Wasabi Energy Share Discussion Threads

[phil2003] 24/3/2011 10:31

Polo, that's excactly my point, the share price drop here doesn't reflect the actual amount of (published) shares sold..

Normally when this happens on penny shares (decoupling of £/volume vs. actual share price movement) the price is usually being dropped by arrangement to fill a big order lower down (or in advance of some good news)..

Absolutely no guarantees this is the case & WAS are not expecting news anytime soon!??!
hey Ho.. they're not called "market makers" for nothing.

[polopolo2] 23/3/2011 10:42

How does a million of 50 million = a third...?

[phil2003] 23/3/2011 09:33

Looking at historical trades.. It seems to me that iro: UK£1Mill (£1.5M, if reported buy/sell info is false and all trades over the last month are infact sells!?!?) £1M-ish sold slices a whopping 1/3 off the value of this £50M company..

SOooooo... £1M worth of shares sold in a £50M value company = 33% discount..
Mmm now let me think about that the other way round as this gets cheaper..

[newkid] 23/3/2011 09:22

This is going from bad to worse. TG I only have a small holding here. Dreadful.

[newkid] 17/3/2011 17:15

With more then 2 billion shares in issue this is going to be one long ride. Seems like the price drops ever day. I am in at 2.94p.

For those of you who like to invest for the future take a look at Altona Energy (ANR). A little gem with a big year ahead of it. Just over 400 million shares in issue and a fair amount held by a few PI's. Sitting on 7.5 billion ton of coal ready to turn into 7.5 billion barrels of fuel at a base case of 15 mbpa. That's 500 years worth. As always DYOR.

[jiksa] 16/3/2011 19:57

Directors

Mr. John Byrne

Executive Chairman

Mr. Byrne has over 30 years' experience in the natural resources industry as an investor and resource business developer. During the past 10 years Mr. Byrne has founded and built a number of companies from the ground up, including from development through to production. In this period he has been instrumental as either CEO or Executive Chairman in overseeing the building of 6 coal mines (in Canada, the US and the UK) along with 3 wash plants, totaling in excess of $500 million of expenditure. Until May 2010 Mr. Byrne was Chairman of Western Coal Corporation, a global coal producer. Since retiring from Western Coal Corporation, Mr. Byrne is now concentrated on identifying projects in and solutions to a number of sustainability issues that exist in the world today.

Mr. Byrne is also an executive director of Global Geothermal Limited.

Appointed 8 May 2009.



Mr. Stephen Morris

Executive Director

Mr Morris has more than 20 years' experience in international investment and management in a wide range of industries. Mr Morris is founder and Chief Executive of Fifth Avenue Capital Inc (a venture capital company) and a founder and director of FAC Smaller Strategic Opportunities Inc. as an early stage resource investor.

Mr Morris is also a non-executive director of Sallies Ltd, a JSE listed fluorspar producer.

Mr. Morris is an executive director of Global Geothermal Limited.

Appointed 13 November 2006.



Mr. Robert Reynolds

Master Eng.(Mining)

Mr. Reynolds is a mining engineer with more than 30 years experience in Australia and overseas in coal marketing as well as coal mining management and engineering. Mr. Reynolds is a consultant providing marketing advice and services to a number of national and international coal producers. Mr. Reynolds past experience was with Southland Coal, Oceanic Coal and BHP.

Appointed 10 August 2005.



Mr. Robert Vallender

B Comm.

Mr. Vallender has over 30 years of management and new technology product development experience in Australia and North America. Mr. Vallender is a consultant providing independent marketing and capital project sales advice to the Australian and European iron and steel and primary metals industries. He has dealt with major manufacturers and producers including Alcoa, U.S. Steel and General Motors.

Appointed 10 August 2005.



Dr. Malcolm Jacques

Ph.D. Chemical Engineering

Dr Jacques is an independent energy consultant, focusing on the Renewable and Clean Energy sectors, with special emphasis on technical and regulatory issues associated with the integration of distributed and renewable energy sources into existing power grids. Dr Jacques maintains close working relationships with policy makers, regulators, financial organizations and consultants in the energy sectors in Europe and the USA.

Dr Jacques' international career has embraced research, development and implementation of numerous energy technologies in both the public and private sectors. He has worked with several well known companies and organizations including BP Ventures (UK), The Energy Laboratory, MIT (Cambridge, USA), Strategic Research Foundation (Australia) and has played key roles in the establishment and management of public and private energy technology companies in Australia and North America.

Dr Jacques is also an executive director of Global Geothermal Limited.

Appointed 2 March 2010


Meet the Directors

Company Secretary

Mr. Alwyn Davey

Mr Alwyn Davey was appointed to the position of Company Secretary on 9 July 2009. Mr Davey has experience in cross border mergers, acquisitions and investments as well as formally being a member of the Executive committee of Cambrian Mining Plc, a diversified mining group. He was a non-executive director for Energybuild Group Plc, a UK listed coal company and has been company secretary of a number of UK listed companies which were predominately part of the Cambrian Mining Plc group. Mr Davey holds an LLB degree from Waikato University, NZ.

