Wasabi Energy Share Discussion Threads

[freddie01] 02/7/2013 15:19

Directors showing faith which is reassuring.

[skinny] 02/7/2013 14:43

Directors Dealings

Mr John Byrne related entities purchased 329,142 ordinary shares of the Company on market on 28 June 2013 at 0.6c per share.

Following the purchase of the shares, Mr John Byrne and his related entities now hold 351,731,620 ordinary shares representing 11.1% of the issued capital of the Company, along with 23,688,746 options exercisable at 0.8c each.

[daithedeath] 28/6/2013 09:56

RNS out :-)

Wasabi Energy Limited

("Wasabi," "the Group" or "the Company")

Directors Dealings

Mr John Byrne related entities purchased 1,500,000 ordinary shares of the Company on market on 27 June 2013 at 0.7c per share.

Following the purchase of the shares, Mr John Byrne and his related entities now hold 351,402,478 ordinary shares representing 11.1% of the issued capital of the Company, along with 23,688,746 options exercisable at 0.8c each.

A Mr Robert Reynolds related entity purchased 250,000 ordinary shares of the Company on market on 27 June 2013 at 0.7c per share.

Following the purchase of the shares, Mr Robert Reynolds and his related entities now hold 33,273,691 ordinary shares representing 0.99% of the issued capital of the Company, along with 3,669,299 options exercisable at 0.8c each.

A Mr Robert Vallender related entity purchased 150,000 ordinary shares of the Company on market on 27 June 2013 at 0.7c per share.

Following the purchase of the shares, Mr Robert Vallender and his related entities now hold 20,256,438 ordinary shares representing 0.63% of the issued capital of the Company.

A Mr Malcolm Jacques related entity purchased 150,000 ordinary shares of the Company on market on 27 June 2013 at 0.7c per share.

Following the purchase of the shares, Mr Malcolm Jacques and his related entities now hold 15,150,000 ordinary shares representing 0.48% of the issued capital of the Company.

For further information, please contact:

Australian Enquiries

Mr. John Byrne / Diane Bettess

Wasabi Energy Limited

Ph: [phone]

U.K. Investor Enquiries

Ivonne Cantu / Neil McDonald

Cenkos Securities plc

Ph: [phone] / [phone]

U.K. Media Enquiries

Mr. Josh Royston / Ms. Hilary Millar

Newgate Threadneedle

Ph: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

[daithedeath] 25/6/2013 15:38

Some nice buys before close of play , could this delay be just a glitch ?

[illuminati1] 25/6/2013 12:52

Wasabi's Asian joint venture in doubt as partner misses payment deadlineBy Philip Whiterow June 25 2013, 1:34pm Wasabi said it had not received the monies by this morning despite an agreement to transfer the proceeds before 22 June.Power group Wasabi Energy's (LON:WAS ASX: WAS) planned joint venture in Asia was under threat after its partner failed to put up its share of the funds.Australian firm Augut Clean Energy had agreed to subscribe for A$1.5mln worth of new shares and US$3.59mln of convertible bonds to help fund the new venture, Wasabi New Energy Asia (WNEA).Wasabi said it had not received the monies by this morning despite an agreement to transfer the proceeds before 22 June and repeated assurances from Augut that the funds would be forthcoming.Wasabi added that until such time the fund comes though there is a risk that the placement may not occur as expected, in which case the company will pursue its legal remedies.

[freddie01] 25/6/2013 12:28

Wasabi Energy Limited (ASX: WAS, AIM: WAS, OTCQX: WSBLY), advises that, further to the announcement released by the Company on 31 May 2013, funds in respect of the placement of shares and notes in Wasabi and Wasabi New Energy Asia respectively to Augut Clean Energy Pty Limited ("Augut") have not been received by the Company as at the date of this announcement.

Pursuant to the subscription agreements entered into between the Company and Augut, Augut undertook to transfer subscription proceeds prior to 22 June 2013. Whilst the Company has received repeated assurances from Augut that funds will be forthcoming, until such time as these funds have been received there is a risk that the placement may not occur as expected, in which case the Company will pursue its legal remedies.

A further update will be released in due course.

