The placing and basis for the transaction although justified, in part, is somewhat contradictory had RUR waited around two months I have to question where the Share Price will be...the view being that paying in shares for IPC and turbines in essence could mean it cost more to complete this placing sooner rather than later. This will be revisited in due course to cover all the documents and the placing.
Update in in due course on the publication of recent documents Guaracachi America, Inc. (U.S.A.) and 2. Rurelec Plc (United Kingdom) v. Plurinational State of Bolivia - Disclosures 31st May 2013
Related Party Transactions, Proposed Acquisitions & Placing It clearly states "The final hearing concluded in April and an announcement of the compensation due to be awarded to Rurelec is due to be announced in the coming months with payment expected to be made later this year." So why complete a placing and transaction based on the current share price now than wait 60 days, surely the transaction would have been more shareholder advantageous had it waited at least till after the decision 'in the coming months?' As there appears no current pricing for the settlement with Bolivia in the current price...
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