CCE - Carnegie Clean Energy

[groundhog]

Re: CWE - Carnegie Wave Energy

Carnegie has just signed a deal on desalination with Water Corporation. This will send the sp much higher in today's trading.

http://www.carnegiewave.com/files/a...27_Water Corp Cooperation Agreement_Final.pdf

 

[pixel]

Re: CWE - Carnegie Wave Energy

Carnegie has just signed a deal on desalination with Water Corporation. This will send the sp much higher in today's trading.

http://www.carnegiewave.com/files/a...27_Water Corp Cooperation Agreement_Final.pdf

I was a little puzzled about the phrase

Agreement allows the Water Corporation to provide support to Carnegie for its wave powered seawater desalination pilot plant.

(my bolds)
... sounds a little like "spin" ...

 

[groundhog]

Re: CWE - Carnegie Wave Energy

I was a little puzzled about the phrase (my bolds)
... sounds a little like "spin" ...

Not sure what a globally recognised leader in desalination would gain by spin.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Buyers out number sellers 3 to 1, likely to open at 7 cents.

 

[pixel]

Re: CWE - Carnegie Wave Energy

Buyers out number sellers 3 to 1, likely to open at 7 cents.

Congrats, groundhog
you were right, and I did buy back in at 7c as soon as I realised it.

Meanwhile, there are 16M+ bids vs 1.4M offers

Where to now? It feels already like Stratosphere

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Congrats, groundhog
you were right, and I did buy back in at 7c as soon as I realised it.

Meanwhile, there are 16M+ bids vs 1.4M offers

Where to now? It feels already like Stratosphere

View attachment 54083

My feeling is that CWE was sold down during the bad years for reasons beyond it's control. REH and EDF were major contributors in that respect.

Before that, CWE had been a 20 cent stock and higher. The technology has not changed and the story is still the same, only now it is about to begin for real.

These spectacular rises in the sp, is just the stock regaining it's rightful value.

IMHO it's rightful value is somewhere between 20 cents and $1.

A utility that produces electricity and freshwater should to be irresistible to many potential customers around the world. I love a good success story and I love it even more when it is Australian. Managed well, this company could be anything.

 

[pixel]

Re: CWE - Carnegie Wave Energy

My feeling is that CWE was sold down during the bad years for reasons beyond it's control. REH and EDF were major contributors in that respect.

Before that, CWE had been a 20 cent stock and higher. The technology has not changed and the story is still the same, only now it is about to begin for real.

These spectacular rises in the sp, is just the stock regaining it's rightful value.

IMHO it's rightful value is somewhere between 20 cents and $1.

A utility that produces electricity and freshwater should to be irresistible to many potential customers around the world. I love a good success story and I love it even more when it is Australian. Managed well, this company could be anything.

While I share your sentiment especially about Australian Innovators, the sad reality is that our crop of politicians fail miserably to provide support.
I remember that many (could be ten) years ago, Carnegie offered to purify free of charge Gigalitres of water at the bottom of Wellington Dam, where run-off from farms had washed lots of salts and nutrients in, rendering the water unfit for consumption and even irrigation. I can't remember the exact terms of their proposal, but the WA Government declined, preferring to build the costly desal plant in Kwinana, which is powered by electricity.

The concerns I had - and still have - about wave energy projects like the one at Garden Island have more to do with economy and politics than doubting CWE's expertise. When they had to tap shareholders at 3.5c, diluting the base to 1.5 Billion, I put the revenue from electricity generated by a 5MW plant in relation to the capex and the market cap. While it's a smart move to sell the first installation to the Military - who habitually don't care about costs - I figured it may take one or more decades for their technology (and patents) to bear commercial fruit on a global civilian scale. Maybe OK for youngsters, but I'm fast approaching my Use-by date

 

[Gringotts Bank]

Re: CWE - Carnegie Wave Energy

Groundhog or pixel, what's the reason for the price action please? Is it about upcoming construction?

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Groundhog or pixel, what's the reason for the price action please? Is it about upcoming construction?

Basically, the world needs energy and freshwater. A single plant that produces both without producing greenhouse gas emissions has worldwide appeal.

Ten years of development has gone in to getting to this stage. Better to be buying in just before construction than years out on a concept. This plant should be looked upon as a demonstration plant (which it is), and not a stand alone energy plant.

