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Rurelec – Partial Debt Repayment, But Is It Enough?

By Nigel Somerville, the Deputy Sheriff of AIM | Sunday 29 May 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed Rurelec (RUR), the carcass left behind by Peter Earl after he ran it into the ground, reported last week that it had received a partial debt repayment from Patagonia Energy Group after it received a payment of $1 million from Energia del Sur in Argentina. Rurelec got $758,400, but is still owed over $13 million. So is this good news?

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