The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
You are right. They have to raise the $4million final payment for Turkey as its due 30th November. Just wish we knew more on the reasons for the delays with the FL Smidth Kalina Cycle Plants, getting them completed will settle a few nerves. Get through to the end of March 2014 and things should look good..
Could that be the end of Blackrock? Lets hope so.
Are you all aware of the financial commitments for the next 6 months. If not, have a look at page 27 of the financial report on the wasabienargy.com website.
I absolutely agree with you, one year from now and we will be much wiser. If Mr Byrne succeeds we will also be considerably better off. Unfortunately the MM's have taken control of the SP for now, but we are still 50% up on 10 days ago.
If you read the notes to the financial statements in the annual report, and understand what is required financially in November and the following months to fund the final payment of the Turkey project along with other commitments, there will need to be some good news. Hopefully this is the start of a positive spell of news, the foundations have been built, just needs time, patience and probably a bit of good luck. At least the idiots have now moved on.
Mm's certainly playing silly beggars since around 12.00 today, but how long can they keep selling at 0.599p, they must have sold in excess of 30 million at this price. Over 100 million traded today and very few sells, where do the mm's suddenly get there supply?
Good to see so few sellers. As always 0.51p (Rights Issue Price) seems like a brick wall, get clear of this and it will be very interesting to see how high this can go before more news.
Wasabi have issued the equivalent to a "we know no reason for the rise in SP and massive volume", other than highlighting the information and huge potential from last weeks news. 52 million shares traded is massive, and at one point last night they were 80% up. Perhaps people are realising the potential of the company and that the current price is very cheap. Interesting day ahead!
You can only buy 1 million now before negotiated trade. Starting to get interesting
You can buy 3 million at 0.394p on Halifax before it goes to negotiated trade, so mm's can't be struggling that much for stock. I don't understand where they get the supply from when something takes off and suddenly there is big demand. The mm's certainly don't seem to be in a hurry to put this up above .4p, however it is good to see a much improved level of interest. If John Byrne pulls it off and achieves his targets for 2015 the future SP will be massive in comparison to now.
In the Rns issued on 30th April 2013 it states that five Kalina Cycle Plants are under construction, the Rns today states just three are under construction. The Rns 0f 30th April also stated that the Pakistan plant was under final commissioning, so 6 months on and little or no progress, why and what are the problems? As Mk3pete states the projects need completing, and the secrecy behind the delays is probably the reason for such a poor share price. This morning saw some large buys prior to the Rns, since the news there has been a sell off and the price is back to square one, so clearly not the news investors are wanting, but hopefully might just stop the rot for a while.
There were a lot of buys today, a couple of them around £5,000.00 and I don't believe people invest that kind of money without a certain amount of confidence. The big 5 million sell at the end of the day did spoil things, however I am assuming this is Blackrock continuing with their disposal. The shares appear to be dirt cheap at the moment, but I won't buy any more until I see progress on the completion of the Kalina Cycle plants currently under construction, one thing for certain is that if John Byrne and Wasabi Energy achieve there ambitions of 25MW power generation by 2015 the current share price will be a distant memory.
I am starting to doubt if anybody actually works for Wasabi Energy, no progress on anything.
It's the 4 Kalina Cycle projects that seriously concern me, progress on them is beyond a shambles but why?
The last Rns stated that a project update would be issued in September. Will it be the last or is there actually going to be some good news?
A positive update on projects is desperately needed, if we get one it will be very interesting.
The latest Rns confirms there will be a project update before 30th September 2013. Hopefully this will be the catalyst to finally making some positive progress in increasing shareholder value. I can't believe John Byrne will let this fail, however they really do need to get the DG Khan Pakistan Kalina Cycle Plant up and running along with confirmation of private investor funding as outlined in last weeks update. The company is only valued at around £16 million, it wouldn't take a lot to become worth 10 times this amount, the companys investments in LEC & ACQ alone are worth around £6 million.
Wasabi and John Byrne continue building the foundations of a potentially lucrative energy provider. When you read what they are going to do it is fantastic, my one reservation is that we have been hearing what is going to happen for the last 2 years with very little actual delivery. The DG Khan Kalina Cycle Plant in Pakistan has been in final commissioning for 4 months, and SSNE are now in the final stages of commissioning a plant in China, bring these plants and other projects to a timely and successful completion i believe they will succeed.
While we continue the endless wait for the completion of the FL Smidth Kalina Cycle Plants, Wasabis' investments are doing extremely well. Australian Renewable Fuels has more than doubled in the past month and Lignol Energy Corporation are up 26% today. Surely this will reflect in a better SP soon.
Salida Accelerator Fund from Luxembourg (see ASX announcements). They must have some confidence in the company to invest €2 million. This takes care of the shortfall from the rights issue, just the $1.5 million needed that is/was coming from Augut. The investments are doing OK., so funding can't be an immediate problem, just need to complete some projects.