Spotted this in the IC.....they rate it.....could be a blue sky share I suppose...took a smallish punt on it...but not sure....lots going on within this company...

Finally back into profit! - Hopefully it will begin a strong run-up to the results in August.

RF - can you put a chart in the header?

Sorry, haven't a clue as how you do that.....but money am do have a few graphs running....more, much more to come from this company...

Don't like the red today....too many sells....they must be bonkers...

Has had a nearly 50% rise in a short period so people who bought around 2p would have made a nice profit. I've sold half today but am using the money to re-buy them in my ISA and add even more.

Staying put myself....and bought some for the isa yesterday.....very promising future for this one; I think so anyway....

required field,

Skinny (a fellow poster) has asked me to add a chart to the header of this thread. As it is your thread do you have any objections? If not let me know and I will make the necessary changes to the header,

Ian

No, none at all, go ahead.... my internet skills are limited, very interesting this share....

Topping up at 2.025p, full year results out at the end of the month, that's when everyone will start to take notice.

Nice to see Wasabi moving up nicely - purchased more at 2.025 as well and finally in profit:)

RNS Number : 2978N

Wasabi Energy Limited

31 August 2011

31 August 2011

Wasabi Energy Limited

("Wasabi," "the Company" or "the Group")

Final Results

The Board of Directors of Wasabi Energy Limited (AIM: WAS.L) present the final, audited financial report of the Company and its subsidiaries for the year ended 30 June 2011.

The Company's three main investments currently comprise:

Global Geothermal Ltd ("GGL") - 97% owned with agreement to purchase remaining minority interest

Aqua Guardian Group ("AGG") - 47.5% ownership

Australian Renewable Fuels ("ARF") - 17.33% ownership

Highlights

-- Successful listing of Wasabi on London Stock Exchange Alternative Investment Market raising A$7.9 million (GBP4.9 million)

-- Appointment of key management including Chief Operating Officer and President International

-- Global Geothermal Group signs licensing agreement with FLSmidth for the global deployment of Kalina Cycle(R) power plants in the cement and lime industries

o Pipeline of over 10 plants under review

-- Enhanced build, own, operate suite of Kalina Cycle(R) power plants with two plants secured

-- Further commercial development of AquaGuardian Group's AquaArmour water conservation product

o Successfully deployed across three sites in Australia

o Joint venture with Srithai Superware PLC in South-East Asia

-- Australian Renewable Fuels increases capacity to 150+ million litres per annum and secures feedstock at constant price

-- Additional placing to satisfy institutional demand raises GBP3 million (A$4.8 million)

Post Period End Highlights

-- Agreement to underwrite the proposed rights issue of Clean TeQ in line with AGG's strategy of becoming a major water company

Mr. John Byrne, Executive Chairman of Wasabi Energy, commented:

"This has been a transformational year for Wasabi with our successful listing on AIM. We have a strong management team, further bolstered by two key appointments during the year, and have continued to develop and achieve commercial success with each of our environmental sustainability solutions. We believe we have the platform in place to continue to develop our various businesses and we are excited about the pipeline of opportunities that lie ahead."

Wasabi Energy Establishes Kalina Cycle Project Development Company in Turkey.

. Wasabi Energy subsidiary to focus on build-own-operate Kalina Cycle projects

. The establishment of Imparator Enerji to spearhead development of IPP business in Turkey

. The Kalina Cycle well positioned in the rapidly growing Turkish renewable energy sector

. Imparator Enerji to deliver presentation at GeoPower Turkey on 21 September 2011

The directors of LonZim PLC (AIM: LZM), Beowulf Mining plc (AIM: BEM), Respect Your Universe (OTCBB: RYUN) and Wasabi Energy Limited (AIM: WAS) will be presenting:

Tuesday the 11th October 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

FREE registration : http://www.proactiveinvestors.co.uk/register/event_details/123


This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

Maybe of interest to any holders - United States to lead the world in geothermal power capacity

Wasabi Energy Limited
("Wasabi," "the Group" or "the Company")

Wasabi Energy Establishes ADR Programme

Wasabi Energy (ASX:WAS, AIM:WAS) announces today that it has appointed Bank of New York Mellon as its depository bank in relation to the establishment of an American Depository Receipt (ADR) programme. The ADR programme allows stocks in a foreign corporation to trade in the United States of America. Each ADR represents a specified number of shares in the company. ADRs are bought and sold like a normal stock. The Wasabi Energy ADRs will be issued by the Bank of New York Mellon.

