Astra Energy Inc (ASRE)

[SeekTruthAlways]

You are certainly incensed and obsessed by my being here. Tell me, how does this make you feel? I want to know how you really feel:

No funder is touching the African projects - commercial banks want 80% first financed by development banks. Development banks are not investing in Astra’s African Portfolio of Projects.
Tanzania, Zanzibar, Lesotho and many other African countries are unable to underwrite finance packages.

The Fitch, S&P, and Moody’s ratings of these countries do not qualify backing by government bonds, sovereign guarantees to provide security in meeting financing and funders lending terms and conditions.

These governments are also unable to underwrite a substantiable energy unit price to guarantee lenders and investors ROI, despite what’s written on the MOUs.

Astra has entered into these African MOU’s with no funding initiatives in place, they are trying to leverage the MOUs to raise funds, and I must admit, at first investors, funders and financiers get excited but when they review the detail they walk away, not even the addition of the Holcomb generator is enough to convince the lenders and financiers.

When doing due diligence, look at all the multinational energy companies who have walked away from these projects because the economic fundamentals underpinning the projects do not stack up, and these multinationals have deep pockets. Astra cannot deliver on what the multinationals cannot, as 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? It is one thing hyping the market with MOU’s and exclusive agreements and another with money coming into the bank.

This is why the Astra stock continues to languish. Astra is not in a financial position to invest, develop, grow, and commercialize any of its projects, this is a fact as otherwise it would have happened.