GSL - Greatcell Solar

[pixel]

Thanks for that, Zedd.

There's a lot riding on the commercialisation of the Tata project, in particular, so here's hoping!

I reckon the newly announced JV http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01402094 has yet to be fully factored in as well.
Just imagine a second generation of garden lights, powered not by cheap solar film that keeps peeling, but by a coat of paint. And that's just one scenario of the new JV.

Anyway, I've taken enough profit by now that my current holdings don't owe me anything. Doesn't mean I won't continue trading swings if they present themselves; but I'm unlikely to be unDYEd for a long time.

 

[rbgmauq]

The company had achieved a ‘game changing’ technical breakthrough by achieving a solid-state Dye Solar Cell (DSC) efficiency of 11.3% at full sun. At levels over 10%, the company’s DSC technology becomes grid competitive – the “holy grail” for renewable energy technologies. The company now intends to rapidly move from the laboratory to the production line, with the technology able to be directly incorporated into building materials such as windows. ( see http://au.stoxline.com/q_au.php?symbol=dye&c=ax)

 

[pixel]

Remember also Pilkington: Haven't heard much about that side of things...



Technically, I believe there is resistance at 38c, picking up a High of November 2011.
Therefore, I've taken some more profit with the intention to replenish when today's gap-up is filled.

 

[Zedd]

SPP @ 16.6c! Well timed Dyesol...

 

[oldblue]

With a pre-dated record date of February?

Havn't seen that before!

http://www.asx.com.au/asxpdf/20130514/pdf/42fwkssskx2bg8.pdf

OK. It did get a mention in the half year report issued on 28 February!

 

[pixel]

With a pre-dated record date of February?
OK. It did get a mention in the half year report issued on 28 February!

It was mentioned in detail on Feb 28th, when the collaboration with Tasmee was announced.
According to ASX rules, the record date can NOT be any later than one day before such an announcement was first made public.

 

[basilio]

Bit of shame that DYE dropped like stone yesterday after the share raising announcement. Still if it is actually going to cement a decent commercial relationship that will be a minor hiccup,.

 

[pixel]

Bit of shame that DYE dropped like stone yesterday after the share raising announcement. Still if it is actually going to cement a decent commercial relationship that will be a minor hiccup,.

I wouldn't call that dropping like a stone.
After such a stellar run-up, a pull-back had to be expected and the gap was always likely to be closed.
As regards the spp, that may have slipped many people's mind, but it's been public knowledge for almost 3 months. Anyway, $2M at 16.6c will make less than 10% dilution, lifting the number of issued shares just above 200M or, with the Convertible Note included, about 230M. IMHO think that won't explain a 25% drop; it's more likely the effect of a "blow-off" move which had to be expected.
People, who held DYE on Feb 27th, have now been reminded that they can buy some at 16.5c; many (myself included) would take the opportunity to sell a few in order to free up the funds for the spp. (Except that I took some profit above the gap on Tuesday.)

 

[Country Lad]

Broke out again today. It may very well go on with it.

Cheers
Country Lad

 

[Zedd]

Anyone found anything else on the Tata Steel announcement deadline? I've done a little bit more reading since they spiked on that last announcement, and seem to get the vibe from the interviews the CEO has been doing that it's not going to be as positive as I first thought. Any other opinions out there?

 

[rbgmauq]

Technically, DYE has been showing support at 0.218 and resistance in the 0.410 price range.

 

[pixel]

Technically, DYE has been showing support at 0.218 and resistance in the 0.410 price range.

agree, and today's candle suggests there should be more upside on follow-through in coming days. Especially if the chart plays out according to the rules for the current Flag pattern: http://www.leavittbrothers.com/education/chart_patterns/flag_bullish.cfm



Also, remember that spp application monies are due by the end of this week. 16.6cps ...

 

[basilio]

Lets hope your right... At least something I have will show some green.

I checked out the reference you gave. Thanks for that.

 

[basilio]

Outstanding work there Pixel. Managing to pick todays dramatic upturn was stroke of research genius.....

And last nights announcement didn't hurt one little bit did it ? Be very interesting to see how this unfolds.

http://newsstore.fairfax.com.au/app...theage.com.au/apps/qt/quote.ac?code=dye&f=pdf

 

[basilio]

Lots like Pixel is right gain. DYE is pulling back and there will be plenty of gaps to fill between 30 and 40c.

Nonetheless that was an impressive report on durability of Dyesols technology.

 

[pixel]

From a T/A perspective, DYE will probably have to close the current gap to 36c before I'm happy to "believe" in any support sufficiently to resume buying. (I still hold a good-size non-trading position.)

However, seeing how the sp has bounced between the various levels of the Fibonacci study, I'm rather confident that I've identified the range reasonably close to Market; and while nothing is ever assured, I'll treat the 1/2c gap below 22c as a break-away gap that is safe to ignore - at least for the time being.

 

[basilio]

All go for DYE. Up 12% to 47c .Great to see at least one of my picks with some decent green about it.

I think the the durability tests and recent announcement of a 100% increase in solar capacity of their technology will be game changers for DYE. I think TATA will come on board in July and that the opportunity to have low cost high value solar systems integrated with roofing will be an absolute game changer.

The problem ? Watch out for the knock on effect for other energy providers.

 

[Zedd]

I'm still waiting to see how much I was able to pick up in the SPP but can't help but count a few of the chickens before they hatch .

My concern with the Tata announcement deadline is the tone used in recent interviews. From previous announcements / research milestones, I would have thought Tata would be close to releasing products to market or at least announcing a roadmap to market. If they do it'll be blue skies for DYE, but if they come out and say they're delaying commercialisation until global construction picks up then it'll be a kick in the guys for DYE and the SP will crash IMO.

 

[Country Lad]

Broke out again today. It may very well go on with it.

And it has done just that.

Cheers
Country Lad

 

[pixel]

Where to next?
While I was still waiting, cash at the ready, at the bottom of the gap, DYE buyers had other ideas.
Am I complaining? Not really. Still holding, but very much aware of the "eggs in basket" temptation.
So, IF the flag pattern plays out, we could see 55-56c, which could also tie in with Country Lad's previous p&f resistance.


watching for a break of 48.5c