Wasabi Energy is already traded on the Australian Stock Exchange and the AIM market of the London Stock Exchange. There will be a capped amount of 6,000,000 ADRs which represents less than 25% of the issued share capital of the Company and will be created on the ratio of 1 ADR to 100 ordinary shares.

The ADR programme will be established on 21 November 2011 and the ADRs will be available on the pink sheets shortly thereafter.

In addition the Company has appointed Casimir Capital LP to be its Principle American Liaison in relation to the trading of the Company's ADRs on the OTCQX market. The OTCQX is the premium tier of the US Over the Counter (OTC) market. It provides non-US companies access to US investors without the regulatory cost of listing on the US exchanges. By listing on OTCQX Wasabi Energy anticipates a broader coverage to potential ADR holders in the US. Trading on OTCQX is expected to commence in the near future once regulatory approval is granted.

John Byrne, Executive Chairman of Wasabi Energy commented "the implementation of the ADR programme opens Wasabi Energy to a new market of investors in the US. The establishment of the ADR is a result of a number of conversations with US based institutions who are supportive of the business model but due to their structures for share ownership and compliance costs associated with holding ordinary shares in overseas markets, are unable to take a position. The ADR programme facilitates US based shareholders to hold investments in foreign listed entities with minimal transactions cost. In addition the listing of the ADR on OTCQX will broaden our reach to those sectors of the US investment community such as private wealth managers and small to medium funds which are not currently accessed. Wasabi Energy is a global company and we are excited about the issue of the ADRs which together with the ASX and AIM listings make Wasabi Energy more accessible to the global investment community."

Good news today .....big contract !.

Here is the RNS. Wasabi Energy Signs Term Sheet with ArcelorMittal South Africa, for 30 MW Kalina Cycle Power Plant.

Anyone speak Australian? :-) Appendix 4C cash flow statement as released to the ASX.

Topping up, averaging down, whatever you want to call it, it's a bargain at 1.5p. Long term, slow burn, be rich one day on the back of this and Mr Byrne.

Wasabi Energy Limited
("Wasabi," "the Group" or "the Company")


Wasabi Energy Achieves Start-Up of First Kalina Cycle® EcoGen Unit at a Japanese Hot Spring.

§ First Kalina Cycle® EcoGen unit for GERD completed and installed successfully
§ Recently installed Kalina Cycle® EcoGen unit incorporates next-generation micro-turbine technology
§ Demonstrates the advanced Kalina Cycle® as a technology suitable for global hot spring and geothermal markets

Wasabi Energy (ASX: WAS, AIM: WAS, ADR: WSBLY) is pleased to announce that the Geothermal Energy Research & Development (GERD)1 organisation has recently installed a Kalina Cycle®2 power plant at the Matsunoyama Onsen hot spring at Tokamachi, Niigata in Japan. The innovative Kalina Cycle® units based on the miniaturisation of the core technology are known as EcoGen units and were recently developed in conjunction with GERD, as part of an R&D project that was sponsored by the Ministry of Environment in Japan. The Kalina Cycle® EcoGen units have been developed specifically for low temperature applications in the Japanese hot spring market and other low enthalpy geothermal markets.

The first Kalina Cycle® EcoGen unit was officially opened during a ceremony by the Senior Vice Minister of the Environment, Mr. Katsuhiko Yokomitsu in the Niigata Prefecture approximately 160 kilometres from Tokyo. The geothermal power produced by the Kalina Cycle® EcoGen unit will be utilised by the local area and is the first operation of a binary power generation system in Japan utilising thermal energy from hot springs at a temperature below 100oC.

Following installation and start-up, the first Kalina Cycle® EcoGen unit will undergo extended testing and commissioning to optimise the performance of the installed unit. A second unit will undergo testing following installation to optimise the performance of the Kalina Cycle® system to ensure power generation is maximised during fluctuations in enthalpy parameters which are common in hot springs.

The recently installed Kalina Cycle® EcoGen unit was designed by Wasabi Energy's Recurrent Engineering subsidiary, with the power unit assembled in China by Wasabi Energy's Kalina Cycle® licensee in China, Shanghai Shenghe New Energy Resources Science and Technology Co. Ltd (SSNE).