The Sunday Roast

S7 Ep20: Midweek Takeaway featuring Pieter Krugel, CEO of Mast Energy Developments (LSE:MAST) #MAST


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Phil Carroll and Kevin Hornsby to talk Peter after the company announced they have entered into a strategic funding partnership with RiverFort Global Opportunities PCC Limited, securing an initial facility of up to £4 million to develop and construct a 300MegaWatt portfolio of flexible power assets. This funding will support MED's existing 30MegaWatt asset portfolio and future acquisitions. The agreement includes an initial advance of £450,000 for site development and general working capital, with further advances on similar terms. Additionally, MED successfully pre-qualified and bid for new Capacity Market contracts, significantly boosting income with the recent auction results. Meanwhile, MED has terminated its Joint Venture Agreement (JVA) with Proventure due to unremedied breaches, pursuing legal recourse against Proventure and its directors for default payments and considering actions against Seira Capital. The arrangement fee with Mr. Ajay Saldanha related to the JV transaction has been canceled.

Disclaimer & Declaration of Interest

The information, investment views, and recommendations in this podcast are provided for general information purposes only. Nothing in this podcast should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
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