As a result of the delay, an Appendix 3B in respect of the completion of the Rights Issue has been released to the ASX and this does not include the 150,000,000 shares and options proposed to be issued under the placement in respect of the issued capital of the Company.

[freddie01] 25/6/2013 12:26

Not good news just released.

[freddie01] 25/6/2013 08:32

Monday, June 24, 2013
Wasabi Shores up Capital for African Ventures

Wasabi Energy Ltd. will offer shares in a newly created African unit to expand its footprint on the continent. The waste-to-energy company will establish the new company after it secures African projects, and then Wasabi Energy will plan an initial public offering.

CEO John Byrne said in the chairman's letter that the company would look to expand its three core businesses: renewable power generation, sustainable and secure water supply, and biodiesel from renewable energy sources. The company's portfolio consists of Global Geothermal Ltd. (GGL), which it holds a 100% stake, and Aqua Guardian Group Ltd. with Wasabi Energy holding a 79% interest.

GGL generates power from waste heat and geothermal sources without fuel using the Kalina Cycle® energy conversion technology, particularly appealing for the geothermal-rich areas of the African Rift Valley. The Aqua Guardian invests in businesses, technologies, and solutions for the "preservation and enhancement of water resources in Australia and internationally." Aqua Guardian's first product was designed to minimize water evaporation on large water storage projects.

hxxp://www.ae-africa.com/read_article.php?NID=4907

[moormoney] 22/6/2013 12:38

Great plans and I think long term it will do well but it really needs to sort out it's investor relations. Without regular updates wasabi will struggle to bring in further investment funding IMO. Disappointed so far.

[freddie01] 22/6/2013 10:33

Wasabi Plans Africa Expansion on Growing Demand for Clean Energy


Wasabi Energy Ltd., a developer of clean-power technology, plans to sell shares in a new unit in Africa as rising demand across the continent lures finance from Asia.

"There seems to be a lot of funding that is wanting to go towards Africa," Diane Bettess, chief operating officer of the Melbourne-based company, said by telephone. "Chinese companies have built themselves up and got massive penetration in China and now they're looking for growth so they're looking outside."

Wasabi, whose technology captures waste heat to produce electricity, has already proposed to fund its Asian division in a similar way -- planning an initial public offering for the unit later this year. Now it's turning to Africa as nations struggle to meet power demand amid burgeoning population growth.

Wasabi expects to establish the new unit and start the fundraising once it has projects in Africa to serve as a "spring board," Bettess said. The process will be under way within the next year, she said, without providing details of how much it intends to raise.

The company is already present in Africa through its 62.5 percent holding in clean-energy developer AAP Carbon Holdings Ltd. Wasabi intends to license its technology to AAP, which plans power stations in Africa's industrial and renewable-heat industry. The Australian company also has already worked with Chinese partners, agreeing in January to install equipment for a unit of China Petroleum & Chemical Corp. (386) in a $10 million deal.

Geothermal Potential
Wasabi's Kalina Cycle technology generates electricity from low-heat sources and can be used in geothermal plants, metalworks and oil refineries. In Africa, Kenya already has a geothermal industry, while the South African market is "very strong," Bettess said.

South Africa is seeking to add 3,725 megawatts in renewable-energy capacity by the end of 2016 through a 100 billion-rand ($9.8 billion) program to help reduce its dependence on coal-fired power.

Wasabi said in May that it planned to fund its Asian unit through an IPO toward year-end. The shares will probably be sold on the Singapore stock exchange, Bettess said this week.

hxxp://www.businessweek.com/news/2013-06-21/wasabi-plans-africa-expansion-on-growing-demand-for-clean-energy

[moormoney] 18/6/2013 11:58

Nice holding! Good luck to you too.

[moormoney] 18/6/2013 10:42

Not many Warren Buffets around...I got mine! Five years is nothing.

[wilba] 18/6/2013 10:07

67% didn't.

[jwoolley] 18/6/2013 08:07

I did take up the full options....why wouldn't any holder that has done extensive research on the company....??

[wilba] 18/6/2013 07:47

jw. I took up the full option. Did you?

