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Good to see more progress from Wasabi Energy, however once again we have an Rns that is very difficult to interpret and has added little or nothing to the share price. Does anybody have any idea what sort of money is involved in a 25 % stake in AAP Carbon Holdings Ltd and where the money is coming from? Wasabi said it was continuing its feasibility study for the initial 6 MW Kalina cycle power expected to be completed in the coming months, this was announced mid November 2011 with 20 weeks study given as a guide. I assume if it had been found not to be feasible by now the studies would have been given up, therefore just another few months to wait then for confirmation of this hugely important contract.
These large buys could be linked to the start of trading on OTCQX, which i understand could be 14th March 2012. I am still hopeful that positive news will be announced to coincide with the ADR launch.
Looks like the MMs took the day of in America without telling anyone, as i can't see any trading action!!!
I haven't fully understood your message about British Bulls, but good to see your other posting that contains some good points. As well as Wasabi Energy on the ASX it is also interesting to keep an eye on ARW & CLQ as there performance will also affect the share price (CLQ look to be going in the right direction). The ADRs have been good to go for over 2 weeks now, so what is holding them back? As previously suggested my cynical guess is that they are waiting for some good news to announce that corresponds with the start of the ADR sales, otherwise how are they going to sell 6 million ADRs (600 million shares) in America? The Ancellor Mittal contract would be fantastic but confirmation is probably still 4/6 weeks away. I don't like to make price predictions but surely if, as, and when the Mittal deal is confirmed the share price will go back above 2p.
Good to read another of your thoughtful and well constructed posts. Why do you go to the trouble of posting this childish ,self pitying dross? We all want to see the SP increase, and hopefully with the continuation of positive news it will happen. A decision on the South Africa, Arcelor Mital project can't be too far way, and this must have a contract value in excess of £30 million. I believe this contract is crucial to Wasabi Energy, and a successful implementation (all be it a long time away) would create massive further potential for Kalina Cycle Technology, not only with Mital, the worlds largest steel producer but many more of the worlds big players
A year of consolidation completed and all the foundations complete, just the Pakistan Kalina Cycle Plant to finish. All positive and even encouraging news from Aqua Guardian. The Renewable Fuels share price halved from Dec 10 to Dec 11, hence the $2.8 million write down, as stated they have already drawn out the original investment. Looks like the springboard is set to start filling the order books. The only disappointing note is the reaction in the share price and people selling up. I also struggle to see how the ADR's are going to sell in America without some kind of positive follow up.
Well said in your last post and good to read something constructive. The latest Rns is probably great news, however it seems impossible to put any monetary value to it. My only concern about Wasabi Energy is Aqua Guardian as little or no information available regarding confirmed orders. For what it's worth I still expect an update when we finally get going on the ADR's.
Today's Rns was a long time coming, however it is extremely technical and will probably go over the heads of all but the most enthusiastic Wasabi fan. It gives no clues as to the financial implications or possible financial revenues, but hopefully it might stop the rot in the descending share price Hopefully we will have further updates to come as in January 2011, Wasabi Energy announced a landmark contract with FLSmidth to build the world’s largest Kalina Cycle® power plant at the Khairpur Cement Plant in Pakistan operated by the D.G. Khan Cement Company. Site works for construction of the 8,600 kW Kalina Cycle power plant at the Khairpur Cement Plant in Pakistan should have started in the fourth quarter of 2011. Power generation from the Khairpur Kalina Cycle power plant is expected to commence in the first quarter of 2012. Hopefully the ADRs commencing in America, along with a few orders for Aqua Guardian might also help lift the share price.
What does that message mean?
I bought a small amount yesterday at 1.505p. I have stated before that i think news will be provided when shares start trading in America, the WSBLY shares are now cleared to trade on the Pink and just waiting for a market maker to enter a price. Yesterday on AIM there were 95,000 shares traded, none on ASX today, and 480,000 on AIM today. Why go to the trouble and expense of listing on the OTC Market for this sort of minimal volume? they have 6 million ADRs to sell I have high hopes of news within the next couple of days (when trading starts in the U.S.A), and expect it to contain good news, otherwise they aren't going to sell shares to the Americans.
