EDE - Eden Innovations

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Re: EDE - Eden Energy

The cover note to today's announcement by TAS calculates the value of TAS's EDE holding at 37.4cps, more than twice of where TAS is currently trading:
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01738581

Given they won't be able to liquidate a holding of that size without wrecking EDE's sp, the flip side is:
Those trading TAS might consider EDE currently overpriced by more than 100%.

Time will tell. Right now, I'm staying clear of EDE, only holding a speccie position in TAS.

 

[bassmanpete]

Re: EDE - Eden Energy

What's happening with the price today? There's no announcement, has there been a good report about Eden in the press somewhere?

 

[Tightwad]

Re: EDE - Eden Energy

project in the US using one of their concrete products, possibly more work to come in that state

 

[jbocker]

Re: EDE - Eden Energy

The announcement this morning annoys me. Get a project to use your product and then the Edencrete is diluted so that it can be spread further and cover a larger area.

https://content.markitcdn.com/resea...KVUZBMzgiLCJmaWQiOm51bGwsImR0IjpudWxsfQ==.pdf

It introduces new risks when the original parameters have not yet been commercially embedded.

It may prove to be a winning formula, but introduces a some new questions. If it proves OK in this instance what will it mean for previous tests results, will less product be ultimately required.
I just would have been happier to establish a run of projects with a 'proven' formula before introducing untested new parameters.

 

[basilio]

Re: EDE - Eden Energy

Look Jbocker if in fact Edencrete proves as effective with less active ingredient it simply makes it even better value as a product. That should drive use even quicker.

But I do agree with you there is a risk of mucking up current early protocols.

I would be interested to see just how strong Edencrete can make a concrete wall. There could be some interesting applications for a wall/structure that is all but impermeable to anything short of a nuclear bomb.

 

[pixel]

Re: EDE - Eden Energy

There you have it:
Today, EDE announced a Capital Raising; details yet to be published and Trading Halted until then.

If that is a substantial raising, say one for two or even more, then TAS's holding will become worth a lot less by dilution because, given their tight financial situation, it is unlikely that they can afford to participate in full.

 

[My Mate Said]

Re: EDE - Eden Energy

Hi,havent been here for ages and working out the format.....EDE ann looks ok to me.not nice being left out of the raising but we do have a good injection of cash to move forward in Georgia.. as long as it stays above the .23

 

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Re: EDE - Eden Energy

Newsflash! Drop Everything!

The directors are pleased to advise that the change of name from Eden Energy Ltd to Eden Innovations Ltd, that was passed at the annual general meeting held on 28 October 2016, has been formally registered by ASIC.

 

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Re: EDE - Eden Energy

today's trumpet states the obvious:

The commitments of President-elect Trump to greatly increase infrastructure
expenditure over the forthcoming years and the approval of two sales tax
increases in Atlanta to fund infrastructure, are both considered very positive
events for Eden, that may well assist Eden accelerate its already significant
progress towards achieving its goal of broad penetration by EdenCreteTM
into the huge US concrete and infrastructure markets

also looking at TAS and TASO

 

[System]

On November 11th, 2016, Eden Energy Limited changed its name to Eden Innovations Limited.

 

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http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01813151

EDE sold into (Eastern) Europe
first hint at sales prices: $25/gallon

 

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still consolidating, but the weekly looks to me like a flag pattern, consolidating before the next breakout. My money is on a break to the upside.

I hold EDE and TAS/TASO

 

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Today's announcement of permeability could be a significant selling point - if any moree were needed
.
Eden Innovations Ltd (“Eden”) has achieved a significant improvement (reduction)
in permeability of EdenCreteTM enriched concrete after immersion in a 3% chloride
brine solution for 90 days, in accordance with the ASTM C1543 and AASHTO T259.

Ref. Concrete Cross Sect Depth EdenCreteTM Concrete
0.055% chloride 10-20mm 0.006% chloride
0.039% chloride 25-35mm 0.001% chloride
0.001% chloride 40-50mm 0.000% chloride
0.001% chloride 55-65mm 0.000% chloride

Table 1. Chloride Levels (by weight) in each analysed cross section after 90 days’ immersion

... and the Market reacts

 

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I took profit on Monday, hoping the gap would be closed and I could reload more at 25c. Could become a long wait

oh well, there's always TAS and I didn't sell any of those

 

[basilio]

A really significant announcement today regarding sales of Eden Crete. For the first time a meaningful sales announcement with the likelihood of multiple repeats in the road and bridge building industry in the near future.
Shares jumped 17% today but it will be intriguing to see how much of this holds.

http://www.asx.com.au/asxpdf/20170403/pdf/43h7h4h1w6h9rj.pdf
http://www.asx.com.au/asxpdf/20170403/pdf/43h7h682268j5y.pdf

 

[bassmanpete]

I took profit on Monday, hoping the gap would be closed and I could reload more at 25c. Could become a long wait

View attachment 69688

oh well, there's always TAS and I didn't sell any of those

Your wait is over. Will you be reloading?

Don't understand why it's dropped so much so quickly. Is there something I don't know?

 

[skc]

Your wait is over. Will you be reloading?

Don't understand why it's dropped so much so quickly. Is there something I don't know?

Timing coincides with the release of the quarterlies so perhaps the market didn't like some of the numbers. Cash inflow is low although not unexpected. Is there enough cash resource to execute their plans?

Personally I can't pinpoint any one thing.

 

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Personally I can't pinpoint any one thing.

neither can I - at least not on the Fundamentals side.
From a Technical perspective, Sue reminded me of an open gap that's almost a year old and has its bottom at 19c. No matter how long it takes, these kind of gaps tend to be powerful price magnets. Let's hope it is filled before EOFY and we can get on with it. If/when that happens, MACD (Bullish Divergence) suggests a powerful impulsive rally could likely follow.

 

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Let's hope it is filled before EOFY and we can get on with it.

There she goes
Now let's see if the rebound is also coming to pass. Quite possibly, some of the casino players may try to push for another pip or two. Set alert and W8NC.

 

[skc]

neither can I - at least not on the Fundamentals side.

I think this is another example of a stock where the price got way ahead of the fundamentals in the early days (like YOW which I posted about here https://www.aussiestockforums.com/threads/yow-yowie-group.9185/page-3#post-951011), so now the stock price just can't go anywhere despite improving fundamentals in terms of company progress.

Take today's announcement for instance... great news that GDOT will pretty much mandate Edencrete for all repair projects for next year. Sounds like great news and it is from a company operations point of view. But it's probably only worth $1-2m in revenue for the company, and certainly doesn't move the dial in profit terms at the current scale.

In contrast, the market cap of EDE is $250m and each 1c move changes it's value by ~$12m. So there's no major valuation impact on today's announcement. Obviously sentiment can still drive the share price higher...