CCE - Carnegie Clean Energy

[groundhog]

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

Tano,

CWE will technically be a utility after PWEP is built as they will receive income from Defence for power and freshwater. This project is mainly to demonstrate the technical aspects of building and operating CETO rather than as a commercial plant. This type of arrangement is unlikely to be repeated for future projects.

The focus of the company is to either build or oversee the building of future projects under partnering arrangements. Once built the plants will be handed over to utility companies for them to run commercially. CWE will receive royalty payments from these companies. this will leave them free to further develop the technology and improve the construction capability.

EDF have alliances with a variety of energy players in nuclear, wind, solar, tidal, hydro, biomass etc. CWE was chosen as their preferred wave energy partner.

Most of the CWE management team are engineers giving an indication as to their priorities.

 

[ProfesorAde]

HMAS Cerberus- Carnegie Wave Energy

John
Are they to procure with this project?
I bet my bar on it

 

[groundhog]

Re: HMAS Cerberus- Carnegie Wave Energy

John
Are they to procure with this project?
I bet my bar on it

Prof, procurement would be uppermost in their thinking IMO. Other aspects of your first post are intriguing!

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Only weeks away from construction and it would appear someone is going all out to accumulate a large holding. Small trades are used to get the price down followed by a big buy late in the day.

It is presumed that this is being done in anticipation of construction beginning in the next few weeks. No doubt the spotlight will be on the Garden Island project once construction is under way.

Going by past observations, the SP would be expected to go up on positive announcements. This has happened before, sometimes spectacularly so but has been based only on assumptions.

A real project delivering power and freshwater would be a world first. That would be the motivation for the systematic accumulation that is currently being seen.

Within weeks we should see the platform positioned off Garden Island as the real work begins.

 

[pixel]

Re: CWE - Carnegie Wave Energy

Today's trading halt and subsequent lifting came as a pleasant surprise to me.
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01466650

I see it not so much as a fund raising, but a bridging loan, to be repaid from next year's tax refund.
And it seems the Market looks at it that way too. Let's see how it goes at 2:25 when trading resumes.
I hold already.

swift reaction: Up over 10%

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Today's trading halt and subsequent lifting came as a pleasant surprise to me.
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01466650

I see it not so much as a fund raising, but a bridging loan, to be repaid from next year's tax refund.
And it seems the Market looks at it that way too. Let's see how it goes at 2:25 when trading resumes.
I hold already.

swift reaction: Up over 10%

View attachment 55388

The SP has been locked in a range between 4.2 cents and 4.5 cents for some time. Today it has nudged up to 4.8 cents which I see as a positive sign that there could be a breakout in an upwards direction, very soon. There has been a buildup of buyers in the last couple of days. The construction stage is on the verge of commencing, possibly as close as next week. It has been a long time in getting to this stage, as a long time holder, I am glad that the waiting is over.

DYOR

 

[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.

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.

The SP has been locked in a range between 4.2 cents and 4.5 cents for some time. Today it has nudged up to 4.8 cents which I see as a positive sign that there could be a breakout in an upwards direction, very soon. There has been a buildup of buyers in the last couple of days. The construction stage is on the verge of commencing, possibly as close as next week. It has been a long time in getting to this stage, as a long time holder, I am glad that the waiting is over.

DYOR

Hi Groundhog,

You are obviously a champion of this stock, but it has not met your expectations of being over 10 cents. Can you provide any reasoning for this? Its been 8 weeks since your initial comments on this and the stock has dropped nearly 35% in value.

Purely out of interest, at what point would you cut your losses?

 

[pixel]

Re: CWE - Carnegie Wave Energy

The SP has been locked in a range between 4.2 cents and 4.5 cents for some time. Today it has nudged up to 4.8 cents which I see as a positive sign that there could be a breakout in an upwards direction, very soon. There has been a buildup of buyers in the last couple of days. The construction stage is on the verge of commencing, possibly as close as next week. It has been a long time in getting to this stage, as a long time holder, I am glad that the waiting is over.

