Are you asserting that I am up-ramping by my last post? I don't think trying to lay out the information at hand trying to correct misinformation, in an accurate fashion is up-ramping. It is stating the facts for people who haven't read or understood it correctly.
With regard to CR - I don't have any money to spare on anything as I have been unwell for some time and have exhausted my savings funds. It is nothing to do with the stock itself. I would pick up some more of this CCE and reduce my average, but it is definately a gamble due to the EMC debacle and the govt. grants system changes. If I was flush with cash I wouldn't do anything till after the state govt. has been informed and they announce if they will continue to support CCE or not. If the state govt. is not happy then that will undoubtedly determine the future of CCE, whatever that may be.
ALL information should be met with a pinch of salt. Obviously information from the company has more validity than from some random person on a forum. If you have additional information you can formulate your own opinion or strategy further. Here's an example - I know of a big miner that promised ore on ship by date X. Date X came and an ann. with a photograph showed ore being loaded onto the ship, but the company didn't announce that the ore made it's way to the port via haulpak trucks because the last 20km of rail hadn't been finalised. The way the company ann. was written it seemed that the mine hub, rail and port hub were a fully operational system, which caused share price to balloon. a second example - guys here were photographing CETO units at Henderson ( I was one) before which prompted announcements from CWE.
I am sure in some situations companies will say things thing's that are "propaganda" and we never find out as claims made are met - when they don't then it is a problem and how we adapt to news is critical. I personally didn't react quickly enough on this stock but I was always here for CETO. EMC is a direction I didn't want and it hasn't turned out well. If we can hang on till a CETO unit is fabricated we may have a chance. Then it comes down to testing... Hence take info with a pinch of salt if some other info backs up some other source then it probably true.
This is somewhat repeating my comment above - What specifically have I said that is up-ramping? I thought what I wrote in this thread was fairly sound information and a few others have liked and commented on my "balanced" post/s (coppernoob). I don't have to agree with you but it doesn't mean I am ramping. You can be angry and vent etc. but coming on HC and saying information that is invalid or inaccurate can be damaging to so many others - "Ramping on the internet can hurt the small investor".
FYI - I have never liked the pivot with EMC, but I suspect that at some point it looked like a good idea to be a diversified company that could deliver microgrids, battery, solar and wave rather than just wave. I think that diversification was partly a fall back incase a ceto 6 project didn't happen (for whatever reason). From the financial reports EMC could be profitable, its just a major impact on cashflow and perhaps the cash flow required would severely limit CETO and the reliance on the grant process. Perhaps CCE cut EMC to get back on track to delivering ceto 6 - I assume the wave testing, validated the Design, enough to proceed. https://marineenergy.biz/2018/05/02/carnegie-wraps-up-ceto-6-wave-tank-testing/
you are definitely entitled to your opinion but some things that you have said have been incorrect and unsubstantiated information. Some people could quite easily take statement as fact and act upon it, which can be damaging.
Why do you think administration is still on cards - haven't CCE done enough "sacking" MO and dropping EMC? have you submitted a formal complaint to ASIC ?
based on volumes presently I suspect it is people like us trying to dollar cost average, have a gamble or minimising losses. Without looking at the registry it is impossible to say for certain who is involved but I would suspect there are various funds (institutional) who would have a finger in the pie and IF things fall in place regarding CETO then they may look to buy up based on price. If CETO is successful I doubt the SP would decline but I have seen weird things happen when emotional investors are involved.
foolish optimism perhaps. I have a large paper loss atm and I am disappointed I didn't get out and salvage some much needed cash. But it's done - I just hope I have opportunity to hold to see what eventuates with CCE in next 12-18mths. Hopefully CCE has done enough to stem the downward trend. With CETO still in the wings there is every chance that things can turnaround. Sorry you have lost and have been angered, but please consider the rest of us who are still involved and the language you write on here.
CCE Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
