A bit depends upon whether the interest payments have also been borrowed... in which case cashflow is the important number [imo]. If Amsterdam proves their 30 cent/litre profit forecast then this is a goer and only needs to be replicated multiple times. At this stage I take the 30 cent number as something which is unsubstantiated.
Usually I would not invest in a company like this [i.e. management].... going off an opinion of a friend of mine very familiar with pyrolysis tech who is impressed with this mob's approach... the difference being IGE produces road ready fuel, hence the possible profit margin.
IGE Price at posting:
12.3¢ Sentiment: None Disclosure: Held
