chops_a_must
Printing My Own Money
- Joined
- 1 November 2006
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Given that the CETO technology (the funky thing being tested off Freo) has been given some publicity recently, I thought I would start a thread with the only ASX listed company with exposure to this company.
In brief, this technology can generate electricity from wave power at the same time as producing clean water.
I also found this post very helpful, so cheers:
"Hi YChromozone,
Have been following your information on CNM. I have also been following this stock for sometime now and have built up a holding.
You mentioned a while back about CETO and the fact that it has been sold off to REH on the AIM n London - which is correct. As part of this deal they received some stock in REH and bought some more at the time of listing. They still hold most of this stock but sold a few recently to fund the listing of their mineral sand assets on the AIM also.
As part of the REH deal however they also secured the following:
1. The rights to invest / partnership in any future project involving CETO.
2. The rights to invest into future renewable energy projects deemed appropriate on same terms as REH.
This should allow them over time to build up a portfolio of renewable energy projects in Europe, anything to do with CETO and hopefully the commercialisation of a small clean coal project.
It is still a small stock with a long way to go and I think a capital raising will be needed to fund some of the above, however a government grant should be forthcoming if the clean coal is viable."
At the time of posting this, it looks like it may be building to a breakout from .035.
I don't hold. But certainly, it will be one I'll be keeping a very very close eye on.
In brief, this technology can generate electricity from wave power at the same time as producing clean water.
I also found this post very helpful, so cheers:
"Hi YChromozone,
Have been following your information on CNM. I have also been following this stock for sometime now and have built up a holding.
You mentioned a while back about CETO and the fact that it has been sold off to REH on the AIM n London - which is correct. As part of this deal they received some stock in REH and bought some more at the time of listing. They still hold most of this stock but sold a few recently to fund the listing of their mineral sand assets on the AIM also.
As part of the REH deal however they also secured the following:
1. The rights to invest / partnership in any future project involving CETO.
2. The rights to invest into future renewable energy projects deemed appropriate on same terms as REH.
This should allow them over time to build up a portfolio of renewable energy projects in Europe, anything to do with CETO and hopefully the commercialisation of a small clean coal project.
It is still a small stock with a long way to go and I think a capital raising will be needed to fund some of the above, however a government grant should be forthcoming if the clean coal is viable."
At the time of posting this, it looks like it may be building to a breakout from .035.
I don't hold. But certainly, it will be one I'll be keeping a very very close eye on.
on good volume after announcement regarding proposal for worlds first base load wave farm desalination plant read announcment for full details. Sounds promising killing two birds with one stone.
