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Buyers back. Clever folk getting in for the multibag news which is definitely coming now. read the RNS. Well done all. Tiny market cap in comparison to payment coming lol
1.85 and that should set us off nicely. Either way when that confirmation comes in, which could be anytime we will only be going one way :)
Buys flying back in now.
Not going to go ballistic but that RNS should ensure a decent rise... Payment received RNS next!!!
IPSA Group PLC Update re settlement of funds owed by Rurelec PLC RNS Number : 2234G IPSA Group PLC 02 March 2015 IPSA Group PLC ("IPSA" or the "Company") Update re settlement of funds owed by Rurelec PLC IPSA notes the announcement made this morning by Rurelec PLC regarding the sale of its stake in the Canchayllo hydroelectric plant in Peru. The Company expects to receive payment from Rurelec of the £3.2 million deferred consideration still owed to IPSA from the sale of the Westinghouse Siemens gas turbines, shortly after Rurelec receives payment of the $6.5 million consideration for the Canchayllo hydroelectric plant. A further announcement will be made in due course.
And you forget it's only 0920. Either way whatever happens today, this is a short term gem
IPSA Group PLC Update re settlement of funds owed by Rurelec PLC Print Alert TIDMIPSA RNS Number : 2234G IPSA Group PLC 02 March 2015 IPSA Group PLC ("IPSA" or the "Company") Update re settlement of funds owed by Rurelec PLC IPSA notes the announcement made this morning by Rurelec PLC regarding the sale of its stake in the Canchayllo hydroelectric plant in Peru. The Company expects to receive payment from Rurelec of the GBP3.2 million deferred consideration still owed to IPSA from the sale of the Westinghouse Siemens gas turbines, shortly after Rurelec receives payment of the $6.5 million consideration for the Canchayllo hydroelectric plant. A further announcement will be made in due course. For further information contact:
Still up, false spread, no major sell off. All good :)
people selling now? RNS from IPSA confirming payment is imminent! In addition, don't forget about confirmation of contract extension in South Africa due end of this month at the latest! maybe March will be a good month for IPSA, GLA
and an rns.... in the meantime the commitment to pay this month by RUR makes IPSA look incredibly cheap here... remember this fell on Bank of NY dumping 4% of the company causing the shares to crash from 3.25 to 1.6.....and clearly not based on any new flow
On ppls radar
Or be sensible and get in now while under the radar!
£3.05 million incoming, mcap just over 1m - get in The Directors of Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, are pleased to announce that the Company has entered into short term loan agreements with Radix Investment UK Limited ("the Radix facility" or "the facility") in an amount of £3.05 million. This facility, which has been partly drawn today with the balance to be drawn in January, permits Rurelec to make final payment to IPSA Group PLC under the June 2013 contract to acquire two Westinghouse Siemens 701DU gas turbines for its Illapa generation project in Chile.
...is the IPSA RNS that the money is in the bank!!!!!
The balance of the purchase price owed by Rurelec PLC in respect of the turbine sale in 2013, amounting to £3.2m, is expected to be paid in the first half of 2015. We continue to hold further balance of plant, valued at £4 million, which we expect to sell in due course. The Directors of Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, are pleased to announce that, following the successful conclusion of a number of partnership deals, the Company has been able to reduce the size and improve the terms of its short term loan agreements with Radix Investment UK Limited ("the Radix Facility" or "the Facility"). The combined loans are now £550,000 and will be repaid on 31 March 2015 from the proceeds of the contracted sale of a controlling equity stake in Rurelec's Canchayllo hydroelectric plant in Peru. Rurelec is due to receive net proceeds of US $6.5 million from this sale during the course of March. As part of the reduction in the size of the facility, Rurelec has agreed with Radix not to issue the 16.8 million warrants to subscribe for new Ordinary shares in Rurelec at an exercise price of 7.3 pence per share previously announced on 24 December 2014. Rurelec will now be making the previously announced payment to IPSA Group PLC from the proceeds of US $6.5 million.
A steady rise all day today is much better for my heart than the spikes I am used to ;)
The Directors of Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, are pleased to announce that, following the successful conclusion of a number of partnership deals, the Company has been able to reduce the size and improve the terms of its short term loan agreements with Radix Investment UK Limited ("the Radix Facility" or "the Facility"). The combined loans are now £550,000 and will be repaid on 31 March 2015 from the proceeds of the contracted sale of a controlling equity stake in Rurelec's Canchayllo hydroelectric plant in Peru. Rurelec is due to receive net proceeds of US $6.5 million from this sale during the course of March. As part of the reduction in the size of the facility, Rurelec has agreed with Radix not to issue the 16.8 million warrants to subscribe for new Ordinary shares in Rurelec at an exercise price of 7.3 pence per share previously announced on 24 December 2014. Rurelec will now be making the previously announced payment to IPSA Group PLC from the proceeds of US $6.5 million.
The RNS you are looking for is the one that Ruralec have released this morning! It mentions payment to IPSA and this I think is more than the current market cap!!!! Get in i see 100% today
Moving :) http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RUR&ArticleCode=21c2yb27&ArticleHeadline=Trading_Update_on_Peru_Chile_and_Argentina Will cut and paste relevant bits
As this steadily rises up leaderboard, others will try and find an RNS without luck lol.
What's the free float here? Seems they are struggling for shares