Member Info for optimist13

I think RUR should release an RNS to confirm that EdS have indeed commenced repayments of the loans and interest as stated in the 10 January 19 RNS:

"Following the return to full power generation by the EdS plant, the management of EdS have indicated that in late January 2019 they expect to resume making lump sum repayments of the outstanding amounts due to Rurelec Project Finance Limited ("RPFL"). They have informed Rurelec that it is their intention to repay that loan in full during 2019. At 31 December 2018 there was US $1.44 million of outstanding capital to be repaid on this loan. After RPFL's debt has been repaid it is expected that EdS will commence repayment of other debts owed to Rurelec and Patagonia Energy Limited."

Given that the company have made such a big issue of the working capital constraints in the past, they should equally release important information that alleviates the situation.

I see they are letting a few smaller buys through now......

Spread currently quite large, but the offer moving up.

People on Twitter also saying they can't buy shares this morning #RMS

Isn't it funny that there were supposed to be a chunk of sells reported late, yet you can't buy any this morning.

Still not convinced they were sells, but I can't even see the trades on LSE this morning.

Further coverage of the news release yesterday:

Extract:
Fastbase is one of the world’s five largest web analytics companies. Fastbase services Google advertisers and Google Analytics users worldwide, having analysed 3.5 billion Google Adwords clicks.
Continuing its mission to help B2B companies better understand their customers, Fastbase, led by CEO and Founder, Rasmus Refer, converts website data into actionable information with its lead identification tools.
Since 2017, Fastbase has benefited from HPE’s Apollo server with Rasmus Refer enthusing, “It’s been running completely smoothly, it’s the coolest server – There hasn’t been so much as one crash. World class,” Rasmus Refer said.

Fastbase Inc., founded in 2015, has signed an agreement with UK’s largest Corporate & Institutional Broker to take Fastbase on the London Stock Exchange.

https://uniquefinance.company/fastbase-hits-a-million-users-using-unique-hpe-servers/

https://investegate.co.uk/united-oil---38--gas-plc--uog-/rns/cpr-upgrades-jamaica-prospect-to-229million-bbls/201902210700026645Q/

Not convinced given the tricks the MM's get up to.

Pretty sure the six trades are cancelling each other out.

5.4m buys v 2.8m sells now. I believe there will be fireworks when the news lands, and with the warrants effectively expiring tomorrow, there is nothing to hold the price back.

I can't think anyone has a large amount of stock that has any intention of selling at the current price.

there you go....delayed buys going through. Naughty MM's. They must be desperate for shares.

the discrepancy between the figures are for trades going through at the mid price.

Another 7.1m shares traded today. Not sure whether all of the sells were actually sells, but the buys are still clearly in the ascendancy. 3.8m v 2.8m.

Carrefour, that news in itself was positive, but unfortunately the company still made a considerable loss at the net level. In all honesty I was expecting a decent reduction in the loss for the year.

However, the business is all about the Comarco deal now and hopefully an RTO or a significant JV will come out of it. Clearly the directors are talking up this possibility and at least they have a decent amount of money invested themselves.

I did say it could be a number of months before we would see some traction in the share price and that view still holds.

Hi Broomfielder, I accept the loan from BPAC could have been discharged by the sale of assets, but I was alluding to other possibilities.

Rurelec until recently owed BPAC circa £1.5m which potentially could have thwarted a possible sale of the company. I am not saying it is likely, but I feel a debt free company, that should now be cash flow positive would attract a lot more interest from potential buyers.

An awful lot of it's and but's, but I can see a little bit of light at the end of this very long tunnel.

Thanks shaun86, the listing is taking far longer than anyone expected, but is looking more probable as the time goes by. When you have third party persons confirming statements, it add weight to the statements.

Broomfielder, as you are probably well aware, Rurelec have a charge over the assets of EdS, so whilst we don't know the terms of the transaction with CAMESSA, I very much doubt there will be any change to our clause.

Once the BPAC loan is paid off, there will be no charge over Rurelec's assets, which potentially opens up the possibilities for the BOD to dispose of the assets or sell the company.

I can't see how you arrive at the position that shareholders, which of course includes Sterling Trust, will not see any cash or the equivalent in shares if the company is taken over.

This investment for all of us has been a complete fiasco and I accept some will lose a considerable amount of money. As I have stated before, I am looking at what is happening today and I expect to see a considerable appreciation in the share price from its current level.

Good luck guys, but I think the party hasn't even stared yet.

Gyrometric's significant contract news will transform the outlook here and the odds are that the contract will land quite soon.

And the buying continues

3.8m buys v 852k sells

no cheap shares left

now +23.40%

now +21.28%