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Started: Desertsands, 20 Jun 2024 15:15
Last post: Desertsands, 20 Jun 2024 15:15
Https://www.lse.co.uk/rns/updated-corporate-restructuring-and-repositioning-s63ya54bbzxu2vh.html
Worth a read …. LC gone from the Kibo board (will ‘assist’);
Can we see the bounce
KREAD the assets will be worth what ever their generation capability’s are..
It’s been a while since we’ve had a full 12 month generation capability.
For your information also, the sun don’t shine at night and the wind doesn’t always blow.
These reserves are there for a reason.
Cheer up, your a bit of grump…
Kibo up over 100% but nothing here that,s the market games
Troajan 0.15 to buy no discount atm
Well their asset figures was a total shame at 8mil
Spending 4 mil to bring one of them upto spec.
They will be telling us 12 mil of assets once completed.
again from their own figures
24/25 less than 600k from pye ****, that is if the the wind doesn't blow much the sun doesn't shine much and stratcraft agree to a floor price which they may not.
about 100k net to mast.
Started: tvrandyshep, 13 Jun 2024 07:36
Last post: tvrandyshep, 13 Jun 2024 07:36
All going well with the pyebridge engine refurbishment.
Would be nice to see the annual minimum floor payment with Statkraft confined.
That would yield a guaranteed annual income from pyebridge of 750-800k j believe.
Market cap only 650k
Now let’s sort out financing of the other sites please!!
Good luck all..
Started: Desertsands, 12 Jun 2024 17:59
Last post: Desertsands, 12 Jun 2024 17:59
Might want to give it a read ……
Last post: DAVID.M, 10 Jun 2024 15:50
The only reason for this to bounce would be if investors believe the current price is too cheap. On the face of the net asset figure that Pieter Kruigel mentioned in an interview some months ago the current valuation does look very cheap, but the market is looking for sustainable revenue otherwise asset figures just erode.
The problem is the current news vacuum, the fact that we are waiting for news on Pyebridge, and the fact that while they talk about revenue at Pyebridge there is no indication as to the amount. Everything is just too nebulous for investors to be able to make a rational assessment, added to which the company likes to make their announcements as opaque as possible. Until that changes it's buying on hope rather than reason.
Back to the drawing board.lol..!!!!!!!!!!!!!!!!!!!!!!
0.145 already . and still no bottom
0.15.....could be the current bottom..imo
Nothing like a solid statement.........imo
Off the oversold?
0.15.....could be the current bottom..imo
Started: Ilovesushi, 7 Jun 2024 07:21
Last post: mannnan, 10 Jun 2024 13:16
Tombi1.......Ilovesushi
please continue
Lol , seriously
Tombi1
You friend Parsons has now become a director of Kibo. What do you think of that? How many companies did you own where he destroyed the company? Damn he should be a director here.
Give it a rest sushi no one wants to argue with you , go and enjoy the sun fgs
KIBO DOWN 50%.
Expect the same here guys. AVOID FOR GOD SAKE.
Started: Sharebel, 3 Jun 2024 13:32
Last post: opto1, 6 Jun 2024 15:55
That 9 million surely must be a sell...how many have got that amount to sell?
Great news! The replacement genset from PowerUp in Austria is on its way and will arrive on site soon. Preparations for the installation are well advanced and perfectly on track. The project is progressing smoothly, with the completion timeline and the commercial operations date remaining as scheduled.
Even better, the second advance allows for an expedited overhaul of the first genset. Once completed, this will lead to a significant increase in revenue from the Pyebridge site, and even sooner than anticipated.
Meanwhile, the site's other two gensets are fully operational, continuing to generate revenue through the PPA with Statkraft. Additionally, Pyebridge continues to receive steady income from its current Capacity Market contract with the government.
Exciting times ahead!
Spreadex down to zero..
Yes I was right about a red dot 🔴 coming through. Feel better now.
I take it you will not be buying then kread? 😂
Started: Sharebel, 5 Jun 2024 09:21
Last post: Sharebel, 5 Jun 2024 09:21
‘The necessary preparatory works on site to replace the existing genset with the refurbished unit are well advanced and on track. The expected timeline to completion of the work and commercial operations date of the refurbished genset as previously announced remains on schedule. 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.
