GER (FA)
half yearly confirms that
- "Greenearth secured its investment of 33.33 per cent of NewCO2Fuels"
NewCO2Fuel's technology has proven world leading efficiency in converting heat into fuel, and has currently signed MOU's with some of the world's largest steel manufacturers (undisclosed at this point in time).
technology is set to enter commercialisation phase this year and the upside potential is insanely huge. This is the perfect time to go commercial considering how hot these green sectors are with the market. to put things in perspective, NEWCO2FUEL's won the
World Technology Network Award in 2014, which has previous notable winners such as Tesla (2013), Facebook, Google, Amazon, Skype, Toyota, 3M, Youtube for their heat to energy source technology. Clearly sitting aside these big names, the World Technology Network sees a bright future for this tiny company.
recent share price weakness/inactivity in my opinion was triggered by the uncertainty of GER securing the above ownership. However with GER confirming in Friday's announcement that they have secured 33% ownership, this is worth a lot more than the current share price, the large bids on friday reiterate this.
Furthermore - GER's rebranding of its lighting business and the scaling back on its unprofitable geothermal business should result in an eventual positive cash flow to help support the mammoth division of the business (NEWCO2FUELS).
i've seen this fly to 16-17c twice already and i believe now is the time for it to surpass that.
