Expect news soon
http://proventureholdings.com/renewabale-energy.php
WHAT PLANET ARE YOU ON ??
Look who is behind the UK Special Purpose Vehicle, Srinivas Kona and Proventure Global.
The money is there!
Read the RNS again" Based on the latest assurances from Proventure, the MED Board remains cautiously optimistic that Proventure remains fully committed to and should be able to remedy the position within the remedial timeline".
This delay is down to Indian statutory clearances, if this deal happens we should see 2p minimum.
Another delay is disappointing but the fact its only three weeks and for a very specific reason tells me this is happening! The share price should now tick up slowly between now and 21 September, hopefully nudging 2p when the announcement comes.
KREAD I assume by shares held by Dormant Companies you are referring to the 3% held by Aurora Nominees Limited??
Its the nominee company of BNP Paribas, do you think it might be a nominees company they use for clients holding shares in crest?? or have you not got that far with your detective work? More of a Baldrick than a sherlock holmes?
@Kread are you for real:
"as i thought no reference from company with regards to dpr posted, that is why i couldn't find it."
Really such an esteemed research analyst??? :) :)
My text is a copy and paste from the company announcements, there is a challenge see if you can find it ??
Kread. I suspect you know this and are deliberately misrepresenting the facts to suit your own twisted agenda but if you read the annual report you will note:
The Company pre-qualified for two new Capacity Market contract auctions for Pyebridge The T-1 contract, which is scheduled to start on 01 October 2023, was secured at a clearing price of £60.00/kW/annum. The T-4 contract, which is scheduled to start on 01 October 2026, was secured at a clearing price of £63.00/kW/annum.
I am sure that as you are such talented research analysis you are already aware of the above, so why are you misrepresenting the facts here, please share?????
According to my calculations Kibo holds 54.18%, SEV holds 3.01%, PSCD Power 1 Ltd holds 7.49% and Care 1 Guernsey Ltd holds 7.49%. That leaves only 27.83% in free float. This one should fly when the good news comes at the end of August.
06:26 Interestingly at yesterday's AGM only 43,096,106 votes were cast in favour of the resolutions.
Given the last TR1 lodged by Kibo Mining (Cyprus) Limited declared a shareholding of 125,815,322, does this mean Kibo has disposed of 82m shares?
Assuming the JV does in deed proceed this could only be viewed as a positive by Mast Energy Plc Shareholders.
Well well well. An interesting outcome to the EGM.
Were there more "technical difficulties" with the voting on the Special Resolutions or contrary to what LC would have me believe he does not enjoy the full support of certain significant shareholders?
Honestly the lengths you have to go to get a resolution passed these days like driving the share price into the ground before issuing yourself 500m shares!!
IN THE NAME OF GOD MAN GO BEFORE ITS TOO LATE!!!
15:28 The results of Mast Energy are due soon and unlike Kibo where everything moves at a pace slower than a snail (and the only thing that increases is the equity due to the directors on conversion of a loan note) I am strangely optimistic about Mast.
1. Cashflow should be strong from Pyebridge.
2. Could this be the year that the plant on Liverpool Road, Bordesley is finally delivered?
3. I am hopeful the company has not drawn down the full "institutional investor" Loan in which case the equity dilution from warrants will be limited.
Well well what a week that was!!!
If that was the week that LC stabilised Kibo then I don't want to be around for the week he blows it up! He has had the opportunity to strike a deal with significant shareholders who were willing to put funding in instead he chose to talk at them and collude with sharks!