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CNM - Carnegie Corporation

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chops_a_must

Printing My Own Money
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Given that the CETO technology (the funky thing being tested off Freo) has been given some publicity recently, I thought I would start a thread with the only ASX listed company with exposure to this company.

In brief, this technology can generate electricity from wave power at the same time as producing clean water.

I also found this post very helpful, so cheers:

"Hi YChromozone,

Have been following your information on CNM. I have also been following this stock for sometime now and have built up a holding.

You mentioned a while back about CETO and the fact that it has been sold off to REH on the AIM n London - which is correct. As part of this deal they received some stock in REH and bought some more at the time of listing. They still hold most of this stock but sold a few recently to fund the listing of their mineral sand assets on the AIM also.

As part of the REH deal however they also secured the following:

1. The rights to invest / partnership in any future project involving CETO.
2. The rights to invest into future renewable energy projects deemed appropriate on same terms as REH.

This should allow them over time to build up a portfolio of renewable energy projects in Europe, anything to do with CETO and hopefully the commercialisation of a small clean coal project.

It is still a small stock with a long way to go and I think a capital raising will be needed to fund some of the above, however a government grant should be forthcoming if the clean coal is viable."

At the time of posting this, it looks like it may be building to a breakout from .035.

I don't hold. But certainly, it will be one I'll be keeping a very very close eye on.
 
Chops,

What sort of coverage did they get in Perth. It is a company I have been following for a while but find it difficult to get info on it being on the east coast - other than market itself.

I understand there was information in papers and tv during the week as the board of REH was in town. REH are the joint developers for the UK.

Higgo
 
It was pretty much just the visuals and videos that they have on the various websites but on all the stations here.
 
bhiggins said:
REH are the joint developers for the UK.
Click to expand...

My understanding, AIM:REH owns 100% of Seapower Pacific, the developers of CETO.

So it just means the owners are in town.
 
Good day for CNM on volume and share price. Hopefully with current environment towards climate change the momentum will continue.

Hardman Resources owned approximately 5 million shares in CNM through the long term connection with Alan Burns. With Hardman being taken over by Tullow at end of last year, Hardman have been forced to sell down their CNM holding over the past few months. With this seller out of the way it should also benefit I would think.
 
For anyone following CNM, the mineral sands division (CME listed on AIM in London) announced an offtake agreement with Astron for between 50,000 and 70,000 tonnes of Heavy Mineral Concentrate at $50 USD a tonne over the next few months.

Finally good to see positive cashflow on this project and has seen a shareprice jump of 12% for CME already this morning in the UK. Interesting to see when this will be released to Aussie market and its effect.
 
Good to see some action on this stock. A 27.5% increase today on very good volume.

Announcement on progress of clean coal technology must be due soon as they planning to submit application for government funding by end of quarter 1.
 
For any CNM followers - A good announcement after close today in regards to resource estimates for a small area of its Gambia - Senegal Mineral Sands project of which they maintain a 45% holding. They currently working on testing the rest of the area.

Looking forward to further announcements on its renewable energy activities also in the near future.
 
Gee CNM shot up today almost 60% on good volume after announcement regarding proposal for worlds first base load wave farm desalination plant read announcment for full details. Sounds promising killing two birds with one stone.
 
So far today CNM is doing amazing. Its finding resistance at the 0.160 mark though.

Well just as i type this, it broke through the 0.160 and powered to 0.170 so far...
 
aaronphetamine said:
So far today CNM is doing amazing.
Click to expand...

I've been a long time supporter of CNM, buying my first lot for 2.1 cents back in 2004, but this is crazy. . .

The announcement that came out was advise about a proposal to build the first CETO plant. Nothing has been finalised, it is only a proposal. Someone still has to fund it too. Any holders will know Ceto 2 has been on the cards.

Seapower Pacific, the builder's of CETO is not even owned by CNM. It is owned by Renewable Energy Holdings (AIM:REH) and CNM owns part of REH. How much did REH go up on the AIM last night? Zip, thats right, opened at 46p and closed at 46p.

I would love to hold, but faced with the prospects that this hype might deflate quickly, I think I might bail out. The trouble is I don't really need the capital gains this year. .

umm, what am I missing?
 
What you missing is that CNM own a small part of REH PLUS the tights to invest and own on equal terms any projects utilising the CETO technology.

REH was already fully valued based on its ownership of CETO and other projects. CNM still only has a market cap of 38m at these levels.

With mineral sands, CETO projects and clean coal announcements to come I thin this stock can go much higher in current political and climate change environment.

