Ann: Major USA Transaction Finalised, page-30

Reasons to like IGE

Technical:

• Top 20 hold 73%.
• Significant base formed at 10c. Sellers seem exhausted at these levels to mid 30s. One would doubt the Top20 would sell out now.
• Huge green candle on Tuesday - biggest volume of year

Fundamentally:

• Amsterdam factory operational early 2020, allowing cashflow (not debt) to fund future global expansions (permits already granted or underway)
• Patented tech.
• Plastic and rubbish build up is a huge problem given China’s refusal to take anymore “foreign waste”.
• Getting paid to receive waste from suppliers
• Can sell end product usable fuel for 30c per litre, and estimate producing hundreds of millions of litres of fuel p/a.
• Competition can only produce unrefined fuels.

Target 30c.

Could run very very fast.