Member Info for madchick

Not sure - to be honest, I expect it to dip below placing price again about a week after it's done and dusted (going from past experience). Very tempting at these prices though and am wishing I had some spare money - if they meet their targets this year, it should all be good by end of year, but there is an "if" there!

Nice posts, LandOfBlueSand. If and when the FLSmidth stuff finally comes online, we should see a good push up again, although the icelandic project looks to be a bit of a shambles with delays now due to long lead times for parts and am not sure why these could not have been ordered earlier or why they don't already have their own stock. I'm not sure about the pre-IPO fundraising for WNEA - I'm guessing this is for IIs to come in and will not mean dilution or a placing as such? If we are lucky (ha ha), looks like 2 projects with FLSmidth and 2 in China should be completed this year. If they manage to complete all four this year, this would help a lot. I have everything crossed! They've given a slightly closer timeline on divestment of non-core assets (next 6 months). I do think they have chosen well with these non-core parts of the business - just wish the core business would perform as well as these! Not sure how quickly they need the money - wouldn't expec them to be making profit yet as they need to spend to get the plants up and running. It just takes a long time and they are always behind schedule. That's the frustrating part. And then there's the mention of additional management for US, Asian and African expansion - this will require money, but we need managers that can really drive execution of the projects if they are to be worth the money spent on their salaries. I still believe in the potential, but the strong drift down of the SP is worrying and I do wonder if it means a placing is coming to tide us over until the projects are completed. They seem to be looking for co-investment in Turkey, so not sure whether WAS will reduce its percentage ownership there to ease cash flow problems? I am also feeling embarrassed at plugging this share, but I do still believe that it could turn around quite quickly if only a few of these projects could complete and start earning money! It always seems to be almost there...

Here's the link to the RNS'd article (thanks to freddie01 on advfn): http://www.wasabienergy.com/Downloads/News/75-76_PowerGen_Wastenot_MM1304.pdf Nothing new, really, to be honest!

I agree - we are awaiting quite a bit of near-term news and I still believe in the potential here for it to really turn around this year. We should finally have FLSmidth running soon (below is from Feb this year): FLSmidth, a leading provider of engineering services to the cement and lime industries has two Kalina Cycle® power plants under construction. The first a 8.6 MWe power plant at the DG Khan cement plant in Pakistan has commenced commissioning and is expected to be fully operational in the coming months. And you are right about WNEA - news was due end of last quarter with SSNE. Maybe when that is announced, people will be reminded again of the potential in China. They should do well out of Lignol when divesting assets (I guess news on this could come at any time this year) on this and acqua guardian. Of course, if there's no divestiture, there will be dilution, but both companies have done well since WAS's interest, so I don't forsee a problem (famous last words). I didn't think this would go below 0.8! I missed the RNS on Friday (had a long day at work): http://www.investegate.co.uk/wasabi-energy-ltd--was-/rns/wasabi-energy-in-mining-magazine/201304120700081872C/ GLA.

Looks as if WAS could turn round this year if (ha, ha) they keep to the newly updated timelines. They were very quiet about their financial situation and it looks to me that if they can sell their non-core assets we could avoid further dilution, but not guaranteed as is clear later on: The consolidated entity incurred a net loss of $3,104,819 and had net operating cash outflows of $3,691,034. Notwithstanding the above factors, the financial report has been prepared on the going concern basis, which assumes continuity of normal business activities and the realisation of assets and the settlement of liabilities in the ordinary course of business. At the date of this report, the Directors have considered the above factors and are of the opinion that the consolidated entity will be able to continue as a going concern and will be able to pay its debts as and when they fall due, based on forecasted cash flow through to June 2014. The above opinion is underpinned by certain key assumptions including: · the sale of non-core investments held in listed entities at a significantly higher value than their current market values, which have been disclosed in the statement of financial position at $9,947,031 (disclosed as $4,725,519 in other financial assets and $5,221,512 in assets classified as available-for-sale - current); and · the exercise of a significant portion of the warrants attached to the secured loan. If the assumptions do not eventuate, the consolidated entity has a number of other options available to realise cash that the Directors believe will enable the consolidated entity to pay its debts as and when they fall due including: · the ability to sell other non-core investments; · the ability to source additional equity funding, for which the company has a history of successful capital raisings; and · the ability to source additional debt funding, for which the company has a history of successfully securing. Nevertheless, all in all, very positive progress. I still like WAS!

http://www.investegate.co.uk/wasabi-energy-ltd-(was)/rns/epc-contract-with-sinopec/201301280700094571W/ Great expansion potential with WAS - major growth markets all being lined up.

