Mast Energy Developments Share Discussion Threads

[pwhite73] 28/2/2024 07:26

A death spiral facility has replaced the Proventure funding. Keep away.

[lurker5] 27/2/2024 11:09

If it wasn't on the lax 'Standard' market, a nomad would have had this outfit suspended a long time ago. As it is Kibo - who still influences Mast's management - would go bust if it can't continue to sell its shares. So a monster conflict of interest, and a broker who is marked by dodgy 'research' on both companies and so won't act. Shows up the Standard market for the cesspit it is.

[lurker5] 19/2/2024 12:41

I see they are still bewildered over on the ramping board. If they had read on here, they would understand that Mr Kona has obvioously realised that MAST could never have been in a position to do the original deal and was therefore stringing him (and shareholders) along. MAST just hasn't got the projects in a condition to go into the jv and be repaid for the 'cost' - which it hasn't in fact incurred. If sensible, Kona will either withdraw from a deal he didn't ratify in the first place with a party that showed bad faith with misleading promises, or wait until MAST collapses and pick up the pieces for nothing. He certainly wouldn't want a 'revised' deal with such a bunch, which anyway would destroy existing shareholders.

[lurker5] 09/2/2024 13:06

I see Kibo has finally got its resolutions to issue a lot more shares. Won't help MAST in the least.

[deltalo] 09/2/2024 13:06

Already done so, that why I'm here, Get read for a massive rise .

[lurker5] 09/2/2024 12:55

You should read all the announcements and Mast financials and do some simple sums Deltalo. 'Upside' is tiny. All explained back on here.

[deltalo] 09/2/2024 12:27

I bought 1.17m earlier, JV good news and we multi multi bags, The upside is huge from down at this level. Atb

[short6] 09/2/2024 12:02

1 million would buy Mast now.

[ken chung] 09/2/2024 08:37

Sel, sell, sell.

[sandeep67] 09/2/2024 08:35

Mr Kona RNS will be not coming to UK as too busy.

[lurker5] 06/2/2024 10:20

Penny only slowly starting to drop here and on excitable kiddy board. Mr Kona realising he's been sold a pup. Next RNS will be eiher a) bust b) yet another mug funder found under a gooseberry bush - will extract even more blood from even more muggled shareholders (but not, of course, from LC and crew)

[mohamnx18] 03/2/2024 20:37

You've been saying that for a while now deltalo. Don't hold your breath

[deltalo] 02/2/2024 09:47

I'm expecting JV news very soon, Mast should be getting the first million soon.

[dpr1881] 23/1/2024 15:18

Expect news soon

hxxp://proventureholdings.com/renewabale-energy.php

[lurker5] 23/1/2024 14:45

To recap. Whether this goes 'phut' now, or Coetze pulls another decaying rabbit out of his crumpled hat, Mast will be a masterclass for decades in how smoke and mirrors bamboozles the naive, gullible, and those unable to understand company numbers.
Even if the Seira/Proventure deal had gone ahead as envisaged, shareholders would have seen little profit. If they'd carefully read the details and all the announcements they would have realised that at the end of the day Mast won't have been 'given' any free money. The deal merely exchanges for initial cash, the 'projects' supposed to be ready (and paid for by MAST) to be transferred into the jv's, leaving Mast with 25% of them instead of 100%. And at the very end of the day, leaving Mast having fully paid for 25% of the jv, against 75% having been paid by Seira/Proventure, so justifying the eventual ownership split.
The trouble now is that 1) the projects Mast was supposed to be giving up to the jv haven't had anywhere near what was to have been spent to get them in to a state to be transferred and to justify the £7m odd Proventure would pay for them.
2) even if Mast had spent the £7m and so would get it from Proventure at the start, it would have to use it to pay off its debts (now at least £2m incurred to get the projects ready) and spend the larger amount needed to get its other projects going. On top it would then have to pay back everything Proventure had given it, by foregoing 15% out of its 25% share of the jv's income for as long as it takes, which looked like being a least 7 years.
That would have left Mast with little income to justify even its current share price. While giving up 75% of any projects transferred (and paid cash for by Proventure) will have exactly offset the cash, leaving Mast with no net change in its asset value.
So why the rampers ever thought the deal would rocket the share price (except perhaps on the sharp spike they would cause - only to fizzle out immediately) is
a total mystery.
Another one is believing one company would 'give' another one £7m (or even £2m) 'for nothing'
The sensible understand that, which is why no one else is buying or holding, other than a few deluded shouty, rampers.
Proventure seems a pretty naive outfit itself. It claims to be a 'global renewable energy group'. But its only discernible experience is to have promised in 2015 to find funding for a solar power plant in Cyprus, only for it to be binned last year.
If Proventure ever had done due diligence (at short notice back in July) on Coetzee's rag-bag of stalled 'projects' and the difficult state of the UK reserve
power market, it by now would have realised Mast just cannot anywhere near meet the terms of the original deal and that it can't be far off going bust.
(And by the way, Kibo can't help it. Mast is a separate legal entity and apart from repayable, likely to be eye-wateringly expensive loans, its only source of cash is extra shares which will dilute current holders)
So if it had a bit of sense, and still wanted a toe on the UK market, Proventure would be standing back (as it seems to be) to either re-negotiate the deal (certainly not to shareholders' advantage) or wait until it can pick up the pieces for peanuts (which
would wipe them out)
Certainly no other UK group has shown any interest in Mast's collection of low-end projects.

[dpr1881] 18/1/2024 08:00

Having been very negative I am now somewhat more positive about this JV. The reason is the Kibo announcement the other day. Proventure's real business is global food distribution and now Kibo are announcing a JV deal with a multinational food distribution company?? A coincidence I think not ! hxxps://www.tofler.in/proventure-retail-private-limited/company/U52390TG2015PTC102098/directors and then Kibo hxxps://polaris.brighterir.com/public/kibo_energy/news/rns/story/w1k1g1x

[stealive] 16/1/2024 11:06

Moving into ENET

[ahhh luke warm] 16/1/2024 09:33

What catalysts in 2024 do you foresee Zxie that will help relieve you of the accomplished T W A T accolade that appears to be quite sticky with your presence? Asking for a curious friend :-)

[ahhh luke warm] 16/1/2024 09:29

That document appears to have developed a permanent attention deficit order Mr Man. Perhaps, the other document was more attention deserving :-)

[bean02] 15/1/2024 17:13

No speeding ticket

[man9315] 15/1/2024 13:31

The only name and document that should warrant your attention is that EFT from Proventure and with this volumes and price capitulation being visualized its unlikely not to be on the cards

[ahhh luke warm] 15/1/2024 12:00

What name on what document are you referring to DPR?Cheers ALW :-)

[dpr1881] 09/1/2024 15:57

@Lurker its ironic my friend that you accuse others of being inadequate.

Whilst we are on the subject of irony you seem to forget your name was all over a document relating to Kibo Energy Plc which spun a load of cobblers!

You claim you were only repeating what LC told you, lame excuse!

Having been paid by Kibo you now peddle your venom on a daily basis, you claim you are trying to educate and protect but your words towards others show what a nasty little man you are.

Glad to hear you are not going to engage with me as I would not want to be associated with individuals such as you, you should take a long hard look at yourself, you are not a nice man!