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Robster, i tend to agree that no news is generally bad news. however i can easily see 1.2p by Christmas as predicted by jutrader if they get these projects successfully completed. I can't see John Byrne giving up easily on this for the sake of a couple of $million after all the time, money and effort he has put in. Final commissioning at the Pakistan plant seems to be taking an eternity.
The company have several million $ of investments they intend to sell as and when cash is required. If you follow ARW & CLQ (Clean Tec) on ASX they are going in the right direction, ARW (Australian Renewable Fuels) is up about 80% in the last month. There is also Lignol Energy (LEC on the TMX), which also appears to be going in the right direction, possibly because they have all the ARW shares. We wait as ever for news of the Kalina Cycle Plants that we led to believe are close to completion. Now 2 weeks since the news that Augut Energy appear to have withdrawn the offer, if they haven't got the money by now i don't think they are going to get it, so the investments increasing in value might be more important than ever.
A lot of your post is nonsense. They have several large projects ongoing, they have investments in LEC, ARW, CLQ and AAP Carbon valued at several million $. and Augut have just joined in with funding for 18 months of the new operation. I totally agree that performance to date leaves a lot to be desired, however your pessimism is a bit OTT.
I expected a positive news release this week to give the SP a boost and to encourage holders to take up the rights issue. Announcing the Kalina Cycle Plant in Pakistan was fully functional would have done the trick. Disappointing but the big game plan has to be a winner if they get there. Don't forget that taking up the offer directly helps the company towards the big picture, without funds isn't good.
Sorry, if you own 1 million shares you will be allocated 125,000 shares which will cost approx £650.00
I intend to buy my allocation. If you own 1 million shares it is going to cost you around £400 for an additional 80,000 shares, I assume most people will own considerably less shares so the expense isn't massive. Wasabi need the cash to complete (hopefully) some of the current projects and progress. They have investments which appear to be falling in value, just like ours, but if you believe in John Byrne and what Wasabi are trying to achieve it is a must. I am disappointed in the lack of progress from Wasabi during the last 12 months, and the quality and quantity of news from the company has deteriorated, however if 2015 expectations are achieved I feel confident we will all be well rewarded.
Sunday night up 50% on ASX, lets hope for another rise tonight.
The reason for the rights issue is to raise capital for Wasabi to fund the projects that need to be delivered as they are short of cash. If you take up the 1 in 8 offer the money goes direct to Wasabi. If you can afford it you should buy, as it directly helps the company. I am fully aware that the delivery of projects to date has been poor, however with the DG Khan Kalina Cycle Plant very close to full commissioning the SP could quickly improve when we receive confirmation that everything functions as expected. If the company gets through to 2015 and achieves its targets this will make us a lot of money.
This has become very interesting, and could be a superb opportunity at under 0.5p a share I have watched this for some time and think the Kalina Cycle project is a brilliant way of producing much needed cheap energy. John Byrne has built other huge successful businesses in a similar way to how he is building this, and his ability should not be dismissed lightly, along with the considerable time and money he has personally invested. The company performance to date for completing projects has been very poor, however they have 5 plants that should be up and running this year. I think when the technology is proved with a successful commissioning of the DG Khan plant in Pakistan, the order books might fill quickly. The foundations for a global business are being finalised, and John Byrne suggests the business could be a 1 billion m/c by 2018.
I have contacted Wasabi on a couple of occasions within the last 3 months about the DG Khan Kalina Cycle Plant to ask why it is so far behind schedule. My reply states that they are in the closed period and can't discuss information that isn't pubic, however it will be mentioned in the half year report which is imminent. The DG Khan website does state it should be up and running this quarter. Good idea to contact Muhammed, i don't have a linked in account either so can't help.
The half year report is due towards the end of February, clarification on what is going on with existing projects is urgently required. A lack of progress and failure to complete previously announced contracts is the reason for the static SP in my opinion.
I think if you keep adding at these prices you could make a lot of money, however it might be 2015 when it takes off. My worry having followed this for nearly 2 years is lack of progress on existing projects. If you go through the last 2 years news and announcements very little appears to have been completed. They need to complete some projects, a good start would be the DG Khan Kalina Cycle Plant in Pakistan. The half year report will be out towards the end of February, i am looking forward to a comprehensive update. Looking at the cash-flow from figures from yesterday, income is just $1.55million in 6 months.
If Wasabi can complete some of the previously announced contracts it might produce a considerable and consistent rise in SP. In my opinion the Kalina Cycle plant in Pakistan through FL Smidth is the key to this, currently a long way behind schedule (Wasabi Rns update from 07/11/2011), but both Wasabi and DG Khans web site state it is due to complete this quarter. This will prove to the world that it works (hopefully), and should lead to a flood of orders. Also what has happened to the second small hot spring unit in Japan, the geothermal project in Germany, and is the ongoing Husavik, Iceland refurbishment progressing? Wasabi certainly have the potential for a huge rise in SP over the coming years if its plans come to fruition.
Wasabi have investments but East Coal isn't one of them.
I am hoping the rise might be do to do with the completion of the new DG Khan Kalina Cycle Plant in Pakistan which is about 9 months overdue. Get confirmation of a successful completion and it should be the catalyst for this to take off!!
Get the Kalina Cycle Plant up and running at DG Khan in Pakistan and Wasabi will definitely be going in the right direction. Patience still required here but this has huge potential over the next 3-5 years. The share price of Lignol Energy is now up to 18 cents, not bad going from the 8 cents purchase price 3 months ago.
Hymanroth over on iii is panicking, stating if this company cant get a loan we are all doomed !! While progress is painfully slow, if they can get to the end product this company still has massive potential. They had $881,000 dollars at end of September, and they have investments worth in excess of $3.5 million a $2.5 million loan note and a $750,000 loan facility they can use. I don't know what income is due when the DG Khan Plant becomes complete, it is supposed to be this quarter but not holding much hope. Still a long way to go on this and if you have loads of patience and spare money it is beginning to look good value at 0.9p
Nothing is happening, that is the problem.
Successful conclusion of the much delayed DG Khan Kalina Cycle project in Pakistan might be a turning point, unfortunately Diane Bettess, Chief Operating Officer doesn't inspire me, and her monotone voice could put a glass eye to sleep. Not sure where revenue is going to come from over the next year or two, therefore my short term expectations of this company have greatly diminished as it could be 2/3 years until we see a turnaround. The cost of projects and the time required for completion is the killer.
They announce the contracts but never complete any, lack of progress is probably the main issue.