I agree it's complicated! I would post more here if it weren't for the fact that it always takes me ages to get my head round the various bits of the business!

Well, I still check occasionally even though I am not "in". Happy new year, everyone. Last year we never thought we would have gone through what we have. But let that inspire us for 2013 to be better!

Does the fact that this BB still exists mean that there are some SYNC shareholders who refused to sell out to Myriad?

Hi Konan, nice to see you again! I held SYNC as MYRN for a while and then bailed out, putting my money into SXX and IOF (both of which I think will see good upside in the next 6 mths, IMO). I got rid of half of SYNC before it turned into MYRN. I've dipped my toes in here just because I've been watching it for so long, I'd be frustrated if it suddenly zoomed upwards. However, in truth I think I came in too early and that it may be better to wait until it is nearer profitability. The company is not predicting income/profits, the contracts are slow to get to fruition, the directors have upped their salary and ditched share options which to me suggests they don't expect to be able to profit from share options just yet. BUT, I feel I can put my faith in Byrne (although the repeated claims to not wanting to dilute never quite being true) - the foundations are all being laid. Yes, this sounds like SYNC, but we know the kalina cycle works, there's possible upside and revenue once the Pakistan plant comes online, and then the Icelandic plant should be up and running again next year. We await promised news of several contracts. Investments in LEC and the water thing in Australia have been good. I think there is a chance of a good newsflow, but, as has been said by WAS, timings are just very unpredictable. Still think IOF (ADVFN board is the best for info) and SXX (Iii board is v good) , both of which have very good management teams, are potentially better/"safer" bets in the mean time (and I have recently topped up in both), but at the moment WAS is my follow-up share to those.I never have a lot of cash at one time, so it always takes me a while to build a reasonable position in any one share. And I'm also very good at being wrong :-) Are you out of SYNC/MYRN? I hope all is going well for you!

It's slow progress, and disappointing to see the SP sub-1p, but there is still the potential for a lot of news - as said, the FLSmidth plant would be a major milestone. I believe we are expecting to reach agreement on a Kalina Cycle® power plant configuration at ArcelorMittal's Vanderbijlpark steel works as well as a power purchase agreement before year end, but let's see. WAS claimed that many licensees should be converting to projects in this half of the year. In the iii interview in Oct, they blamed the uncertainties down to inabiity to know when items would be able to be concluded. Up to mid November there can be a placing of additional shares by the directors - a remnant from the last equity raising - and still not too sure what this means for us as shareholders. They do need to get revenue coming in. From their website, AAP Carbon claims it is still on track for CDM registration late this year, which will then in turn give annual revenue. I'm not sure if WAS gets any of this or if WAS just benefits by AAP doing well. On another plus front, the SP of LEC has almost doubled since WAS acquired a stake and LEC has since itself acquired more of ARW (which is what we sold off to LEC in return for LEC shares). So, there's plenty to hope for in the last two months of this year. Fingers crossed.

Nice to see some director buying, but not very large amounts in Byrne's case.

I don't know how Alo got the email from MYRN - I thought I'd signed up for it, but never got anything. I'm out, but still! GLA

I agree, things have been delayed and the icelandic one isn't even on line. Also, I note that the directors got hefty pay rises this year instead of having options, which doesn't give much confidence (seems they think the options weren't relevant at this stage, which implies they do not see a quick upside to the SP). I am guessing they will all let their current options lapse (most are due this year). Do they still own their XTR shares (the website is a bit out of date)? They dipped 16% today! On the positive side, though, I would hope that things would start to look up towards the end of this year - with hopefully the Japanese and the FDLSmidth plants being commissioned and hopefully a power purchase agreement from ArcelorMittal. Or, this being AIM, things could get delayed again. Does anyone know what it means for the directors to be able to place the 50+ million shares by November - place with whom? On the market, with IIs, do they stomp up the cash?

