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"bottomed?"
Doubtful, considering prior RNS.
About time too
bottomed?
As set out in the Trading Updates, unless and until the Argentinean Government resolves the problems and challenges caused by the changes to the spot energy tariffs for electricity the Company will continue to face significant working capital pressures. The Directors continue to explore potential funding opportunities including the sale of its other assets, and in particular, the Frame 6B turbine in Chile and the 701 turbines situated in Italy.
As Gordon let us know , The BoD continually disappoint and the downspin continues.
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Because he tried to pump this up like he does with all his other shares and you guys fell for it and bought in!
This a pile of rubbish and will hit 0.3 in the next month
On the £19.1 million valuation .
Shame the Market does not agree with Morris & Co .
Time for a White Knight in Earl`s clothing perhaps .
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Loaned , but the company loaned to can not pay as tariffs are not in place for the generation company to make profit and hence can not pay RUR.
Also RUR own part of the company as well.
At present it may result in the generation company to stop operations
'The current cash position as at 21 June 2021 is £289k.'
Where is the other 22m?
As usual Morris & Co lead us to despair .
Bring back Peter .
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As an amateur with a small holding here.. At a quick glance, thats both vague and not looking great, at all!.... Anyone fancy giving me a pep talk :)
good times ahead .
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If the Argentinian equation can be rounded .
There may be good value here.
P.Earl Appeal Fund .
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How about just plain - WRONG
THERE isn’t £20m lurking down the back of the Rurelec sofa and there never has been !
No doubt inJuly we will find out how much / or how little cash is left for the AGM !
Perhaps he has realised his figures were erratic & perhaps mildly optimistic .
Will Morris & Co follow suit ?
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Riddler been very quiet…
Would be nice IF the $225,000 per quarter continued to fund Morris & Co`s Inactivity .
Despite their threatening to sell the turbines that languish incognito .
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We build and run power plants for governments, large corporations and independent power producers. The electricity produced in our plants is sold to third parties, such as industrial companies which use the electricity themselves, or wholesalers and distributors who take responsibility for collecting payment from retail customers or counterparties.
Our fully owned subsidiary, Independent Power Operations Limited (IPOL), provides a complete operations and maintenance service for generation and distribution assets, acting as technical operator for power plants worldwide.
Independent Power Corporation PLC (IPC) has owned, operated or developed over 10,000 MW of thermal and hydropower generation facilities in Latin America, North America, South Africa, Asia and Europe.
As Peter`s baby . It is a shame he has not yet deemed to take us back in hand .
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The value and make up of the loan will be of great Importance to shareholders .
A turning point is about to be upon us .
One hopes It`s not oodles of shares issued .
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Very considered response to disappointing company news, of which, as a long term investor, I could fully support.
Having become loan free last year, excluding a fire sale of non-productive hardware, unfortunately it now seems likely they will be inclined to take another 'close' loan to cover execs salaries and other day to day expenses. One might propose that directors 'salaries' be suspended in the short term to allow for the covid situation. (Or cut retrospectively, in line with similar actions taken by other organisations implimented a year ago.) Not as a penalty but as a fair contribution (burden sharing), the exec. acting for the largest shareholder blocking any equity raise also seemingly commanding the largest remuneration draw.
Disappointing and yet not entirely unexpected.
Morris & Co are Master at dragging their heels .
Where is Flash Gordon when you need him ?
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May be with us any year soon.
Thanks to Morris & Co .
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Just need a few more lambs and Presto .
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241,184
Trading and no news .
Come on Morris & Co let`s get them assets sold .
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