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Whoever is selling these levels has to be incurring crazy losses - yes granted no updates so boredom and doubts setting in -
But so far as Riverfort Global financing are aware the following arrangement is still firmly in place
Mast Energy Developments Plc
Updated: Feb 29
Mast Energy Developments PLC has secured a funding agreement with RiverFort Global Capital for an ‘initial facility of up to £4,000,000’. This agreement establishes RiverFort as a strategic funding partner for Mast Energy Developments (MED). The funding will support the development and construction of MED's current 30MW asset portfolio and new acquisitions, aiming to expand its portfolio to 300MW in the flexible power market.
https://www.riverfort.com/post/mast-energy-developments-plc
So an initial £4 million without dilution - current assets £8 mil - current mcap cap sub £800k !
All a bit quiet for me, they were constantly updating while the JV was on, and now they’ve secured 100% reliable funding worth 5 x the current mcap absolute silence, so don’t be surprised if the next update confirms pro-adventure are back on board (or another institution)!and have already made the required down payment
Be half ok if you could even spell AimInvesting - but unfortunately I’ll just have to dismiss you as an idiot
Yes I do lean to agree with Kevers optimism - there is no current reason to believe we arnt 99% ready to do a HE1 transformation - the market just needs to know the finance or JV is definitely there - the Rig would appear to know this already
Ive got decent skin in this around 1% so don’t take this as a negative
DYOR
Kibo would surely sell in blocks ? looks to me like just easter bunny sellers needing cash at any cost - nearly everything on AIM getting sold down last few days, some absolute bargain buys out there now MAST probably the best pick from 100's
The Rig operator will need to know with absolute cast iron certainty that TRP has funding or a JV in place now, if it is to turn down other job offers between April and August, which we can only presume it is unless RNS otherwise
This is real business, not fantasy and wishful thinking - no half smart operator worth its salt would be holding out for anything based on word and goodwill
So based on the only information we have the finance or JV has to be in place now and TRP will have confirm this imminently, or tell us they’ve screwed up once again
Yes has to be updates shortly on Pyebridge (or another JV) - this stock quite remarkable considering the market cap less than £1 mil yet they’ve managed to raise £4 million without any dilution to move things forward - got to be the first ever on AIM - saying that it’s actually a main market listing that was £20 mil value only a few years back
The placing will have been arranged before the official result of the Tesla result as it was clearly known in advance - todays closing retail offer will be massively oversubscribed
This stock is now very investable going forward
Your TR1 seller Jason Cropper has quite an illustrious past being the man who once acquired chunks up to 16% of PYC around 2014 / 15 time forcing the SP up over 150% in a few trading days to 16p and massive volume - then subsequently quickly selling either because he couldn’t buy more stock or simply took good profit causing the SP to tank back down to 8 or 9p and having everyone’s pants well and truly pulled down
Obviously successful for him that time, but not so this time having his pants well and truly pulled down in return - what goes around comes around !
Interesting stock and potential - I think I’ll grab some next week 😊
Yes the detailing and communication is so vague this time compared to the pro adventure farce where they were constantly providing hopeful updates keeping the SP and volumes much higher.
But this time no attempt so far to do anything which ought to be very frustrating to Kibo (if they still want to sell) let alone private PI’s, which is the reason I suspect there could be another JV deal in the wings, with Riverfort just used as a Merchant bank stop gap to help MAST call its bluff
It could be the other institutional investor mentioned in last years pro adventure updates, and the longer the silence continues the more I think this likely
Either way it’s all positive, the bottom line is something positive is going to happen very soon, either MAST going into production alone, or about to announce they are giving up a large percentage to another JV for a free ride
DYOR
Yes David - can only agree, management as bad as 99% of all other AIM stocks - the pro adventure was embarrassing, so much so I sold at small profit around 75p, but I always suspected that they were playing for time since last November which is most likely when the Riverfort negotiations began and they were in effect playing each side off one another and wouldn’t be surprised if another much better JV just suddenly pops up out of the blue to cancel out the Riverfort deal and loan
There’s loads of foreign and offshore capital desperate for opportunities like this to milk the UK free for all energy system and consumers dry unfortunately - and this one with what’s already in place and the absolute government demand to cover our vulnerabilities at least to 300 MW a year makes this a carpet baggers dream for offshore funds and investors
This is the Uk everything is for sale and to be exploited by the rest of the world !
DYOR
So they had to most definitely show proof of firm asset level financing offers to Cameroon in order to have the licence extension granted, probably because other more capable operators sniffing.
So can and should still be just a case of selecting the best and most viable deal imminent
8th February Licence update said -
"We remain confident in finalising asset-level financing for the well, for which this extension was a critical condition precedent. However, we cannot comment further on the commercial discussions in progress until firm agreements are reached"
Hmmm - come on JA we are waiting
Up to £4 million initial strategic non dilutive funding from Riverfort Global Funding for Mast energy to monetise its £8 million portfolio of 5 flexible energy sites, further funding as required to acquire and expand further sites to produce up to a target 300MW of Uk power production https://www.riverfort.com/post/mast-energy-developments-plc
Initially Pyebridge 9MW site expected to be up and running / cash flow generative by mid April targeting up to £1 million net profit per annum
4 other Mast UK sites with a total 18.8 MW capacity ready be monetised in the same manner utilising the Riverfort facility - so a potential near term target of £3 million per annum net profit, should be achievable, and a mid to longer term expansion target potential up to 10 x this
Reliable home based Flexible energy supply is now a critical future government policy, due to the Ukraine war, plus other instabilities caused by Brexit and most importantly costs - why import when you can home produce for less
At just £1 million mcap MAST has to be one of the bargain basement investment opportunities of the century
The information here for those actually bothered to research https://med.energy/wp-content/uploads/2023/05/MED-Corp-Pres-Q1_Final.pdf
Kread not sure if you understand business ? but if a company cannot do it alone all lenders / partners coming in are of last resort, unless they are definitely coming in for absolutely no financial gain !
Riverfort https://www.riverfort.com/ currently support over 150 businesses with over £1.5 billion of funding, 12% per annum is pretty much the same as you would get at any business bank so why is this a problem, rather than colossal dilution ?
So I ask once again - which deal do you think is best ?
Not sure sharebel - L2 and SP action has all the indicators JBER / BEGO have been dumping a sell order for at least the 3 to 4 days as have never once been near to the Bid - but on the other hand as you rightly say it’s impossible to buy the dips with any value above £250 in most cases, which suggests there’s a buyer for the sells
I wasn’t holding when the stock was 0.30 / 0.35p before the update, were there any chunky sells at that time that could have been a short position opening that’s now desperate to close ?
Ah yes thankyou Kread 74.9% interest and 90% of any potential profits to pr-adventure, so while this deal was on the table with an almost certainty of zero profits ever to MAST, the market valued this up to 1.75p and over 3 million market cap.
So with this in mind which deal do you think is best ?
btw - Past management actions with hindsight are now more or less irrelevant because the facts have changed, and I'm sure your aware this fact applies to 99% of all other AIM stocks in most cases valued at least 10 to 20 x the MAST current mcap
Cheers EGTP
There will be loads of buyers waiting on the side lines and just watching that this level holds, once they satisfied there'll suddenly be loads of buys and blue sky. Yes total current disparity with mcap and actual cash and assets, but AIM doesn't think like main market its a gamblers paradise based solely on sentiment and momentum - no stocks go and up and down in straight lines
Hope this helps