In the meantime, the site's other two gensets remain operational and will continue to generate revenue via its PPA with Statkraft. Additionally, Pyebridge will also keep receiving its current Capacity Market contract income from the government.’
What’s not to like here? Entry for newbies and top ups is fantastic - MM are clearly milking this ATL SP and even on a technical bounce should see us spring into 30 -40 region comfortably pre imminent 6 week update as all on track timewise! Let’s go MM! IMHO DYOR
Started: DAVID.M, 3 Jun 2024 13:35
Last post: maidit308, 3 Jun 2024 13:57
He has done the same thing to KIBO and every stock he has ever IPO I have given him every chance to prove the Market wrong, but he has prove time and time again that he cannot be trusted with his time line on any deal apart from CLN, so i wouldn't say this price has settled yet'' one can only see it joining KIBO SP or close when it stops with more conversion to come and holding in CO selling big lumps getting what they can at our expense while us dogs wait to see a recovery at some point... bottom feeding that comes with a high level of risk DYOR where one could be left holding the baby..
From the RNS of May 23rd:
"Mast Energy Developments PLC, the UK-based multi-asset owner, developer and operator in the rapidly growing flexible power market, is pleased to announce that further to its RNS announcement of 7 May 2024, the 162,500,000 new MED ordinary shares of 0.1p (the "Subscription Shares") at a conversion price of 0.20p per share will be allotted to Mr. Pieter Krügel, a director of the Company (the "Conversion") tomorrow, 24 May 2024 and admitted to listing on the London Stock Exchange for which approval has been granted (the "Admission")."
It was intended that these shares would then be placed with investors via Novum Securities Limited at the 0.20p price. Given that the price was falling there can't have been too many enthusiastic investors. I haven't seen anything to state specifically that this has actually happened. If it hasn't I wonder where this leaves Peter Kruigel. If it has then we have even more unhappy investors with the price now well below the assumed placing price.
SOG- can dish it out but can't take it. Typical of self-centered posters.
Sog I wouldn't bother trying to help people from losing money ...just let them carry on ...no better way than learning is losing money...unless you are an addict...776k at 0.19 per share ...a few months back 776k was 0.25 that's a 25% drop ..
Oh dear SL100, has the penny just dropped that you have been turned over by ole Goatzee.
Should we believe every sentiment you express in your posts? It’s all a matter of opinion- you have an opinion that doesn’t matter any more than others on this BB.
Got it!!!
It makes me laugh when the rose tinted rampers believe everything that come out of Goatzee's and co's mouths in the form of a RNS.
I would guess that the directors are hoping that nobody will turn up today, thus saving themselves a load of awkward questions. It will be interesting to see if we actually get a statement other than the basic "all resolution have passed".
Started: Ilovesushi, 24 May 2024 16:43
Last post: Gunner68, 25 May 2024 10:01
Look at Sareum nearly killed the company off only the intervention of a raise by shareholders stopped this from happening if RF are involved you probably will have something good which they will want cheaply hence the continuous drop in sp
Good luck to those invested
20th May 26 million shares traded at the bell
23rd May 22.5 million shares.
That’s nearly 20% of the shares in issue. Yet no s.p action and know TR-1. Can anyone explain.
We know KIBO aren’t selling for 3 months.
With the remaining outstanding balance due under the Reprofiling Agreement will be £477,005 That must work out that another 500,000,000 shares or so must be issued? The companies like Global and Riverfort behind companies like this it is not surprising why we see a continuation of a death spiral. This will not be the end of share issues either. AVOID
Started: Desertsands, 23 May 2024 16:24
Last post: normbeef, 24 May 2024 12:59
Doesnt change the statement.. its a coin flip.. btw I am a holder .. so I hope it recovers..
Already sold fella.
Now just waiting on PI sellers on up's.
Excellent news last few months, the best the company has been able to provide for last 2-3 years.
Total shares in issue will be 426,354,067 so market cap is £874,000.
