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"Pyebridge is operational and generating income."
why could this move soon, what figures are you working on going forward.
another drawdown to make get pye**** going.
more debt.
Looks like Pyebridge is on track. Overall this update looks pretty good in my opinion.
"The 2nd Advance also enables the acceleration of the overhaul of the first genset, and once the work is completed will result in a significant increase in additional revenue from the Pyebridge site and more importantly sooner than expected."
This could move significantly soon.
Good luck holders.
Better to walk away in my view. Move on Write it off. Lawyers will charge more than than to recover it.
well that jv has really turned into a crock of ****. i cannot ever see mast recovering the default money owed to them.e
Better to have low placing then a high one.
who wants a high placing?
good setup to get them low as possible
should build up
they unlocking value, they have too. it has been a while.
26 million shares traded at the bell. Exactly 10% of all shares in 2 trades.
Surly that has to trigger a tr-1 tomorrow
Are they buys or sells. ?????
It reminds me of a few companies that I’ve worked for over the years. Terrible communication. In fact, obfuscation.
Magmanus_49,
I still hold MAST as a long term investment. I certainly wasn't expecting a placing at such a poor price, and wouldn't be a seller at this price. I don't expect any sharp increase in the share price, based on what the directors have been telling us, as this seems to be a slow burner. The directors seem to be attempting to maximise the early revenue while keeping the interest payments to a minimum. This may have longer term benefits but is likely to lead to relatively slow share price growth.
Interestingly there has been no specific comment, as yet, about the projects where the time to revenue has been estimated by the company at 9-12 months.
If and when they sell, I doubt anyone will sell now based on positive business outcomes recently. Accumulate low
Price target given the latest developments and profit projections is around 3p.
Getting interesting with the sellers sold out low etc.
David, hope you sold and out based on your own judgements etc.
buying/ selling, talking is easy, business is hard work - it it find its footing.
still have plenty to buy here.
It's worth noting that anyone who will officially receive their shares from the placing, due for admittance on May 29th, will already be in a nominal profit. Another 162,500,000 shares available as an overhang.
14 million shares already bought
Huge gap up here all consecutive buys this morning
Of course it's not legal, fortunately for him he made it up.
Does this mean that you traded with information about a potential placing and such knowledge was not in the public domain? Is that even legal?
Magmanus_49,
There is no way the placing shares were sold forward. This is an absolutely huge placing because of the ridiculously low price. Just for comparison terms the overhang from the placing is now twice the size of the overhang from Kibo. The directors have managed to completely land themselves in the mire, and are now struggling to get themselves out of it. It looks, with the value of hindsight, that they failed to do sufficient due diligence on their prospective JV partners and wasted probably 9-12 months, and no doubt plenty of money in the process. No doubt they are considering their position on what to do about the alleged breaches of contract, and it wouldn't surprise me at all (based on what happened at Katoro) if they hoped if they said nothing everyone would forget about any compensation and the problem would go away..
This may be a situation where any shareholders that held prior to the placing will eventually get some of their money back, but it's going to take a considerable time. Buyers from the placing are nominally in profit now, so that's 162,500,000 shares potentially available to go as the price eventually rises.
I hope that some investors living locally will attend the AGM and ask the directors some of the awkward questions they deserve.
Another good RNS, 8M+ share buy, over 3%.
Some are mad they bought high, and can't buy more
MKT cap is low, so 3% is damn good buy
placing shares forward sold i suspect.
plenty of updates to follow now they have funding, mkt cap is low.
THE BOARD SHOULD BE ASHAMED. I HAVE VOTED MY 8M SHARES AGAINST RESOLUTION 3 (TO RE-ELECT MR TRAYNOR). I WOULD ENCOURAGE SHAREHOLDERS TO VOTE AND CONSIDER DOING THE SAME.
Apologies for my absence a little birdie gave me the potential heads up 2 days before the placing - regrettably it was my sell’s that dropped the sp in the run up, I didn’t say anything because I couldn’t be even 25% sure, but back in now with 2% (May take more) and feel blessed, while mindful to others less fortunate
I really think that the actions taken are for the best, and now give this worthless priced to fail £0.5 mil cap at least time and space to pull this together and allow the phoenix to rise from the ashes, MAST could well now prove to be the stock of 2024
Yes for good reason RF more or less in control, I’m personally very happy with that, buy or sell, ramp or deramp as you wish
GLA - DYOR
New TR1 holdings in company
Absolutely nothing to see hear!!!
Move along quietly please!!!!
You were warned about LC and took no notice. Still, no doubt he will start another business with end of the rainbow type rewards which you will pile into. Remember the pied piper, Goatzee is probably that same man.