Astra Energy Inc (ASRE)

[SeekTruthAlways]

Do not forget this in your dreams tonight:

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.

If Astra was so sure of the Holcomb technology it would have raised money at the time of entering into the manufacturing agreement and paid for the UL compliance. This would have raised the share price through the roof, and it then would have had multiple options of funding available to it to develop not only Africa’s energy needs but the worlds. But instead, Astra just keep on collecting worthless MOU’s, hyping the market, and not focusing on core fundamentals of its business.

The CEO of this company is more interested in executive compensation than developing a sustainable business and profitable company, time for somebody else to step in and steer the ship.