Wasabi Energy Share Discussion Threads

[goodman] 03/6/2013 11:19

Thanks F1 for that information, and I thought that you were only concerned with photos!

[uniquorn] 03/6/2013 08:58

GBP0.0052 per share

[tim2] 03/6/2013 08:38

hi all

ref rights issue.

do you just send a cheque in English pounds converted from cents

[skinny] 31/5/2013 07:11

Wasabi accelerates Asian expansion and establishes JV to address Kalina Cycle® opportunities in the coal industry

· Establishment of Wasabi New Energy Asia complete and first US$3.59m Pre-IPO funds agreed
· Agreement to establish a JV Company with Augut Clean Energy for Kalina Cycle® applications in the coal industry
· A$1.5m subscription by Augut Clean Energy in Wasabi Energy
· Wasabi Energy proposed shareholder meeting

[illuminati1] 24/5/2013 12:56

Yep looking good!

[sashimi] 24/5/2013 08:37

Am I correct saying that Chairman John Byrne invested $2.5 million here?

[sashimi] 24/5/2013 08:35

Wasabi Energy (LON: WAS 1.15p/£31.66m)
Wasabi Energy has announced that it is raising up to $9.8m through a placing for $5.1m (£ 3.3m) and a partially underwritten rights issue to raise up to $4.7m (£3.03m) The placing is with UK institutional investors at a placing price of 1.1p per share. The Company will raise up to $4.7 m (£3.03m) gross proceeds from the Rights Issue including $2.5m being underwritten by the Chairman, John Byrne and $100,000 by Robert Vallender, a Director of the Company. The Placing and underwritten element of the Rights Issue will raise $7.7m in aggregate, but if the Offer is fully subscribed then the aggregate amount raised by the Placing and Rights Issue will be $9.8m

[freddie01] 21/5/2013 12:30

Topped up today as I also feel the current price doesn't reflect the potential here.

[sikhthetech] 21/5/2013 10:07

hi Jw.. I need to catch up on these and will do soon...
I see TLY as in similar position as qxl were, pre the Polish court case... CCG's only went live last month... I've researched them thoroughly and have got several of my friends to buy in.. don't miss them..

Have a great hol in Oz..
Speak soon...

edit: I'm convinced tly will be 4p (double current sp) by the time you return from Oz.. I bet you a pint... how's that for a gentlemen's bet... lol

[jwoolley] 21/5/2013 08:56

Alright sikhers....sorry for delay...been keeping quiet because been loading up here...have been getting some crazy low prices here....never thought it would get this low...but happy with my lot now...might get a few more in a couple of weeks....but this is a new 5 term hold for me at the start....!!!

Cheers for the heads up on tly....had my time with them and was never for a long term hold....but i wish you luck with them....catch up soon as I need to finish packing as off to Oz again for a couple of months...!!!

[sikhthetech] 17/5/2013 18:57

Sorry, o/tHi jw, hope you well.... tly are reporting fy results on 31st..

[freddie01] 17/5/2013 11:02

February 13, 2013, Oil barrel
Poweralternatives: Wasabi Energy Embarks On A Global Expansion, After Signing Up Sinopec As A Customer For Its Kalina Power Generating Technology
By Alastair Ford

Power generation, and delivering significant cost savings to mining companies and others is now the name of the game at Wasabi Energy, but it hasn't always been that way.

Kalina Cycle power plant
In the most recent chapters of its long and varied history, the company has also successfully marketed and deployed - to the Tropicana mine and elsewhere - a technology which prevents water evaporation from dams and reservoirs.
There's also been a serious involvement with renewable fuels, and various strategic stakes in junior mining companies.

If it seems like an odd mix, the pedigree of executive chairman John Byrne provides ample explanation.

John was the prime mover behind Cambrian Mining and Western Canadian Coal, both of which grew large from modest beginnings before merging to form a multi-billion dollar company that was eventually sold to Canadian behemoth Walter Energy.

Cambrian was in many ways a classic mining finance house. It seeded and grew several small projects, most notoriously the Phulbari coal project in Bangladesh. Phulbari was famously spun out into Asia Energy, allowing Cambrian to bank huge gains before the government pulled the plug on development.

But if the ride was occasionally wild, the billions of dollars that were ultimately generated by the sale of Western spoke for themselves. Audley Capital was reported to have banked US$400 million on the sale of Western, and other big players in the mining investment world made big bucks too.
That's why some of the big names in mining, like Blackrock, Artemis and JP Morgan sit on the share register of Wasabi Energy, a company that would normally be considered slightly off their graze.