DYOR

It did dip after my last chart on the 18th, but I accepted that, having been early.
Today, it's definitely moving against Market Trend, so I'm happily holding.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Hi Groundhog,

You are obviously a champion of this stock, but it has not met your expectations of being over 10 cents. Can you provide any reasoning for this? Its been 8 weeks since your initial comments on this and the stock has dropped nearly 35% in value.

Purely out of interest, at what point would you cut your losses?

Hi Groundhog,
Hi Prawn,

You are obviously a champion of this stock, but it has not met your expectations of being over 10 cents. Can you provide any reasoning for this? Its been 8 weeks since your initial comments on this and the stock has dropped nearly 35% in value.

Purely out of interest, at what point would you cut your losses?

They are about to build the first project of it's kind in the world. We know that the technology works, that was proven during trials last year. The company has engaged the services of experts in marine engineering, desalination and renewable energy power generation to help construct this project.

If we go back to June of this year, the SP was sitting at 2.8 cents, so it is up over 60% if you want to look at a longer time span. Show me a small cap stock that doesn't jump around. However, these fluctuations are irrelevant as they all predate the construction of the first power and desalination plant.

The market requires something tangible before the SP will go to the next level. By June next year that will be realised, as construction progresses and milestones are achieved, I expect the SP will have risen accordingly.

The current SP is only just below the average cost of my holding, accumulated over several years with the bulk being in the last year. I am very happy with where the SP is sitting at the moment. My intention was always to be a long term holder and that has not changed.

For the SP to remain at, or below these levels, would indicate a failure of the company to deliver on their promises. They have always been quite conservative in the way they have done business, sometimes frustratingly so. I have no doubt that they will be successful with this project, opening the way for more projects in Australia and overseas.

DYOR

 

[groundhog]

Re: CWE - Carnegie Wave Energy

It did dip after my last chart on the 18th, but I accepted that, having been early.
Today, it's definitely moving against Market Trend, so I'm happily holding.

View attachment 55659

Hi Pixel,

It has been some time since your last chart, I am wondering if you could give us an updated one. There appears to be growing interest now that the project has started. It has moved out of the 4 cent range that it was trading in and is now in a range between 5.2 and 5.4 cents.

They have been doing the foundation work for a month now so a progress report should not be far off. If everything is going to plan it may encourage a few more to want to buy in and the SP to move to a new level. The buyers have outnumbered the sellers for quite some time and there has been some good publicity put out to the media.

Thanks

GH

 

[ChrisJH]

Re: CWE - Carnegie Wave Energy

CWE had some good publicity and news lately, pushing it towards 0.06 a share but their capital raising of $6 million at 0.05 has halted the upwards progress of the SP. Will take additional good news and success with their current projects to get the SP back on track.

 

[pixel]

Re: CWE - Carnegie Wave Energy

Hi Pixel,

It has been some time since your last chart, I am wondering if you could give us an updated one. There appears to be growing interest now that the project has started. It has moved out of the 4 cent range that it was trading in and is now in a range between 5.2 and 5.4 cents.

They have been doing the foundation work for a month now so a progress report should not be far off. If everything is going to plan it may encourage a few more to want to buy in and the SP to move to a new level. The buyers have outnumbered the sellers for quite some time and there has been some good publicity put out to the media.

Thanks

GH

Can do, GH
(sorry for being late - I missed your request at the time )

I did sell out - purely on technical grounds: Harami reversal on March 24 - just before the Trading Halt. While I had expected the need for more cash - they always do - I'm quite happy to wait for the Market reaction following the deadline, April 17th. More often than not, prices drop back below the spp offer price.



