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EDE, EDEN ENERGY LIMITED
mullokintyre
post Posted: Today, 01:21 PM
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In Reply To: bg99's post @ Today, 11:29 AM

Not sure I could agree with it closing at the high.
I suspect more than a few punters who participated in the raising will not take the stag profit.
Prior to the announcement, if you had already had a holding, selling the addition via the SPP would be a tempting offer. Too tempting for me at least.
I am a little surprised that EDE did not wait till after the release of the announcement about the deal that caused this meteoric rise.
They could have got a greater amount of cash for the same issue.
I have no doubt they knew of this impending deal.
Mick





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bg99
post Posted: Today, 11:29 AM
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In Reply To: mullokintyre's post @ Today, 10:59 AM

Nice one.... I'm thinking it will close today back near its highs... we shall see, golden X might be looming for PRX

 
mullokintyre
post Posted: Today, 10:59 AM
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In Reply To: bg99's post @ Today, 10:38 AM

Yeah, i sold them at 39.
50 % in a two week period is too good a profit to let go.
Helps to ease the pain of some of my less successful forays such as PRX and DCN.
Still have a holding that is out of the money , but hopefully that will be improved over the long term.
Mick



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bg99
post Posted: Today, 10:38 AM
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In Reply To: mullokintyre's post @ Today, 10:08 AM

Yay Mick, I better check out my SPP letter again... well done on your recent buy !

 
mullokintyre
post Posted: Today, 10:08 AM
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In Reply To: bg99's post @ Today, 09:54 AM

Riches may yet wait us BG, up 48% on the open.!
Mick



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bg99
post Posted: Today, 09:54 AM
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In Reply To: mullokintyre's post @ Jul 10 2020, 02:56 PM

Finally.... a large sales contract announced !
https://www.asx.com.au/asxpdf/20200715/pdf/...jw2twgly3r5.pdf



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mullokintyre
post Posted: Jul 10 2020, 02:56 PM
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In Reply To: mullokintyre's post @ Jul 10 2020, 02:51 PM

EDE announced an extension to SPP.
Not a good sign, looks like not as many people took up the offer.
I didn't myself, as I was able to buy some on market at 0.027.
Yes its only 1/10 cent cheaper, but if you buy a few hundred thousand it can make a difference.
Mick



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mullokintyre
post Posted: Jul 10 2020, 02:51 PM
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In Reply To: bg99's post @ Jul 10 2020, 11:57 AM

Excellent work.
I just did a rough guess based on some of the jobs that they announced, it seemed like they were using a lot less Edencrete in the US.
It may be only for those traffic areas where high compression can be expected. Dunno.
Hope your calcs are right, there night be some money to be made yet.
Thanks Bg.
Mick



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bg99
post Posted: Jul 10 2020, 11:57 AM
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In Reply To: mullokintyre's post @ Apr 29 2020, 10:11 AM

Hey Mick

I have a few shares in EDE so I was interested in your comment

"Still doesnt' take away from the fact that in a pour of concrete worth 10 million, the Edencrete component is only about 200,00."

So I went to do some rough calculations to check this
From https://hipages.com.au/article/cost_of_concrete_per_m3

The cost of concrete per cubic metre in Australia is anywhere from $200 - $300+ per m3 (cubic metre), though you could pay as much as $350 for 40 MPa strength. Variations in cost will be due to local prices differing slightly, the type of concrete you order as well as any additives or admixtures required.
Concrete grades can range from 20 to 25, 32, 40 and 50 MPa - with 20 MPa and 25 MPa the most common for driveways and footpaths around the home. This type of concrete is classed as normal class concrete. You will need to specify special class concrete if you are adding any pigments or need a stronger type of concrete.

In an announcement 2/4/20 a customer in the USA paid $120000 for a job doing an industrial storage floor of area 18580 m2 (136mx136m)

Assuming a thickness of about 6 inches or 0.15m, the volume is 2787 m3. Equivalent cost in AU$120000x1.44=AU$172800Cost of Edencrete is 172800/2787=AU$62/m3

Now for a job worth $10m, lets say this includes the Edencrete in the concrete and for this job assume they assign 32MPa concrete (a check in the USA says 32MPa is appropriate for "Medium or Heavy pneumatic tyred traffic", 40MPa is for non-pneumatic tyred traffic). So we will assume this as at the upper end of the AU$200-300 range of AU$300/m3
Hence a job of this type including the Edencrete in the mix is a factor of 62/300=0.207So for a job of $10m concrete (with Edencrete in the mix), AU$2.07m of Edencrete would be used.

To do a check:

In another announcement on 6/3/20 the Port of Savannah trials, they said they used 1 gallon Edencrete/1 cubic yard concrete which is 4.95 litres/m3.This is a very heavy industrial application, so lets assume the job for the industrial floor used a bit less at 4 litres/m3 (4litresEdencrete/1000litres concrete, the Parchem brochure reccommends anywhere between 2 and 10 litres per m3)
so volume Edencrete used would be 2787m3 x 4= 11148 litres, which would price Edencrete at 172800/11148=AU$15.50 per litre
As a check I rang Parchem......for trade prices without GST they quoted

4 litres Hc $87.60 or $21.90/litre, 200 litres $3650 or $18.25/litre, 1000 litres $14600 or $14.60/litre4 litres Pz $116.80 or $29.20/litre, , 1000 litres $23360 or $23.26/litre
For AU$10m worth of concrete at AU$300/m3=33333.33 m3 of concrete, which requires 4 litres per m3. At the 1000 litre volume price of Hc this is 4x14.60= $58.40/m3 of Edencrete Hc, which gives us 33333.33 x58.40 = AU$1,946666 or about AU$1.95m of Edencrete Hc needed for a AU$10m concrete pour.
This is close to the first calculation of AU$2.07m. I think you might have just been a factor out somewhere in your calculations, which is easily done.
Of course this is what is received at the shopfront, and revenue at the shopfront does not equal profit to the supplier, so I don't know if you did an after cost calculation either ? However my sums would indicate EDE might get a bit more $$$ out of a $10m pour.

Happy to be corrected if needed !
Cheers







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mullokintyre
post Posted: Jul 9 2020, 10:07 AM
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In Reply To: nipper's post @ Jul 9 2020, 09:41 AM

If I used voice recognition, most of it would be swearing.
Mick



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