Wasabi Energy Share Discussion Threads

[freddie01] 13/12/2012 15:24

LAST Wednesday, the Merredin Shire Council hosted the commissioning of the Dam number four, a project made possible with the assistance of federal, state and council funding.

Construction of the dam commenced in early 2012, which is designed to harvest more storm water and compliment the existing dams.

With the construction of dam number four, the Merredin Shire should not require water from the pipeline for the majority of its parks and recreation requirements.

Joining council representatives at the commissioning were the Member for the Agricultural Region Mia Davies, representatives of the contractors involved with the project including Aqua Guardian Group, Cardno and Aussie Earthworks and surrounding shire councillors that were interested in the natural resource management services managed by the Merredin Shire.

An interesting feature of dam number four is the state-of-the art AquaArmour system which better manages the water storage in terms of evaporation and algal control.

Danny De Graaf of the Aqua Guardian Group said the white, plastic flotation devices which make up the AquaArmour system was scientifically proven to save 88 per cent of the water that would otherwise be lost to evaporation.

He added that the system inhibits algal growth by lowering the temperature and minimising UV and visible light penetration into the water body.

Member for the Agriculture Region Mia Davies said the Merredin Shire have always been innovative in their approach to water use, re-use and preservation.

"This project represents a real saving, in environmental and financial terms, for the community," she said.

"It's great to see Royalties for Regions funding added to Commonwealth, state and shire funding to deliver this important piece of infrastructure that will deliver real benefits to the community."

[moormoney] 04/12/2012 13:40

nice to see some upward movement--I hope we have good news coming!

[newkid] 29/11/2012 16:17

So we drift down again. Same ord some ord.

[caretaker2] 28/11/2012 21:51

Aqua est vita and some....

[piadda] 28/11/2012 19:55

There are no contract values on the RNS. Still some news is better than none. The sooner we get rid of the water and ARFuels divisions the better. Kalina rules OK.

[newkid] 28/11/2012 15:17

Lets see if we can keep the gains for once.

[freddie01] 28/11/2012 12:33

Wasabi subsidiary seals first mining deal in Australia

Power producer Wasabi Energy (LON:WAS, ASX:WAS) said its subsidiary, Aqua Guardian, has bagged a deal with AngloGold Ashanti Australia in what is its first mine site sale.

AngloGold Ashanti is to roll out Aqua Guardian's modular evaporation and algal control system, AquaArmour, at the Tropica Gold Mine in Western Australia.

"The mining sector has been a key target market due to the large number of mine sites in arid, water stressed areas and the importance of water to the mining process and to the local communities," said John Byrne, executive chairman of Wasabi.

A large proportion of mines in Australia use open water storage facilities and are located in arid areas where water availability is relatively low and access to water is expensive, Byrne noted.

Referring to the potential take-up of the AquaArmour technology, Byrne said: "We have received interest from a wide range of potential customers in both the mining sector and water authorities and we continue to see an acceleration of the pipeline from initial contact through to sale and deployment of the modules. We look forward to providing ongoing updates as the activities of our water subsidiary, Aqua Guardian, grow."

Seven installations of AquaArmour have already been performed in Australia with further deployments set to occur in the coming months, but the AngloGold Ashanti deal marks the first mining deal for Wasabi's 79%-owned subsidiary.

As in situ performance data becomes available the company anticipates an increase in secondary sales to existing clients and those considering initial smaller deployments before committing to multiple sites.

[piadda] 14/11/2012 21:50

Sorry wrong board.

[jwoolley] 12/11/2012 12:15

I took my eye off of this since I sold up some time ago with the view to get back in at a later date...but...am I missing something....weren't they running out of money with a possible placing to get more monies together...??

[skinny] 12/11/2012 11:41

Wasabi New Energy Asia to be established for Kalina Cycle®

Wasabi Energy Limited (ASX:WAS, AIM: WAS, OTCQX: WSBLY) ("Wasabi"), an emerging power producer, is pleased to announce that it has entered into a conditional agreement to establish a new subsidiary, Wasabi New Energy Asia ("WNEA"), to accelerate the implementation of its proprietary Kalina Cycle® Power Technology throughout the Asian region. Wasabi's wholly owned Kalina Cycle® power technology converts waste heat into electric power production with increased efficiency over competing technologies.

Following its establishment, Wasabi will hold 50% of WNEA and will have the right to appoint a majority of the Board. The Directors of Wasabi believe that, following the pace of adoption of the Kalina Cycle® technology throughout the Asian region to date, there is significant opportunity to accelerate this development programme through the establishment of a specialist focused subsidiary. WNEA will have a dedicated management team based in Asia that will leverage its existing large network of industrial partnerships and contacts alongside those of Wasabi in the Asian region. Wasabi intends to list WNEA on both the Canadian TSX and an appropriate Asian stock exchange.

Wasabi has also entered into an agreement to facilitate the acquisition by WNEA of Newmont Asset Limited ("Newmont") for a total cash consideration of US$16.5m and 50% of the enlarged initial share capital in WNEA. Newmont has entered into a contract to purchase 50.5% of SSNE concurrently with WNEA's acquisition of Newmont. Further details of the transactions are included below.

[piadda] 01/11/2012 22:49

I seem to remember that John Byrne previously provided a large loan that was converted to shares later on. It would have to be quite a large loan to see us through to profitability. At least there is some hope as Wasabi will be his legacy and he has a large Share holding.

[newkid] 01/11/2012 13:29

Bloody painful.

[piadda] 01/11/2012 10:32

Sorry wrong board.

[newkid] 31/10/2012 12:47

Can't see them getting any money from the bank unless they can show that future earnings will start to flow shortly. Can't see that happening looking at the cash burn. Any income being used to pay the directors. Where have I seen that before? I remember. All AIM companies.

[freddie01] 30/10/2012 20:47

Yes it's a worry piadda. So much potential as well.

[piadda] 30/10/2012 19:17

Or maybe not. The cash flow statement shows 800,000 remaining. 2m used in operations last quarter. It doesn't sound good. Another cash call needed or will they get a bank loan?

[piadda] 30/10/2012 12:59

It seems like it is becoming a bet on Wasabi surviving long enough to reach profitability. They do have a good pipeline of projects and I am confident they will make it - eventually!

[moormoney] 13/10/2012 18:17

maybe we should contact them and ask for a proactive investors evening--to be arranged early 2013.