I was reading this after napping [a very long day for me], not to reaffirm my investment decision having already had profit and capital returned the rest is cream. I hope others have been prudent not to carry an all in policy unless of course you accept the pros & cons of such a strategy albeit the company is at a transformational point. Contrary to my original views this will also be a long-term holding, with trades where possible.
One of the messages which I won't post due to the explicit element of the language is "how can the PCA [Permanent Court of Arbitration] be allowed to let the decision go to the wire [the polite and short version]. The answer is simple, they do not have to give a decision even tomorrow, as they have the powers to extended the date if they see fit.
Obviously, due to the comments Peter Earl has made this would be disappointing for all holders in terms of expectation, but it is my view that Peter has been sincere in relaying the news from the PCA. Likewise, unlike a lot of companies, most directors have skin in the game around the price it is now. So it's fair to say, they see value above the current share price (the time-frames may agree or disagree with other holders but that's the name of investing).
I won't post immediately upon any award and/or decision as there are other things in life bar Rurelec. So for those wishing to read a one-sided view of the process, claim and case, here is Rurelec's Claimants Post Hearing Brief (31 May 2013) Source: Guaracachi & Rurelec v. Bolivia (Entire List of Documents)
Atb Fraser
It is defiantly one of those stocks that says sell on the news....Equally, with the listing to come, their will be some Canchaylo news Q1 as well, a bucket load of cash from the arbitration would help further so many ends.
ReplyDeleteWell, unless its $30m US and then that just pays the songbird loan lol :)
Its been a good stock to own for many non monetary reasons !
Fraser
ReplyDeleteI agree re initial reaction comments- we all have different strategies here and so we cant possibly ask you to state yours when the first few hours are likely to be volatile and they may not present the best opportunities, at least in my view.
Good luck to all in RUR- the Bolivian chapter is almost over for them.
Cheers. The Leggie
Cheers fraser i took your advice & comfortable with my holding now ive taken cash & some profit i want some of your cream though. you beat the banks 40% in a year + some cream soon. I hope once these cases finish you continue covering i did £1 a point on abm when I saw you were short. we had a lovely meal out. keep up the +++work
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