CXY - Cougar Energy

[ands]

Well a funding announcement of sorts... another capital raising... When I first noticed this stock in Feb 2007 there was 340 million shares on issue (SP was 3c), now in August 2009 before taking into account this newly announced raising there is 671 million shares on issue (SP is 9.6c). In reality the market cap has gone from $10.2 million to $64.4 million in 2 and a half years, but dilution has killed off any great SP increase. The lowly shareholders (apart from option holders converting) have never had access to any of these capital raisings!

 

[wanlad1]

CXY should rocket today as has all the fuel aboard

- First indication – Power spike in volume 14th Sept
- Following days falling volume price staying within range
- 14th & 17th Equal bottom, importance those that missed the opportunity on power volume day had the second opportunity to enter
- High Alert with 2 inside green days 18th & 21st Sept on even less volume, indicating sellers drying up.
- 22nd another power volume day and break out of the range from .084 to .09 very bullish expect higher prices from here

 

[ColB]

Originally posted by Wanlad1 at 9.22am this day:

CXY should rocket today as has all the fuel aboard

- First indication – Power spike in volume 14th Sept
- Following days falling volume price staying within range
- 14th & 17th Equal bottom, importance those that missed the opportunity on power volume day had the second opportunity to enter
- High Alert with 2 inside green days 18th & 21st Sept on even less volume, indicating sellers drying up.
- 22nd another power volume day and break out of the range from .084 to .09 very bullish expect higher prices from here

Luv your work Wanlad

Took some profit off the table today but still hanging on to some and also taking up the recent SPP offer at 8.25c (closes 29 September for those that were holder prior to trading halt)

Eligible for up to $15k worth dependant on final demand - $6 million available

Nice earn for those that subscribe

 

[Dukey]

Finally back in on CXY - a couple of weeks back actually.
With infrastructure appearing on site and corporate deals happening it seems things are really starting to move along and looking good for CXY when the testing starts.
so decided to bite the bullet, get in and wait for the good news!!!

g' luck all.
- D.

 

[Dukey]

Have been surprised by the lack of comment from anyone about the SP and volume spike in CXY last week (see basic comsec chart).

The announcement was about a methane production joint venture, but I think the market reaction which saw volumes increase from around or under 1Mill shares per day - increase to the 15 to 20Mill share per day range - shows that there are many folks watching closely as the time for the Pilot burn in Kingaroy draws near. ALso appeared to be plenty prepared to take some profits on friday.
... interesting times for CXY and the UCG sector.


... is there anybody .... out there? (cue eerie pink floyd music):band

 

[Dukey]

CXY holding up well so far in todays carnage - possible due to recent announcement that all is on schedule, on track and within budget for UCG pilot burn late Feb or early march.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01034935

Another interesting factor (garnered from the LNC thread - Thx Basilio - nice post there) - is that LNC appear to be changing their strategy to fast track their UCG direct power generation plans..... which is apparently much simpler than the GTL process.... sad to say it's looking like CXY might beat them all to the punch on that one.

Good luck to anyone who picked up in the early drop today! It would've taken some guts in this warzone - but I think you're on a good thang. Patience is the key.

all just IMO of course.

 

[Dukey]

Well - here I am again!

Latest commentary - CXY spent some time bashing up against 10.5 c..... finally busted through to 11c on monday... hitting 12.5c yesterday and holding 12c today.
Not a bad effort I thought. considering the number of shares in the sell columns. Obviously plenty of buyers out there too.
An interesting chart posted below I think - but would love to hear what some dedicated chartists think about the movement over the last couple of weeks.... someone.... anyone!!!!!!!!!!!!

 

[basilio]

Seems to be some concerted buying for Couger. Big volumes and now at 14c. Finally score a (temporary) winner.

 

[Dukey]

Seems to be some concerted buying for Couger. Big volumes and now at 14c. Finally score a (temporary) winner.

yes - very nice steady rises - seemingly 0.5c at a time, then steadying, then on again and looks poised for more as expectation of pilot burn builds...
can't.... be.. long...now. must...hold ...on...
CXY finally bearing fruits... and geez I'm glad to see I'm not entirely alone here.... was beginning to feel like me and 'uncle' Len are the only shareholders!

 

[Red Fatboy]

Dukey,If comment on whats happening with Cougar at the moment is what you are after, I suggest you have a look at the HotCopper site as there are a lot of people interested in how they are progressing with the intending pilot burn. It doesn't seem that too many people on this site are interested in this company, and your earlier pleas have been met with silence.

 

[TheAbyss]

I am in with you boys. Bought in on 4th Feb 2010 on the strength a broker comment on Sky business one night who said CXY were the UGC player of choice due to their backing etc.

Don't know too much other than that but enjoying the trip so far.

 

[Dukey]

I am in with you boys. Bought in on 4th Feb 2010 on the strength a broker comment on Sky business one night who said CXY were the UGC player of choice due to their backing etc.

