Member Info for optimist13

There was disclosure...all the facts are there if you look in the accounts. There is nothing underhand here at all.

And the funds are flowing from EdS is Argentina.....roll on the re-rate.

tonydive.....I think you need to take a close look at the history here. Whether you like it or not, Rurelec owe money to IPSA for the outstanding payment on the turbines. Now IPSA owe money to Rurelec, which negates PE's attempt to force the issue with his previous 'Statutory Notice' attempt.

I think this is fantastic news, we are moving forward, and to my reckoning PE has failed in his attempt to engineer a purchase of Rurelec on the cheap.

b9boy - the actual spread is a lot different to the displayed figures. For instance, if you do a dummy trade now, you will find the buy price is 1.37p compared to the sell price of 1.32p. It doesn't get much tighter than that on a low volume stock on AIM.

Think they are going to need more electricity: http://en.mercopress.com/2017/02/09/macri-to-launch-patagonia-project-for-southern-argentina-provinces Extract: The project was built on the “Belgrano Plan” experience which promotes social, production and infrastructure development, with the purpose of sponsoring growth and opportunities, in the five Patagonia provinces of the Argentine vast south. The “Belgrano Plan” has an initial budget for this year equivalent to US$ 6 billion, with special emphasis in infrastructure: roads, railways, water and waterways, housing, education and healthcare.

He stated in the interview they would require funds. The question is where the funds come from, equity or debt funding.

Quote from DL: Non-executive director David Lenigas tells Proactive: ''The ability of this business to grow 3,4,5, 10 times over the next few years is phenomenal''. ''When you look back at AAAP over the last year in particular we were doing about 80 tonnes a month of product. The demand for this product has picked up so dramatically from the new factory in Cape Town that critical mass for the business making profit is about 100-110 tonnes a month - we've blasted way through that in the last 3 months''. Lenigas adds: ''We're updating the manufacturing facility to do three times the output. That work will be finished sometime this month - we certainly have the order book to fill that''. ''I see this as a great business - and we've now got to the point we're making money''.

If you listen to the interview, DL states that the company is now profitable.

If you combine AfriAg Global, AfriAg SA, AAAP and the connections that the various directors have, you could very quickly establish a very substantial business. The main board listing, IMHO, would give the company access to funds that would otherwise not be available to AfriAg, and DL has alluded to this in the past and in his interview yesterday. I must reiterate, this is all my own opinion, and I could be adding 2+2 and making 5. However, the opportunity is very compelling, and in my view would be in the best interest of shareholders in both companies, providing fair value was attached to each entity.

I bought in here this morning on the basis of DL's expansionist plans. I hold a significant number of shares in AfriAg Global, and DL is the CEO of that company as well. I am of the opinion that there could well be some sort of merger, given the synergies between the two companies. The benefit to AAAP is the revenues being generated by AfriAg, and the benefit to AfriAg would be the main board listing. The next few months could prove to be very interesting for both companies.

Link: David Lenigas ‏@DavidLenigas 16h16 hours ago More Interview just out. https://www.youtube.com/watch?v=HInAUjzEhn8 …

Well worth listening to DL's interview yesterday on Proactive Investors. He has big plans for this company.

Holding steady. Just wait until some news lands. Tick tock, tick tock.

Well....are we about to hear of the confirmation of an asset sale, the receipt of the outstanding $1m from the previous asset sale, or the further repatriation of funds from EdS in Argentina. The MM's want your shares.......

The MM's are looking for shares this morning. There is either a large buy order in or they have got wind of something. Looking very strong at the moment.

But there were a couple of sells at 1.42, so the spread is a lot tighter than the advertised prices suggest.

Bid 1.35 at close............

You could well be right. Anyway, it is just encouraging to see a bit of volume for a change.

It's not finished yet. The Mm's are shuffling about and it could go higher before the close.