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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.
Agree as will be v surprised if flowing and sales by August. But the last fund raise will keep the lights on till end of 24 and would be very surprised if we didn't have revenues incoming by then.
Plenty of news to come in Q2,3,4 will derisk and so raise the map.
This is the best time to be invested in AEX and at a very cheap price.
Not much we don't already know and no clangers to cause any concern. Steady as she goes it's great to see the focus on so much to come. Government and companies working together, what more could you ask for. All coming together.
Transformational year for the company that underpins the market cap.
You're joking there will be less demand for mask as as renewables expand. More and more battery storage and hydrogen generation coming online. The excess renewable power will be used for energy storage. Remember this isn't part of the green way, it burns gas. Hydrogen taking off and becoming cheaper and will be made with excess green power then utilized for when needed for the spikes.
Just take a look at the complicated funding p3rocess and you can clearly see this a typical LC and board mbrs lifestyle share.
A business that is governed by weather is not scalable and then when using fossils fuels has no future.
that concern me about Mast is that we have plenty of details about revenue generated but no figures for costs like gas, will have to wait for final results for that. But what concerns me more is the paragraph towards the end of the last RNS about lowering their expectations due to unexpected variables during the period under review. Basically Mast performance will be governed by the weather so a very shaky foundation for future business.
And the biggest put off for me is the Kibo factor.
I say let him post, brings plenty of amusement to me.
I ve done my research and v happy to be invested.
Not based my investment on share board warriors but company statements. It is Africa so time will slip., but this government want gas, for sure.
Wont be going anywhere tomorrow, certainly wont be getting a TR1 for the foreseeable, never with AP in charge.
Lots of debt coming up, diamonds will meet delay after delay, if they ever arrive.
Peeps need to read the RNs and stick to the wording instead of making it all up. Downwards from here until the next titillating piece of news.
Yes agree, sold a big chunk of my holding weeks back as no amount of good news and figures move the SP much.
Still hold a few as started from the 40s. Thinking it's in a good sector bit a bit unloved athe mo....
Its good to be reading post with some good info and insight.
A genuine questions to help me, I cant find anything in the company statements about this. So I keep reading posts stating that our drill will not start until Sirocco deal completed. . Pls can some one tell me why?
Thanks in advance