My opinion obviously.
 
bhiggins said:
What you missing is that CNM own a small part of REH PLUS the tights to invest and own on equal terms any projects utilising the CETO technology.
Click to expand...

Cool. To invest and own on equal terms is nothing new. We were talking about that at the top of the thread.

CNM has $1.3m cash on hand at the end of the last quarter.

“We are currently finalizing details for the world’s first base-load renewable energy power station. A 50MW demonstration CETO Wave Farm would supply power for around 40,000 households and cost around $400 million.” Dr Ottaviano said.
Click to expand...

So maybe CNM decides to go halfs, that's a 200 million dollar capital raising. We have $1.3M, pending it not being spent on other developments, so the company only needs to raise another $198.7m.

It's not as if suddenly the company found a massive 'bankable' reserve two days ago, like a Hot Rock or uranium explorer. No, anyone, one day may be able to buy a CETO and provided you have development rights to moor it off the coast you should be fine. The money will be in the IP. Where are the royalties like the pursuit dynamic project?

So the question comes about ROI. 50MW plant costs 400M. That's $8000/kW installed as capital costs. Wind is $1500/kW, PV Solar ~ $10,000/kW, HDR estimated to be about $2500/kW. To be fair, I haven't included capacity factor, but it's barely cheaper than PV solar.

Don't get me wrong, I think CETO has great potential, otherwise I would have never invested. I also think the potential is in the desal, not the electricity so again I'm being a little unfair with the above statements. I'm just get a little worried when the Share Price goes up 145% in two days for what was a proposal :

The Company wishes to advise of a proposal for a world-first base-load renewable energy power station
Click to expand...

with a if :

If the project gets the go ahead this year, then we will be able to start construction in 2009
Click to expand...
(I'm confident it will however, subject to finding the capital)

And we saw in December 2006 a report detailing the commercial aspects of CETO I, CETO II, and CETO III.
 
Thought this one was worth a punt today. As is obvious, I've been following this one for a while, and been looking for a place to enter. And right now, it looks pretty good. Nice pattern, nice formation. Bullish pennant in a larger ascending triangle pattern. In a great sector, with interesting and huge potential, I can't see it reversing. In fact, volume has dried up on the retrace. So all systems say go.

In today on the daily pivot of .135. Looking at an initial target of 20c. Appears to be breaking out on volume. Any close on or above 14c would be very bullish as it would be an all time closing high.

Cheers,
Chops.

EDIT: In the time it took to do this post, it went up another 8%. Now definitely breaking out, Lol!
 

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Chops, that was a brilliant bit of technical analysis and you hit the nail right on the head - well done. I have been buying this stock quite solidly over the past 4 or 5 years and have had a great ride as of late obviously. Not planning on selling for a while also.

I am fundamentalist but always love to have a good read from the techies as well to back things up. Good luck and keep the analysis coming.

Cheers Higgo
 
chops_a_must said:
Thought this one was worth a punt today. As is obvious, I've been following this one for a while, and been looking for a place to enter.
Click to expand...
Looking for a place to enter? How about at 3c back in Feb when you first posted on CNM? Haha... just being a prick. Nice call with your TA. CNM looks to have alot of promise, renewable energy which can also be used for Desaliation technology. In my view EVERY city in Aus, (except maybe Darwin) will need a desal plant in the future, maybe 10 yrs. Melb has been on water restrictions for as long as I can remember, and Brisbane, well... they are drinking mud!
 

Thanks.

It Looks like CNM is going again. Decent volume and movement after a drop off in volume on the pull back, and a bounce near the bottom trend line.

I've been in this one a little longer than expected, but am trading it to free-carry... for obvious reasons...

With the momentum it has it would probably be pretty good for a longer term hold if that is your bag.

Cheers,
Chops.

NB: today's data not in the chart.
 

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Missed the boat twice on this one.. I wanted to invest ever since seeing them on Catalyst months ago but I couldn't find an online transcript of the show to get the name of the company and google searches for wave power didn't show any results... Actively persuing it and missing out on 3c held me off until I was sorely tempted at 11.5.. If only I'd come here and asked months ago... I need to be slapped with a wet fish.
 
And it's sure as anything to get more attention now. Perhaps the best or most important announcement this company has made:


I'm free carrying a small amount of shares in the hope that will enable me to participate in inevitable cap raisings in anticipation of events/ future projects like this.

Interesting to see where this goes from here...
 
CNM - Carnegie Corporation Ltd

Hi guys,

Anyone have any ideas/theories on what the share placement may do to carnegie SP??

Cheers
 
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