[jwoolley] 18/6/2013 07:18

What are you talking about buying them cheaper??? You were offered (if a holder) one share at 0.52p and one option to also buy at 0.52 upto March 2014.....the only way this will not be a good deal is if you believe the share price will still be in the 0.52 range by March 2014.....and if you believe that then maybe you are not really understanding the company and the full potential here....all the best to you Wilba...!!!

[wilba] 18/6/2013 06:06

What do you expect when you could buy them cheaper on the open market?

[daithedeath] 18/6/2013 06:04

Only 33% of rights taken up ,not good news imvho

[jwoolley] 10/6/2013 08:27

I own 4 million of these darlings....I have taken up my options in full....all in my ISA account....these are a 5 year hold for me....and I will be buying more along the way....good luck to all other long termers....and will chat more along the way....!!!!

[daithedeath] 10/6/2013 07:41

Below the radar at the moment ,imvho

[freddie01] 10/6/2013 07:35

Wasabi Energy chairman: More joint ventures to follow


Emerging power producer Wasabi Energy (LON:WAS, ASX:WAS) is eyeing more joint ventures (JV) elsewhere in its bid to fund its global growth prospects.

On Friday, the company unveiled an alliance with privately-owned Australian energy specialist Augut Clean Energy, which will accelerate its Asian expansion.

It also gives Wasabi the opportunity to push forward in the coal sector, having previously focused on cement, steel and petrochemicals.

In exchange for US$3.59mln, Augut will get its hands on convertible bonds that will automatically turn into Wasabi New Energy Asia (WNEA) shares when it becomes a separately listed company at a 20% discount to the IPO price.

It hopes to float its Asian business by the end of 2013 on an Asian stock exchange – ideally, Singapore's market.

Wasabi, which now owns 67% of WNEA, is at the forefront of green energy though its major innovation, the super-efficient Kalina Cycle power technology.

The group plans to create a portfolio of these units and has targeted owning an initial 25 megawatts by 2015, while growing by 25 megawatts a year thereafter.

The Kalina Cycle technology will be launched across the global coal industry as part of the tie-up.

The clean energy drive from China alone makes Asia a lucrative market for Wasabi to crack.

The plan is to complete a number of these deals around the globe this year, including in Turkey, North America and Africa, to get projects up and running there.

"We're doing exactly the same with Turkey – and therein lies the answer to Wasabi's funding going forward," said executive chairman John Byrne.

"I wouldn't rule out the possibility of us having a number of these joint ventures over the next year. We're certainly looking at sub-Saharan Africa, North America and a number of countries in Europe.

"In each case, the joint venture revolves around projects, which will require funding, and our aim is to bring in partners that provide the funding for those build-outs without recourse to Wasabi shareholders."

He explains that the deal means Wasabi's burn rate will drop, while the fundraising and options attached will be sufficient to take it through the next 12 months.

"Our aim is to have 25MW production a year from our own plants. If we are successful in doing that – and we are in a power price environment of 10 cents a kilowatt hour – then we're going to be growing the business at close to US$200mln a year," added Byrne, pointing out that this is about 10 times the current market valuation.

It comes after Wasabi completed the purchase of Newmont Assets, the owner of just over half of Shanghai Shenghe New Energy Resources Science and Technology Limited (SSNE), the Kalina Cycle licensee for China, Taiwan, Hong Kong and Macau. The acquisition cost is US$16.5mln in cash and 50% of the initial capital as shares in WNEA.

So far Wasabi has paid US$5.6mln in cash. The new funding from Augut will cover the next instalment, as well as working capital. Newmont will snap up 31.25% of its WNEA share consideration in Wasabi shares at 1.8 cents each, giving it 288mln new Wasabi shares.

Augut has also subscribed for A$1.5mln new Wasabi shares at 1 cent each with an accompanying option at 1 cent per share, which will go towards its working capital.

Augut's investment demonstrates confidence in Wasabi's strategy of setting up regional subsidiaries and rolling out the Kalina cycle technology globally.

Wasabi stressed that Augut has strong relationships with manufacturing partners on top of the financial support provided.

hxxp://www.proactiveinvestors.com.au/companies/news/44077/wasabi-energy-chairman-more-joint-ventures-to-follow-44077.html

[daithedeath] 05/6/2013 15:52

Thanks F1 very interesting