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CCE - Carnegie Clean Energy

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Re: CWE - Carnegie Wave Energy

Another milestone achieved.

Victorian Wave Energy License Awarded

  • First wave energy company to be awarded Victorian wave energy site
  • Three sites offered for lease. Portland Warrnambool and Philip Island
  • Proximity of current power transfer infrastructure showing potential to provide up to 20% of Victoria's power requirements.

Price has been hammered unfairly with the recent hysterics, and like most good companies true value will prevail in the end. I sit and wait for the storm to blow over.
 
Re: CWE - Carnegie Wave Energy

A nice bit of positive news amid the carnage!


And I celebrate this thread reaching it's second page...
 
Re: CWE - Carnegie Wave Energy


Yep this is good news. Probably should be picked up and run with in the wider media. Signing leases and 20% power - this seems significant. I am glad too that Carnegie have made it to the Eastern states.

Getting to a second page is something to celebrate!
 
Re: CWE - Carnegie Wave Energy

What I would really like to see are some progress reports on the construction of the prototype unit so that we the shareholders can get a feel of how things are going. Such reports might even halt the share price slide!
 
Re: CWE - Carnegie Wave Energy

martin35 said:
What I would really like to see are some progress reports on the construction of the prototype unit so that we the shareholders can get a feel of how things are going. Such reports might even halt the share price slide!
Click to expand...

feel for you guys, i got out at the .13.5c after the drop from 22c, would like to see what LEETV has to say on the visual progress of the project as he has mentioned he has it on his door step re the time lines the S.A. govt has gone a long way to completing a desal plant in the time that this project was started until now......
 
Re: CWE - Carnegie Wave Energy

Im in and to be honest im excited.

Carnegie wins National Desalination Centre funding

Once the full scale system is proven I firmly believe the market will begin to see its value.

Desalination plants cost almost a billion dollars to build - carnegie can do it for less than 500mil.

OP costs for desal are heavily dependent on the fluctuating cost of energy, bugger all for ceto.

Transmission costs are the same.

Carnegie can modularly increase water production as population demands with smaller infrastructure installments.

ZERO Emissions

Nearest wave energy competitor is the Oyster System that has been deployed in scotland to be tested. They found flaws in the original system and had the new design recently approved for more testing. Will take them quite some time to get to the point CWE is at.

Next one was in france the Pelagami. This unit cost more way more than ceto and has been withdrawn for repairs. imo a complete flop.

CWE's design has been out for over a year and efficiency tests in all seas have proven its capacity. They know the numbers at test scale.

The Federal Government's decision to defer the introduction of an emissions trading scheme until at least 2012 has made the task of attracting Australian investors more difficult.

Climate check-up 'screams world is warming'

2020 is the deadline set for the 20% renewable energy target, and with reports like these its sure to make the public more cautious in the future.
 
Re: CWE - Carnegie Wave Energy

Price holding support around 9 cents. Interestingly enough at 9 cents the market cap is the cost of the IP rights and nothing foreward looking has been calculated.

Carnegie's system is very similar to an american based system currently on track to install a 10 bouy system off Oregon. Ocean Power Technologies ($60M market cap) has just signed an agreement that represents a major step towards the grant of the first license ever issued by the Federal Energy Regulatory Commission ("FERC") for a commercial-scale wave power project in the US.

Ocean Power's system does not desalinate water and has more inherent flaws than CWE; e.g. multiple underwater generators and a surface bouy system.

Hopefully, if there are no more broker scandals in aus the SP can see more support comming through in the following months as the progress to full scale operations continues.
 
Re: CWE - Carnegie Wave Energy

Another decent step forward for Carnegie. Each of these announcements gives the little green thumb more marketing tools to gathering more funds. Latest one out has agreed with Carnegie that there is enough potential wave energy in Auz to generate 4x the current power capacity. They go on to suggest wave power could generate half of Australia's current usage by tapping into only 10% (high estimate) of this.

Commonwealth Scientific and Industrial Research Organization (CSIRO) Study Confirms Australia`s World Class Wave Resource

Work continues, milestones achieved, company moves forward to commercialisation.

Shares reached a 2 month high on higher volumes, now sitting on 9.6c.
 
Re: CWE - Carnegie Wave Energy

Things are running smooth and on schedule for Carnegie. Carnegie appears to be approaching the end of the first commercial demonstration unit. Heading into 2011 things start to heat up with the full demonstration plant. Carnegie has delivered on everything it has promised, a stellar achievement for its management and team. I continue to hold with an average of 9.8c and look forward to the completion of the full scale demonstration plant and a potential re-rating.



 

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Re: CWE - Carnegie Wave Energy

A bit more activity recently. Volume has picked up and the price seems confined to a 0.096 and 0.10 range for the past week and a half. Higher emphasis on the 0.10, i wonder if someone is expecting something.
 
Re: CWE - Carnegie Wave Energy

I was looking at this again at the magical 9.9c, but regretably did not add some more.

This is a great technology, and they have not had very much support from Government, compared to other Green energy

With the AGM this week, either people are excited, or perhaps CWE installations have performed very well?, as the stock has risen 23% to 13c atm, and looks like closing with plenty of support
 
Re: CWE - Carnegie Wave Energy

Commercial Scale CETO Unveiled as was expected. Funny how the market only reacted a couple days before the announcement. I swear its all so suspect.

14.5c still carrying a bit of momentum.

I fully expect this to settle back around 12 or 11 cents and then stagnate for another 6 months for the actual results to come out.

NAV of 8cents/share looking pretty well at 14.5

Good Luck to those like me who still hold
 
Re: CWE - Carnegie Wave Energy


I stupidly got out on the 9th, (0.098) after thinking they weren't going to produce anything till x-mas...
the volume leading to the announcement is rather suspect.. but still i should have seen that coming, gl to those that hold..

Very very interested if they just deploy for their own sites or sell the tech for others to install and use.
 
Re: CWE - Carnegie Wave Energy

And here comes the capitol raising. I figured this would come out after an announcement of some sort. Makes sense. Publish your advanced stage of development, create some Whoop-PAX in the market. Then pump them for more $$ Not enough cash in the kitty to finance the rest of their year, 3 mil is burned every quarter now that we are almost complete.

Look for a major dilution leaving out the simple investors as per usual.

Disclaimer: I sold out at 14c, will look for a re-entry point near the 8c mark.
 
Re: CWE - Carnegie Wave Energy

I'm still holding some stock and haven't really been paying attention to it, I like the technology though, I'll just see what happens I guess...
 
Re: CWE - Carnegie Wave Energy

Selling volume seems to have dried up. Pressure is towards the 10.5 and 11cents. If any more demand backs up in the next week it could offer support for a sp rise.

  • De-risking with every update
  • NAV at around 8 cents still,
  • SP currently 10.5 cents, still withing reasonable premium imo.

I would look to raise holding by offering 10.5 if nothing happens before xmas.


Gone Surfing!
 
Re: CWE - Carnegie Wave Energy

Good to see the SPP oversubscribed and looking forward to a great 2011. Good luck to all holders out there and happy new year
 
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