The OTC website has changed to show Wasabi Energy (WSBLY) now on the Pink. No prices available but a step forward and hopefully a bit nearer to a much needed trading update.
An announcement on 5th October 2011 by Clean TeQ (ASX:CLQ) states that Wasabi Energy / Aqua Guardian Group increased their holding from 18.37 million shares to 32.67 million shares or a holding of 26.09%, the additional 14.3 million were bought at 3.7cents per share. The recent rise in the share price equates to a value increase of approximately $275,000 Australian dollars. Please accept my apologies for the error.
Unfortunately a news blackout for the last few months hasn't helped the share price. A project in Japan with SSNE for small scale hot springs should have been completed at the end of 2011, and the DG Khan cement plant should be completing a 8600kw Kalina Cycle Power Plant in early 2012. The cynic in me thinks the lack of news is linked to the ADR programme announced in November 2011, which has yet to start trading. My guess is we will get news when these go live, otherwise how will they sell any shares in the U.S.A without a positive update?
In June 2011 Aqua Guardian bought 10 million shares in Clean TeQ (ASX:CLQ) at 5 cents per share, this holding has since increased to around 13.7 million shares or a 26% total holding. The price of these shares has rocketed during the last few days and are now worth 0.13 cents per share, a rise of approximately 160% or about $1 million (Australian dollars)!!
The ADRs on the American OTCQX are due to start trading in the next few days, surely this will coincide with a trading update to stimulate the market.
What a ridiculous suggestion, pump and dump!! I remain confident about this company, however the lack of news is very poor, and a trading update is long overdue.
The ADRs announced on the 15th November 2011 have not yet started trading on the OTCQX market , however they are registered as WSBLY. I expected a Trading Update to coincide with the start of trading in the U.S.A, unfortunately Wasabi Energy seem to have stopped providing regular shareholder updates.
In June 2011 Wasabi Energy announced a global license agreement with FLSmidth, who had already identified more than 10 plants for potential application of Kalina Cycle® technology. FLSmidth has recently signed a contract for two cement projects worth a total of USD 132m with the company Cimpor Cimentos do Brasil Ltda in Brazil, along with a lime project in Uruguay announced in September 2011. Do these contracts include Kalina Cycle Technology? Through the development of the Kalina Cycle® power plant for the World Expo pavilion, SSNE have been contracted to complete the second Eco-Gen Kalina Cycle® power plant for small scale hot springs in Japan. SSNE were finalising the completion of the unit which was to be delivered in the second half of 2011. Has it been delivered? The Khairpur Kalina Cycle® plant in Pakistan is on track to produce first power in the first quarter of 2012 (according to July 7th 2011 trading update). Is it still on track? On 6th December 2011 an update on Aqua Guardian was issued, however there don't appear to have been any confirmed orders. Is this correct? I have posted before that the ADR programme due to start shortly in America might produce answers to some of the above questions. A positive trading update will be required to gain interest from prospective U.S investors prior to shares being issued. I remain upbeat and confident that Wasabi shares will produce a long term highly profitable investment, however i do hope that a positive update is imminent as the current share price is not pleasant reading.
The ADR facility announced mid November must now be progressing. Assuming they start trading on the OTCQX market early in 2012 i anticipate a positive January Rns and trading update to help stimulate the market and encourage the Americans to buy into Wasabi Energy. The project currently being undertaken can't be built overnight and the fundamentals of the Kalina Cycle and Aqua Guardian haven't changed. I strongly believe this share could significantly enhance my pension in a few years time, however like many other posters i can't deny frustration at the lack of news and positive progress during the last few months.
WAS could do with supplying an update on current activities including: The 2011 Annual Report states that SSNE have been contracted to complete the second Eco-Gen Kalina Cycle® power plant for small scale hot springs in Japan, completion of the unit which will be delivered in the second half of 2011. The ADR programme announced on 15th December, there is no mention of Wasabi on the OTCQX website. What is happening with them?