Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
And this....
Subject to issuing the notice to proceed and no external connectivity delays, commercial commissioning of the Rochdale site is expected during Q2 2022.
There is plenty more misleading reports if you care to look.
A short time after Mast floated they bought pyebridge as a going concern 9mw since then there has been nothing. So 9mw in over 2 years, I make that 66 yrs for 300mw. Amazing
This is a extract from over 2 yrs ago
MED expects to have circa 9 MW in production capacity imminently, circa 20 MW in production capacity within the first six months from listing, and another circa 20 MW in production capacity over the next six months.
Have they delivered, no.
Can't answer why, going on last years figures would you. They will get a good return, that's what Iam saying. A few will but most will not.
I cannot come up with a single reason why they would invest apart from self interest. Nobody has answered my question though. Would you based on the poor figures so far. Just a yes or no will suffice.
That sounds even more like a great deal 30mil to get us to 30mw. 300mw then needs 300mil, where do you envisage that money will come from. Also did mention 1mil from 30il investment = approx 3%, just had a thought that the 1 mil is gross so if the 1mil gross pa comes in at 300k net that a 1% return.
Do you really think a consortium of investors lead by a 1 man band who started a company yesterday is going to invest for a 1% return. There not are they. So its a money go round for a very limited amount of people.
I have already said I do not know why anyone would invest 31mil. It makes no sense, 31mil to get them to 30 mw, with a return of less than 1 mil pa just over 3% return. With all the risk, really doesn't add up.
So what figures have you got then that makes it worth investing 30 odd mil.
Did you agree or disagree with my last post?
Does anyone disagree with these figures and if they do pls give your calcs to help me understand what I have done wrong.
Gross profit for year end 22 was 260k from 9mw, so this funding is to take us to 30mw, letsbe generous with the 22 figures and say that 30mw is giving a gross profit of 1mil.
I await.......
Iam not a disrupter, nobody has a issue with the figures from end 22. You guys seem happy to support this on the 30mil investment, that is full of probable and maybes if you read it word for word. Seems like as someone said it a punt and not evens either.
Do some due diligence guys, why would someone put that money up other than a money go round.
I follow and invest in AIM and have been watching Mast for sometime with a view to taking a position especially with massive investment coming their way. But my due diligence doesn't come up with anything to justify investing medium term.
I am certainly not trying to disrupt as always looking for good entry points into AIM for the same reasons that has been mentioned.
What I would really like someone to answer is what are the figures people are using to show this is a good investment for me or other shareholders.
Or is everyone's thinking that if a 4mil company is getting a potential 30 mil investment from a company of 1 set up a couple of months ago then that's good enough for me? Basically no foundation or due dilligance.
Pls tell me that's not it.....otherwise put some meat on the bones and share why this is going to a great investment within the next few years.
I am waiting for a good reason to give it consideration pls help me and come up with more than mentioned above.
I was hoping someone can shine some light on why anyone would invest.
Without a good explanation, to me this is just another scam that will move money around between a few and never increase the value for. the shareholders.
The figures reported in the Y/E 22 do not warrant this investment so to me its a LC money go round
Not sure what the market cap has to do with it pls explain.
Gross profit for year end 22 was 260k from 9mw, so this funding is to take us to 30mw, letsbe generous with the 22 figures and say that 30mw is giving a gross profit of 1mil. That is of course a long way a way, years.
Gross profit before expenses. Not sure if the 90% loan payback is from Gross or net, so 100k left for Mast bottom line and about 5 bob if it's from net.
Am I missing something if so pls help.
Mast getting 10% of profit that we have no figure for and at full 24mw get less than 200k for maintenance per year, what will be leftover they have paid the maintenance contractor.
Just can't see the figures stacking up until the loan paid back. Pls advise
You need to turn it around to how long will it take to payback and until then Mast will not be making any serious money on their bottom line. The money will be absorbed by lifestyle directors wages and fees.
Just read through the joint venture agreement.
Have you read this
· The Institutional Investor will receive a preferential entitlement to 90% of the profit of the JV until the investment provided has been recovered in full, at which point any distribution of profits will return to the equity split.
So how long will it be before Mast make proper money?
Have been watching this but very wary becuase of the LC connection. Read the link for Masts investor:
https://suite.endole.co.uk/insight/company/14633758-seira-capital-limited
Uhm not a big investment company, only set up in Feb with a total staff of 1.