[wellsi] 13/3/2011 08:46

well I am hoping that this will be a good long term investment. I'm happy to hold for five years or more if needed.

Short term dips are emotionally painful, but should be insignificant in the long-term.

However I know that everyone's circumstance is different and have different investment strategies.

[queenwood] 11/3/2011 22:12

i like this co but im too old to hold for several years so im out, good luck to all long term holders, one day this will pay off imo.

[phil2003] 10/3/2011 16:05

They paid off their loan with the extra shares that got floated today hence the drop.. ie: short term share price pain = long term.. eeer .. no oustanding finace or interest payments and cash to buy the last 3% of GGL & invest in spreading the word..

nice work.

[bradley13] 10/3/2011 09:50

what is happening to this share price, it seems to be falling into a
bottomless pit. Is there something seriously wrong ?

[phil2003] 07/3/2011 14:14

2 billion !??!.. thats nothing! BP have 19 billion shares in issue (at £5)..
Ahhh yes I see your point..

[newkid] 07/3/2011 08:24

Looks like this is turning into a milking cow for the directors. Anyone know if the options were target based? This minnow of a company nows has over 2 billion shares.

[ambuchanan12] 02/3/2011 22:24

phil - good question - i sold today...dont fully undrrstand this company. world looking all a bit iffy and this is a long way from making me any cash imo.

[phil2003] 28/2/2011 09:17

WASABI Consolidated:
Extrapolate these figures out to see the financial trend and (all things being equal, noting everything that's been agreed & in the pipeline) you'll see when WAS will be likely to show their first profits..

My question is, Do I walk away for a few months / for ever / wait for the Husavik power plant in Iceland to fire into life in December / the Kalina plant to open in India next year / further partnership announcements with FL Smidth (service provider to the world cement industry) or WAS to announce underlying profits (opening the flood gates to more institutions)... or speculatively get this into an ISA now, before these events? MMmmmmmm...

----------------------------
DEC 2010 figures shown first.
JUNE 2010 figures second.

Note $
Current assets
Cash and cash equivalents $4,652,139 - $226,103
Trade and other receivables 1,663,577 - 2,962,469
Other financial assets 3,886,411 - 1,954,963
Non current assets held for sale 780,000 - 2,156,000
Total current assets 10,982,127 - 7,299,535
------------- -------------

Non-current assets
Trade and other receivables 34,412 - 34,412
Assets classified as available-for-sale 737,826 - 350,701
Investments accounted for using the
equity method 3 1,423,437 - 566,178
Property, plant and equipment 208,373 - 180,024
Intangible assets 160,837 - 197,458
Total non-current assets 2,564,885 - 1,328,773
------------- -------------
Total assets 13,547,012 - 8,628,674
------------- -------------

Current liabilities
Trade and other payables 1,607,988 - 1,619,510
Provision 1,164 - 1,164
Total current liabilities 1,609,152 - 1,620,674
------------- -------------

Non-current liabilities
Borrowings 4 4,337,357 - 6,493,887
Total non-current liabilities 4,337,357 - 6,493,887
------------- -------------
Total liabilities 5,946,509 - 8,114,561
------------- -------------
Net assets 7,600,503 - 513,747
------------- -------------

Equity
Issued capital 5 42,323,234 - 34,125,003
Reserves 1,608,956 - 299,112
Accumulated losses (36,222,968) - (33,734,933)
------------- -------------
Total equity attributable to equity
holders of the company 7,709,222 - 689,182
Non controlling interest (108,719) - (175,435)
------------- -------------
Total equity 7,600,503 - 513,747

[queenwood] 25/2/2011 14:35

institutional support interesting for an aim share, this is a slow burner with bags of potential qw:0)

[speedy] 25/2/2011 13:24

Looked at the half year report - "employee benefit expenses" seems totally out of line with the rest of
the figures. Hmmm ...

[phil2003] 25/2/2011 12:49

Geothermal as an alternative energy source gathering pace..

[newkid] 22/2/2011 14:46

But we have now gone sub placing price. Thought that was the new support.

[hyper al] 22/2/2011 12:40

Some solid buying kicking in.

[hyper al] 22/2/2011 12:14

Does Wasabi have any connection with the news from RGM?

"This application has been filed to explore the region for geothermal heat, which could provide cheap, renewable energy for process heat and electrical energy for use in any future mine and DNi Process plant the JV may build at the Mambare Nickel Laterite Project. Exploration will also assess the potential of any other minerals discovered within the application area."

[bradley13] 22/2/2011 10:40

The company seems to be very friendless at the moment, is there something
going on that I do not know about. If all is well they look a buy at this
level.