vmp1
8年前
I've posted this in hotcopper and thought I'd post it here in case it is of interest to some. - regards
Were the I-20 and a maintenance facility actually the acid tests for Edencrete with stunning results?
I mentioned in my posts 3x the I-20 interstate highway which has no visible cracking 1 year on, but looking at the announcements I keep finding something special about it, and also with regard to the maint facility project reported in 1 April. Regarding I-20, EC was used in a troublesome section of the highway and has high water content in the sub-surface beneath the road surface, which often results in a relatively short service life of the concrete roadway surface.
With regard to the maintenance facility, this is what the 1 April announcement said:
"The concrete at the maintenance facility is exposed to extreme rolling loads, impact loads and abrasive wear; and several times each year, under a scheduled maintenance programme, sections of the hard stand area that are severely cracked and require replacement are ripped up and replaced "
What is the point? This: if the field trials in California, Colorado, New York, Georgia and Maryland before December 2016 are done in less problematic roads than I-20, I'd say the success rate is 100%, and if done in similar troublesome roads, I am confident the success rate is 99%. Now I'm comfortable to invest in a 99% success rate scenario. How about you?
Please D.y.o.r., foregoing is imo.
Cheers
---------------------------------------------------------------------------------------
For substantiation, Below was 19 July company update, (now add almost 3 months to the date, and would be nice if another update is provided even though I expect it's still intact.)
Eden Energy Limited (ASX: EDE) is pleased to announce a recent visual examination of the current state of repair of the EdenCreteTM enriched section of concrete laid on 26 August 2015 as a field trial of EdenCreteTM on a troublesome section of the Interstate Highway I-20 in Augusta, Georgia for the Georgia Department of Transportation (“GDOT”) (see Eden ASX Announcement ASX: EDE 27 August 2015 and Figure 1 below) is showing no visible cracking or significant signs of wear after 11 months of highway wear.
The control section, laid on 27 August 2015 on the adjoining section of the same lane on I- 20, and using the same concrete mix but containing no EdenCreteTM, is however, already showing a significant crack developing (see Figure 3 below), 11 months later.
The trial section of the I-20 has high water content in the sub-surface beneath the road surface, which often results in a relatively short service life of the concrete roadway surface.
This result from the EdenCreteTM I-20 Field Trial mirrors a similar result in a commercial field trial in October 2015 (see Eden ASX announcement ASX:EDE 1 April 2016) where, in a six months’ field trial of EdenCreteTM using of the same GDOT 24 Hour Repair Concrete Mix in an application that is subject to extreme wear and abrasion (see Figure 4), no cracking or visible wear was evident. However, there was significant cracking and visible wear in the control slab (see Figure 5) within the same 6 months period. As a result, EdenCreteTM was then selected for used is a subsequent commercial replacement programme at the site.
vmp1
8年前
Company Update dated 7 October provides very significant information and based on these I totally agree with you Greenhorizon.
http://www.edenenergy.com.au/pdfs/5ffc81ceb24bdb798d1c802d44d5689b.pdf
Very encouraging highlights include the following:
"6 full time, highly experienced EdenCreteTM concrete admixture sales staff already appointed together with a highly experienced senior vice president responsible for national and international product development.
• US commercial trials have commenced: Up to 10 trials scheduled in California, Colorado, New York, Georgia and Maryland before December 2016.
The expansion of Eden’s Colorado based production capability of EdenCreteTM to a targeted maximum of 2 million -2.4 million gallons per year remains on schedule to be operational by early in 2017."
Whereas successful trials were done only in Colorado and Georgia previously, other states are lining up, and with the hiring of additional sales resources, the list are expected only to increase.
It is also noteworthy that the the Colorado plant is on schedule to finish early 2017. By that time, a good number of sales pipelines would be progressing well based on efforts from the sales team between now and 1st Qtr 2017.
Regards
V
vmp1
8年前
Edencrete newsletter available now is also a great source of information.
The newsletter, from this week, is devoted to edencrete...Here is a copy of the newsletter, for those who have not yet subscribed...http://www.edencrete.com/case-study/georgias-highways/
Other very recent version of investor presentation dated 1 September 2016 available in the company website on edenenergy.com.au
It shows there the field test on I-20 Interstate highway Georgia done in August 2015, a year has passed and still showing no evidence of cracking, whereas the control section has started cracking.
