WAS 0.00% 0.4¢ wasabi energy limited

Dis et al, why would a plant that is only 10 years old need...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 16,523 Posts.
    lightbulb Created with Sketch. 62
    Dis et al, why would a plant that is only 10 years old need refurbishment? Why did it cease operation? A running plant should be a cash generator not a burden on the Icelandic finances. Why is the brine source so far away? How does it get to the plant? In a pipeline of some sort, I guess?

    After a very quick Google, I found the answer (sort of) to the questions about the brine source here:

    http://www.iea-dhc.org/download/H%FAsavik.pdf

    Some other interesting tidbits there as well. Still haven't got to the bottom of why it has ceased operation or how much the purchase price is.

    P.S. A market cap of $75M is quite large. Good on them.
 
watchlist Created with Sketch. Add WAS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.