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looks like there are a few bi Polar w****rs still lurking around since the chief W****r disappeared last week. So transparent they aren't even very good at it, to be fair to Firststoptheloon, he was quite acomplished.
surprised they have so many shares to sell
Morning all. Filtered posts again. Looking forward to newsflow coming on MAST. Really good interview other day and this seems to be a ground up rebuild.
Churn isn’t going to last forever and then likely a move up quickly
I think the new waste to energy declaration and the timing of the new Tanzanian President are related IMO. How much was MCPP worth under Magafuli? How much is it worth under a new more pro external investor President?
This gives them an opportunity to extract maximum value out of MCPP and move on to waste to energy if they think that is where the money is better utilised, and I’d be glad to see the back of Tanzania, the UK is a far better place to plough money into for investments and will have a better premium attached to any share price.
Looking at the waste to energy, I think any start up to get 2 / 3 projects up and running using MAST as a case in point would cost some £10m - £20m IMO. That money can only come from one of three sources, a IPO (like MAST), a sale of assets (like MCPP) or through a massive placing. DYOR.
JD
God this site is crap from time to time .... takes ages to update, thought Id lost the first post. Apologies for saying the same thing twice
I'd prefer a sale in Tanz than another false dawn ..... I do think its an option
Chairman's statement Oct 2020 (with ref to Bots / Tanz)
"Other Projects. Understandably the on-going Covid situation and the related global economic knock on effects has impacted our ability to progress our MCPP (Tanzania) and MCIPP (Botswana) projects significantly during 2020 but these projects remain in good standing and we are carefully considering how we can now best extract value from them."
I also don't think this latest RNS is in anyway a change of strategy but continuation / acceleration of soemthing thats been in the background for a while. Same source
"We also continued to work collaboratively with partner ESS Tech Inc in planning for the co-location and integration of renewable power and innovative battery storage solutions at the Benga project. We maintain a strong commitment to designing our planned coal to power stations to incorporate the latest emission mitigation technologies and plan for the gradual transition of our coal fired projects to renewable generating source."
Agree JD. I think most would like to see a sale rather than what for many would fear to be a new false dawn in Tanz.
This is from the half year results - chairaman's statement in Oct 2020
"Other Projects (Bots / Tanz). Understandably the on-going Covid situation and the related global economic knock on effects has impacted our ability to progress our MCPP (Tanzania) and MCIPP (Botswana) projects significantly during 2020 but these projects remain in good standing and we are carefully considering how we can now best extract value from them."
At the time I think most understood the inference to be a disposal may be an option.
Also from same statement about Benga (with reference to recent RNS and a shift in strategy)
"We also continued to work collaboratively with partner ESS Tech Inc in planning for the co-location and integration of renewable power and innovative battery storage solutions at the Benga project. We maintain a strong commitment to designing our planned coal to power stations to incorporate the latest emission mitigation technologies and plan for the gradual transition of our coal fired projects to renewable generating source."
I think the latest RNS fits perfectly and demonstrates they have been thinking about this for a while .... its not new or a change.
https://www.esi-africa.com/industry-sectors/renewable-energy/two-power-pools-gamble-with-sustainable-growth-in-africa-irena/
Considering the immediate Energy Gap about to unfold in Africa and a Project like MCPP just sitting there idle despite being ready to go at the base of the new EAPP / SAPP Interconnector, I’d expect MCPP is either a go in the next 3 / 6 months under the new Tanzanian President or its sold to someone who can make it happen quickly (the Chinese).
I think we are close to it being sold, personally.
JD