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Yesterday afternoon AIM-listed, cash-crisis-hit Rurelec (RUR) announced that storm damage had hit its 50%-owned outfit in Argentina, Energia del Sur, resulting in a fire in a power switch which looks to have knocked out its 136 MW CCGT power plant in Southern Patagonia. But the storm was on 31 March: why did it take until 12 April to ‘fess up? Worse, although the company says that repair work should take about 30 days a shortage of parts may mean that the plant is out of action for 60 days – or more. The company says that Energia del Sur has “business interruption insurance” in place, so perhaps the flow of cash back to the parent (something which has been rather “lumpy” in the past) may be safe, although it is hard to imagine that won’t at least be delayed until insurance claims have been approved and processed. The company says that at this stage the Directors cannot be certain of the effect, if any, that the power outage will have on Rurelec. I guess not, but I also guess that if there was likely to be no effect the company would have said so. Rurelec’s financial position has been on a knife-edge for months and months as the new board has fought valiantly to keep the ship afloat in the face of queues of creditors and precious little in the way of cash, repeatedly reminding us that the company was reliant on the forbearance of its creditors – the hope being that eventual asset sales would pay down the debt (and a raft of keep-the-lights-on short term loans) and leave the company with a future. The asset sales have been slow to arrive – as has the cash: the company finally sold its Canchayllo plant but a $1 million deferred consideration seems to be still outstanding. Meanwhile, the company is owed stacks of cash from its 50%-owned Argentinian venture. Political issues made the flow of cash out of the country difficult before a new regime saw matters improve – except that the flow of cash was still well below what had originally been expected. The company says it will make a further announcement as necessary – one presumes that Nomad WH Ireland will be keen to ensure that this is issued in a rather more timely fashion than sitting on bad news for some 12 days. After all, we wouldn’t want to have people buying the stock in the market unaware of news which would move the share price down by some 15.4% once released, now would we? That would be the sort of thing that brought shame on the AIM Casino…..if anyone at Paternoster Square gave a monkey’s.

Spin-out of Independent Power Corporation from Rurelec PLC The Directors of Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, announce the spin-out of Independent Power Corporation PLC ("IPC") from the Company. The separation of power plant development from the core Rurelec business of owning and operating of power plants in Latin America is being effected through the sale to Peter Earl, Rurelec's former CEO, of all of the issued share capital in IPC for a nominal sum once all the principal assets of IPC have been transferred to Rurelec. The net effect of the spin-out is to reduce overhead at Rurelec by more than £500,000 per annum. This has the additional benefit of allowing Rurelec to work with other developers and operators of power plants whilst also reducing fixed costs. Therefore we spun out $250 million for half a million pounds . Didn`t Peter do well . Not so Impressive by Mr Morris. And May

http://indpow.co.uk/index.php And May

11 April 2017 – Independent Power Corporation PLC (IPC) is proud to announce the establishment of a new power development company, QG Power Africa (QGPA). This joint venture, with engineering consultancy Tomé International and the US$250 million Quantum Global Mezzanine Fund, has been set up to develop power plants across countries in the sub-Saharan Africa region. It will focus, during its initial phase, on Angola, Botswana, Mozambique, Uganda, Nigeria, Kenya and Ghana. QGPA will expand its development capabilities to meet Africa’s fast growing demand for power. IPC is looking forward to develop power assets with the support of Tomé as project managers and Quantum Global as strategic investors. Milko Skoro, Managing Director, Head of Structuring at Quantum Global commented, “The joint venture arrangement of QGPA is based on an exceptional match of capabilities and expertise of the involved parties to conceive and develop power projects across the sub-Saharan region. Tomé and IPC’s track record and the newly created platform for further growth were highly attractive to QG Africa Mezzanine LP.” The rationale behind this investment, beyond generation of solid returns, is the infrastructure sector’s substantial potential for job and wealth creation and local supply chains that positively impacts upon national economies in Africa. Commercial infrastructure projects in sub-Saharan Africa currently show unparalleled potential and resilience against the perceived risks associated with the African continent. Speaking today, Peter Earl, CEO of IPC, said, “We are delighted to be working with such strong partners who are committed to rolling out a programme of new, low emissions, high efficiency power plants across Africa. The combination of our expertise with that of Tomé and the financial muscle of Quantum Global positions us well to meet our ambitious plans in the coming years.”

