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CCE - Carnegie Clean Energy

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Re: CWE - Carnegie Wave Energy

http://www.asx.com.au/asx/statistics/displ...;idsId=01793928
Marriage consummated. We're now also into Solar and Batteries.
... and the Market seems to approve.



But another cap raising may be on the cards to cover the cash component of the takeover.
And that could spook a few traders.
(I hold, but will observe tight speccie rules.)
 
Re: CWE - Carnegie Wave Energy



The announcement said the cash payments will be staged. I assume that to mean that it will be self funding from it's own income stream.

$2.6 million is not a lot to raise, CWE has raised more than that in gold royalties over the last three years.
 
Re: CWE - Carnegie Wave Energy

groundhog said:
The announcement said the cash payments will be staged. I assume that to mean that it will be self funding from it's own income stream.

$2.6 million is not a lot to raise, CWE has raised more than that in gold royalties over the last three years.
Click to expand...

I think you're right. At the end of June, they had $8M cash, and the microgrid os supposed to be debt-funded.
As the resistance at 4c has just been broken with convincing volume, the Market seems to be unconcerned. I also notice that a large offer at 4.2c has been pulled while bids at 4.1 keep coming. Hopefully, it's sincere investors rather than the usual opportunistic traders ...
 
Re: CWE - Carnegie Wave Energy

Following the buyout of EMC (not the listed company!) they announced today a name change to become
Carnegie Clean Energy.
Under the Wave tag, it rose 24% in October, helping me to 3rd place in the Stock Comp (Thanks, Joe ) Will the new name boost the sp by another 24%? I hope so - I still hold.
 
Re: CWE - Carnegie Wave Energy

The EU is still chipping in a fat grant for a Cornwall wave project.
Hasn't anybody told them about Brexit?

But as long as CWE keeps rising, let's not argue



I still hold.
 
Re: CWE - Carnegie Wave Energy

pixel said:
The EU is still chipping in a fat grant for a Cornwall wave project.
Hasn't anybody told them about Brexit?

But as long as CWE keeps rising, let's not argue

View attachment 68726

I still hold.
Click to expand...

This stock has a tendency to sell-off on perceived good news...same today so far. Let's hope this trait changes.

I hold in a long term - high risk, low cap portfolio.
 
Re: CWE - Carnegie Wave Energy

Porper said:
This stock has a tendency to sell-off on perceived good news...same today so far. Let's hope this trait changes.

I hold in a long term - high risk, low cap portfolio.
Click to expand...

Same herre, Porper;
but to me, "long term" means "as long as it stays above technical support". Which currently is 4c
I'm happy, however, that this morning's up-gap has been closed and the uptrend appears to continue.
 
Re: CWE - Carnegie Wave Energy

:bananasmi:bananasmiBack to 5 cents again after a very long time in the doldrums. I am starting to feel good again.
 
On December 14th, 2016, Carnegie Wave Energy Limited (CWE) changed its name and ASX code to Carnegie Clean Energy Limited (CCE).
 
Re: CWE - Carnegie Wave Energy

groundhog said:
:bananasmi:bananasmiBack to 5 cents again after a very long time in the doldrums. I am starting to feel good again.
Click to expand...

Made a Higher Low, and is currently on its way to crack the November High. For starters, it's matching the resistance of Dec 6th, but today closed on top of a green candle. Needs more volume though to get me back on board.

 
Re: CWE - Carnegie Wave Energy

pixel said:
Made a Higher Low, and is currently on its way to crack the November High. For starters, it's matching the resistance of Dec 6th, but today closed on top of a green candle. Needs more volume though to get me back on board.

View attachment 69116
Click to expand...


You might get some more volume when they come out of the trading halt they have just announced. The reason given for the halt was to announce a strategic partnership.
 
Promising start: 10MW Solar farm at Northam, 100 km NNE of Perth, in co-op with Lend Lease. I had been hoping/ waiting for a pullback into the 6's, but no such "luck".
Accumulating.

 
Trading Halt: Capital Raising ... again!
who would've thunk?
 
"A Morning of Two Announcements"
leading to two directions
I wonder if the gap at 5.3c might be back in play...

 
Winning the Kalbarri microgrid contract could just be the win that underpins a turnaround.
Technically, the previous 2 days could be interpreted, however loosely, as a Harami, also signalling a turnaround. And it's pleasing to see that all of the lower gaps have now been closed. Even today's post-Trading Halt gap-up has been closed, thanks to one sale of 2807 shares, for which the seller "sacrificed" $28.07.



Disclosure: I hold.
 
Following recent news, including today's Mungari Farm, I'm getting a little concerned about CCE. Lots of shares, not much money, but they pursue opportunities all over the place. Each project has its merits and potential, but I ask myself, do they bite off more than they can chew?
 

Agree. Lots of announcements but always the same result. Intraday spikes and then the offloading commences.

I hold.
 
It now appears that the Albany Wave Project has hit a snag:
https://thewest.com.au/news/albany-advertiser/disconnect-on-wave-power-ng-b88759283z
 
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