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Just a few buys Rick - due to very little liquidity, be a good few caught out once the expected positive update lands, could easily spike 200% to 400% from these levels

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

Hmmmm - and Dan Johnson is ?

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 😊

🤷‍♂️ May only want to sell above 0.50 ?

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

Yes those are the facts Magmanus - as ever any investment is subject to risk but for mcap and potential v risk this is one of the best bargain basement opportunities on AIM

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

Market just needs a new plan - will be soon and could well be next Monday the way they were talking