WAS 0.00% 0.4¢ wasabi energy limited

Ann: Wasabi acquires geothermal power plant , page-2

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  1. Dis
    3,741 Posts.
    This seesm like a great announcement:
    - reliable income stream from power production
    - allows technology to be demonstarted to the world and specifically to iceland which has large geothermal resources
    - likely has made aquisition on attractive terms (asset currently not producing, in house team and technology, possible off the shelf unit from china can be used)
    - likely first step in exploiting the low heat resources in Icland - first mover advantage
    - sympathetic industry focused bank
 
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