KPO - Kalina Power

Is this the next Uranium stock to run?

All chart indicators showing very positive signs indeed. Very strong late run on Friday. Latest announcement makes for a good read. Excellent Uranium leases in the NT and spinoff Rum Jungle Uranium (100% owned subsidiary of WAS). NT uranium ground is adjacent the GPN/YRR area.

This stock seems to have fallen below the markets radar and I thought worth an entry on Friday and did.

Re: WAS - WASABI ENERGY LIMITED

Crescent Gold Limited Rum Jungle JV

Crescent Gold (TSX:CRA)(ASX:CRE)(FWB:CRE5) has exercised its option to purchase the Northern Territory leases for $550,000 pursuant to the announcement 5th September 2005 and transferred the granted leases into a 100% controlled subsidiary, Uranium West PL. Crescent Gold is focused on completing the commissioning of Laverton Gold Project. In order to progress exploration, Uranium West has subsequently entered into a Joint Venture Heads of Agreement on the following Leases with Rum Jungle Uranium Pty Ltd. Rum Jungle EL 24866 EL 24898 Tennant Creek EL 24835 EL 24834 Rum Jungle Uranium has the right to earn a 25% stake by spending $200,000 before the end of 2007 and a total of 50% by spending a further $400,000 by the end of 2008. Uranium West (Crescent) will have the right to contribute to exploration at this stage and hold its interest at 50%. Should it elect not to, Rum Jungle Uranium will have the right to spend a further $500,000 to increase its stake to 75% by mid 2009. At this point, Crescent can elect to contribute to the exploration program or reduce to a 10% free carried interest. Rum Jungle Uranium is a 100% owned subsidiary of Wasabi Energy PL, and is focussed on uranium exploration in the Northern Territory. Its portfolio includes tenements over the Woolner Dome, on interpreted extensions of the Giant's Reef Fault about 75km east of Darwin, and 1300 square kilometres of EL's near Paddy's Jump Up, east of Alice Springs. Rum Jungle Project Rum Jungle was the Northern Territory's first uranium discovery and Australia's first large scale uranium mine (1950-1971) and produced 3530 tonnes of U3O8 at head grades ranging between 0.28 and 0.41% in the different ore bodies (Uranium Information Centre; Spratt, 1965 and Lowson, 1975). Field investigations will occur once Title applications are complete. Tennant Creek Project This area covers over 1300 square kilometres and was described as the Short Range Project by CRA in the 1980's when they explored it for uranium. A strong radiometric feature proved to be related to hot, younger intrusive granite. Water samples collected during the drilling of the granite were noted to be exceptionally high in uranium. Further work by the CSIRO and CRA suggested that no higher uranium in ground water had ever been encountered in any available literature. Exploration will target unconformity and palaeochannel hosted uranium targets surrounding the granite. Information on Crescent Gold Limited and technical reports on the Laverton Gold Project can be found on the company's website www.crescentgold.com.

Re: WAS - Wasabi Energy

Linked with Cambrian Mining amongst others with excellent alternate technology licences, exposure to coal via Cambrian and Uranium in the Northern Territory. No startling performance as yet, however on my watch list, quite diversified and with a low market capitalisation of around AUD$16m strong potential in my view.

http://www.cambrianmining.com/Busin...urces_and_Technology_Group/default.aspx?id=14

disclosure:
watch (movement noticed with increased volume, but recent uptrend remains unconfirmed)

Re: WAS - Wasabi Energy

Do these guys still have the 'Kalina cycle' rights for thermal generation optimisation?

Weren't Siemans utilisng the tech' @ some geothermal sites in Europe somewhere?

From memory their were some big names supporting this technology (Microsoft's Paul Allen etc) sorry not uranium related I know.

Re: WAS - Wasabi Energy

jtb said:

Do these guys still have the 'Kalina cycle' rights for thermal generation optimisation?

Weren't Siemans utilisng the tech' @ some geothermal sites in Europe somewhere?

From memory their were some big names supporting this technology (Microsoft's Paul Allen etc) sorry not uranium related I know.

Click to expand...

"Exergy Inc
Wasabi continued to support the 46%-owned Exergy on the basis that it believes the technology provides sustainable efficiencies in what is considered to be a massive growth market. The focus on green power continues to gain momentum as the realisation dawns that the sustainability of life on our planet depends on it. Licencees include Siemens (Europe), AMP Resources (USA), Geodynamics Ltd (Australia), X Orka ( Iceland) and Ebara Corporation (Japan).

Of these licensees, both Ebara and X Orka have operating plants and have been providing power to industry and village residents respectively. All licensees are committed to the ongoing evolution and implementation of the Kalina Cycle and its ability to offer a viable technology alternative to competing technologies that specialise in the efficient production of energy from low temperature geothermal and waste heat projects.

Licensees have made representations to Exergy that they have begun construction on a range of projects. Both Exergy and Wasabi continue to monitor progress carefully and are confident of securing royalty streams in addition to royalties already being received by Exergy from Siemens in Europe.

Wasabi has recently been negotiating the sale of its interest in Exergy to a third party and hopes to complete the transaction by the end of the year. If the transaction is successful, Wasabi will be compensated with cash as well as shares in the purchaser. Thereby maintaining its exposure to this groundbreaking technology."
source: http://www.wasabienergy.com/overview.html

Re: WAS - Wasabi Energy

Jumped onboard as they look set to spin off their U Assets which look really
good,

leases are in N.T. 3 are near the Old RUm Jungle Mine, as such no doubt IPO will be heavily oversubscribed and hence only holder holding I'd say a decent parcel of WAS say 100,000 shares+ would get any

DYOR

Re: WAS - Wasabi Energy

I totally agree with YT, i got a large parcel, early last week. U-spin offs can do a world of good for share prices (eg EVE, KOR etc). This will be no exception since all its tenaments are in N.T, get ready for blast off when the IPO approaches during the June Q.

its assemblied a nice portfolio of exploration landholdings in the NT, particularly EL24866 and EL24898 (the rum jungle JV)..these i believe are adjacent to CMR's Mt finch U deposit. Woolner dome and alice springs exploration licenses also seem encouraging.

