Rurelec Share Chat (RUR)

slowly rise towards news imo to the low 20's. Buy and hold

How long before the Bolivians dip their hands in their pockets though ?

U reckon this may drift until then?

So it will probably be June at the earliest before we get the final judgement on the claim?

I sold out here a while ago, but got back in at 10p just before the hearing.

To confirm what I think has already been said, from Procedural Order 19:
the Parties shall submit both their posthearing briefs (of a maximum of 60 pages in length and in accordance with the Tribunal’s instructions) and statements of costs by 24 May 2013.
It should have been one month, Bolivia wanted 2 months, compromise made at 45 days

I haven't listened to the hearings yet, but from what I can hear in the sixth one, it seems that Rurelec argues that Bolivia's costings were opaque and that they were not done with great professionalism. There's a lot of reference to other arbitration cases when discussing the rights and, understandably I guess, all submitted information has been checked and double-checked. It was a lot of work and I can now see why the whole process takes such a long time.

Bolivia feel that Rurelec are using a defamation strategy (!) - eg, by accusing Bolivia of intimidation and saying that the VP of Bolivia had threatened witnesses. Bolivia denies this and says there is no foundation for the claim. THere was also some kind of dispute about how many claims were being argued in this one hearing and whether it was right for all these claims to be decided in just one hearing (danger bells ringing here about whether Bolivia will end up disputing the validity of the procedure as a whole).

Anyway, can't guarantee accuracy because I've just skimmed through and some of it is quite detailed, but there's a little bit of the flavour!

Perhaps , some one has actually listened to the hearings after all .Seems my six weeks was a pretty good guess.

gla @ The Rure T20

Interesting last 2 trades.
Buys IMO.
GLA

Wouldn't worry about a few sells every shares will have a few that decide to take a bit of profit. At the close 45% buys 24% sells and 31% unknown, the buys have it and up we went, get used to this for a few days.

Amazed at the sells, this has a long way to go yet IMO, some punters just making a quick buck? If they held they could make a lot more lol

You have done well with your two buys. I have managed to buy a few more shares today and I shall buy a few more on Monday. It must be remembered that RUR is a well run company with a great footprint in South America. The compensation, whatever it might be, will be the icing on the cake.