Short Term Trading Weekend Lounge: 16-18 August, page-8

Hi Lucretious

I only heard about IGE a few weeks ago... still doing my research but so far looks good to me. I will probably end up buying a few to see how it goes but I am a bit concerned with their business model i.e. they want to maintain complete ownership of each project. Today's announcement shows they are willing to tweak that a little. It concerns me because that attitude means they will be carrying big debt loads for a long time [due to having to fund everything themselves] so they need to demonstrate very strong positive cash flows from the outset [if they are going to have a high growth rate].

The claim their pyrolysis process is a technical advance appears to be genuine... I will be watching to see how their financials pan out. Once the first operation has been going for 6 months it will be easier to judge.