Wasabi Energy Share Discussion Threads

[hyper al] 17/1/2011 10:17

andrbea

This is quite a company, how are they for cash?

[andrbea] 17/1/2011 09:39

just gets better (today's 100% ownership rns)

nice to see new potential applications:

But the Kalina technology can also be used in industries such as cement and glass manufacture or plastic production. PepsiCo, which makes Smith's crisps, is even interested in using the Kalina Cycle to make electricity from the waste heat generated when it fries potatoes.

[topinfo] 17/1/2011 09:32

DJ Wasabi Energy Limited Purchase of Minority Interests

TIDMWAS

RNS Number : 5670Z

Wasabi Energy Limited

17 January 2011

17 January 2011

Wasabi Energy Limited

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

Wasabi Energy Limited moves to 100% Ownership of Global Geothermal Limited (GGL).

-- Finalisation of purchase of minority interest in GGL from Greenearth Energy Limited

-- Agreement to purchase minority interest in GGL from Exergy Inc

-- Agreement to purchase all issued options in GGL from option holders

-- Marks the completion of a 5 year IP and ownership consolidation strategy

Wasabi Energy (ASX: WAS, AIM: WAS) is pleased to announce it has moved to a 100% ownership position in Global Geothermal Limited1, through the acquisition of a series of minority ownership interests. The consolidated ownership of Global Geothermal Limited provides parent company Wasabi Energy with the necessary freedom-to-operate, in relation to effectively commercialising the patented Kalina Cycle(R)2 technology portfolio.

The consolidation in the ownership of Global Geothermal Limited by Wasabi Energy consists of three separate transactions. A summary of each of these transactions is outlined below:

- The closing of the purchase of 3.2% of Global Geothermal Limited from Greenearth Energy Limited3, resulting in Wasabi Energy's direct holding in Global Geothermal Limited increasing to 94.9%.

- An in principle agreement with Exergy Inc4 for the purchase of their 4.4% holding in Global Geothermal Limited. This purchase remains subject to Exergy Inc shareholder approval which is expected to be sought in the near future.

- An agreement with all Global Geothermal Limited option holders that involves Wasabi Energy purchasing all outstanding options in Global Geothermal Limited at a price equivalent to the transaction with Greenearth Energy Limited.

Once finalised, the transactions outlined today, collectively represent the final stage of a comprehensive ownership and intellectual property consolidation process which commenced in 2005. In addition to the commercial advantages of Wasabi Energy's move to 100% ownership, the consolidated ownership structure is also expected to simplify the regulatory and compliance obligations of Wasabi Energy in relation to its now fully owned subsidiary, Global Geothermal Limited.

Executive Chairman of Wasabi Energy and Director of Global Geothermal Limited, Mr. John Byrne commented:

"This announcement today marks another significant milestone for Wasabi Energy. Through our acquisition of Global Geothermal Limited and in turn its own wholly owned subsidiary Recurrent Engineering LLC, Wasabi Energy has obtained complete ownership of the core Kalina Cycle(R) technology portfolio."

"Given the unprecedented interest in energy efficiency technologies, we believe having complete control over the Kalina Cycle(R), provides Wasabi Energy with a strategic and globally significant opportunity."

"Our goal of systematically and diligently acquiring and consolidating the ownership interests and the intellectual property relating to the Kalina Cycle(R), a technology which has been operating commercially for more than a decade, has today been realised. We now look forward to leveraging our ownership of this highly efficient power cycle technology to deliver innovative solutions to energy intensive industries through strategic partnerships, as well as building a profitable renewable energy power generation portfolio."

For further information contact

Australian Enquiries

Mr. John Byrne

Wasabi Energy Limited

Ph: [phone]

[smith99] 17/1/2011 09:31

thats me out on the spike (hopefully)

[pre] 17/1/2011 08:15

tipped by daily mail....o/t rns out at 'TAL' just before close on friday....finances sorted and excellent news for company, not spotted by the masses..dyor etc and gla:-)

[humbugg] 17/1/2011 08:12

corozal,
also, it is government that are pushing the AWG agenda. remember who's paying for the research.

[andrbea] 17/1/2011 08:00

last part of that Daily Mail article:

But the Kalina technology can also be used in industries such as cement and glass manufacture or plastic production. PepsiCo, which makes Smith's crisps, is even interested in using the Kalina Cycle to make electricity from the waste heat generated when it fries potatoes.

The system can generate electricity from hot-water underground springs as well. Wasabi is already using the system in Germany and has just bought a power plant in Iceland that will provide electricity for thousands of homes.

Midas verdict: Wasabi Energy is a small firm that began trading on Aim on December 3. Since then the shares have risen from 2.1p to 2.4p.

At this price there is significant potential. Byrne owns more than ten per cent of the group himself so it is in his interests to make the business work.

