Hopefully people notice the sarcasm in my tone today albeit with a clear message! I had the pleasure of reading contributions/messages today as Ian is on an a non-comms hiatus from later today as he's going 'into the bush'! He's gone for near 4 weeks...I'm sure he's actually booked a safari over and above his alleged work!
Like most, I grow tired of people trying to find someone else to blame or make decisions for them. This is not a forum to obtain recommends on the share purchases, its a discussion. If you want a managed service, I'm sure there are good companies out there and I recommend you try them.
To the point of annoyance for people including myself; Rurelec is a simple story so get your pens ready those that are intellectually INCAPABLE of working this out.
They had an asset, valued at X (some may say $142m and I happen to believe its near this value), the asset(s) were reappropriated without financial restitution by the Bolivian Government and as such there is compensation to be paid. If this is really difficult to understand then please find the nearest savings bank and put your monies into a "high interest" a/c. It will save you the tedium of trying to work out the rest of the details.
So for clarity, RUR through its 50.01%-owned Bolivian subsidiary Empresa Guaracachi SA (We'll call it Guaracachi you might notice a theme!) are claiming compensation as per their RNS US$142 million 02 March 2012 . The claim is specifically for RUR's % of Guaracachi, not any other parties holding. If additional parties were added to the claim it would require a request similar to Churchill Mining's claim (RNS Link to explain process 10 May 2013). Another party, in CHL's case another subsidiary Planet (Planet Mining Pty Ltd), requested that the claims be consolidated and dealt with in one ICSID Proceeding. Is that clear enough? I hope so.
Post the resolution of Rurelec's claim, there will be one post to show all the comments (omitting names) regarding RUR's claim that are an absolute joke...some admittedly humorous but others really need to ask themselves if they should be managing their own investments. Why do people even bother if they cannot understand the basics?
However, here's one that tops the bill..."maybe bolivia have only nationalised the electricity & not company?" am I missing something????
Acquisition and Placing for Empresa Electrica Guaracachi 13 December 2005 (includes some history) for those understanding the issues, please read the link! That placing was at 42 pence and unlikely to get back there in the short-to-mid-term.
Have a good Wednesday! Atb Fraser
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