Member Info for Gerhart

So is it a PI with a bit of spare cash? (remember 1mill at these prices isn't vast) Or a more serious player quietly building. Either way clearly like us they see much great value than SP indicates. Maybe it is one of US??! (not me - I'm just sitting on the fec king paper losses.....wish i was able to buy at moment)

Hi Opt, where does this come from: "....the administrators for Sterling Trust have publicly stated that 'in their opinion' based on information supplied to them, the shares in Rurelec are worth circa 4.00p". Thanks

Thanks again Opt. A seller(s) around too. So maybe we shouldn't get too excited.

Thanks Opt. The timing was precise according to trades on AD....

Optimist - how did you know about delayed trade and that it would show at 12.14? How does that work? Thanks (PEEL moved the bid at 11.14. If it is a large buy, it should show at 12.14.)

Thanks for that link Kamel17. Looks like the answer to my email which they didn't respond to, is that they must be negotiating a sale, or sales, off the market, of RUR shares. If they were just going to sell tinto the market, then we would see that clearly enough soon. Let's hope they hold out for a good price.

Good call on the SP move Sharetipz. Any chance you'd guess some more that we are going a lot higher??!

Last weekend I emailed the two guys who are dealing with the Sterling Admin' stuff. Basically asked could they supply any info on the plans they have for Sterling's RUR shares. Still no rsponse. No idea why....either they are unable or /unwilling to say - or maybe just haven't got around to reading email! I think it would be unfair to put the full details up here. But their names are on the RNS from 20 October. A little bit of lovely serach engine work will do the rest if you are interested in emailing too.

I certainly don't see it as a big loss. He was Sterling's man. Appointed after the coup. He doesn't have knowledge or experience. I said recently his failed attempt on the placing didn't inspire me with confidence. But am I being too much of a “conspiracist” in thinking that he resigned, because he by himself, or acting on behalf of others, wasn’t able to gain the intended advantage through the placing (cheap shares). And now the Argentine political change, and the positive impact it may have on RUR, means he needs to act again some other way - and quickly? Why else would you resign from a plumb job, when the only way for a company is up, and he'd get a lot of the credit. And he might have gained lots of lovely share options too. Very curious.

Thanks flight but I thought you were referring to something recent. I am across the other stuff. I imagine the post you refer to was penned by Swooped, who used to be chief cheer leader for RUR. But due to what has happened and not happened over the last six months, is probably - like most of us - a lot less cheer-ful! (No criticism intended Swooped)

Flight - what dedication to your fellow posters! Fancy a Senior job at RUR!!! Lol

Hi Flight have you got a link to that other BB where ever it is? Cheers

Thanks Flight. Does anyone know if there was ever a time in RURs history when sterling made a bid, after they acrued the threshold for a compulsory offer?

Does anyone know exactly what is agreed as outstanding to RUR from EDS as of today? Whatever that is, it won't come at once, but even knowing it will be flowing helps. Secondly, lets hope that The Admin peeps do private sale/auction as one block, or several, with Sterlings shares; or Sterling exits Admin. Otherwise as the SP rises there will be a temptation for the Admin peeps to feed the shares to the market which will hold the SP rise back...unless another party decides to buy as the come onto the market. Still though, it's amazing how much this sea change in Arg' politics will result in a sea change for us also.

In fairness, what I didn't point out was that there were recent cash flow problems, mostly beyond it's controld. But most if not all that will be resolved very soon.

It's worth saying here to anyone watching on at the SP rise over last few days, that most of the long-term shares bought were at a MUCH higher SP. Those peeps - including me - won't be selling anytime soon! For example the former directors (evicted in the “coup”) dug deep to buy before the disappointing arbitration award – some at about 14p!! Take something off that price for the disappointing arbitration award. But this is still a solid company with good solid saleable assets. (still no where near reflected in current valuation

yeah sudden jump. Delayed trades or the MMs on the Christmas sauce!

...allowing editing of posts - even for a 5 minute time line for serial typo-ers like me!!! haha

ALF94 - Theoretically yes to both. There could be a last-minute reprieve if a white knight appeared. We could trade again and we could apply to relist in some form. In practice you're more likely to find a roasted snowball! Or the AIM will be cleansed of the incompetent/liars/cheats/down right crooks of management! Neither strong possibilities. We are now basically in the hands of the receiver. If the oil SP situation wasn't so bad (for us!) we might get some value for Puka/Shannon prospect. Maku seems to be in hands of another receiver. But buyers probably won't pay much. Any outstanding creditors will be first. Then undeserving pay cheques for some of the BOD...then something for the receiver...then what pittance is left will be for shareholders. Including the BOD. Still can't understand how/why directors allowed the £3m Primary Bid bid to fail. Could have totally transformed the whole picture. The cynic in me almost thinks they wanted it to fail...Puka/Shannon then gets passed on to some other cowboys for a pittance....wonder why? Only that failed. So now it's the receiver who will decide what happens. Might even get a cheque for £1.99. But probably not.

Is this not something the DTI or FCA could look at if we complained.