www.pacermonitor.com/public/case/2943517/Aortech_International_v_Maguire And May

The Company is actively seeking replacement directors and will update shareholders in due course. And May

An Interesting boom or bust scenario . Good luck And May

To being in the black . At long last . Expect fireworks may be in May . And May Will soon be here .

Could go either way . Likely bust or boom . You decide. And May

Heading in the right direction. Very ,Very slowly. Good luck All And May Our optimism be rewarded

Not too bad . Plenty more in the locker and spare cash . Estimated as another 7.5p post this return. Good luck All And May --------------------------- Now we know there is above 7p ,ie 12p valuation today. Good share to hold onto for the next few dividends one feels. Good luck All And May

The trend reversal continues. Good luck All And May

A possible $1.5 million is a start . Good luck All And May

Patience is the key. Best of luck All And May

I am back to being even . Now for the real news ,we wait with hope . Good lucvk Bill et Al. And May

www.pacermonitor.com/public/case/2943517/Aortech_International_v_Maguire www.open-public-records.com/court/utah-14530526.htm And May

Fri 17:19 Buy Large trade Gold or Silver Hope it was a buy. Not long til May arrives and some sort of settlement of this never ending courtroom drama. Good luck All And May

1. President Harry Truman is believed to be the first sitting president to use the modern autopen reguarly. eBay even had a Truman signed thank-you-note for sale, as Gawker noted. But Time Magazine said President Thomas Jefferson was a fan of the polygraph, a new invention at the time that recorded his signature. 2. Obama has used it before, including to sign an extension of the U.S.A. PATRIOT Act in May 2011 because he was in France at a G-8 Summit, CBS News reported at the time. ( PHOTOS: Who won, lost with fiscal cliff deal) 3. It’s legal. President George W. Bush commissioned the U.S. Department of Justice to look into the auto pen’s constitutionality. The result: A 29-page opinion saying it’s legal. But Bush didn’t risk the controversy and never used it to sign legislation, according to ABC News. 4. While Bush avoided it, his Secretary of Defense Donald Rumsfeld didn’t. Rumsfeld was criticized in 2004 for autopenning condolence letters to families of soldiers killed in the Iraq war. One of the relatives told The Guardian at the time: “He had time for golf and the ranch but not enough to sign a decent signature with a pen for his beloved hero soldiers.” ( PHOTOS: Fiscal cliff deal: The 8 senators who voted 'no') 5. There’s an entire book dedicated to the auto pen. In 1965, Charles Hamilton published “The Robot That Helped to Make a President,” about how President John F. Kennedy used the machine. 6. In 1992, Vice President Dan Quayle blamed a staffer for using the autopen to sign a letter asking for an imprisoned GOP donor be sent to a minimum security prison. ( PHOTOS: 13 people to watch in 2013) 7. It’s more personal than a printer. That’s because presidents have different forms of signatures, including signatures that are digitally printed. White House officials told The Associated Press in 2011 that the autopen signature is generally used “for more personalized correspondence.” 8. Machines range from $2,000 to $10,000, according to The AP. ( VIDEO: Who won, lost with fiscal cliff deal) 9. Former Enron chairman Ken Lay’s legal team argued in 2006 that Lay shouldn’t face banking charges because he didn’t sign some of the bank forms — an autopen did, Highbeam Business reported at the time. Lay was ultimately convicted. 10. Presidents Bill Clinton and Ronald Reagan had bills flown to Turkey and China, respectively, so they wouldn’t have to sign major pieces of legislation with the autopen, NPR reported in 2011.

www.politico.com/story/2013/01/autopen-barack-obama-10-facts-085720.

Weird trading . And two RNS for some obscure reason. Good luck All And May