RE: #Strong Buy22 Aug 2022 14:13
This tells me all I need to know thank you Laguna.
Financial results (includes the consolidated results of MAST Energy Developments Plc)
· Total revenues £3,245 (2020: £ nil);
· Operating loss £24,071,363 (2020: £6,473,547 loss);
· Loss after tax for the year ended December 2021 £23,015,857 (December 2020: £6,142,932 loss) includes:
§ £891,375 loss from the consolidated results of Katoro Gold Plc ("Katoro"), which is separately funded;
§ £1,079,083 loss from the consolidated results of Mast Energy Developments Plc ("MED"), which is separately funded;
§ £20,705,209 impairment loss on Mbeya Coal to Power and Mabesekwa Coal to Power projects as a result of the continuing global shift to move toward renewable energy and disregard fossil fuel assets, coupled with the Group's execution of its renewable energy strategy during the 2021 financial period;