volume picking up
waves starting to move in the right direction
volume picking up
waves starting to move in the right direction
Cougar Energy's future looks promising... maybe a future Arrow Energy... growing from a near unknown to a thriving company!
wow they certainly havent spared any expense on their website... lol
A very interesting company with good potential... maybe the next ESG, arrow is a long way away but India the stakes are large...
The plans to build a major power plant in pakistan must be exciting investors, 10,000,000 shares up %42
The character of the action
For stock that because of it's size and price could be a bit of a wild ride
The consolidation back to the 50% zone showed strength
and today's bar would have to be suggestive of higher prices..
We had volume , We had large range and We got the close at the high
Demand has been seen to overcome supply
and take all the offerings that the bar represents.
The bottom of a bar is created by demand
The top of a bar is created by supply
The close shows the outcome and resolution of those two sides
Volume shows participation ( Todays turn out was impressive )
I judge the character as strong convergent and harmonious.
( harmonious meaning that even though volume was high I would judge it was the buying that was good )
Just views and opinions
Last edited by motorway; 4th-June-2007 at 08:56 PM.
looking for this consolidation
to breakout like the previous
activity is increasing
(IE not your normal trading stock, But for that reason can offer significant rewards )
views and opinions
Thanks for your posts.
I have been holding the options since 1.3c.
Heads as well.
The stock has done extremely well to date.
Keep an eye out esp. after ucg conference in the USA on 21 June where CXY will be presenting.
I am holding the The fully paids at a average of ~.03
I am looking at the action from a number of perspectives
And seriously looking at increasing My position..
bounced off one of the significant 50% levels today in a positive manner.
On P&F chart sideways is not time , but real work, that will lead to something.
Your looking for a harmony between horizontal and vertical..
This chart with a 5% box size.. With a stock under .10
means sideways has significance...
Also would be looking at other resolution charts
and the vertical bar charts
From a thematic perspective .. it seems a good story
certainly capturing attention
When ever a trend is unclear
a move based charting method
a great contrast and confirmation
to bar and candle
20 June 2007
COUGAR ENERGY RAISES $2.1M FOR UCG DEVELOPMENT
Cougar Energy Ltd (ASX Code: CXY) is pleased to advise that it has received commitments for the
placement of 30 million shares at a price of 7 cents per share, with a 1:2 attaching option exercisable at 5c by 31 December 2008, raising a total of $2.1m before costs associated with the placement. The placement was arranged by Melbourne Capital Ltd to sophisticated and professional investors under the 15% placement limit, and in so doing, the Company welcomes a number of new institutional investors to the Share Register.
The funds raised will be used primarily to advance Cougar Energy’s Underground Coal Gasification (UCG) project near Kingaroy in Queensland. The UCG process enables deep coal deposits to be converted into a syngas suitable for use as a fuel in power generation or the manufacture of a range of petroleum products.
Cougar Energy is now planning a multi-stage drilling program to extend data on the coal seam outside the current area of drilling, to recover core samples of both coal seam and surrounding rocks and undertake hydrogeological testing, and to install and test the first three injection/production wells. This planning process is being undertaken in association with the Company’s UCG technology provider, Ergo Exergy Technologies Inc. of Canada. Successful completion of this work program will lead to ignition of the burn, which at this stage is anticipated to commence in March/April 2008.
The planned work program will require expenditure sufficient to take Cougar Energy’s interest in the Designated UCG Area on EPC 882 from its current 51% to 70%, at which time a formal Joint Venture agreement between the Company and Metallica Minerals Ltd will come into operation.
Cougar Energy Ltd
I don't know if was today's ann. but the options are up 25% to 3.5c.
Shares up 7.8c (up over 5%).
Dr Len will be presenting in Houston tomorrow at the UCG conference.
Can someone please explain todays announcement for me. Does this mean the shares are currently over valued? Who has access to these 7c shares?
wbaskin... I Think just a normal type of capital raising transaction..
It is what happens NOW that matters...
So just an update of the previous chart..
Does the stock give evidence of "sponsorship"
If there IS value and potential ... Price will find support
as demand emerges to meet supply..
On this chart.. that would be seen in the postings ( the Xs )
moving back to support and moving sideways with a tight pattern
as if the price movement is meeting a floor
No Air pockets tight W formations...
That at this level Dry up completely
( No more supply )
Up and across entails some element of distribution
back and across some element of accumulation
across or sideways tends to be one or the other
because it is not just time..
The relation of price movement to the various lines
demonstrates the difference between P&F and Vertical bar charts
To move through any of the lines entails
some change in actual demand and supply dynamics
The passing of just time produces nothing..
To have a line that only demand can cross for example
is I think a great check on the movement of the vertical bar chart.
Sidways movement on a P&F is the type of sideways
that triggers something..
CXY is having a great day.
Options are up 30% to 3.9c and heads are up 20% to 9.3c
Dr Len was in the US at the CSG conference on the weekend.
I wonder if some news is pending?
Wow quite an impressive company last time i had a look was around .02, I brought some oppies exp DEC 2008 exercise .05 comes in a fraction cheaper than current share price.
This little beauty definitely has a lot of potential. Still a little expensive though in my opinion (FD market cap of 60m) with no sure or even probable prospects.
definitely worth keeping an eye on though.
Cheers for bringing it too my attention. Might try to get into it at a lower price.
Off to another good start this morning
Heads at 10c, up over 10%
Oppies at 4.9c, up 22.5%
Glad to be a holder at the moment.
This is a very interesting stock with great potential.
I was reviewing the process in which they are looking to implement in India, clean green is there aim, they use coal and turn it into a fuel underground by injecting air and water to turn the bed of coal turning it into fuel, the waste is ash which is put back into the ground.
Is this a standard approach or unique? will do some research...
Great pick Motorway thanks...
Bought in today at .042 (CXYO). If these close at .10 (CXY) or more today, technically speaking they are likely to absolutely blow on Monday....
Hi Surfing Man,..
That shows pretty much the UCG cycle..I think they are using the same company to develop who first started off with LNC (Linc Energy) in Chinchilla...I was watching them at 0.25 for a wee while, and then before payday...bammo up to mid 60's and stayed there ever since...check out the Kalina Cycle for info..also LNC website is a good read...UCG is great technology at a great time..its clean and doesnt dampen the coal industries economics..it also allows for recovery of resources that may be otherwise uneconomic..LNC definitely did a good thing by geting their own rig so they can drill merrily awy...dunno if cougar will do the same...but they are also placed in a good prospecting spot and I imagine majors like BHP/Anglo will watch them with a view to maybe taking over or licencing their technology...an interesting coincident fact is that BHP in the UK namechecked LNC as the type of company they would angle after as part of their techology divergence...I dont know much about shares but I am an engineer in the CSM and traditional gas/oil sector and these types of small companies (include MPO) are great little seeders for future growth..bit like QGC and Arrow were back in the day!
Go the maroons!
CXY is doing nicely this morning.
Shares are 11.5c - up .017c, 17.35%
Oppies are 5.8c - up 1c, 20.83%
I think these are new highs.
It will be interesting to see if any news coming to hand in the not too distant future.