The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Wow Wasabi responded within 5 minutes, here you go folks: Dear Karl, Thank you for the email. As timing would have it, we are currently working on a new website. On the home page, the presentation is from October 2012, see attached. http://wasabienergy.com/Downloads/News/Presentation 2 Oct 2012 (AGM update).pdf Thank you for your feedback, much appreciated. Best, Leif Powis
Phillis please refer to Tapemeasure's posts below, this should explain. I have contacted Wasabi to request they update their 2 year old investor presentation, which to me is unacceptable if the company wants to attract new investors or current investors taking up the RI. I'll let you know if I get a response. GLA
Tape, Thankfully, I don't own a million! Providing the share price continues upwards I'll be pitching in...anyone-else?
I'd be interested to know if any of the regular posters / long-term investors have taken up the rights issue?
To me the rights issue is meaningless / worthless again. I will top up with profits form elsewhere and not hard earned cash when we finally see projects and revenues being delivered...the current price is pitiful! GLA
I'm surprised you sold out at these prices Observing? I bet you haven't sold your silver Britannias even tho the price is falling...I'm holding for sub 14 GBP before buying my Kilo. GL
Waas that your buy Murdo lol?
Murdo the rights issue is fixed @ 0.52 the current ask is 0.45, with the current market value being 0.449. Anyone with shares and wanting to top up will ignore the rights issue and just buy at the market price, as it's obviously now cheaper. I hope this explains & I've attached a link for you to check the market price? https://www.google.com/finance?q=LON%3AWAS&ei=BUOWUbjwDMOBlAWttQE The share price has dropped mainly because the company continues to issue shares. They have many projects on the go and revenue streams should start to flow this year, IMO now is an excellent entry price but DYOR. GL
Ninja business and friends never mix, even when I think it's a cert I'd never recommend a share to a friend or family especially on AIM. We learn the hard way, but I do believe in the fundamentals of this company and all will come good eventually - 1 to 2 years time. So many shares in issue now that if the company does succeed I think a top up at these prices is necessary but still a minor gamble. I will top up but only with the overdue oily explorers' profits...if they ever happen! GL
RH don't read those penny share tippers or Investors chronicle (which has sucked me into many shi$$ers), I cancelled 3 years ago. My best performers are where I did my own research and judgements. I lost out on the likes of Dixons and Barrats (300% up) by backing their sh$te. The articles are always completely biased and their timings are normally wrong too - at the top or before the many rights issues that follow.
Prospectus link attached: http://www.wasabienergy.com/Downloads/News/Wasabi%20Energy%20Rights%20Issue%20prospectus%20final%20release.pdf Agree 1msn PI's shafted again on AIM, losing faith. The RI price approx. 0.53, I think I'll watch and buy on the open market!
Link attached for those wishing to read the summary. Trading results are looking very good, as we already know if they can tackle the debt then this will start to fly. http://www.rns-pdf.londonstockexchange.com/rns/4511E_-2013-5-10.pdf GLA
Observing thanks for the reply. Seems my best bet is to get a Kilo (35 ounces) ingot for 500 GBP here in Dubai....VAT free. I'll be keeping my eye on the price. Cheers & GL
A nice 6% rise so far today. Also good to see some sensible analysts' price targets varying from 20-31p, detailed in the attached. I think most long-term holders believe they should be seeing 25-30p+ within 12 months. http://utahpeoplespost.com/2013/05/pan-african-resources-plc-given-corporate-rating-at-finncap-paf/ GLA
Observingmen interesting post, I might have a punt too and put them in the bottom draw. I notice you paid 230 GBP but the current silver price is $24 an oz, is it standard to pay such a premium for the coins?
Mad I do hope you're wrong about the placing, especially as we're now seeing new all time lows on a daily basis! Has anyone had enough bottle to top up at these prices? GLA
This is getting worse by the day, we're now 50% down YTD!
Another bad day so far, it's about time we started climbing back up to the 20s as confirmed by Canaccord below: http://www.mideasttime.com/pan-african-resources-plc-receives-buy-rating-from-canaccord-genuity-paf/14818/ GLA
We finally get an update which partially answers my concerns mentioned in my earlier post: http://www.wasabienergy.com/Downloads/News/Wasabi%20Energy%204C%20March%202013%20final.pdf Looking at the cashflow they need to divest quickly and get the $10M in the bank. Plenty going on (maybe too much), we just need to get cash in the bank and patience for the future recurring cash generating assets. GLA
Hopefully just for the short-term! The half-year accounts don't read well: 1. Another 0.6B shares issued! 2. Revenue down 87%....disastrous WHY when they have debtors of $3M & receipts from customers of $1.6M (can't all be last years' sales)?? A bit of commentary around this may have helped stop spooking investors with the pathetic revenue of $500K! 3. The investor relations presentation on the web site is 2 years old...surely they have an up to date one used with the institutions they can upload? 4. Assets available for sale $6M...where are we at with these?? If they can sell half this year, then we have a very strong balance sheet. Answers on a sunny Melbourne postcard please Mr. Byrne? Pi$$ed off too, but I'm here for the long haul and confident all will come good eventually...providing we don't keep issuing millions of shares! GLA