Happy New Year & Rurelec Patience

I didn't celebrate on New Year's Eve as we had a party to go to New Year's Day Eve and what a party! Somewhat glue-eyed today (where you sleep hard but no real quality) but it was great to catch up with people. So Happy New Year everyone...For 2014, I hope everyone decides to avoid crap and/or short it and if management heavily discount a placing avoid it till value starts to become transparent or companies with no real value currently that will need cash in due course. 

For the messages left, I'd like to point out the Rurelec Arbitration Panel has the right to extend the time for delivery of 'the decision', this makes it hard for a company to please shareholders on the edge of their seat.. Something Victoria Oil & Gas (LSE: VOG) suffered, albeit their decision was a little complex and as I've said previously, was partly as a result of of the actions taken by the Board. If VOG's case had "no" non-disclosure agreement attached to it, and as such the VOG Board, for the benefit of the shareholders should publish all the ICC Arbitration decision, submission and final judgement. Will this happen...

For the high risk element, I wonder what the chances of VOG delivering on their 'adjusted' targets for this year? I say this because having looked back its not been a happy path for the company or specifically the shareholders. Its ironic that a few people have suggested that they should play hard ball with RSM? Why not go over the minimum terms to avoid problems with litigation? Common-sense? 

Have a very good New Year! Fraser...