Member Info for optimist13

It goes without saying that this is currently a high risk share, and until we hear how the funding gap is going to be bridged, I am sure it will remain at the current low level. However, because of the material shift in the business outlook in Argentina, where our main assets are, I feel confident that a solution will be found. This then leads to where the share price should be when a positive outcome is announced. Without the placing, I cannot see that there will be many shares sold at anywhere near the current price and demand should be very strong considering the current net asset value in relation to the share price. From memory, the last placing price back in 2014 was at 13.25p and I cannot see the administrators of Sterling Trust settling for a derisory price, given that they rejected the GM proposals. I will be watching out for the announcements next week from Marci, and if he restates his intention to immediately ease the various financial controls and capital restrictions, I can see further buying pressure here. I don't know whether there are any shorts here, but it would be very nice to see a few getting their fingers burnt.

Pieces falling into place: http://en.mercopress.com/2015/12/03/macri-names-ambassadors-to-washington-and-montevideo

Flightman - the problem is that we don't have enough factual information to know what funds are required and by when,, other than the fact that the Radix short-term loan needs paying by the end of the year. However, I come back to what we do know. Unless someone tells me otherwise, the Argentinian assets, plus loans and interest are worth circa £60m. Whilst the company want to keep this asset, if the worst came to the worst, I believe a buyer could be found for all or part of this asset. The aborted open offer was at a discount of 87% to the impaired net assets at the half year. For existing shareholders, even taking a hair cut on the sale of assets would be a much better deal that the previous proposal. We need more information from the company, and we need to understand what options are available now that the owners of the company have voted against the placing.

Well, I would concur that I am not able to buy any shares online at the moment at the asking price. Pure speculation, but if there was the expectation that millions of cheap shares would be available, maybe there is a shortage of shares at the current price. One thing is for sure, the company will have to release further information regarding the funding gap this month, but maybe they will wait until Marci makes his first Presidential address next week.

Reading through the various reports, it is my understanding that the various changes the new government wish to introduce will be beneficial to the energy sector through the removal/change to the subsidies/caps currently in place. The demand, according to reports on line for electricity are set to grow and the need to offer investors confidence in the industry will be of paramount importance. Coupled to increasing demand, our two GE M56001B gas turbines should be able to produce electricity more cheaply with the current low price of gas. Whilst I don't know the legal basis of our 50% holding in EdS, I find it hard to imagine that there would not be considerable interest from other parties to take a stake in EDS, given the current very positive outlook for Argentina following the election of Marci and his pro business stance. I expect we will hear concrete proposals from Marci either on the 10 December or shortly thereafter on changes to the current capital restrictions which should give Rurelec sufficient time to facilitate the repayment of the short-term loan on the 31 December and to obtain sufficient working capital to move the business forward. This can be accomplished by the repayment of the outstanding interest payments from EdS or the disposal of assets.

I think this article is worth reading: http://www.fairobserver.com/region/latin_america/can-argentinas-president-elect-overcome-the-obstacles-to-reform-13406/

Just finished my trawl of the election news in Argentina and whilst there is nothing new to report, the new political appointments look very positive and pro-business to me. As you say Flightman, the 10 December inauguration ceremony for Marci is the next key date, and I expect to hear to some concrete news very quickly after that on the relaxation of the currency controls and movement of capital. We now need some factual information from the company. When is the $1m final payment due from the Peru sale and how much money can be repatriated from Argentina if the controls are lifted. What is the 50% stake in EdS worth today. Given all of the positive news coming out of Argentina, I am sure there would be significant interest in our stake if the worst came to the worst. The MM's have now marked the company down to a £4m mkt. cap, even though the buys far outweigh the sells. Mind games still being played here, but I firmly believe existing shareholders will see a much better return than if the hugely discounted placing had gone ahead on the terms offered.

director purchase: http://www.investegate.co.uk/limitless-earth-plc--lme-/prn/director-s-dealing/20151112094841PB521/

bought in this morning on the back of riddler's comments and the research here. not often you can buy cash at a discount. The large delayed buy does look suspiciously like a director purchase. Should re-rate from here if the seller is finished.

You and me both. Was invested here years ago but sold out. This MOU could be transformational for little old TRT.

Sounds very positive to me. Now have the ability to see in all 50 States.

Given that there is no overhang of shares and there seems to be a constant stream of buys, I can see this retrace continuing until we get back to the last placing price of 10.00p.

Bearing in mind that the last placing was at 10p and the company has secured long term debt financing, I think we have some way to go yet before we get to anything like true value.

About time too. Some decent news which may finally see the upward trajectory of the share price.

some decent buys have gone through today and some positive news to boot.

That must have been your 9k share trade l take it, looking at the trades. Very much doubt the price will drop below 5.00p,but l wish you well with your trading strategy. I will be adding quite a few to my holding if it gets anywhere near 6.00p

A decent late trade after the close last night above the ask! We must surely be due some sort of trading update and given that the share price has been walked down over the past few months, we could be in for a decent correction if the news is good.

If anyone was shorting this, I'll bet they will be feeling pretty sick now....what a shame.

Excellent news...the pieces are finally dropping into place.

from Pr2 on another thread: yes Pr2 helped a lot, so much so I have taken a copy of one of the posts below: Next news could be: America EPA: - EPA - official conformation then; - be nice to see Volvo endorse CAP system as the best Dual fuel system for their vehicles, very nice if we could use their dealership suppliers; - if not some other dealership agreement, - then possibly a funding mechanism to fund this role out - Then the big success story getting UPS to be the first customer - credibility always follow the big boys Russia - Gazprom have the first two dual fuel vehicles in Russia (orders a few more), and they want to convert 50% of their fleet to gas by 2017 - give that time - euro 5 have the product on the shelf ready to rock and roll. Putin wants to invest loads wonga into gas infrastructure - still only planning 10 stations - so dual fuel still fits best o and its a compression diesel not like ****ty Westports petrol engine CRAP ! Europe - being held up by legislation a clear path for dual fuel systems - are they retrofits or are they modification ect ect CAPS been involved in the conversations (v interesting presentations) - should be hopefully all done by June of this year and ready to role - Technology is there, i'm pretty sure we have a retrofit compliant dual fuel system - we got EPA 10 not much difference to euro 6 and the methane issue will be/ has been sorted. - if i was DHL and Sainsbury's i would be pretty ****ed they need Euro 6 dual fuel to justify the big investment into infrastructure! Prins is a crap system substitution rates are rubbish 45% i think. Then the biggy - ASIA - watch this space, in April. This one is nice because actual time-frames have been set and wont slip a decision will be made. The question is not has it been successful the question is how big will the bill be? So much going on. behind the curtains its just a question of when will they reveal the start of the show at the momoent the audience (investors) do not know what to expect.... ooooooh better than eastenders :)