Regards
stegz68
8年前
Hi ,Hot copper is an Australian share forum,which i urge you to look at,Eden energy,It is an Australian coy that is about to make big waves in america with there carbon nano tube technology .
There concrete additive Edencreate is a revolution in new concrete technology making concrete stronger and less abrasive ,so less concrete is required saving money,They are currently building plants in Colorado and soon Augusta which will create many americian jobs.
Testing being completed by Georgia department of transport with outstanding results,
IMHO this is a once in a lifetime opportunity to get into a coy at the ground floor that is going to revolutionize the concrete industry world wide
Ps;Take time to read posts from MB Rolling and vmp to name a few,
Regards
MarkyBoy49
8年前
Hi again woody,
here is an updated list of the things that I believe will happen over the next 3-6 months:
1. News that the GDOT has actually awarded the 2-3 tenders that will signal the first of many commercial orders that will be placed by the GDOT for 24 mix repair mix applications. FYI: The GDOT’s budget, for the next 10 years, is ca. US$ 1.4 billion p.a. so there is huge potential here for EdenCrete (and this is only in Georgia!).
2. News regarding further additions to the EdenCrete sales team and other appointments.
3. News that EdenCrete’s existing customer MARTA has put in another order (could come at any time but my bet is that it will come very soon).
4. Feedback from the ca. 9 companies that are currently trialling EdenCrete for “readymix” applications.
5. Feedback regarding several trials that are now being undertaken by companies in the “precast concrete” sector. FYI: the US precast concrete sector is worth ca. US$ 12 billion p.a.
6. News and/or rumours of very serious interest being shown by large institutional, private and corporate investors (could come at any time but my bet is that it will before the end of this year).
7. News about exactly when Colorado Stage 2 (CS2) will be fully operational (my feeling is that barring any unforeseen problems this should be in January 2017). FYI: CS2 will be producing up to 200,000 gallons of EdenCrete per month at a value of approximately US$5 million. By my calculations this will produce a profit of US$1 million per month (based on a profit margin of 20% which IMHO is a conservative estimate). And all this from nearly the very first month of operation!
8. News that other DOT's have commenced placing orders for 24 mix repair mix applications (my feeling is that this should be in the first quarter of next year).
9. News that apart from MARTA, other private commercial orders have been received (could come at any time, however, as previously mentioned, only the really major orders can be filled when CS2, is up and running early next year).
10. An update from the GDOT and/or the FHWA regarding the field test for Class A/Class 1 applications (my feeling is that this could be before the end of this year).
11. Update on the progress of the ultra-high-strength concrete research project with the Deakin University (probably more of a 6 to 12 month project, however, a breakthrough announcement would not surprise!). If the overall goal of eliminating just about all steel reinforcement using EdenCrete is achieved this will have huge implications not only for EdenCrete, but also for the concrete and steel reinforcement industries.
12. Update on the progress of EdenPlast (could come at any time and a breakthrough announcement would not surprise!). If there is a major breakthrough here, this will have huge implications for the EDE SP!
Best regards and as always everything is IMHO and please DYOR!
MB
MarkyBoy49
8年前
Hi woody,
Here you go:
31.12.2016 = .50
31.12.2017 = 1.00
31.12.2018 = 2.00
31.12.2019 = 3.50
31.12.2020 = 5.00
The above EDE SP forecasts are based entirely on the sales figures outlined in the EDE “Investor Presentation” that was announced on September 1st. The P/E ratio I have used is 15, which is realistic in this industry sector. The US$/AUD exchange rate is set at 1.3000, which is of course subject to daily fluctuations.
These SP figures do not include any sales from EdenPlast, which are quite likely to arise in 12 to 24 months time.
These figures also do not take into account the effect of a takeover or investment by a major private or corporate investor.
As always, everything in this post is my own personal opinion and I urge everybody to do their own research.
Best regards!
MB
vmp1
8年前
Hi Woody, agreed. I'm actually surprised that EDEYF Edencrete seems still an unknown phenomenon in the US. But given my own inattention until 5 months ago, I can't blame anyone. As you said, we welcome the idea that more retail investors get in at these price levels, and before major institutions jump in, potentially driving the SP to significantly rise.
