Previous posts13 Apr 2021 11:01
I just wanted to highlight a couple of great posts re mast by jdawg he posted previously.
“The current pipeline stock of sites that MED currently have access to is:
9 MW Project
5 MW Bordersley
40 MW (2 by 20 MW) in negotiation Under Cover of Heads of Terms
6 MW Option/Lease Agreement secured
11 MW Under negotiation and to be confirmed on successful listing
Phase 1 Pipeline Total 71 MW
Pipeline; - Further Phases
As mentioned before, MED interfaces with developers at all levels of site development and the following sites are currently under review as part of MED Business Development plans:
3 by 6 MW RP Shovel ready sites;
1 by 50 MW RP site; and
6 by 50 MW RP sites in varying stages of development.”
Given the above (from Section 3 in the Prospectus) and potential news streams with Battery Storage from ESS this should be a home run for Kibo Shareholders, as someone said below, given other Energy Companies recently, this should go gangbusters when it lists…
https://med.energy/wp-content/uploads/2021/03/MAST-prospectus-IPO.pdf
Full disclosure is contained in the attached link, there is no hiding places here, it’s very detailed!
The Net Placing Proceeds of £4,745,000, being the £5,540,000 Gross Placing Proceeds less the £795,000 Cash-Settled Transaction
Costs, will be used to fund:
• capital expenditure to further develop the Bordersley Project under a joint development agreement with AB Impianti S.R.L,
including constructure of the reserve power plant and infastructure required for the site to be operational - £1,140,000;
• Project 2 (9MW in Alferton Derbyshire) cash acquisition costs, including cash consideration, associated costs and expenses
for the acquisition if and when binding terms are entered into - £1,500,000;
• Project 3 (6MW in West Midlands) cash acquisition costs, including cash consideration, associated costs and expenses for
the acquisition if and when binding terms are entered into - £180,000; and
• operating costs of the Group - £1,925,000
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