"Wasabi’s shares are up 50% in the past five days of trading to 0.49p each on the back of the Hinkley Point deal".
“If the proposed Hinkley Nuclear Power Plant strike price of £92.50 per megawatt hour is reflected in the wholesale cost of electricity within the UK, the Kalina Cycle® projects being promoted by Wasabi Energy will become exceedingly attractive,” said chairman John Byrne.
Any company that lets its stock rally on an article it makes a comment on and cant be bothered coming out with an official ASX announcement mentioning a potential deal is party to the ramp imo. I give this company no credibility what so ever. Buy if you want but make sure you take your profits before reality sets in.
The ASX will have a field day if they actually did come out with something substantial with this Hinkley point Deal because they told the ASX yesterday that there is nothing going on other than the turkey power project announced on the 18th.
What sort of company is comfortable having 4.5B shares (including options and warrants) anyhow.
WAS Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
