No problems at all Samwiise... glad you made some coin on WAS.I...

  1. 776 Posts.
    No problems at all Samwiise... glad you made some coin on WAS.

    I think people are underestimating it though... this story has some real wheels.

    http://www.proactiveinvestors.co.uk/companies/market_reports/62368/most-followed-merlin-entertainments-rbs-wasabi-energy-premier-african-minerals-0000.html

    "On the small cap side of things, Wasabi Energy (LON:WAS) shares continued to power up after Thursday’s announcement that it could bag more than A$70mln from a Turkish geothermal project.
    Plans to expand the Tuzla Geothermal Power Project were validated by an impressive set of numbers from a pre-feasibility study.
    It showed an indicative net present value (NPV) of A$142 million, an internal rate of return (IRR) of 57% and EBITDA (underlying earnings) of A$19.6mln.
    Wasabi is hoping to generate 25 megawatts by 2015, but Tuzla could power up to 18.5 MW on its own.
    China meanwhile has the potential to generate as much as 100 MW for the company, making its 25 MW target look somewhat conservative.
    After an impressive rise over in Australia, where its shares are also listed, Wasabi jumped 20% in London to around 0.45p, with 33mln shares changing hands before midday."
 
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