Mast Energy Developments may have appointed a well respected corporate lawyer to its board last week but Betaville was more intrigued to hear that the company's broker has slapped a rather high price target on the little reserve power provider...
Remember Mast Energy Developments?
Well let me remind you if you don't: Mast is the little reserve power provider that caught Betaville's attention back in June amid talk of big contract wins.
Anyway, Betaville hears from well informed types that it has lined up £10 million debt facility from a major industry player and more power deals could be on the way.
Still developing.....
Mast Energy Developments has hit the radar as some of Betaville's snouts have suggested this could be a small cap stock that is worth keeping an eye on over the coming weeks and months.
In part, that's because the reserve power provider may be about to land a milestone contract that will generate around £50,000 a month from a business linked to FTSE 100-listed giant National Grid.
Developing.....