Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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contract extension with state owned electricity co..... they may have done some due diligence!!!
they were waiting for this to increase the capacity revenues should triple or more 3.2 mill gbp still awaited once they upgrade to 4.2MW, revenue should be around £10m oer year.............its currently £1.5m per 6 months. The big costs covered and additional costs should be minimal and turn IPSA profitable plus they got an asset for sale at £4m Capped at £2m
should start to move now, this is big news! let it get digested, and we should move up quite quickly! GLA
spring is springing here. With such a low volume share, the price can spring too on very little buying, so will be interesting to see what happens if anyone fancies a nice little new ISA punt on the back of this morning's RNS and the imminent RUR payment.
ryan83 7 Apr'15 - 11:22 - 701 of 701 1 0 extension of SA government contract....nice. from the interims we know electric sales for 6 months to 30 Sept = £1.5m. From todays RNS we also know they are going ahead with expansion, adding upto 3MW ontop of 1.2MW currently. With a market cap of around £2m the company are in recovery and could do well from here.
IPSA good news has signed an extension of its MTPPP power purchase agreement with Eskom, South Africa's state electricity company.
IPSA Group PLC Extension to power purchase agreement Print Alert TIDMIPSA RNS Number : 4796J IPSA Group PLC 07 April 2015 IPSA Group PLC ("IPSA" or the "Company") Extension to power purchase agreement IPSA, the AIM and Altx dual listed independent power plant developer with operations in southern Africa, today announces that its subsidiary Newcastle Cogeneration Pty. Limited ("NewCogen") has signed an extension of its MTPPP power purchase agreement with Eskom, South Africa's state electricity company. The extension, which is for an initial period of one year but which may be further extended for two subsequent periods of two years each providing that Eskom receives the necessary regulatory approvals. Commenting today, Peter Earl, Acting CEO of IPSA, said: "We are pleased that the PPA extension has been signed and the plant is able continue in operation. With this behind us, we plan to resume our expansion programme." For further information contact:
yep delay so could be any time..... at least the CEO here did not give a date for the payment....
Frustrating.com!!!! But am sure it's coming soon!
we now could get the money any time.....
1 April 2015 Rurelec PLC ("Rurelec" or "the Company") Further re: Sale of Canchayllo Hydroelectric Plant Further to the announcement of 2 March 2015, the Company has yet to receive the US $6.6 million net proceeds of the contracted sale of a controlling equity stake in Rurelec's Canchayllo hydroelectric plant in Peru. The funds are due, and are expected shortly, but have been subject to administrative delays in the release of funds. Accordingly, the Radix loan of £550,000 has yet to be repaid and the Directors are grateful to Radix for their patience in the matter. A further announcement will be made in due course.
I posted on the RUR board :-P But yeah... we could still get a confirmation later this week claiming the payment was received.
Payment supposedly going to be today yet hardly any buys, no sp movement, no posts on this board, No RNS. What's going on?
no one in their right mind could argue a 3.2 mill gbp cash payment is a bad thing or they current price is stupidly cheap..... lets see if we get news on the other kit for sale (4 mill gbps worth) once the cash has been received....
id fully expect them to pay down Turbocare.... that would be great news... balance sheet will look a lot better with a chunk of debt removed.... nav is over 7p too
Just keep in mind that as soon as the £3.2m from RUR come in £2.2m are going straight out to Turbocare... and then the board might also want to give themselves some of the monies they are due in salaries and bonuses (though as a shareholder I hope they wait till we are profitable again before they pay themselves). Regardless, I'm hoping the payment puts us trading above 2p...
IPSA/RUR news due in the next 48 hours The combined loans are now GBP550,000 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.
that sounds pretty rational hard to believe IPSA could have the cash in the bank by Tuesday next week.... the market is down on a sell today..... still cant buy that many (few 100k max)
Trying to get a sense of the fundamentals here. In the short-term we are due £7.2m: £3.2m from RUR (this should be very soon) £4m (from plant sale - but who knows how long this will take?!?) We then owe £5.4m: £1.2m in salaries and bonuses (I kind of like this... because you know they will work their asses off for it!) £4.2m Turbocare Settlement (of which about £2.2m needs to be paid immediately from the RUR money and £1.9m to be paid by end of September) So the immediate future seems pretty clear... now we seem to have another £1m or so of debt, but this is not due imminently and seems well managed. It appears we do also have some cash in the bank from the energy we are selling (probably about £4m?) but overall we are haemorrhaging about £2m a year mostly due operating at a loss, admin expenses (all those settlements can't be cheap!) and the GBP/ZAR exchange rate is adding salt to the wound. If all the money we are due comes in quick we will be in a great position, I like the look of the Board - they seem to know what they are doing and are key to return to profit ASAP (they're not even paying themselves). So really we just need to get that RUR money and sell the £4m plant and I don't see why our market cap can't be £10m (given the assets we have and we are looking to be profitable again). This is my initial thoughts... so would appreciate opinions and scrutiny from others.
its been 150kl ,max at 2p to buy all day.. so that 1 mill is in the price imho ie a delayed report of a buy or sell....
that does look strange... do you see at what time it got filled?
for that 1 mill i think its a filled sell order.... if you look at the trades there were maybe a 100k of buys yesterday with only sells on Monday and before so it does look odd and for that size a v good price....
just noticed RUR is up a bit today aswell- both bid and ask increased
interesting trade at 15:58. May not be a sell. Something is definitely happening. Maybe news tomorrow?
...and another 25k. nibbling away, but hopefully this is just the starters. Indeed 3.2mil is 1.5 times our market cap!