EDE
In the last 12 months, I topped up at under 4c... Today it reached 13c. When a product is successful and successfully tested in the USA to be a superior product, people will want to buy it... and I benefit!
posted by Club Mulgoa @ 5:56 AM
3 Comments:
Since the last trading halt and the big announcement which lifted the halt, the share price has been leaping WITHOUT any 'please explain' from the ASX.
The message is the tests have been successful and the USA state of Georgia fully endorses it and is offering great incentive for EDE to manufacture its concrete additive there. Strange that there is hardly any media interest in this Aussie technology!
What is amazing for me is the rocketing share price! At this rate of progress, I expect EDE to be my most valuable and most profitable individual equity parcel before long. I have bought my cheapest top-up at under 1c... and it closed at 25c. In 2015, I kept buying at under 2c and one lot at 3.1c. At 25c, it has way exceeded the price of every single parcel of EDE that I have paid for.
I won't be surprised if a takeover offer comes along very soon... from a US company.
Between 2011 and 2015, there was hardly any analytical article on Eden Energy yet I was intrigued by its technology. Strange that the greenies are not remotely interested in it.
All my EDE shares were bought in 2011 (ranging from 4.7c to 16.3c), one rights issue in 2012 (at 0.9c) and the remainder in 2015 at 1.8c and 3.1c when it started reporting on its cement additive innovation.
Maybe, I do know how to read technological advantage! While fund managers were dabbling in other shares, I was analyzing scientifically!
When this stock was raving about its technology, it sounded like pie in the sky.
After extracting hydrogen molecules off methane, the highly flammable and explosive gas is used to power engines. Strange that the greenies have ignored this technology. Why? Because when it burns, with the oxygen the waste product is WATER!!!
But what is driving the share price of this stock is absolutely amazing and certainly sounded fanciful when I first read about it. However, its cement addictive using the leftover carbon skeleton, has been proven.
The other incredible fact is TAS which owns more than 40% of EDE is grossly undervalued!
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