Member Info for bbr391

Despite yesterday`s storm .
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Cash is at a standstill .
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422,882 @ 0.52

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Rurelec receives partial loan repayment; warns of uncertainty getting the rest
By BFN News | 07:36 AM | Friday 06 March, 2020
Factsheet Rurelec PLC Ord 2P (RUR)

Power generation group Rurelec said it had received a further $1.44m from the partial repayment by Patagonia Energy of a loan note, though it warned there was no guarantee on when it would be repaid the full amount outstanding. The balance outstanding was about $21.27m and the total amount owing to Rurelec was now $15.48m. The company said the timing of future payments was not certain, because they were dependent on three factors. These included the potential future cash generation ability of Energia del Sur, which operated an Argentina power project, the duration of exchange controls and delays being experienced by electricity generators in Argentina in receiving payments of revenue. 'Accordingly, there can be no guarantee as to when any further loan repayments will be made,' Rurelec said. The company also noted increased foreign exchange risk in Argentinia and that a power purchase agreement there was expiring on 9 September. Story provided by StockMarketWire.com

As usual Coveney & Morris allow mixed signals to pervade .
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Maybe this means we`ll have £4 million in the Bank by next year .
Pukka

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Heading under 1p .
We hope not .
The wait for the turnaround continues.
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Perhaps the start of Jam tomorrow .
Shame Morris & Coveney are so downbeat on receiving cash .
Come on Guys sell those turbines , which may well be going up towards antique value by now.
Flash Gordon , where are they now?
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remain .

Auto-correct .

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Fairly unrealistic in fact .
But , the study of the respiratory system and It`s management may have some Interlinks .
One never knows for certain , until one has tried . What will bring forward the ultimate vaccine .
My Inklings remian with Innovio .
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Still in 2nd gear .
A pass of 31p and straight into fifth .
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BPAC is incorporated in the BVI and is wholly owned by Ballaugh Holdings Limited, which is in liquidation. Simon Morris, an Executive Director of Rurelec, is a director of Bridge Properties (Arena Central) Limited.

Now what to with that cash ?
A Morris Minor perhaps?
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An announcement on partnering or using acumapimod , re covid , could change things .
Up a gear or two .
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Back Into 2nd gear .

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Thankyou Broomfielder ,
Perhaps Gordon should recommend this Idea at the next meeting . At least that would be a sign of some progress towards realisation of assets .
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Good news coming closer.
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Thor have made losing money a fine business .
Molyhill is our one hope .
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The key provisions of the UA are:

· Formal monthly obligations on EdS to review cashflow and to remit all permissible surplus cash to PEL and in turn on PEL to remit such funds to Rurelec and Basic in accordance with a "waterfall" arrangement of the UA as follows:

o The first US $5.0 million of debt repayments by PEL will be split in the ratio 80:20 (Rurelec:Basic); and The next US $18.9 million of debt repayments by PEL will be split in the ratio 72:28 (Rurelec:Basic).

Wouldn`t It be nice if Our BOD gave us monthly updates .
Something to consider for putting forward at the AGM .
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Discussions are good.

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One assumes that Coronavirus will not affect Rurelec & It`s BoD .
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Or can they ?

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