RE: Mass Negative/ trolling - despite back to back great news4 May 2024 16:52
Mast will not get the investors you hope, they are a tin pot company. Their accounts are dismal. They rely on auction prices for a guaranteed income so no bank would touch that. They rely on the wind not blowing for income.
The only thing for sure you can rely on is the piggy wiggy snouts in the wages and administration trough.
If you was a bank what business model would mast tick to lend them money?
I said low 3's I reckon 3 to buy soon. They have already drawn down 450k @ 12% interest, they will draw another 500k to upgrade pyedie so 120k pa interest payments.
Riverfort will call in the loan soon after, sell the 8 mil assets for 1.5mil and walk away with a 500k profit.
All this within the next 6 months.
Last person out turn off the lights.