Rurelec Share Discussion Threads

[golden prospect] 11/4/2021 22:05

NT68. Judging by the latest news at eds there is a huge risk of closure.

See article 2nd March 2021


See article 3rd March 2021


Market last update was November 2020.

Update overdue especially given EdS issue.

[novicetrade68] 29/3/2021 15:34

Noticed that Echo Energy recently renegotiated a new gas contract in Argentina above market rates, so with some luck Rurelec/EdS fare similarly as it is almost equally remote and a source of important if not critical power supply.

[glavey] 01/2/2021 07:23

What will they be written down to this time around? The exchange rate movements will be negative. Besides, they aren't worth anything to shareholders in storage, they are just a cash drain.

AIUI: Local spot price must lead to lower revenue, lower operating efficiency and higher costs. Fluctuation must mean revenue is unpredictable, so a need to hang on to cash to cover rainy days going forward. That is surely why the company warned.

[novicetrade68] 29/1/2021 15:23

Got this from LSE

"value of the 701 Siemens turbines going into the project has been assessed at US $9.4 million (2018:US $12.0 million). The Directors also obtained an independent valuation produced by a competent .... after exchange rate movements these assets are duly recorded at a value of £7.7 million (2018: £10.0 million).

[novicetrade68] 29/1/2021 13:36

I'm not sure, they are still getting spot prices for their electricity in lieu of a new agreement. These (local) spot prices can fluctuate quite a bit. MCAP still only 5m-6m or so, and only in the accounts from last year the turbines for sale have been assigned a value for the first time. Hopefully we'll get to hear something soon.

[glavey] 29/1/2021 13:24

I'd suggest plenty of downside as limited cash and it's quite likely no money forthcoming from Arg at this time and the company warned.

[novicetrade68] 29/1/2021 13:14

let's certainly hope so, the turbines have a value of $7.5m and there is $28m of monies due, both are not without risk but at least shouldn't be too much downside from 1p I would imagine, as their admin is pretty much covered by the retention of monies from Argentina - despite the fact there is a risk of currency exchange losses.

[johncasey] 28/1/2021 05:16

could be an easy 3 bagger then

[johncasey] 28/1/2021 05:08

breakout alert triggered

[glavey] 28/1/2021 04:56

Volume small compared to last pump and dump. Will people be fooled twice?

[johncasey] 28/1/2021 04:39

volume suggests otherwise

[glavey] 28/1/2021 04:23

If there's no news then it's not overdue, so more likely misguided speculation.

[novicetrade68] 27/1/2021 15:19

Perhaps an (overdue) update coming regarding Argentina, good to see some positive action today.

[glavey] 15/1/2021 02:26

Oh look, a purile promotion attempt. FT my hat!

[purple11] 14/1/2021 12:11

noticed the financial times release which said these could be 20p by year end

what are the price drivers that could make this happen pls?

i know about the loan

[golden prospect] 03/12/2020 10:51

I wonder what the directors do all day to earn such fees for such a small company

See Page 39

[glavey] 03/11/2020 16:12

Oh yes novice, that's what you do it you are a £7m market cap company, tell a nation to stuff themselves. Always works that one.

[justtrying1] 03/11/2020 09:52

They claimed alot of things then ran away these pumpers no where to be seen today

[novicetrade68] 03/11/2020 07:58

908k cash is around a fifth of their mcap and the highest it has been for a long time.

Seems to me a little bit that EdS and Rurelecs advisers are telling the Argentineans to stuff themselves and get them to pay market rates given the state of available energy supply in the country...hopefully a new tariff in place soon.

[jayminpatel1] 30/10/2020 15:28

Isn't running anywhere u clown

[novicetrade68] 23/10/2020 17:14

RNS Number : 9849C

Rurelec PLC

23 October 2020

23 October 2020

Rurelec PLC

("Rurelec" or the "Company")

Partial Debt Repayment

Further to the announcement of 14 September 2020 (the "Announcement"), the Directors of Rurelec PLC (AIM: RUR) note that Rurelec have received a further US $224,000 by way of partial repayment by Patagonia Energy Limited ("PEL") of the Amended and Restated Loan Notes.

The total balance outstanding on the loan notes is approximately US $20.162 million (split US $14.593 million Rurelec : US $5.569 Basic Energy Limited ("Basic") with the first US $1.29 million of the US $20.162m to be shared 80/20 between Rurelec and Basic Energy Limited, the ultimate shareholders of PEL, and then the balance paid 72:28 thereafter (Rurelec: Basic ). .

There can be no guarantee as to when any further loan repayments will be made. Further updates will be provided in due course.

For further information please contact:

[jusjusjus] 09/10/2020 14:16

another 1m buy today!