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CCE - Carnegie Clean Energy

Discussion in 'Stocks 0-H' started by LeeTV, Dec 8, 2009.

  1. pixel

    pixel DIY Trader

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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.

    CWE am 26-10-16.png

    But another cap raising may be on the cards to cover the cash component of the takeover.
    And that could spook a few traders. :eek:
    (I hold, but will observe tight speccie rules.)
     
  2. groundhog

    groundhog

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    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.
     
  3. pixel

    pixel DIY Trader

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    Re: CWE - Carnegie Wave Energy

    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 ... :cool:
     
  4. pixel

    pixel DIY Trader

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    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. ;)
     
  5. pixel

    pixel DIY Trader

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    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? :confused:

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

    CWE o 07-11-16.png

    I still hold.
     
  6. Porper

    Porper Ralph Nelson Elliott

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    Re: CWE - Carnegie Wave Energy

    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.
     
  7. pixel

    pixel DIY Trader

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    Re: CWE - Carnegie Wave Energy

    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.
     
  8. groundhog

    groundhog

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    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.
     
  9. System

    System Administrator

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    On December 14th, 2016, Carnegie Wave Energy Limited (CWE) changed its name and ASX code to Carnegie Clean Energy Limited (CCE).
     
  10. pixel

    pixel DIY Trader

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    Re: CWE - Carnegie Wave Energy

    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.

    CCE 18dec15_to_28dec16.png
     
  11. groundhog

    groundhog

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    Re: CWE - Carnegie Wave Energy


    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.
     
  12. groundhog

    groundhog

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  13. pixel

    pixel DIY Trader

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    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.

    CCE o 20-03-17.png
     
  14. pixel

    pixel DIY Trader

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    Trading Halt: Capital Raising ... again!
    who would've thunk? :eek:
     
  15. pixel

    pixel DIY Trader

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    "A Morning of Two Announcements"
    leading to two directions
    I wonder if the gap at 5.3c might be back in play...

    CCE Gaps n 07-07-17.png
     
  16. pixel

    pixel DIY Trader

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    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. :p

    CCE n 08-02-18.png

    Disclosure: I hold.
     
  17. pixel

    pixel DIY Trader

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    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?
     
  18. Porper

    Porper Ralph Nelson Elliott

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

    I hold.
     
  19. pixel

    pixel DIY Trader

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    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
     
  20. RexxarLoh

    RexxarLoh

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    The shares price dropped till very low now....
     
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