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CCE - Carnegie Clean Energy

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Re: CWE - Carnegie Wave Energy

groundhog said:
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
Click to expand...

It seems that, and the Annual Report http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01556335 have been noticed and Carnegie is finally getting some traction.



At this latest valuation, CWE has become MVP in my overall portfolio.
 
Re: CWE - Carnegie Wave Energy

It is still to early to get carried away but today's trading gives me optimism.

Nice chart by the way.
 
Re: CWE - Carnegie Wave Energy

Six and a half million shares changed hands today. The first buoy is behind a boat at Rous Head Harbour. The AGM is on tomorrow. All of these indicate that the 10 year wait is nearly over.
 
Re: CWE - Carnegie Wave Energy

groundhog said:
The ten year wait is over.
Click to expand...

Never in doubt :



This morning's gap has been closed; let's see how strong the resistance @6c will be.
It should become support soon. If it does, I'll rejoin the register.
 
Re: CWE - Carnegie Wave Energy

... and again



I'm accumulating.
 
Re: CWE - Carnegie Wave Energy

pixel said:
... and again

View attachment 61331

I'm accumulating.
Click to expand...

I expect it to dip down to 5.5 again like it did after last time, and languish around there until they install the third unit and provide confirmation of electricity being supplied. Since they claim the first two are operating successfully, I wonder how much there is that can go wrong in terms of supplying actual usable electricity.
 
Re: CWE - Carnegie Wave Energy


According to the announcement, they have been generating electricity against a load bank. The first buoy has over 1700 hours of generation and the second over a week. By the time they have finished testing they will know precisely how it will go, before they connect to the grid.

"A load bank is a device which develops an electrical load, applies the load to an electrical power source and converts or dissipates the resultant power output of the source.

The purpose of a load bank is to accurately mimic the operational or “real” load that a power source will see in actual application."

http://en.m.wikipedia.org/wiki/Load_bank

I would be surprised if the sp fell to 5.5 cents again. I sense that each announcement, including yesterday's R & D Tax Refund created a new and slightly higher support level. I think we can expect more good news soon such as more royalty payments, release of operating data and possibly some indication of future projects.

My greatest hope is that the interest shown by the U.S. Navy starts to bear fruit soon after the completion of this project.
 
Re: CWE - Carnegie Wave Energy

The renegotiated royalty agreement with MLX has gold price of $A1340 as the participation rate at which royalties will be paid. Once the gold price reaches $A1500 the amount of royalties increases incrementally up to $A1900. As well, the mines that come into the agreement has been increased to include all of the HGO assets.

The recent performance of MLX is a good indication of increased activity, especially in their gold mines.

Today's gold price is $A1600. If gold continues to have a good year, the quarterly royalty payments should increase substantially.

Cash flow from any source is most welcome, especially in these early days.

1.7 (b) of the statement says the current quarter should yield $355,000.
 
Re: CWE - Carnegie Wave Energy

Time to take profit, methinks:
Every time that volume peaked in sync with price in recent months, the next few days saw a drop-off.
Maybe back later lower...
 
Carnegie Wave Energy LTD SAFE STRONG BUY

A potential new major competitor in the renewable energy sector, Carnegie Wave Energy studying and testing collection sources of energy from wave movements, sponsored by the Australia Government and the UK, this share is at it's starting days at 0.06, it will start to proceed up and from what my broker suggest is a safe buy
Thank-You
 
Re: Carnegie Wave Energy LTD SAFE STRONG BUY


Don't believe what Brokers tell you. It's long odds that he has some heavy sellers on his books that need a bunny to get them out. At the very least, have a look at a chart and see what the Market in general does - that should give you a reasonable handle on any share's actual value.



Now compare CWE's chart with SHE's:



Carnegie's PWEP aside, both companies have similar technological concepts on paper. The difference lies in simplicity and cost per unit.
Disclosure: I have traded both in the past and may do so again; currently holding neither.
 
Re: CWE - Carnegie Wave Energy

Meanwhile, both are back to a potential base and worth another look.





Today's announcement http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01675636 seems to give CWE a slight advantage; combined with the potential for a triple bottom, it was tempting for me to take a small starter position. Trailing Stop at 4.2c.

Just in case, I also keep an alert active for when SHE comes back from suspension.
 
Re: CWE - Carnegie Wave Energy

http://carnegiewave.com/wp-content/uploads/2015/10/151029_Western-Power-CWE-GIMG.pdf
 
Re: CWE - Carnegie Wave Energy

Affter a year-long absence, I'm easing back into CWE on the back of two recent promising announcements and an apparent break of the downtrend.



It's still speculative, with 2.8c taken as the breakout that must now remain holding support.
 
Re: CWE - Carnegie Wave Energy

The descent to a ten year low was concerning but things are starting to look up again.
 
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