Member Info for PuzzledPete

I think its time well spent to warn investors against you, Simple, ((Walter Mitty) Simon

Because Mr Mitty he wants to understand why the shares behaved as they did. Unlike you who shows no signs even of understanding you've been shafted.

Reply from a shorting broker "Due to restrictions surrounding the small market cap of Mast Energy we are unable to quote this share"

Is that all ? Another 137m odd to come.

No. He'd betterprepare for the heavies to come round

Miner1. To explain a bit further. Whereas before the scam a 1p change in the share price reptresented a circa £360,000 change in Met's market cap, now it represents a £8.4m change. In other words it would be absurd to think that any chart position before, can be replicated now - which is why charts before and after just aren't comparable. The only 'charts' that would make sense would be of market cap, not share price, but no-one publishes them. Alternatively, to continue the previous chart sensibly, it would have to be 'flattened' by 23 times after the new shares are admitted. (I was wrong before to say dilution was ten times. Its 23 times !) On MAST the dozy dreamers haven't yet tumbled to the fact that every penny on t he chart represents a £1.4m change. They will learn the hard way at some point.

Miner. Your'e a fool. The chart shows the share price now. But behind each share is only 1/10th what was there beforfe the scam - ogfffset by the tiny £3.4m raised - equalt to 0.4p per share

Have you never experienced the stupidity of charts ? This share is trading falsely, in ignorannce of what will become the true fully diluted share price - on the misapprehension there are only 13.4 m shares in issue, when in fact the cash raised from the pre-paids is assumed in the bank, but the co has not announced that the associatedd warrants number 10 times that and will dilute the share value by ten times. Its all in the pospectus. Chartists in my experience ,never know anything about the companies they jumbo mumbo about, and don'y even realise that charts may sometimes work for large stable companies where much historic trading has established share levels at which investors bought or sold and which the market makers will rely on t o set their own prices. But for a small share like Mast, where only news causes big movements in the price, chartism is completelty inappropriate. In this case it is leading to an immense distortion in the shares

GGP didn't really take off until Newcrest farmed in. ie probably needs that sort of validation for Red Setter

Er ! No. Shares were 10p only a few years ago.. Lots trapped in from then.

Longtime - look on ADVFN board

There is some sort of grotesque manipulation (or pump prior to a dump) of the shares which are still trading under a misapprehension that the warrants (which have only part saved Mast from bankruptcy) will never be exercised. Even just the pre-paids (whose holders could sell immediately at a vast profit) amount to 124.6m shares compared with the mere 13.4m assumed by the market. When exercised they will cut assets per share by more than 90%. Current market cap is £20m compared with assets of a mere £2-3m, while even when Pyebridge and Hindlip are fully operating, and after their respective loans are repaid and Powertree takes its 75% of Hindlip's profit, they will be losing money until at least 2027. Even if Bordersley and Stather Road come fully on stream- not before 2028, - they will collectively only dedliver less than a £2m profit to Mast. Meanwhile Mast has overheads of at least £750,000 pa.

There is no explanation for this pump. Even if someone is wanting to bid, and willing to pay £20m. they will soon discover the warrants which will involve paying £200m. An absurd price for a company wioth such a dodgy track record and whose assets are mostly owned by Riverfort or Powertree. But maybe someone is swallowing the ACF 'target price' which is so laughably incompetent and financially illiterate as to be laughable. In any event, when the lack of profits and Mast's balance sheet debt become known (at the half year results in Sept, and the fulll year results next year, this pump wil have been totally popped and shareholders' money disappeard into thin air.

The point is that the discount rate used by the project owner (ie Solg) is related to his own cost of capital. It is not supposed to indicate a value to anyone else, ie a buyer. And neither is the discount rate what an investor in the shares would use. Brokers use a low discount rate to persuade mug investors a share is cheap. In fact, institutions usually demand a return of over 20% on any risky mining invsetment which means they pay only a low price (if intended as a long term investment). A 8% discount rate for a long term project gives a NAV mearly half what a 5% rate would. Its why outsiders, speculating what a bidder would pay, will never have the right information.

They're different but most broker analysts assume the same. To quote an NPV is meaningless without the discount rate used to calculate it - and the date from whjhich it is calculated. And to say 'deals' are around 1x NAV or NPV is nonsense without knowing what capex produces it. No one will pay an NPV to buy an NPV - its a nonsense because a buyer would lose on the deal. He would deduct the capex and probably pay half the remaining NPV. Otherwisae, again, he wouldn't make a profit.

I point out the stupidities on thes e boards when I see them - after 20 years mining investment researcdh. This particular board is full of utter ignorant fantasy nonsense, and I will highlight it when I see it. Get used to it

WEll it doesn't just occur to me - but from a quick look at your voluminous past posts looks definitley to be the case - that your posts have contributed absolutely nothing of any interest or usefulness for anyone on this board over -what is it ? - 17 years.

If I held the shares I'd be biassed wouldn't I ?. Doesn't occur to you that whether holding or not, some on here might be waiting and seeing. But, then, nothing much seems to occur to you.

Thats what Moulton says they're going to splash their cash on ! Says it all.

No news yet re holdings after tremendous 23 times expansion in the shares. No hint the directors were going to participate in the warrants. If not they have no skin in the game to speak of. No wonder they'tre splashing the othet mug shareholders' cash.

Are you capable of doing any sums ? Jimmy SMKR and DeadG ? Doesn't look like it.

Doesn't occur to you of course, to check what you're paying for that cash in the bank. I'll tell you. The shares at around 5.4p are DOUBLE the amount of cash (and other 'assets' )behind them. Happy to keep paying double are you ?