I am not that fussed about the recent cap raising given that it was done at 8c a share. After all it could have been much worse, just as long as it finally, once and for all secures us the 33% share of NCF we have all been waiting so long for.
The potential for all to see remains, especially so the information highlighted on pages 5 and 9 of the presentations recently released to the market.
On page 9 you can see that in Australia, in the industrial lighting space, GER is targeting up to 41% of a market that is worth $2.6bn AUD in total. Globally, GER are targeting markets worth a combined $26.4bn AUD.
Then on page 5, in relation to NCF, they are targeting a $1.1tn AUD market opportunity for both heat and solar-based options with the added bonus of saving over 1bn tonnes of CO2 emissions.
There's way too much potential on offer here to be standing on the sidelines IMO. After all, how many companies on the ASX can claim to be targeting $1 trillion AUD markets? Furthermore, how many of these companies are currently trading at just 8.5 cents a share?
If GER isn't a screaming LT buy then I don't know what is.
GER Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
