Mast Energy Developments Share Discussion Threads

[short6] 02/1/2024 14:25

What’s happening over in KAT. Its up 100% anyone know why?

[deltalo] 02/1/2024 14:25

STONG BUY imo. Proventure already committed in writing. MED board have received sufficient verbal and written evidence from Proventure as well as its funders that the initial Interim Payment of GBP2m will be paid to the JV SPV between 15 to around 20 December 2023, subject to signature of definitive agreements. Resultingly, after due and careful consideration, MED has extended the time allowed accordingly for Proventure to remedy its current position and to perform its obligations under the binding JVA.

[firestarter1] 02/1/2024 14:20

Pumping clowns trying it on

[dpr1881] 02/1/2024 12:17

Lurker are you deliberately blind or just stupid? The JV SPV will purchase Pyebridge from Mast, what is the difference?

[lurker5] 02/1/2024 09:04

The remaining numpties on LSE still haven't tumbled to the RNS statement "Proventure will initiate transfer of a first £1m payment to the "PROJECT SPV" - ie - NOT to MAST. But of course they haven't even tumbled to the fact they are different entities and it is MAST they are invested in and which is bust !

[firestarter1] 02/1/2024 08:36

The lies from this gullible companyThey believed some silly company Calle pro venture who prob bought and sold shares at highs and now are avoiding them

[lurker5] 02/1/2024 08:05

PI's still being led by the nose ! Its been obvious all Mast's history why it listed on the 'Standard' market - even more lax than AIM, with no requirement for full disclosure. On AIM the nomad would have stopped this nonsense long ago and LSE would have suspended the shares.

[mohamnx18] 29/12/2023 12:25

Give it a rest!

[firestarter1] 29/12/2023 12:20

Suspension soon

[firestarter1] 29/12/2023 12:20

Jv cancelled and now company have nothing left

[firestarter1] 29/12/2023 12:15

Over deal is dead

[firestarter1] 29/12/2023 12:01

No cashNo dealDeal cancelled

[firestarter1] 29/12/2023 11:33

50%!dropNext week get out

[lurker5] 28/12/2023 19:24

MAST
Astonishing the penny isn't dropping with some of the lemmings. Even if some cash dribbles through, its been obvious we have two mickey mouse outfits here. Mast has achieved absolutely nothing in its nearly three years listed. Its core Bordersley project (once valued by Coetzee at £15 m !) written down to nil and no sign of building let alone generating. Ditto three other projects held since listing, while Pyebridge shown to have been a dud acquisition needing large spending still.
The other Mickeys, Seira and its mate Proventure, have had since May to organise their 'investment' and apparently can only scrabble together £2m of the promised £33m. Why ? Because Proventure hasn't got any 'international 'renewable energy' projects. The only one it 'promised'to get funding for in Cyprus was cancelled last year. And it seems its 'investor consortium' is actually Indian HNW individuals. What they must know of the UK renewables market (currently in a dodgy state) is debatable Seems they must be having cold feet if they haven't stumped up yet. And the excuse the funds can't quickly be remitted from India within six months seems pretty feeble. What happens if further funding (absolutely nailed on) is needed if the jv actually gets going ?
The lemmings haven't even bothered to discover (very easy to do - that is if they can read and understand) that the interim funds are only for the jv and can't be used by MAST which by now must have net cash debts of £1.5m it can't pay not counting still owed to Kibo (who can't help it being near bankrupt itself). And that any cash that does come from Proventure to MAST itself, will be outweighed by transfer of 100% of whatever project goes into the jv (looks like Pyebridge which needs the 'interim payment' to be spent on it before it generates) in return for which Mast only gets 25% of it when in he jv. So the deal results in a lower asset value (only £1.5m last june and less than £1m now) and the opposite of the bonanza the lemmings are rushing after.
Lots more detail freely available which shows how low Mast's share price will go lower even if the jv gets going as 'envisaged' . But that would be too much for the lemmings to hoist in.

[firestarter1] 28/12/2023 16:23

50% drop tomorrow

[firestarter1] 28/12/2023 13:58

Mr 9713341 sells at a lossA chaser

[firestarter1] 28/12/2023 12:34

Dnt get caught when the rns lands of termination mms will drop it 60%

[firestarter1] 28/12/2023 11:32

Rns out No cash deal termination