RE: RE MED IPO next week10 Apr 2021 12:41
The market cap valuation is not based purely on the money raised. Mast already have a production ready site which will begin to generate cash once the ipo is completed.
From the mast website project 2
This site, which due to contractual conditions precedents may not be identified pre – IPO, is a production – ready site which will enter production immediately once the IPO is completed. This site will add 9MW installed capacity reserve power to the MED stable. This site will create an opportunity to for accelerated commissioning of the Bordesley reserve power project
POWER GENERATION READY
Freehold site with established infrastructure including 9 MW grid export connection and several world-renowned OEM operating units in situ and live
Permitting in place, G59 commissioned and live, Gas kiosk commissioned and live