Mast Energy Developments Share Discussion Threads

[lurker5] 17/12/2023 17:25

The £2m doesn't go to Mast. Pay attention.

[z1co] 15/12/2023 14:48

Rising ahead of the £2m interim payment

[z1co] 15/12/2023 14:47

firestater

You're a bellend

[z1co] 15/12/2023 13:17

Beginning to rise again.

[lurker5] 15/12/2023 09:16

Most won't know that Venter was one of the two founders of Mast who brought Bordersley (mid 2019) to Coetzee, who then floated Mast off at a grotesquely exaggerated price (£23m mkt cap v only £2.6m of assets) benefiting Venter (with 10%) much more than Bordersley was really worth. Now that Bordersley has been written down to almost nothing and still not built, and the rest of Mast (built around it) is almost bust and tottering, any homourable man (as I'm sure Venter is) would do exactly what he has just done and given up almost all he thought he was worth to try to salvage it. So there is no reason to suppose he is more optimistic than anyone else. (in fact the hasty deal means he must be even less so)
As for those who think the £2m will make Mast suddenly rich. It goes to the Pyebridge jv, not to Mast which stays as bust as before, while it gives up its 100% of Pyebridge (maybe £2.6m) in exchange, and then gets 25% (but only 10% for the next 5-7 years) of the jv. Overall no change in its value whatsoever - except the delays are taking it closer and closer to bust. £81,000 at the rate last June will only last one month.

[firestarter1] 15/12/2023 07:58

Smash down

[wewillwin20] 15/12/2023 07:49

Looks like they know the moneynisnt coming

[firestarter1] 15/12/2023 07:44

Dnt think soBid already dropped

[z1co] 15/12/2023 07:41

News of £2m interim payment early next week.

[z1co] 15/12/2023 07:38

There's nothing at all wrong ;

Pieter Krügel, CEO of MED, commented: "We are very pleased that Mr. Venter was willing and able to provide MED with a director loan, which shows his ongoing commitment to and support of the business. This loan will ensure that MED's short-term working capital requirements are met while we wait for the JV investment to be completed, as per our recent announcements."

[firestarter1] 15/12/2023 07:34

If the money was coming within 5 days they wouldn't have needed the cash or director to dump his stock

[wewillwin20] 15/12/2023 07:24

No wonder people are quiet

[z1co] 14/12/2023 19:07

Thicko

The shares finished UP 21% with a lot of buying

There were nearly 12m buys against 4.5m sells.

Hope that helps your understanding why the shares went UPPPPPP you pea size brain and stop being a bellend!

[z1co] 14/12/2023 19:02

Thicko that 2m sell was from mid morning when the price was 0.55p v 0.65p.

There were few sells at 0.5844 ie well above the bid.

As you saw the price went higher in the afternoon.

Stop being bellend you idiot.

[z1co] 14/12/2023 17:11

The shares will rise way past 1p when they issue news regarding the 2m interim payment