Cautious investors should steer clear. Those with an appetite for risk should


Read more:

[mlangton1] 16/1/2011 20:19

here is the Mail's article

[humbugg] 16/1/2011 18:54

Corozal,
Global warming????

[pugugly] 16/1/2011 15:41

phil2003 - :> Thanks mate. Came to have a look after the MoS tip. You have I think saved me a lot of time and probably cash. To paraphrase the Aeneid "Beware of Aussies especially when bearing gifts"

For those who wish to consult the original it is:- "Quidquid id est, timeo Danaos et dona ferentes".

[divinausa1] 16/1/2011 02:57

tipped sunday mail high risk...

[andrbea] 15/1/2011 08:05

Jan 11

Wasabi Energy Limited (ASX:WAS) (AIM:WAS) announced that its subsidiary, Global Geothermal Limited, has acquired the Orkuveita Húsavíkur (Húsavík) geothermal power plant, located in Northern Iceland. This significant acquisition signals the commencement of Wasabi Energy's Kalina Cycle (R) strategy and involves refurbishing the existing power plant to maximise power generation. Kalina Cycle(R) is the most thermodynamically efficient power cycle technology in the world for enhanced energy efficiency and renewable energy generation. The Power Plant is not currently operational and refurbishment activities will commence immediately after receiving formal Government approvals.

[queenwood] 12/1/2011 16:11

thanks for all that phill i will read articles and digest

[phil2003] 11/1/2011 22:39

SOOOOoooo..
After much digging I've finally discovered the truth about Wasabi's "cash cow"..
Needles to say I've just woken up and smelt the coffee about timescales & likely ROI... PLEASE DYOR.. (all web links to articles, below)

FACT: The Kalina cycle was invented over 30 years ago with a slow take up of this technology to date.

FACT: George Soros bought into the owners of Kalina cycle (Exergy plc) over 15 years ago (then lost the majority of his investment).

FACT: The first Kalina plant was built 25 years ago in Japan by General Electric, Ebara plc & Exergy plc.

FACT: Both smaller companies have now ceased trading (GE are still around!)

FACT: GE were involved in both the build & the global promotion of this 40-140mgwatt Kalina plant in 1995-9 and it simply failed to catch on even with GE promoting it..

FACT: 16 years ago the Kalina technology was being pitched to India & China by GE..note that GE is a company with 305,000 employees dotted around the world !??!

FACT: 7 years ago, in 2004 (after many years of global pitching) GE want out & Geodynamics (GDX = Wasabi) bought the IP rights to Kalina along with (the last IP owner) Recurrent Technology Nb: today's oil prices are not at the highs.

FACT: Wasabi views the commercialisation of the Kalina Cycle technology as "ongoing" noting that over the last 20 years there has been in excess of US$50 Million spent developing and improving the Kalina process (each year loss making for it's IP owners) so far..

----------------------------------

MAY 1ST 1995 - HAYWARD, Calif.(BUSINESS WIRE)Exergy Inc, a San Francisco Bay Area energy technology company, today announced that an investment group comprised of Quantum Industrial Holdings Ltd., George Soros and Purnendu Chatterjee has made a substantial minority investment in the company.
In addition, the two parties have established a joint venture to develop and promote Exergy's technology in India. It is expected that a representative of the investment group will receive a seat on Exergy's board of directors.
Exergy is the owner of the Kalina Cycle power generation technology. Depending on the fuel source (coal, natural gas or geothermal), the Kalina ...

Article source:
------------------------------
21st January 2004 - BRISBANE, Asia Pulse - Geodynamics Ltd (ASX:GDY) today received shareholder approval to secure Australian and New Zealand rights to a clean power technology which is attracting interest from major companies.
At a meeting in Brisbane today, shareholders ratified the renewable energy company's A$6 million (US$4.6 million) cash and shares deal with US-based Recurrent Technology for the sub-licence and intellectual property for Kalina Cycle power.
The Kalina process, developed in the 1980s, improves the efficiency of converting heat to electricity by up to 40 per cent using a mixture of water and ammonia as the working fluid in the power cycle.

Article: www.highbeam.com/doc/1G1-112417664.html
Article: www.highbeam.com/doc/1G1-19087052.html
Article www.highbeam.com/doc/1G1-16881204.html

[queenwood] 11/1/2011 22:11

i second all that phill, i hope they didnt set up aqua armor in queensland or brisbane. ;0))

[phil2003] 11/1/2011 10:29

Here's how I see WASABI...

