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Hi ncrmedia, firstly, thanks for having created this thread and appreciate you responded. I was looking for a USA forum where this EDEYF is discussed as discussion of penny/ otc stocks is not possible in the motley fool. You may want to look at the progress of this company since you last posted especially the US Updates in the last 3 months. Please refer to Edencrete.com u.s.a. site or edenenergy.com.au and let us know your thoughts. Other opinions discussed with regard to this stock are available in hotcopper.com.au. Best regards, v
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
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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.
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
U.S. Marketing Staff update from 1 September company announcement:
"Eden assembling a highly experienced EdenCreteTM concrete admixture sales staff:
Five full time sales staff, including two managers, already appointed with a collective aggregate of 109 years’ high level experience covering more than 18 US states.
Negotiations are currently underway with six other potential seasoned sales staff to select the remainder of the initial Eden sales team."
The experienced team is no doubt employing the skills and connections gained from their previous employment to generate sales for Edencrete. Would be great to hear marketing breakthroughs soon.
Regards
V
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
Thanks indeed MB. Cheers.
Hi all, if you haven't already subscribed to the Edencrete newsletter, you can do so at Edencrete.com. In addition to the investors presentation available at edenenergy.com.au the newsletter would be a nice source of information.
Regards
Hi greenhorizon, let's not forget, every day's a new opportunity! All the best.
Regards
V
Hi s68 and 1trend, great to find you here. I'm pretty sure there are substantially more retail investors in the US than Australia looking for opportunities like Edencrete to include in their portfolio. Not to mention fund managers as potential investors. Hopefully many will start looking into this company considering the manufacturing plants being built now, and yet to be built are in their backyard.
B regards
V
Hi ncrmedia, are you still on EDEYF? just wondering it seems so few have spotted the EDEYF train in the USA. Agree with you seeing the immense future of this company. Regards
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
Hi greenhorizon, I'm also intent in doing the same. I had shares in Tasman, eden's parent company, but I missed out on EDEYF when it was below 10 cents. The current price is still at a level where I can acquire a decent share relative to my personal portfolio.
Regards,
Vmp
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
Hi from down under, I'll share this forum to the Aussie folks if you don't mind. You can also visit hotcopper.com.au to see some interesting discussions of the future of Eden energy. Cheers