It's main purpose is to showcase the technology. Once built, potential customers will see exactly what the technology can do. Such is the versatility of the technology, that a variety of applications can be adapted to their own specific requirements.

Interest from the US Navy, Indonesia, Ireland, Bermuda, France, Canada, Chile, etc should not be underestimated.

The likes of Bloomberg are now telling the story. A lot more people are hearing about it and obviously liking what they hear.

You can buy a lot more stocks @ 7 cents than you can @ 70 cents, which it will be when it has orders in for more projects here and overseas.

Pixel, it is too late for our politicians to interrupt the progress of CWE. Two years ago, I would not have said the same thing.

 

[pixel]

Re: CWE - Carnegie Wave Energy

Groundhog or pixel, what's the reason for the price action please? Is it about upcoming construction?

I believe so, GB

They are also pretty good at timing announcements about

• grant monies coming in
• orders placed
• visitors welcomed
• and general "Updates"

all very positively worded. And that's why I'm half expecting (suspecting?) another capital raising...
I would, however, be much happier if they'd include some details about the costing side of things, e.g. How much does one of the actuators cost? How much concrete goes into the foundations where the tether is anchored? Facts please...

 

[Gringotts Bank]

Re: CWE - Carnegie Wave Energy

Thanks guys for the info. I rarely look at sub 10c stocks and so missed out. I like the story.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

I believe so, GB

They are also pretty good at timing announcements about

• grant monies coming in
• orders placed
• visitors welcomed
• and general "Updates"

all very positively worded. And that's why I'm half expecting (suspecting?) another capital raising...
I would, however, be much happier if they'd include some details about the costing side of things, e.g. How much does one of the actuators cost? How much concrete goes into the foundations where the tether is anchored? Facts please...

There is a lot we do know, it will cost $34 million to build this one. Most of the hardware is off the shelf, as much of it is used in off shore oil and gas wells.

Naturally, the cost to build this first project will be relatively expensive. Economy of scale for building a larger number, should decrease the cost per project.

It is possible that the funding for overseas projects could come from many different sources, ie defence budgets, foreign aid, mining companies, agricultural industry and more.

Archipelagos such as in Indonesia, the Philippines and the Caribbean are dependent on oil for much of their energy production. Breaking that dependence would be worth much more to them than to other countries with other resources. How do you put a value on that? Too complicated for me, but it must be high.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Thanks guys for the info. I rarely look at sub 10c stocks and so missed out. I like the story.

I am tipping this one won't remain a sub 10 cent stock once construction starts in a few weeks. Today's
activity looks pretty good trading in the high 6's, perhaps a bit of accumulation going on.

 

[prawn_86]

Re: CWE - Carnegie Wave Energy

I am tipping this one won't remain a sub 10 cent stock once construction starts in a few weeks. Today's
activity looks pretty good trading in the high 6's, perhaps a bit of accumulation going on.

Hi Groundhog,

What analysis can you provide for this tip? Saying a stock will increase nearly 100% in a few weeks, on the back of a project starting (not being completed) needs more analysis than simply saying they are a good company. Plenty of companies are starting projects within the next few weeks, yet I doubt any of them will double.

Thanks

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Hi Groundhog,

What analysis can you provide for this tip? Saying a stock will increase nearly 100% in a few weeks, on the back of a project starting (not being completed) needs more analysis than simply saying they are a good company. Plenty of companies are starting projects within the next few weeks, yet I doubt any of them will double.

Thanks

Hi Groundhog,

What analysis can you provide for this tip? Saying a stock will increase nearly 100% in a few weeks, on the back of a project starting (not being completed) needs more analysis than simply saying they are a good company. Plenty of companies are starting projects within the next few weeks, yet I doubt any of them will double.

Thanks

Good morning Prawn,

I have been following this stock for about five years. Like all startup technologies, it has had it's ups and downs in developing and proving itself. That phase is now over and the company has begun preparations for construction beginning in the coming weeks. Last year they successfully deployed a buoy and carried out a series of tests to prove that high pressure seawater could be pumped ashore. This was a full scale buoy of the type to be used in the project. Getting the high pressure ashore is the hard part, converting it into either electrons or freshwater is easily achieved using proven technology that has been used for many decades.

With this behind them they then secured funding to build the project through federal and state grants as well as cash raising they are now fully funded.

