Member Info for optimist13

And another delayed buy. MM's appear to be struggling for stock.

And another delayed buy has just gone through.....

Hard to keep track with all of the delayed buys going through. 17m shares now traded this morning.

released on the 23 February last year.

When the financial report is released. Could land anytime soon.

Look like buys to me as a sell trade went through at 10.31 at 1.00p

Buys going through on the NEX Exchange....naughty MM's:

11/02/2019 11:23 498,994 0.47
11/02/2019 09:39 104,821 0.477

"Project Name
Central Illapa, Mejillones

Location
Mejillones, Antofagasta

Capacity
256 MW nominal with the potential to increase to 358 MW

Technology
OCGT (potential for phase II CCGT)

Equipment
701D gas turbines

Fuel
LNG (imported)

Additional details
Central Illapa is a 256 MW open cycle greenfield gas fired power development of which Rurelec owns a 100 per cent. interest

The project has the potential to convert to a 358 MW combined cycle power plant as part of its second stage development."

We know the value of this investment and the two turbines have been written down in the accounts to £9.92m, which is substantially less than the company originally invested.

In the interim report the company made the following statement:

"In Chile, the necessary environmental consents and land leases were renewed to extend the project and the Board continues to review options in the light of the risks versus rewards of undertaking this project."

A disposal of the above assets would clearly have a significant impact on the balance sheet and working capital.

DL did say mid February, which would make that Thursday. Should see a lot more interest in the shares if the loss has been significantly reduced. Given that both trading divisions are EBITDA positive for the last financial year, then the figures should look a whole lot better.

Approaching 200 million shares traded today already.

If our holdings have remained the same, our market cap is now covered by the value of our shares in UKOG, UOG, and the loan to HHDL.

now +15.79%....people finally waking up to the potential here.

God to see some decent volume going through....8.4m shares traded today so far.

Just waiting for the Gyrometrics contract to see lift-off.

Oops....10 million

A 1om buy trade just gone through......142m shares traded.......could end up inn the 2's today at this rate.

now up 13.10%.....97m shares traded.....

Up 11.51% today so far.....92m shares traded....our investment is literally growing by the minute......

A bit out of date but worth a read for any genuine potential investor:

https://www.saoga.org.za/directory/member-details/25872

make that two.

late buy trade just gone through for 1,015,228 shares.