My understanding was that there are three plants operational - one in Japan, one in Iceland, one in Germany. However, when researching for IOF a while ago, I found that Brine Electric were planning a kalina cycle plant in Oklahoma; this is still listed as a study on mannvit's map (I assume they are a subsidiary of GGL) http://www.mannvit.com/ProjectMap/ Anyway, just thought I'd mention it. Funny how researching one thing can turn up something on something else!

I've been watching this since about the beginning of the year, I think - can't really remember. Anyway, bought my first lot today, FWIW. I find WAS quite complicated, with it owning companies which themselves own parts of companies which then get part shares of profits in XYZ. I was also not too sure of the implications of the 51 million shares that can be placed by the directors up to November 2012 - does this mean placed on the market or is this an option for the directors to buy those shares? If those shares enter the market, it could drive the SP down. If it's an option for the directors to buy, why wouldn't they buy at lower than 1.1p (I assume they retain the same price???). I noticed that people were disappointed that the placing wasn't discounted more, but I actually thought it was quite an astute move. Placings always drag down the SP and if they had placed it at 1p, the SP would have gone below 1p. My suspicion, probably totally wrong, was that they don't want the SP below 1p. By placing at 1.1p they gave some leeway for a reduction without it going under the 1p mark. On the other hand, this could be a load of tosh because it's listed also in AUS! I was impressed that the directors bought into the placing as well, especially since the SP dropped below the placing price during the offer period. That showed confidence in the company (not sure how much arms were twisted!). Anyway, I thought it was a good thing. I have faith in John Byrne and believe I was first prompted to look into WAS after reading this or another similar article http://www.thisismoney.co.uk/money/investing/article-1723929/Small-caps-focus-Byrne-thinking-big-at-Wasabi.html I also like the green aspect to the company and the fact that I can feel good about what it is doing. Obviously, it is in its expenditure phase just now, but the groundwork is being done well and its tentacles are spreading with plenty of room for expansion in Turkey, China, Japan, and Africa. The technology seems to work, so I don't see proving it up as an issue, although we hear very little about the existing plant in Japan. As someone said, with a 2-3 year timeline from concept to commissioning, this will be a slow burner, but I see it as a great opportunity to get in early in what could be a major company. I believe it will snowball and that next year it will start to roll as extra plants get commissioned. I really like AcquaGuardian and that seems to have done very well Possible remaining news for 2012 as I see it: H2 2012: First FLSmidth Pakistan plant to be commissioned By mid Nov – placement of additional shares by directors can take place Strategic investor for ARW (is this now covered by Lignol?) H2 2012: Many licensees expected to convert to projects H2 2012 ArcelorMittal expected to complete feasibility and power purchase agreement (planned 2014) Separate listing for AcquaGuardian (or merger or trade sale) Trial deployment of AcquaGuardian in Texas Updat

Here's an interesting link that I stole from ADVFN - should give some cheer to remaining shareholders. Maybe those of us who left will weep! http://www.commsmea.com/12435-myriad-on-track-with-synchronica-integration/1/

I've bailed out :-( Can't muster enthusiasm and there's been no news at all. I'm actually trying to consolidate my shares at the moment, so hard to say what's gone where, but potentially 28% return on SLP with their special dividend in mid August if you get in by Aug 15th (and SLP is near its all-time low with cracking results today); otherwise been mostly topping up on my three favorites (IOF, SXX, VOG). All are due news near-term and have, IMO, excellent long-term prospects that will be greater than that of MYRN. Will no doubt be proven wrong!

sorry to see you go. I'm starting to feel quite lonely!

Just looked at the uk stock challenge website - they say we were in the end acquired by Myriad for 11.6p. Not quite what Myriad led us to believe.... Anyway, let's hope Myriad start doing something with SYNC soon. All these cooperations should still be continuing but we haven't heard a sausage.