certain people new things were not as clear cut.

did the directors mislead shareholders?
were advisers to blame?
did the lawyers act as matchmaker with the funder?
were the directors mad aware of the likelyhood of a less than favourable outcome
if so did they have an obligation to be lesss bullish in the rns announcements.

[cheshire2] 13/11/2015 13:12

I am allready sitting on a loss and have no intention of throwing good money after bad. As mortimer7 states if they cannot get the share price above 1p and keep it there then any hope the company has of new shares is dead in the water and i have e-mailed the company that !!!

[mortimer7] 13/11/2015 09:41

Indeed, terrible mess. share price now below 1p, so what chance of this offer being taken up?