I feel a bit of a dunce for not getting this when it was 1.3c. The big buy from the MD and the obviously huge potential really drew my attention but I had other priorities.
Now in at a 2.2c average (after I cash in the options) and am increasingly impressed by this company. Licencing the Kalina technology is really helpful for a company this size - revenue will roll in without needing to build all those capitally intensive manucaturing and demostation plants. Licencees also doing the testing and marketing.
The fact that the industry is choosing the use Kalina in more and more applications says alot about the technology. I don't have the technical skills to evaluate it but people building factories to build the units, and demonstation plants to test industry specific applications really says alot.
Even if the China plant produces at half capacity, thats alot of cash to WAS. They can then use excess cash to build their own energy portfolio (build-own-operate). Seems to be an excellent plan.
Management also top notch and has trod this path before.
Happy 2011
WAS Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
