re: Ann: NewCO2Fuels signs agreements with tw...
In my previous post I incorrectly referred to ArcelorMittal as one of the two conglomerates when it fact it is 'just' the world's largest steel manufacturer.
The two conglomerates are both based in Germany IMO and they are gigantic.
By doing a little bit of background checking I am convinced the partner for the pilot plant is Siemens and the collaboration partner for product development is Bosch.
If I am correct this is absolutely huge for GER. Siemens has a market cap of $110 billion and Bosch $327 billion.
Of course there is no way of knowing for sure, but GER itself did state that the two conglomerates were European-based, and when it comes to the respective areas of expertise relating to the limited information GER released, Siemens and Bosch tick all the relevant boxes.
Imagine that, GER partnering with ArcelorMittal, Siemens and Bosch!
How big is this company going to be?
Worth a hell of a lot more than a market cap of $10 million and a share price of $0.085, that's for sure!
GER Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held