Judging by the current SP, 100,000+ as a cut off for priority offers seem reasonable, have a look at KOR, 15000 cut off, thats like 15k at current prices, so the key to KOR was to get in early, when it was 30c-50c.
And just one final word, RUM JUNGLE PTY LTD was converted to RUM JUNGLE LTD, so the IPO is well on its way

As aways DYOR

Re: WAS - Wasabi Energy

The director of was selling a lot of his shares recently which is not a good sign. What do you think? Is the director of this company stupid?

Re: WAS - Wasabi Energy

ta2693 said:

The director of was selling a lot of his shares recently which is not a good sign. What do you think? Is the director of this company stupid?

Click to expand...

well selling may be for personal reasons, but one thing's certain, if a director is buying, then it gives a good indicator

Re: WAS - Wasabi Energy

Are you guys aware of this ? check out the links

http://www.sea-us.org.au/oldmines/rumjungle.html

good point : previously explored
bad point : from the environmentalist point of view, they will be a big roadblocks for thsi project

Re: WAS - Wasabi Energy

Just wondering what you guys think of the current chart. Potential for a breakout from an ascending triangle? Triangle has been forming over the past couple of weeks, and the recent jump in rel. volume would suggest a classic asc triang breakout is coming. This would also break it out of a recently formed line of resistance. Thoughts?

Re: WAS - Wasabi Energy

Hi everyone.....

just checking does anyone know when the public listing of Rum Jungle going to happen?

No signs of it though......

Re: WAS - Wasabi Energy

The 3 tenements have been transferred to Rum Jungle Uranium. Does this give any indication of how soon the spin-off may now occur?

Re: WAS - Wasabi Energy

Good announcement today for wasabi energy, joint venture with amp capital U.S

GEOTHERMAL ENERGY JOINT VENTURE WITH AMP CAPITAL PARTNERS
FORMATION OF GLOBAL GEOTHERMAL LIMITED
Wasabi is pleased to announce that it has entered into a number of agreements to form a
new joint venture with AMP Capital Partners LLC, a U.S. based private equity fund
("AMP").
Pursuant to the Transaction a newly incorporated English subsidiary of Wasabi ("Global
Geothermal Limited" or "GGL") has been incorporated and will acquire from AMP the
entire issued share capital of Recurrent Engineering LLC, a Delaware corporation
focussed on the delivery of highly efficient Geothermal and Waste heat power stations
and technology. GGL will also acquire the benefit of certain debts owed to Wasabi by
Exergy, Inc., and the associated security. In addition GGL will be granted an option over
Wasabi’s shareholding in Exergy, for the sum of $1 as part of the overall deal.
Completion of the Transaction is due to take place on 31 July 2007, or such other date as
Wasabi and AMP may agree. On completion Wasabi will hold 70% of GGL and AMP
the remaining 30%.
.
Tim Wise
Managing Director

Click to expand...

Yes i hold, Go the green fuels
Oh up 7% today and nearly 6million in shares Which for wasabi is alot in a day lately

Re: WAS - Wasabi Energy

Up 17% today on Large volume 9.5 million.
Put this on potential breakout alerts
Is WAS about to crack ? Short term resistance i think has been broken on Excellent volume, Someone out there with expertise on the Technical front Help Out with a more detailed Graph and analysis Cheers Thanks

Re: WAS - Wasabi Energy

Well, i'm certainly no expert on TA.
But i have been watching this one for almost half a year now, IMO there's a potential for a breakout, but wouldn't hold my breath until it can break 0.05c and hold it there for a few days.

For all we know, the rise could be short-lived following the trend of other U spec's bullish behavior in these couple of days.

The next few days should prove interesting.

Re: WAS - Wasabi Energy

Nice movement today up over 5c mark, High of .053 currently at 5c (6% move) on good volume of 7.3 million, A close above 5c would be nice ,Potential U spinoff could be the interest in this lately

Re: WAS - Wasabi Energy

Finally, the sp caves in to the buy pressure. It has spent quite a few days with buy orders outnumbering sell orders almost 5:1. Should be interesting to watch.

Re: WAS - Wasabi Energy

They still appear to be increasing their focus on renewable energys which is Good (Yes still holding )

Announcement out just before the closing bell

Investment in Greenearth Energy Limited

Wasabi Energy has made a $250,000 investment to take a pre IPO stake of 12.5%
Greenearth Energy Limited.
Greenearth Energy Limited is an Australian Geothermal energy company that is
intending to explore for and develop geothermal resources in Australia, New Zealand
and in the wider Pacific Rim.
Geothermal energy is being increasingly recognised as having the potential to deliver,
clean, reliable and renewable energy that is capable of a wide range of uses with very
low or no greenhouse gas emissions.
The company has been awarded 3 geothermal exploration permits by the Victorian
Government and has issued a prospectus seeking to raise $15 million in an initial
public offering and a listing on ASX Limited.
Tim Wise
Managing Director

Click to expand...

Wait and see i guess
The green machine awaits the dream to pump the steam :

Re: WAS - Wasabi Energy

Wasabi Energy will be a huge winner out of the election result, with the market focussing strongly on alternate energy companies. Wasabi is not only oversold it offers excellent exposure to this sector which will now be highly sought after.

http://www.wasabienergy.com/