MCAP of 600K now .. its either going bust or its cheap as chips.. still Binary here
Hasn't he agreed to sell them though ? From RNS 7/5/24;
'Following admission of the Subscription Shares, Mr. Krügel has agreed to sell the Subscription Shares to new investors arranged by the Company's broker, Novum Securities Limited ("Novum") at the same price per share as the Conversion, being 0.20p (the "Placing"), for a gross consideration of £325,000.'
Last post: magmanus_49, 23 May 2024 14:02
Better to have the option than not. don't you think?
anyway MAST does not need that money is already grossly undervalued, in good way.
Now that's a word ...what it means to mast which they have not written in the RNS is..
.we have asked proventure to pay us the said amount of money ..they won't because that would mean they are guilty by law...and we have not got the money to take them to court...but this makes us look good saying they are obligated to give us the money ...they won't we won't take them to court ...lesson learnt
“The Default Penalties have formally been accepted by Proventure”
XXX(IF THEY PAY)XXX it will be a great boost the sp..
Under the provisions of this agreement and JVA deed of termination, Mast Energy is entitled to receive, and Proventure has an obligation to pay default penalties, amounting to GBP435,000. :)
Another great rns, mkt cap next to nothing.
build it. they getting it moving
good to see rev generation
and potential legal reimbursement of £.5m for causing delays to MAST.
"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.
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
Started: Mrinvestor55, 20 May 2024 10:45
Last post: magmanus_49, 20 May 2024 20:26
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.
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.
Started: tvrandyshep, 20 May 2024 19:39
Last post: tvrandyshep, 20 May 2024 19:39
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. ?????
Almost blue.
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.
Sinking here
Absolutely nothing to see hear!!!
Move along quietly please!!!!
30 May 2024
Started: Desertsands, 7 May 2024 07:10
Last post: SonofaGun, 7 May 2024 20:11
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.
I dont doubt that RF have their fingers in many pies and some of those Pies went badly.. But..
The one big difference I see here is that MED was already on its knees in terms of the MCAP prior to RF getting involved. The MCAP is already almost "nothing" and after todays SP placing and the full RF loan is now ~5 x the current value of the company !! .. the risk / reward ratio for RF is very bad indeed.. its a terrible deal for RF should PyeBridge fail
This is what leads me to thinking that with a glass half full that if MED could get PyeBridge going at full capacity then the current MCAP has to be incorrect. For RF to extract / make a return here then MED has to succeed because the NAV wont be enough to cover the loans or the interest.
I just dont see RF wanting to liquidate MED as i think they will lose..
They might take a big chunk of MED.. but only if it succeeds !!
I feel for you guys having gone through the RF turmoil with SAR for many months now ...
In brief with SAR when they took on the funding arrangements the SP was 103.5p .... at which point we picked up a number of doomsters spouting 'death spiral' and watch this plummet ... most of us considered their spouting to be complete BS .. to our detriment .. I now wish I had listened when they started their negative rants ...
Initially RF drip-fed into the market and the SP seemed to stabilise at 80p ... but once they started offloading in larger chunks the SP really started to collapse and in the end the LTHERS and HNWI came in and bailed out the SAR BOD from their naive or incompetent RF funding decision .. but by then the placing was at 10p which also reset RF's warrants from 143p to 10p and all future shares picked up from SAR at 10p also .... so they have made a killing on SAR and have just today requested over 1 Million warrants at 10p, originally 143p
I am completely dumbfounded how any Companies still consider RF as a funding option after seeing the companies they have destroyed prior to this educational lesson;
PS : At one point many thought that RF were attempting to decimate the SAR SP in order to take over the company with a funded loan for a few pence a share ..... all just speculation but stranger things have happened
So my advice would be to look back at the SAR BB from the days when PUMA was spouting DEATH SPIRAL and look at the trend from that point and make up your own minds on what next to do .. hold or sell etc
Good luck to all and apologies that you have become entangled with RF
Explains why the PS was held back low over the last 2 great RNSs
At least they have the funding now to progress to fair price.
Its business. happy days ahead, its oversold and under priced which is great to see.
plenty of scope of here now.
getting interesting now, was not much in , good things comes to those who wait. :)
I dont buy into the idea that Riverfort are the villans here.. clearly its the Management and companies like Riverfort take a large risk and finance dog companies like MED..