Don't know too much other than that but enjoying the trip so far.

cool abyss - glad to see 4 of us here now!
red: I havn't been on hotcopper for a long time. got sick of having to read so much unmoderated dross and general abuse/ramping up and down etc.
having said that - aussiestocks has been a bit quiet - at least in terms of csg / ucg poster lately.... very boring.

but when big stuff happens people come out of the woodwork - like AOE today.. amazing.
When CXY report the pilot burn, i think we'll see a few more heads turn towards them. the re-ignition of the CSG sector won't hurt either.

 

[Woodsy58]

Better make that 5 of us Dukey, bought late last year, very happy today....I thought CXY was going to be left behind in the UCG race.

 

[Dukey]

Better make that 5 of us Dukey, bought late last year, very happy today....I thought CXY was going to be left behind in the UCG race.

The thing I like about CXY - that really attracted me to them was that their technology is tried and proven and their plan is very direct:
Burn UG coal and extract gas >> make and sell power.

No mucking around with fancy unproven technologies. They can get into that later - once an income stream is happening. First things first - Sell power and make a profit!

plus - with a low starting SP - the potential for increasing in multiples is (or seems?) greater. Weighing against that is ALOT of shares on issue - but that hasn't stopped some good gains in the last couple of weeks - before the pilot burn has even happened.
Personally I'm much more likely to buy more than sell anytime soon.

good luck to all who sail the goodship CXY! D.

 

[springhill]

The thing I like about CXY - that really attracted me to them was that their technology is tried and proven and their plan is very direct:
Burn UG coal and extract gas >> make and sell power.

No mucking around with fancy unproven technologies. They can get into that later - once an income stream is happening. First things first - Sell power and make a profit!

plus - with a low starting SP - the potential for increasing in multiples is (or seems?) greater. Weighing against that is ALOT of shares on issue - but that hasn't stopped some good gains in the last couple of weeks - before the pilot burn has even happened.
Personally I'm much more likely to buy more than sell anytime soon.

good luck to all who sail the goodship CXY! D.

Hey Dukey also holding CXY, at current SP gives a MC of approx $100 million... seems to be room for improvement there compared to CNX who have a MC of approx $300 million (would be more if it wasn't for the 6 weeks delay).
On the down side they have a few dirt cheap oppies to plow through first, which is disappointing.
Nonetheless def holding for the long term, bring on the burnnnnnnn!

 

[Dukey]

Hey Dukey also holding CXY, at current SP gives a MC of approx $100 million... seems to be room for improvement there compared to CNX who have a MC of approx $300 million (would be more if it wasn't for the 6 weeks delay).
On the down side they have a few dirt cheap oppies to plow through first, which is disappointing.
Nonetheless def holding for the long term, bring on the burnnnnnnn!

here's a bit of shameless promo by Dr Len talking to the US.

http://www.osixmedia.com/home.aspx
scroll down in the frame on the right where you see the faces - about half way down you'll see Unca Len!

... a good overview and nice to hear him spruiking the US!

 

[birdmanz]

Hey Dukey also holding CXY, at current SP gives a MC of approx $100 million... seems to be room for improvement there compared to CNX who have a MC of approx $300 million (would be more if it wasn't for the 6 weeks delay).
On the down side they have a few dirt cheap oppies to plow through first, which is disappointing.
Nonetheless def holding for the long term, bring on the burnnnnnnn!

Not sure what your meaning re: dirt cheap oppies to get through???..........
the cheapest represent less than 1.7% of shares on issue 15.4 mil @ 10c then another 19.4 mil @ 15c, 20c, 25c

 

[springhill]

Not sure what your meaning re: dirt cheap oppies to get through???..........
the cheapest represent less than 1.7% of shares on issue 15.4 mil @ 10c then another 19.4 mil @ 15c, 20c, 25c

My mistake birdmanz, was under the impression the 3 cent oppies were still on the table, but they expired Oct 09.
A concern of mine that has now been cleared up.
Thanks for bringing that to my attention

 

[Dukey]

successful ignition of pilot burn today - with syngas produced through the system. surprisingly met with a SP drop which would suggest a few profit takers as there always is in these situations. It's possible that the value of the ignition was already built in to SP, at 14 - 15c levels.... but on the other hand, it didn't take long to eat through the sellers a couple of weeks back, so we'll see what happens when sellers dry up next time around.
g'luck all - d

 

[profitmann]

It will take years to develop the commercial viability of UCG. If there are any Geologists and Hydrologists out there they will vouch for the fact that not all Coal deposits suit UCG. BTW where are the "Off-Take" agreements???. Power station - yer right....how many years for that? How many UCG wells to get the commercial quantities of Syngas to run a Power Station that actually sells power into the grid???. Meanwhile when the cash runs out because they all use conventional hard rock or exploration Drill Rigs to drill UCG wells and they cost a bomb because they are so slow they will have to skin some more Spivs who believe. More promote - more captial raise - more skinning, more pormote and around we go, the dream stays alive until the market realises a bust here we come!!