In June of this year the sp was 2.8 cents, yesterday's close was 6.9 cents. All announcements since June have been of a predictable nature. What then has propelled the sp upward over 100%?

I believe the technology fills a void that has not been attained by any other company in the world. Emission free production of energy and freshwater are commodities that the world needs. I have heard it said that you should invest in companies that produces what the world consumes.

This company is doing that and it is what I have based my prediction that the sp will rise above 10 cents in the very near future. The project has secured off takes to supply energy to Australia's biggest naval base. It has also formed an alliance with WaterCorp to develop the desalination component.

Off the shelf technology used in offshore oil and gas are used in the process. The project is due for completion at the end of the first quarter next year. Unless something unforeseen happens in the next few months, I can see nothing that would suggest that this project won't deliver.

If you have a counter argument I would be glad to hear it.

 

[prawn_86]

Re: CWE - Carnegie Wave Energy

If you have a counter argument I would be glad to hear it.

There are still no figures provided by yourself. What size market cap will it have at 10 cents? What are its expected earnings when the project is complete? What about costs or time delays? etc etc

Or from a technical perspective you could provide a chart as Pixel has done.

Where did you get the ten cent figure from? Why not 9 cents? Or 11 cents?

There are a hell of a lot of good technological ideas out there but just because they are a good idea and have got into a pilot phase doesnt mean their stock price will double. Check out EDE or MHM as examples that comes to mind.

 

[pixel]

Re: CWE - Carnegie Wave Energy

There are still no figures provided by yourself. What size market cap will it have at 10 cents? What are its expected earnings when the project is complete? What about costs or time delays? etc etc

Or from a technical perspective you could provide a chart as Pixel has done.

Where did you get the ten cent figure from? Why not 9 cents? Or 11 cents?

There are a hell of a lot of good technological ideas out there but just because they are a good idea and have got into a pilot phase doesnt mean their stock price will double. Check out EDE or MHM as examples that comes to mind.

Hi Prawn;
GH used the term "won't remain a sub 10 cent stock", and with that I can agree.
10c is usually a psychological hurdle, separating "penny-dreadful" stocks from what many consider halfway decent investment opportunities. See GB's admission "I don't look at..."

I believe that CWE, after many years of neglect by the Market, has finally a decent chance of being rerated as a halfway decent prospect. Using the weekly chart and Fibonacci as a guide, I can see 11c+ as an easy early target. No guarantee, as always, but I have (again!) quite a pile of money riding on it.



(I wish my investment rules had allowed me to take up much more at the 3.5c spp earlier this year.)

 

[groundhog]

Re: CWE - Carnegie Wave Energy

It is a good thing that I didn't predict a multiple, which is what I really believe but I didn't want to appear over optimistic.

You don't get many opportunities to buy a decent stake in a utility without spending big bucks. The technology has no precedent in which to benchmark future growth so anything is possible.

Let's just aim for 10 cents and see what happens.

Putting a very large self elevating platform near Garden Island should be enough to pull another 3 cents but we will just have to wait and see.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Hi Prawn;
GH used the term "won't remain a sub 10 cent stock", and with that I can agree.
10c is usually a psychological hurdle, separating "penny-dreadful" stocks from what many consider halfway decent investment opportunities. See GB's admission "I don't look at..."

I believe that CWE, after many years of neglect by the Market, has finally a decent chance of being rerated as a halfway decent prospect. Using the weekly chart and Fibonacci as a guide, I can see 11c+ as an easy early target. No guarantee, as always, but I have (again!) quite a pile of money riding on it.

View attachment 54243

(I wish my investment rules had allowed me to take up much more at the 3.5c spp earlier this year.)

You shouldn't have to wait much longer!

http://www.marinetraffic.com/ais/shipdetails.aspx?mmsi=503653000

 

[Tano]

Re: CWE - Carnegie Wave Energy

slightly off topic. I wish to view the index of all the utility companies to see how the whole sector is moving.

CWE shows in Amibroker as Sector 10 Utilities, Index 28. A google search shows the S&P indicies for Utilities is XUJ.
1)Where do i find the list of companies that make up the XUJ?
2)It seems XUJ index only shows the ASX 200 companies that are utilities. Where do i find an index of ALL asx utilties?
3)What does Index 28 in amibroker translate to?

I dont see any answers to the above questions here
http://www.spindices.com/indices/equity/sp-asx-200-utilities-sector

Thanks