Regards,
V
vmp1
8年前
Hi MB, thanks for the heads up. I have informed my cousin who is based in San Francisco as well about Edencrete and he immediately looked it up while in conversation, but needs to look into it in more detail. I'm pretty sure more investors like my cousin will be amazed at the potential of EDEYF in the short, medium, and long term, considering:
1) the field trials by GDOT (Georgia Dept of Transport) have been very successful and GDOT has advised EDen that it will identify certain projects that specify the use of Edencrete in tenders, this is a major endorsement for the product,
2) top notch sales team have been hired, two of them from very reputable companies like BASF and SIKA. That these senior and very experienced sales executives have moved to Eden, a start up in admixture industry, speaks volume,
3) some 9 major concrete companies have been given samples in recent months and agreed to do their own testing, and strong interest is expected from these gauging from GDOT's acceptance of Edencrete,
4) Edencrete can save America an enormous sum in its multi billion dollar Infrastructure budget (regardless of who wins the election between Trump and Clinton) potentially 40-45% based on scenarios tested in field trials,
5) Colorado plant expansion, with 2.2m gallon capacity, expected to be completed in early 2017.
6) Eden is expected to accelerate the construction of its base/ major manufacturing facility in Augusta, following the state's grant worth $24.7m in land and tax incentives.
At the moment, Eden is an excellent value and I really want to accumulate more as the current price in my view won't last very long.
All, please do your own usual research. These are my opinion based on reading the investor presentations such as the update from MB.
All the best, regards.
vmp
MarkyBoy49
8年前
Hi to you all,
this is the latest big news from Eden Energy regarding recent developments with their breakthrough Carbon Nanotube product "EdenCrete".
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
15 September 2016
EDEN PLACES $15M MOSTLY WITH 4 AUSTRALIAN INSTITUTIONS
HIGHLIGHTS
• Eden places $15million @ 18c via Bell Potter
• Over $13 million taken by 4 Australian institutions
• Proceeds deliver Eden the financial capability to accelerate
development of the large-scale Georgia US- based EdenCreteTM
production facility, significantly de-risking this milestone project.
DETAILS
Australian carbon nanotube technologist, Eden Energy Limited (“Eden” or “the Company”) (ASX:EDE) is pleased to announce that the Company has agreed to a two-tranche placement to Australian institutional and sophisticated investors, of 83,333,333 ordinary shares at an issue price
of 18 cents per share, to raise A$15 million (before the costs of the issue). It is intended the proceeds will be employed to accelerate the development in 2017 / 2018 of the planned large-scale EdenCreteTM production facility in the US State of Georgia and to also provide any additional working capital as required.
Over A$13 million of the total amount raised is being placed to four Australian institutional investors. The placement was arranged by Bell Potter Securities Limited.
50 million shares will be issued immediately as the first tranche of the placement, under the Directors’ 15% placement capacity to raise an initial A$9 million. The balance of 33,333,333 shares (to raise a further A$6 million) will be issued as a second tranche subject to approval by shareholders at a general meeting scheduled to be held on or around 28 October 2016.
EdenCreteTM, a carbon-nanotube enriched concrete additive developed by Eden, has undergone highly successful trials in the US and commercial sales have now commenced. As a result, EdenCrete has attracted strong support from the Georgia state and local governments in the form of a
combined US$24.7million financial incentive package to establish a plant in Augusta, Georgia.
Additionally, EdenCreteTM which has been approved for use by the Georgia Department of Transportation (“GDOT”) in its 24 hour concrete repair mix, is proposed to be used by GDOT for several forthcoming state funded highway repair projects to achieve high performance, cost effective outcomes.
The Directors of Eden resolved to undertake this capital raising at the present time because it significantly de-risks the US EdenCreteTM project in that:
• The placement will enable Eden to fast track the initial development of the proposed large scale EdenCreteTM production facility in Georgia in 2017/ 2018 to meet the anticipated demand, regardless of possible major fluctuations and upheavals in the global financial
markets; and
• It also ensures Eden has sufficient funds immediately available to continue expanding its newly formed team of highly successful and experienced sales people, a move anticipated to significantly increase the volume of EdenCreteTM sales over the next year.
Very best regards to you all!
MB
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