Astra Energy Inc (ASRE)

[SeekTruthAlways]

The realities of the Astra Africa portfolio.

No funder is touching the projects - commercial banks want 80% first financed by development banks.

Development banks are not investing as Tanzania, Zanzibar, Lesotho and many other African countries cannot underwrite the finance packages as the Fitch, S&P, and Moody’s ratings of these countries do not qualify backing by government bonds, sovereign guarantees or in any other capacity. In the same manner these governments are also unable to underwrite a substantiable energy unit price despite what’s written on the MOUs.

Astra enters into these African MOU’s with faux promises that they can deliver on energy infrastructure investment and funding where not even the multinational can deliver despite having vast financial resources. Why? It is because the economics of these African projects do not stack up, and the ROI is simply not secure or sustainable.

When was the last time Astra released news on any of the projects being funded in Africa or to manufacture the Holcomb generator; all these MOU’s and exclusive agreements continue to gather dust with no money coming into the bank.

This is why the Astra stock suffers and will continue to suffer, Astra is not in a financial position to invest, develop, grow, and commercialize any of its projects it has rights to under any MOU or exclusive agreement.