Ask yourself.. if you were asked to stump up £4M to run an almost bankrupt company with no liquid assets and a pile of debt what would you do ?
Who wants to end up trying to sell a load of old Gensets and wires..
Believe me I dont love Riverfort.. but I dont blame them either.. they will want a significant say in what happens.. they will also want their money back + change ASAP..
If MED survive and eventually dig their way out of this Mire then it was all worth it..
Like I say.. for me its still 50/50 win or lose gamble.. but if PyeBridge gets going full speed by the end of Q2 then MED has a punchers chance..
Started: Ilovesushi, 7 May 2024 12:02
Last post: tvrandyshep, 7 May 2024 12:54
Regarding the other sites they may be after a site specific agreement with similar terms to riverfort/pyebridge. As the true cost of the engines and infrastructure for the site will certainly run into the millions. They won’t be cheap.
The loan is being released in stages so interest charged is only on moneys owed, not the full 4 million.
This is already priced to fail with a mc of 0.5 million. There is know sugar coating it, it doesn’t look great for the likes of me and others invested here.
But one things for sure there will be many upward spikes in the future. Until some more positive news on electric generation from pyebridge and/progress from other sites.
Kibo to cease selling for 6 months and there reduction to around 20% is positive, if your clutching at straws.
Ilovesushi,
Most investors have negative feelings about Riverfort because they usually end up creating a downward spiral in the share price of the companies with which they are involved. What investors tend to ignore is that they are a business with their own needs to create a profit. For many companies I suspect they are a lender of last resort, as they couldn't do any better elsewhere. The reason for the downward spiral in share prices is that the companies involved don't perform, and so have no alternative.
I may be unfairly critical but the balance of the original loan, which has so far not been drawn down, is around £2.4M. If Bordersley is classified by MAST as "early construction", why aren't they doing anything to get it operational. Is it not possible to do more than one thing at a time. Is the problem the MAST management, or is the problem Riverfort. Given that the company's most urgent need is the maximum revenue at the earliest possible time, it seems strange that relatively little, in terms of their overall portfolio, seems to be on the radar. As interest will be accumulated from the start of any draw down, the company may have concluded that getting Pyebridge up and running gives them the best cash profile, rather than a development that will take 9-12 months to revenue.
The problem for investors, as ever, is that the company haven't provided sufficient specific information on their plans going forward.
"Why is the loan from Riverfort only being released in stages. Don't they trust the management"? Normal logic will say one thing but reality points to another. Riverfort seems to be a specialist in giving loans then converting those loans at lower and lower prices. This seems the essence of a downward spiral and this company no doubts makes money even though supposedly they do not short. In this case they are locked up for a time. Not sure what Rivfort is up to. What I do know most of what they get involved with is company`s that have a downward spiral. Yet they benefit. AVOID any company they are financing or hold shares in. I saw this one coming when the price was double this and I suggest it was a sell, and hinted at Riverfort doing a usual diluting everyone. This place is a cesspit. DO NOT AVERAGE DOWN IN A DEATH SPIRAL. YOU COULD LOSE ALL YOUR MONEY.
Started: Ilovesushi, 7 May 2024 07:53
Last post: Sharebel, 7 May 2024 09:52
It is a bit of a sh*t show right now effectively a ‘back door’ placing, more dilution, warrants oh and hello btw Kibo can you stop selling for a moment so we can sell our stock we have into the market thanks. Yet again it is the loyal shareholders who get the kicking. Nice work BOD! A completely devoid of common sense deal and approach here! IMHO DYOR
Agree with that, no comments from TV or Eg, perhaps looking for their rose tinted specs
Ha
Now that Riverfort is on this only one thing to expect. Steer clear of anything with Riverfort. They seem to get into companies that are on a downward spiral. Saw this coming.
Ilovesushi
Posted in: MAST
Posts: 3,551
Price: 0.50
Strong Sell
Fundraise any day now26 Apr 2024 10:58
Dilution cant be far away.
Started: kread, 6 May 2024 15:36
Last post: NineEighteen, 6 May 2024 21:40
🤨
Well none today, bet it will finish that way too.