Member Info for PuzzledPete

A take-over ? Must disagree with you Pete. It would be a distress rescue. What is there to acquire ? Apart from unfinished Bordersley (has taken 7 years from acquisition) and Pyebridge (still owing £2 million ) and Hindlip (unfinished and 75% owned by Powertree) there are only a few 'sites' , which are passed around like parcels among chancers in the industry. As I've shown, Mast will get no income in the next few years sufficient to pay off its current debts so would have to be subsidised by any new owner. What else ? A management that has an abysmal track record of delivery and an record of total financial incompetence. And a record of at least six 'development partners' since listing in 2021, all of whom have faded away - obviously after taking a look

No one would want it. And if they wanted those three potentially working sites, they would sit back and wait to buy them for peanuts out of Mast's bankruptcy.

Amazing, astonishing, and unbelievable there are still people on here who haven't hoisted in Mast's dire finances. It's been clearly set out, based on nothing but Mast;s own published results, balance sheets, info about eg Hindlip funding, and failure to follow through on its forecasts of 'progress,' that it cannot achieve its aims or survive bankruptcy on the business structure it has - none of which will deliver the cash it needs. It's all been explained. Its in the maths. Its not a 'basher's' fantasy.

The only thing would rescue Mast is a massive cash raise at the Mast plc level. NOT at the level of the plant Special Purpose Vehicles which would mean their funders take practically all the cash generated for at least the first eight years, during when Mast itself is bound to go bust.

To stop that the only option for Mast is another significant cash raise which would decimate shareholders even more than the warrants have. The rampers don't even understand that on merely the existing 171million shares, the value to them of any profits that leaks through from the plants will be so small per share that there is no chance of a share price much better than now even in 4-5 years time. And with the necessary cash Mast will have to raise to avoid its present insolvency and the resulting extra shares the value per share will be another fraction even of what it would be at the moment.

It is only people who don't understand shares and how they work, let alone understand how companies work, who would believe the shares can rise much from here and stay there.

Its all very sad really - just an extension of the ignorance that spiked the shares to their absurd level a few months ago. That spike of ignorance still hasn't fully deflated and a further sickening slump is still to come - probably when the 2025 results are announced together with an auditor's warning.

On tiny volume. Lemmings don't understand that Walter Mitty DOESN'T HAVE THE FUNDS FOR HIS FANTASY DREAMS. So- called 'non-dilultive funding( if it comes) will dilute by outsiders at the project SPV stage - just like Hindlip from which Mast gets practically no income to repay its debts. They don't understand that MAST (whose shares they ramp) can go bust - while the SPV's (whose shares they don't own) can sail on under the ownership of outsiders, while they look on over the fence. Sad level of ignorance !

"A good sign for honest shareholders"

?

'Honest' isn't usually equated with 'stupid'. But I suppose there is always an exception to the rule.

I note the following -

" operates" a diversified portfolio of flexible generation power assets that contribute to grid stability and reserve power supply. These include Pyebridge (8.1 MW) in Derbyshire, Bordesley (5 MW) in Birmingham, Hindlip (7.5 MW) in Worcestershire, and Stather (2.4 MW) in Lincolnshire

Err ! Only 5.4MW is actually 'operating' at the moment and will not be added to before Q2 with Hindlip's 7.5MW. The rest don't have any funding.

And guess when this RNS was issued

"The recent listing of the Company’s now 55.42% subsidiary MED Plc on the London Stock Exchange on 14 April

2021 where it raised £5.4m as part of an IPO, will enable it to accelerate development and commissioning of its

existing flexible power sites and allow acquisition of additional sites. MED’s target is to assemble a portfolio of well located

flexible power sites in the UK, commencing with c. 50 MW in year one and building up to a portfolio of up to 300 MW of flexible power generating capacity over the next few years."

If you want more laughs, listen to the 'podcast'

Nope Mr Zen. We'll be around when (soon) Mast is toast, and probably you with it.

Because we've done the sums which you obviously haven't.

We keep saying so because some readers here have been grateful to have saved a fortune, and maybe others will still be.

How about a sweepstake as to who will be the last to 'average down' to nought. My bet is on Scouse

It will be either one / some / or all of the below - A prize to whoever gets the ones that actually get announced

1) 'record high elect sales in Dec / Jan ('forgetting' to add that elect prices have risen across the board - and that gas prices have as well - and that what counts is net profit around 28% of sales - and that it all goes to Pyebridge in any case and not to Mast - and that it has had two gens operating against one in the comparable period)

2) Mast has lots of cash ('forgetting' to add that it will only be by counting any surplus cash Pyebridge has before paying its gas bill) and omitting to mention the larger £millions it still owes

3) Another stupendous collaboration (with another start-up which also has no cash and no contracts)

4) PK has skidaddled back to Seth Efrika from where he and Coetzee of Kibo infamy brought their dodgy wheezes

5) PK vows to be more open, honest, transparent with ALL financial info needed by a switched on analyst / investor

6) A cash raise at 2p from the few mugs still left to be scraped from the bottom of the LSE bucket shop barrels

Another prize for anyone with something I've left out.

