Member Info for PuzzledPete

Re NPV's. Remember an NPV is not a guide to what to pay for an investment. In practice its about 3- 4times a sensible price, depending on other factors like length of the project and discount rate used. 'Analysts' use it because its there (for a different purpose) and they're too idle to calculate what will determine a mining co's share price.

Share price now 5 times assets per warrant share's admitted so far , and 40 times assets per share when all pre-paids admitted. (ie fully diluted as will be shown in next Report and Accounts)

Someone tell me there isn't a scam going on - especially when Mast will be lossmaking this year and next and probably also in 2028

Ukfinancepulse has been flagged by Scamadviser as aprobable scam site. LooKs like this absurd punmp is the only thing Fairfax Parners PR can do to justify the £2m fee paid them by Mast !

What's more to the deal is that £6m is spread over 15 years, and about £5m is needed to buy new plant which Mast hasn't got.

ScamAdviser says "We checked ukfinancepulse.com and we are unsure if the website is legit." I think the same for the other two - their web sites look suspicious, as do their self-desriptions.

If these turn out to be the same as puffed Met1 a few months ago, we can be sure the 'articles' have been placed by Fairfax Partners, the Canadian PR firm who Mast has paid an eyewatering £2m to 'spread the word" !! Thats 20 times a UK PR firm would charge. It was Fairfax's close associate who 'sourced' the 5 Canadian investors at Met1 who subscibed £5m fot their pre-paid warrants. Mast hasn't disclosed who its subscrbers were - but probably the same. The whole thing stinks to High Heaven, but is in-line with the economies with the truth that Krugel has been guilkty of the whole time since Mast's 2021 listing, which he probably learned at the feet of his mentor, Loise Coetzee at Kibo, who while keeping his gravy train going for 12 years, lost hisinvestors at least £70m.

Didn't see the planted press articles on Met1 puffing it beyond reality. Similar now re Mast. Do these names ring any bells ? TimesTribune, and MorningHerald ? Each pubilshed outrageously misleading puffs a day ago. Would be grateful for any pointers to similar for Met1. Thanks

TimesTribune and MorningHerald ! No details can be found of their ownership and never been heard of before now. Their self-descriptions look almost exactly the same. No names behind Moning Herald 'article, and Dylan Hudson of TimesTribune claims to be on LinkedIn - but no sign of him ! Only similar is in obscure part of US. The articles are just the sort that draw in excitable, naive, newbies ignorant of financial realities.

Thanks. I'll follow that up.Never heard of Times Tribune and 'contact' is spurious Its a digraceful fraudulent inducement to invest. No backgrond or financial analysis or information at all. Volume has been v low and no doubt buys are just the few taken in by Mr Dylan Hudson. I'm sure the FCA will take an intertest

Can you say what they are ? Are they specifically pumping Mast ? Thanks

More like Bob's yer auntie these days

Wild Swimmer. The biggest chart charlatan of all - Zak Mir - shows he never knows anything about the shares he mumbles his jumbo about. He's not bright enough to realise that big changes in issued shares (and dependence on news) renders even the basic ratioanle for charts totally inapplicable. Yet his mumbo-jumbo still draws in the naive. See Mast, same scam as on here, now being pushed to absurd levels on his chart 'target'. He should be run off the market.

Correction. The warrant holders might not yet have sold. Its just that their warrant shares are now able to be sold. Who knows when the avalanche will start.

So the pre-paid warrant holders are starting to sell. Shares in issuue now 16.9m against only 10.7 before the fund raise, and 13m when the raise announced. When all the pre-paids have cashed in (at an eyewatering 40x profit if they sell quickly now) there will be 138m. In other words, toadys inflated shares will be worth 8.16 times less each, and 13 times less than before the scheme. Yet some lemmings are still paying 12 times Mast''s estimated asset value. They'll soon learn.

Contnued

re EUA - the shares are still only 5p, with no talk of any future like the one ACF was pushing.

Exactly the same happened at Kibo when Krugel was CFO, commissioning an equally fantastic ACF report in Oct 2021 with the shares around 22p and a sensible £5.3m market cap, which ‘predicted’ a 151p-159p price and a £50 market Cap.That, again, drew in the gullible who pushed the shares up to 50p, only for them to crash to 2p over the next two years when reality struck and Kibo became essentially bust.

ACF’s childishly absurd method which it has now used for Mast, envisaged for Kibo an ‘aggressively conservative’ scenario producing an ‘ultra-conservative’ £673m revenue by 2025 with £325m free cash flow.

As said, ACF’s latest effort on Mast uses exactly the same schoolboy method – totally taking on trust Krugel’s boast he will get to 300MW by 2028 (when in 4 ½ years since listing the 300MW target has stayed the same with no progress made towards it except three plants which might make a profit in 2028 and five other tiddlers for whom no funding or timescale has yet been announced.) And as for the near £200m needed to pay for the other yet to be found plants up to 300MW, there is not a word how they will be found in a competitive market, nor what funding will cost.

But the lemmings have, again, fallen for the fantasy, apparently believing Mast’s £22m market cap now is deserved by a business with assets no more than £2-3m, and a shortfall in liquid cash needed to pay its creditors, with no cash coming in for at least three years, if then.

Figures by The Oak Bloke, a qualified accountant, a few weeks ago on here show the facts, which are that after repaying their borrowings from Riverfort and/or Powertree, there will not be enough free cash from Pyebridge, Hindley, and Bordersley even when fully up and running maybe in 2027, to cover Mast’s £1m pa overheads. So losses will continue, and Mast will definitely be coming to shareholders for more cash.

Meanwhile the lemmings don’t seem to have noticed that Mast’s recent warrants wheeze has diluted their shareholdings by 95% - which means that any of the profits forecast by Krugel before the wheeze will now produce only 5% of the earnings per share investors could have expected before, meaning in turn that any boost they give the shares will only be 5% of what it was before. That is the scale of the mismanagement Krugel has wrought upon his own shareholders.

No

It seems its your big-name 'advisers'Mr Simple who need to learn a few things about investing. Haven't they told you yet that the warrants scam has cost you 95% 0f your 'syndicate's' original investment ? And that a board of directors who brought that about would be given a rapid bum's rush by even the City's bucket shops. You dig deeper and deeper into the cesspit you've made for yourself with every post you make. Its getting boring.

Your consortium must be pretty dim and naive not to understand that what counts is value or growth per your Met1 shares. Didn'y our accountants and financiers tell you how to work it out ? even Walter Mitty eventually discovered 'what a tangled web he weaved, when first he practised to deceive'. Simple Simon hasn't even got that far.

Miss Haversham was waiting for death. Her marriage hope had evaporated long before - never to return

So is the value per share growing Mr Simple Simon ? Do work it out and tell us, Or didn't you realise that is what counts on here ?

You're a fool. Its not anyy (small no) of outstanding warrants that i s irrelevant, it is the damage they have done to any 'chartism' that is extremely relevant. Any chart prior to the warrants scam completely unwinding, cannot possibly be any guide