Note: The support line shows still a rising trend; even a temporary (false) break wouldn't be much of a concern. Longer-term, I still believe 6c will be (and remain) broken within a year.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

Thanks, Pixel, the latest cash raising put the breaks on what was a pretty good rally. The cash that they have raised, along with the $22 mil from the CEFC loan, gives them the funds to get CETO 6 ready for commercialisation, after this project is complete.

The WaveHub announcement enables a low cost and risk, means off getting established in Europe. I am not sure if the market here appreciates what opportunities that will provide just yet.

http://www.bbc.com/news/uk-england-cornwall-26831255

 

[pixel]

Re: CWE - Carnegie Wave Energy

Thanks, Pixel, the latest cash raising put the breaks on what was a pretty good rally. The cash that they have raised, along with the $22 mil from the CEFC loan, gives them the funds to get CETO 6 ready for commercialisation, after this project is complete.

The WaveHub announcement enables a low cost and risk, means off getting established in Europe. I am not sure if the market here appreciates what opportunities that will provide just yet.

http://www.bbc.com/news/uk-england-cornwall-26831255

I totally agree - especially about the lack of appreciation. That attitude has a long history, going back many years when CWE's proposal to desalinate the Wellington Dam was rejected. No wonder the place overlooking St Georges Terrace is known as Idiot Hill.
And when the environmental vandals in Canberra scrap the Renewable Energy support fund, we'll lose even more manufacturing jobs Overseas. See what happened to CFU ...

 

[So_Cynical]

Re: CWE - Carnegie Wave Energy

And when the environmental vandals in Canberra scrap the Renewable Energy support fund, we'll lose even more manufacturing jobs Overseas. See what happened to CFU ...

No funding = no Industry, which is why the green energy industry in Aust has been stalled for 25 years...funny cos i have a Noalition voting mate at work that often tells me, well where are all the green jobs that were supposed to be created by the carbon tax?

Impossible to get healthy industrial transition when the right side of politics is in total denial.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

No funding = no Industry, which is why the green energy industry in Aust has been stalled for 25 years...funny cos i have a Noalition voting mate at work that often tells me, well where are all the green jobs that were supposed to be created by the carbon tax?

Impossible to get healthy industrial transition when the right side of politics is in total denial.

All is not lost SC, Ian MacFarlane was at Henderson BAE to unveil the buoyant actuators today. Also there, was the boss from ARENA.

http://www.aspectfinancial.com.au/d...Jyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true

 

[polpak]

Re: CWE - Carnegie Wave Energy

Added $1500 worth of the offer to my long term holdings.


ST paying down a higher % loan has most my attention.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

The unexpected royalties windfall this week was a nice surprise. Who would have thought they would be entitled to receive gold royalties from a mine they owned twenty years ago?

It is uncertain at this stage but it could end up being a continuing source of income for the life of the Trident mine.

 

[pixel]

Re: CWE - Carnegie Wave Energy

The unexpected royalties windfall this week was a nice surprise. Who would have thought they would be entitled to receive gold royalties from a mine they owned twenty years ago?

It is uncertain at this stage but it could end up being a continuing source of income for the life of the Trident mine.

That "Golden Moment" didn't last very long - sadly
But as steady progress is made and reported from their flagship installation here at Garden Island, I do keep an eye on proceedings (and their chart) and couldn't help but notice what looks like strengthening support.



I have been buying again and feel encouraged by today's break of the falling trendline.

 

[groundhog]

Re: CWE - Carnegie Wave Energy

That "Golden Moment" didn't last very long - sadly
But as steady progress is made and reported from their flagship installation here at Garden Island, I do keep an eye on proceedings (and their chart) and couldn't help but notice what looks like strengthening support.

View attachment 59367

I have been buying again and feel encouraged by today's break of the falling trendline.

Real activity has commenced which should reawaken the market. The Golden Moment should be recurring for a few years to come providing the gold market does not tank.

http://www.carnegiewave.com/files/asx-announcements/2014/140910_PWEP Update.pdf