Member Info for optimist13

And the buying continues. Still feel we are seriously undervalued.

Stephen Paul Jones still buying:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RMS/13947436.html

I also believe that Comarco Group are launching a new website this month which should give a good indication of more recent developments.

We just need news of a significant contract win for Gyrometrics to achieve a mkt cap that reflects to value and potential for the two current businesses in the RMS stable. Shouldn't be too long in being announced IMHO judging by the comments in the last video:

https://www.proactiveinvestors.co.uk/companies/stocktube/11892/more-growth-ahead-in-2019-for-remote-monitored-systems---chairman-burton-11892.html

The BPAC loan has overshadowed the company for many years and has not been helped by the very negative tones from the BOD.

The outstanding interest has now been repaid to BPAC and the remaining £1m is being repaid in accordance with the current terms of the loan which fall due by the end of June this year. The company have stated their intention and ability to repay this outstanding amount now that EdS is back in full production.

We do not know what the terms of the deal are with CAMMESA, but the fact that they have loaned $6m to repair the facility to me speaks volumes for the importance of the facility in generating electricity in the area.

GFD, all the figures are in the financials as you well know. You have made a bad investment here, as have I, but there is now a good chance of a recovery once the BPAC loan is repaid.

At the current mkt cap of £4m, there is clear scope for a recovery given the written down value of the net assets and the value of the outstanding loans from EdS and PEL.

Assuming Rurelec repay the £1m to BPAC by the end of June, which should be easily achievable now that EdS is back to full production, then BPAC will no longer have a pledge against the Group's assets.

Rurelec have a pledge against the assets of EdS and are owed £37.4m from them and PEL. Plus, the carrying value of the two turbines are £8.9m according to the latest accounts.

Given that our mkt cap is currently £4m, I do not think it is unreasonable to expect a significant improvement in the share price once the BPAC loan is paid off.

Broomfielder - I respect your viewpoint, but in my view, GFD calling for a CVA is nonsense. I do have knowledge in this area, and the fact that EdS is now back in full production and repaying the loans and interest back to Rurelec, completely changes the outlook here.

Coupled with the other assets Rurelec have, there is every chance shareholders will see a significant increase in the share price from its current levels.

I agree LTH's have been let down very badly, but I am more interested in what is happening on the ground now, and what the directors do with the remaining assets, particularly the turbines.

GFD, I think we will agree to disagree. The RNS this morning indicates to me that the company is moving forward.

Update regarding Energia del Sur, S.A.



Further to the announcement of 10 January 2018, the Directors of Rurelec PLC (AIM: RUR) announce that today they made a principal repayment of £200,000 on the remaining temporary loan facilities provided by Bridge Properties (Arena Central) Limited with the amount of principal outstanding now is £1 million. The facilities are due on 30 June 2019. Rurelec envisages making further repayments in the coming months

https://investegate.co.uk/rurelec-plc--rur-/rns/update---energia-del-sur--s-a--and-general-update/201901250700030627O/

GFD, once the loan to BPAC has been repaid, all of the loans will have been paid off. You are making many assumptions as if they are facts, but like everyone else, you have no idea what is going to happen.

As a LTH here, I can now see some light at the end of the tunnel. Yes, LTH's may well end up losing money, but I can certainly see any buy-out/takeover at a substantial premium to today's price.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RMS/13946181.html

Well....one late reported buy just gone through for 853k shares.

Over 40m shares traded today...amazing volume.

The warrants are now immaterial as the directors have supplied the bulk of the funds to take the company to the next level.

Whilst I believe the current board are extracting outrageous fees for the work they are doing, I am pleased to see that full production has resumed at EdS and payments are also resuming to Rurelec.

It is worth remembering that EdS and Patagonia Energy Limited owe Rurelec £37.4m in outstanding borrowings and interest. Putting the other assets to one side, repayment of these loans will significantly improve the balance sheet as much of this has been impaired.

Once the loan to BPAC is paid off, it will put Rurelec in a much improved financial position.

For any new investor, the new website is worth a view:

https://www.remotemonitoredsystems.com/

You need to do some research then.

There are rules. If the buy or sell is above the amount of shares on offer from the market makers, the trade can/will be delayed by one hour.

currently up 12.77%. The market seems to like the update and clarity of the RNS.

Stephen Sanderson sounding very positive:

https://investegate.co.uk/uk-oil---38--gas-plc--ukog-/rns/2019-2020-strategy-and-drilling-plans/201901231101228983N/