* We hope that the figures stack up? (it's loss making)
* Hope that John Byrne can turn all the companies (that WAS is invested in) losses into profits?
* = Hope John Byrne can repeat his success at Cambrian?
* Hope that the board of WAS hang onto their shares bearing in mind the profits available to date? and noting that WAS is just an investment vehicle.
* Hope for a big raft of early adopters in Kalina? & the funding to build plants.
* Hope that the tide will turn in favour of using foodstuffs as fuel? (ARF=biofuel)

Interesting but wary ££'s & timescales to sort looking at WAS on the ASX been channeling for years.. Mmmmmmm narrowing losses maybe?

[andrbea] 11/1/2011 09:05

up 2.70% overnight (asx)

[queenwood] 10/1/2011 20:20

id like to see some figures but alas there are non

[andrbea] 10/1/2011 10:07

this follows on other contracts since Aug 2010 for the Kalina Cycle technology (see this thread posts 48 and 52)

[someuwin] 10/1/2011 10:03

Looks very interesting. And ISAable too!

[andrbea] 10/1/2011 09:51

great RNS!

Author of the 2010 Iceland Geothermal Energy Market Report and Director of Islandsbanki Geothermal Energy Division, Mr. Alexander Richter commented:

"With 575 MWeof installed geothermal power generation capacity, Iceland is the 7th largest producer of geothermal power in the world. Various estimates indicate that Iceland has the potential to sustainably generate somewhere between 3,000 and 4,250 MWeof additional geothermal power."

"In Iceland there are currently 27 geothermal projects on the drawing board which could add up to an additional 1,068 MWe of geothermal power generation capacity. On the demand side of the equation, our analysis shows that the forecast demand for power in the immediate vicinity of Husavik alone potentially exceeds 400 MWe, depending on whether a number of large proposed industrial projects materialise, highlighting the demand for power in the north of Iceland."

"The acquisition of the Husavik geothermal power plant announced by Wasabi Energy today, provides not only the greater Husavik region with increased economic opportunities, but also has potentially significant ramifications for power generation from low-enthalpy geothermal resources, globally."

Executive Director of Islandsbanki's Geothermal Energy Division, Mr. Arni Magnusson commented:

"Over the last few years, Islandsbanki has published a number of geothermal research pieces, including our annual U.S. Geothermal Energy Market Report, but we have not released any of our research into the Icelandic geothermal energy market until quite recently."

"In the current economic environment, Iceland is increasingly interested in the development of our country's renewable energy resources and we recognise that geothermal energy will continue to be a key driver for attracting foreign investment and assisting in the economic development of Iceland."

[andrbea] 10/1/2011 08:51

some recent posts (as thread in OZ)

I feel a bit of a dunce for not getting this when it was 1.3c. The big buy from the MD and the obviously huge potential really drew my attention but I had other priorities.

Now in at a 2.2c average (after I cash in the options) and am increasingly impressed by this company. Licencing the Kalina technology is really helpful for a company this size - revenue will roll in without needing to build all those capitally intensive manucaturing and demostation plants. Licencees also doing the testing and marketing.

The fact that the industry is choosing the use Kalina in more and more applications says alot about the technology. I don't have the technical skills to evaluate it but people building factories to build the units, and demonstation plants to test industry specific applications really says alot.

Even if the China plant produces at half capacity, thats alot of cash to WAS. They can then use excess cash to build their own energy portfolio (build-own-operate). Seems to be an excellent plan.

Management also top notch and has trod this path before.

Happy 2011

----

Hmmmm I note that the AIM site has an announcement stating that John Byrne just converted another 67 Million options at 1c each. I guess thats part of the reason for the jump. The announcement was probably submitted after close for Australia.

Thats 200M + shares he has now (10.69% of the company) and well over $1 Million dollars he has personally invested into the company so far including buying on Market at around 1.3 when he first joined.

Clearly he believes in the company and is making a substantial investment. Not the token investments some directors make to prop the price after drawing the short straw.

I'm glad I didn't have to repeat the same mistake twice: "I feel a bit of a dunce for not getting this .... The big buy from the MD and the obviously huge potential really drew my attention but I had other priorities."

---

Didn't expect to see share price hit 4c already on day 1 of the year but I am not complaining.
Huge upside still to come, now I am calling 10c as the new target until June this year. Will I be right ? Time will tell.

[phil2003] 07/1/2011 10:03

Blackrock woes?

WWW.INVESTECH.COM
The share closed at 1.15 EUROPEAN CONVERGENCE PROPERTY CO, SKY HIGH PLC and INDITHERM PLC also did very well, with gains of 116.7, 96.0 and 49.5 percent, respectively. NEXTGEN GROUP was the share that performed the poorest. The share showed a total loss of 44.4 percent and closed at 0.05.

BLACKROCK NEW ENERGY INV TRUST PLC, SEEING MACHINES and CROSBY ASSET MANAGEMENT INC also performed very poorly, with losses of 37.0, 33.3 and 26.7 percent, respectively.