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I have got abit frustrated here at Helium but am still holding most of my cheaper shares as i believe it will come good medium term.
I have taken a few MAST shares again today though after reading their massive RNS, If i DOUBLE OR TREBLE my money there in the next week or so i will add a few more HE1 though for sure. Flexible power market is going to be huge for the next 15-20 years so pretty safe bet.
Although it has taken time we must give them credit for getting this over the line, it is a very good deal for MAST and also a very good deal for Pro Venture Holdings. Could we see our market cap treble in valuation very near term ? i think we actually could this time round and its a massive clue both parties are happy and confident in these projects having now agreed a second JV :-) Every chance of getting that re-rating to 3p levels here as anticipated.
From Pro-Active investor just out .
Mast Energy Developments rose 8% as it concluded a binding joint venture agreement with Proventure Holdings, an India-based renewable energy investments group.
Proventure has to make an initial interim payment of £2 million to the Joint Venture SPV by latest 10 November 2023..The revised completion date and the payment of the balance of the investment due of £3.9m is now expected by no later than 30 November 2023.
The JVA referred to above also commits both parties to finalise terms on a second joint venture, said flexible power group Mast. Pieter Krügel, Mast’s chief executive, said: commented: "We are delighted to have concluded the agreement with the replacement lead investor." Shares were up 0,09p to 1.18p.
This is the news we been waiting for, it has now concluded and the RNS clearly states that both parties are now commited to a second JV :-) so to clarify £2m due in before 10th November with a further £3.9m by 30th November. This has to re-rate as its just 12 trading days till the first payment lands !
Can see this back over 2p fairly quickly once the RNS has been digested - ITS HAPPENING
Some chunky buys coming in , with the JV announcement due anytime i would be suprised if this does not start heading back to fair value. Momentum starting to build and has a Feel like a coiled spring about it. JV is worth £8m to Mast against current £2.5m Market Cap....it will move fast IMO
Earl, we in for a very exciting period here IMO you are right that RNS could land anytime intraday as they clearly stated "mid october" which it will be on monday. Mast valuation should get an instant jump of 3 times its current level on that announcement ( Mast will get £8m as opposed to current £2.5m valuation ) . There is some clear and large short term gains on offer here and i would expect some serious market interest to start shortly.
Not often this type of opportunity arises these days :-) im adding
Interesting RNS here today, seems an over-reaction on what were expected results ,however this could go either way from here ,might be one to monitor for a while. Some of the management at ETP though do seem to have a decent record in the sector so dont rule out a recovery at some point.
Earl of Aim, Mast Energy is prepping for a big move IMO ,with the JV likely to be concluded next week i think you will see a tasty uptick into this weeks close. Good chance of trebling in value on that announcement.
Good chance they are director buys IMO
This is a rare opportunity and in my opinion those results are actually quite good when you factor in the aquisition costs ,this will bounce back and just looking at those huge buys a while ago they could be director purchases. Will be ripe for a T/O if the market keeps this under 65p for too long IMVHO
I estimate we are around half way through the placing churn now, we seem to have some strong support around the 0.50p mark which is encouraging and if H.A.A can time his announcement with the overhang clearing we may just be in business here :-)
I would be very suprised if it dropped below 0.50p with what,s coming IMO
DVH, interesting take on the GM :-) perhaps timed with end of the churn-fest imvho
The mm,s are trying hard to keep this in a stranglehold at moment IMO at least they not tried the old mass shakeout trick yet which is something i suppose . Keep the faith !
Tradedesk, you are absolutely correct and yes those figures are ourstanding , they are actually Tier 1 type revenues which is why we will see one heck of a re-rating on the Tula Kapi financial close RNS.
Must say all things appear to be lining up nicely with the banking reforms and recent statement of intent to reduce mining royalties from 7% to 5% , that could be worth a significant sum over the period of the mine life and creates even further attraction to the mining giants now entering the country.
Kefi will be in play shortly IMO , remember we have a current market cap under £30m but the TK project we are about to get going has forecast annual revenue of £100m+ . Our other assets are perhaps even better and very little if any of it is factored into the current market valuation.
We could have a new high net worth investor is my guess , of course the timing for them is fantastic ahead of the very near pending newsflow expected on the TK final sign off. We will be in play soon enough IMO
Yes nothing to see here lol :-)
Bear666, yes all those 0.65p or a tad under are buys,i had one just under myself ! nice to get such a gift this early to xmas :-)
Dvh, agree on that and i sense we are very close to actually seeing this happen now :-) once TK gets the final sign off there will be a whole host of options for the company that will open up on what are by any standards world class assets.
I even have some of these wrapped in an ISA now :-)
Dvh, it is likely to have a far higher initial spike but i think it will settle around 4p , by the end of today Kefi will be my biggest holding :-) as we saw yesterday it appears some big buy orders being "facilitated" once again within a false wider spread . The mm,s will be getting themselves ready for some major action shortly IMO