NO Mr InvestER. You THINK Mast is undervalued. Sensible investors take the trouble to find out whether it is. Your comments (and of your ramping chums) show your st----ity, and intellectual idleness. You deserve to lose

"Return to the top" ? Do explain

It's PK whos been attacking shareholders you i---t. Who else in the history of the stock market has, out of desperation resulting from his own incompetence, had to accept a deal that loses them 97% of their investment in return for £12.6 million worth only 3p per share, while giving some £30-£40m to the five clients of a dodgy foreign PR outfit. Your fantasy 'trolls' on the other hand have saved those who would listen from losing practically all.

So kindly get your facts, and your brainwork, right.

As for charts you obviously haven't a clue how they work or don't work.

Err ! 'Hundreds on millions' ?

Where ? Where ? Lead us to it.

'Facts' we know Mr Invester et al, or can closely guess. List of plants QDE has in hand. Their likely cost (based on historic data from Mast and the industry) Any dates PK has 'opined' they might come on stream. Whether anything spent on them so far (always spouted by PK if so) Close guess (as in detail on here based on Masts own numbers) as to current financial position including short term debts and lack of cash for investment. Cash produced by plants once up and running and available to be paid tp Mast, and when, which for foreseeable future will not be enough to meet Mast's overheads.

There is no news on funding for any of the above except Hindllip, and not even for Pyebridge's 3rd generator. No news either on solid contracts from the 'collaborations' recently announced. And not likely because they are not in a position to find funds for Mast, but only to find 'potential' funders who will do their own due diligence on Mast. That due diligence has not, apparently, spurred either Powertree or Riverfort to put up any more funds.

Add up everything, and unlikely there will be any solid news of income to add to the limited amount from Pyebridge and Hindlip for at least the first half of the current year and probably not for the second. In fact there is nothing in view which even if there was will take a year or two to bear fruit.

Do you need your hand held any more ?

Unfortunately the 'information' PK 'regularly' gives investors never includes the vital details they need to know.

It only gives misleading and irrelevant headlines to bamboozle the sort of inexperienced on here, who don't know what they need to know. It has been his hallmark ever since the 2021 prospectus.

Anyone just out of kindergarten can forecast Mast's medium term future. Its not rocket science. Seems those tens of thousands of investors who've been selling have done. It only needs a bit of maths: A slight knowledge of company accounting (anyone invested in a company who hasn't bothered to learn it is obviously a cretinously moronic and idiotic fool): and the intelligence to get off his backside and read through his company's reports, will have done it already.

And you ? - Invester, NoCanDo, NeverquiteMaidit, Liverpool, etc etc .

Its been explained on here in detail based on Mast's own reports why it will keep making a loss. The generators are separate and will have to pay off their borrowings before being able to pay anything to Mast. Meanwhile Mast has overheads in excess of £500,000 pa. You are invested in Mast. Not in the generators. Mast can go bust without affecting the generators. But they'll be of no use to you

So what do you think Mast lost at the half-way stage Mr Invester ? (which included a 'consolidated' figure' i- ie including Pyebridge BEFOR E it paid off part of the £2 million it still owes to Riverfort. ) You do understand that means Mast will have lost a large amount of cash for the year - , don't you

You're the clown Invester. Enron failed for the same reason as is Mast. And failing companies almost always signal the fact beforehand through a steadily falling share price. Notice any resemblence ?

All the info to work out income and profit for Mast, Pyebridge, and Hindlip for the next two years at least has been published here and there by Mast itself. You just have t look for it and use intelligence to do the calculations. They show how dire is Mast's situation. It will only change if Mast finds the funds to get Bordersley working - and the others its acquired speculatively. But it won't without diluting shareholders even more disastrously than already.

If Mast were to '5 bag' from here its market cap would be £34million - for a company with assets no more than £2million (1p per share, no net cash, and lossmaking for the next two years at least, and very little thereafter.) Once again 'Do wake up' whoever thinks it's worth continually 'topping up. Rather than 5-bagging. its more likely to be debagged.

Er !! What cash in the balance sheet please ? Mast has only raised just short of £4 million from all the warrants so far - just enough to clear its net debt at endJune, but not enough to offset the 2nd half loss or to spend anything on new plants. Why do you suppose there's no news on progressing Bordersley ? Do wake up.