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Don’t know whether folk realise - this is a main market stock that was £20 mil mcap only 2 years ago - no dilution since then and current assets worth £8 mil before any other considerations
Cheap as chips !
DYOR
Gordon my Love you might want to read the following most recent Holdings RNS
https://www.lse.co.uk/rns/MAST/holdings-in-company-ljvn26z7l1lnj8w.html
https://www.lse.co.uk/rns/MAST/tr-1-standard-form-notification-of-major-holdings-5kassmakz2ye0b7.html
https://www.lse.co.uk/rns/MAST/tr-1-standard-form-notification-of-major-holdings-lrosn1wsft4nihu.html
These were all sold when the SP was around 0.60p - they are selling again now, may not sell all their full remaining 31% but will be selling at least some
Yes it’s kibo 100% - can tell by the price action - they are virtually bankrupt and desperate for the cash, the TR1s will appear shortly - anyone buying kibo because of MAST will have their pants well and truly pulled down
Yes 0.6 to 0.65 kilos price range - daft if they just held off to let the SP rise higher there would be even better volume - either way they should clear today with this volume then the proper rise can begin !
Boom That’ll do for starters !
Need to do more research to comment further, but it seems they are already entertaining alternate financing offers / partners (to Riverfort ) for the future projects I always said there would be plenty of other offers, this industry is a carpet baggers paradise
Yes ditto for exactly the same reasons David, though as I say nothing surprises me anymore in this game.
What beats me is the fact the SP was around 1.65p on anticipation on the pro adventure deal closing that was giving 75% of the business to them and 90% of the profits
They now have a non dilutive strategic funding partner that has the capacity to deliver the same level of funding as pro and just want 11% interest per annum repayments and no stake in the business or profits and the SP is sub 0.30p !
Yes that’s you weren’t in from the IPO, though appreciate many will be - hopefully good times just round the corner
How long have you been holding David - have you been in since the IPO ?
Yes the intents all great from the start but the pro adventure chapter total farce - in theory they should now be suing them for compensation and all the wasted time - but I somehow feel this will not even start to happen and wouldn’t be surprised if they re-emerged having made the £5.9 mil down payment - or another alternate JV suddenly appears with the Riverfort deal getting cancelled
All fun and games here - so long as your not a PI !
Have good weekend all 😊
Yes agree david communication poor but this is a main market stock - so the usual rampy AIM updates won’t be acceptable as heavily regulated, plus if they didn’t have at least £6 to £8 million worth of assets there’s absolutely no chance they would have secured £4 million of merchant funding from Riverfort
Either way definitely top up prices like buying £1 coins for 5p at these lows, I’ve taken more over the last 2 days 1.5% for me now
£650k mcap - 30MW Uk asset portfolio worth £8 mil ready to get moving in a very lucrative captive market, with the initial 4 mil non dilutive funding ring fenced, if there’s a better offer out there been worked on (hence the silence) all well and good, but based on what we know there’s no current reason to expect any failures, April was and still is the target month for updates, so I feel sure MAST will shortly update us when intended specifics have actually been achieved (rather than what they wish) that’s unfortunately how main market operates
DYOR