Having said that, Wasabi has long been a familiar name in London and Australia, and over the years investors have had plenty of time to get acquainted in it.
Partly, that's because Cambrian took a stake in it via a subsidiary called Xtract Energy back in the day, and partly it's simply just because it's been around a long time.
In fact, says chief operating officer Diane Bettess, "it's been a listed entity since 1972".
John's association with it doesn't go that far back, but he's been involved one way or another for quite a while. He's been the executive chairman since 2009, and has busily built it up on the model of Cambrian to the point where it can now feel confident about going it alone with a single specific focus.

"Wasabi, like Cambrian, has been funded by buying and selling assets", says Diana. The latest such transaction was the sale in August 2013 of an 11 per cent stake in a company called Australian Renewable Fuels to Lignol Energy. The price: C$4.3 million in cash shares and debt.

There are other deals in the pipeline. For one thing, Wasabi now holds a major stake in Lignol, not to mention a sizeable seven per cent convertible debenture.
But AquaArmour, the business which tackles water evaporation, is also now described by Diane as "non-core"
Because now that Wasabi has now reached a market capitalisation of around £40 million on Aim and A$60 million on the ASX, the feeling is that the company has now reached a turning point.

Looking ahead, the focus will now turn to the company's proprietary Kalina power generation technology. According to the Wasabi literature: "the Kalina Cycle is a power cycle technology based on the superior thermodynamic properties of mixtures".

What that means in layman's terms is more power, at lower cost, and with fewer emissions. A 10 Megawatt (MW) Kalina plant will cost between US$15 million and US$20 million to build, and generate electricity at a cost of around US$0.01 per kilowatt hour.

Assuming a market price of US$0.11 per kilowatt hour, it will then deliver a gross profit of US$7.9 per year, and payback within two and a half years.

Nice looking numbers, but how is it done? Kalina takes the exhaust heat from an existing power generating operation and recycles it. But that's not the clever bit. It then applies that heat to a mixture of ammonia and water, rather than just water, to create the steam that drives the turbines.

That allows companies to vary the boiling point of the mixture itself, which is a highly useful tool for miners in particular, who can be operating in extremely low temperatures or at altitude.

"Ammonia", says Diane, "boils at 33 degrees. Water boils at 100." Between those two boiling points there's a fair bit of range.
Not surprisingly, there's been a fair bit of interest in Kalina, and existing customers include Sumitomo, International Ferro Metals, Sinopec and FLSmidth.
"We're so overworked", says Diane, "it's outrageous".
Even so, Wasabi wants more. The company is now looking to go properly global. It's set up several subsidiary companies which it hopes in due course to list on regional markets in Canada, Africa and Asia.

Chinese investors have been lined up for the Asian operations, encouraged by the presence of Sinopec on the customer roll. The Sinopec contract was converted from a design and technical services contract into an engineering, procurement and construction contract at the end of January, and relates specifically to a polyester materials plant.
But tantalisingly, Sinopec have 45 other refineries at which Kalina might effectively be deployed. And that's just in China.

Clearly the signing of that deal represents something of a watershed moment. "Wasabi Energy is now preparing for a larger scale roll out", said John in the press release that announced the news, "and establishing engineering teams to cover a global expansion in geothermal and waste heat".
The target, as laid out in the marketing literature Diane has been carrying around London recently, is for Wasabi to have a market capitalisation of US$1 billion by 2018.

Big talk, but then John Byrne's done it before.
It'll be interesting to watch.

[caretaker2] 07/5/2013 17:03

ECX, lets hope the rns released today is not a foreruner
to more gloom here!.....

[wilba] 30/4/2013 16:26

Someone didnt like the numbers..

[newkid] 29/4/2013 17:27

This is the second one of my Aus stocks to half since January.

[pratt2] 25/4/2013 09:33

This share is a disgrace. I am down as well - well over 70%.

I guess they are running out of funds. Doom and Gloom or a placing coming up...

[wilba] 24/4/2013 20:05

U an me both mate.

[newkid] 24/4/2013 18:39

Painful. Down 80% so far. Seems to be the story of my life at the moment.

[caretaker2] 23/4/2013 20:25

Looks like brown trouser time in the land under!
Chinese effect or worse?