Member Info for kread

And me, lower than a limbo champ pls.

What a ridiculous statement, mms could drop the price to get a market.

Those are so not the facts, you really need to carryout some research.

Last offtake auctions mast announced 600k possible income from pye in the sky, that's gross, mast have stated they work on 20% net.

Stop all the garbage 1mil profit pa from pye in the sky.

Do you really believe management have the ability to grow to 300 mw, not a chance.

Ha ha love it, should be more than employable by this lot then.

I have some of that 50k pa all you need to do is burn through 15 mil and say words like shovel ready, massive uplift and blue chip.

Agree goatzee a problem but can't trust any of them.

Blown 15mil, nothing to show.

Reaching with that one. Government promoting new gas generation but not didly squat few mega watts here and there. Mast only a few months ago telling us about a 300mw portfolio up and coming.

Then put their only producing asset into c &m.

Reaching with that one. Government promoting new gas generation but not didly squat few mega watts here and there. Mast only a few months ago telling us about a 300mw portfolio up and coming.

Then put their only producing asset into c &m.

From producing.

Can't go into production without a licence and in Tanzania that is a long process probably over a year.

So a massive gamble, EWT and how they pay for it, EWT results, could be plug & abandon, if good results at minimum a year for production license.

Agree with today's post

, HE1 has so far to prob a couple of years, from historic evidence in tanzania. It takes a lot of time to draw up and agree development and production agreements in tanzania. So he1 still a long way to go.

I state these facts as a investor in aex who I have witnessed dealing with the hurdles and delays of dealing with the tanzinia government.

It will be a long journey for he1, the same journey we have trodden.

So posters agree the last couple of loans were crap. But mast was happy and shouting from the roof tops about what a great deal it was.

So your not happy with their deal they promote and still trust them.

You really need to be careful, suddenly promoting a company that was promoting a deal you thought was crazy.

Just shows the caliber of the directors running the show.

There we go again, you could be from Mast with the ready to be monetized lingo, tell me about the shovel ready sites. If I remember the rns. Still looking for the shovel.

Perhaps the directors should have gone to specsavers.

No matter how you dress it up mast run by a lot of people enjoying a nice lifestyle whilst producing nothing. That won't change it doesn't need to for them.

15mil spent 8 mil assets in just over 2 years ha

No facts have changed the management have failed, that hasn't changed.

They have ended up with last port of call lenders Riverfort.

If this was such a great business in the making commercial loans would be easy to find.

But Mast are a company that is run buy lifestyle directors with a abysmal track record and would need a forensic scientist to work out the structure.

That's why the last deals didn't come to fruition, they couldn't tie it in a legal way that would protect them and rid shareholders of value.

It was 90% of profit mast was signing up to, desperate but mast hoping that banding around figures of 30mil investment and their journey to 300mw would stir the market.

It's not just the loan you need to be looking at it's alos the management ability, which to date does not show any achievements.

Instead of keeping focused on their headline grabbing figures and statements which is the one thing are good at, look at the historical figures and then on top of that you have to hope it's not a windy year as well.

Same old rehashed tripe.

Aug 21 mast announce purchase of Pye in the sky, take a read, tells you all about transformational, immediate income, cash positive, and all the shovel ready projects.

2 1/2 yes later Pye in the sky on C&M and the company burned through 15 mil. So 15mil gets you 8mil of non producing assets. You couldn't make it up, oh yes you can, Mast did it.

You do not know the efficiency. You do not know the future demand.

Don't you mean We do not know........

So pointing out the management's inability to meet their goals is not constructive. You want posters on here that are wearing rose tinted specs.

If you want to put money into a company you should look at the good and the bad, ideally.

Not interested in company podcasts, they are bot truthful or balanced.

I make my decisions on goals and achievements set out by the motley crew of director's.. These amout to a lot of goals on Ipo, 15mil company, a couple of years laterthe motley crew have achieved nothing, now a 1 mill company desperate to stay afloat.

Forget the asset value, when mast folds the machinery and leases will be sold at auction for less than the administration costs.

Not sure how mast intend to turn over 1mil from Pye in the sky there last auction statement was only 600k pa and that is not net, their own admission is 20%net so 60k pa from pye in the sky. That's as long as we don't get another windy year like before.

The Site's new T-1 CM contract has a revenue value of c. £308k per annum and its new T-4 CM contract has a revenue value of c. £324k per annum (the latter up from the previous T-4 contract's c. £60k per annum). Both contract values will increase the Site's revenue profile accordingly.

No doubt we will have a few of these spins from early 23

"MED has a very exciting year ahead, being well established and positioned to fast-track production and growth. We look forward to updating investors with further key developments during the year ahead."

Gotta do something to keep the salaries coming.

Agree about the old offer taking 90% was rubbish. This loan no better, how far will 4 mill get them. A lot off consultation fees, wages and maybe pyebridge up and running. That no different to a year ago when pyebridge was generating extraordinary amounts of money according to mast, remember all those auctions that keep shouting about.

Now they have a loan at 12% they will not be able service and will be paid down in shares. It's a typical Riverfort and McGuire last resort loan.

The directors and admin a swallowing 300k pa + 400k interest so the 1mil mast state they will get from pyebridge nearly gone.

Pye in the sky stuff.