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Agree that we really need to see the first Amsterdam project...

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Lucretious

5,504 Posts.

1706

18/08/19

22:51

Post #: 40031852
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Originally posted by Dazedandconfused: ↑

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.

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Agree that we really need to see the first Amsterdam project coming to fruition and generating revenues to build confidence

The other thing though is that a big chunk of this company is owned by one holder, though I can't find the top 20 right now.

Certainly one to keep an eye on, and the next 12 months will be very interesting

XAO Value at posting: 6,485.9
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