bear in mind that GER will be paying $3m to NCF as part of the 33% stake ownership by January 2015.
GER will need more cash, but I don't think they will have trouble raising it at much higher prices than today's trading.
GER's illiquid trading can have you caught out, but the medium term picture is all the same in my opinion.
A little extract from today's announcement shows you who they are levelling up against:
''NCF joins a prestigious list of past corporate WTN winners including 3M, Amazon, Apple, Dow Chemical Company, Facebook, Google, Honda, IBM, Qualcomm, Skype, Tesla Motors, Toyota, The Weizmann Institute of Science and YouTube. ''
Correct me if i'm wrong, but it seems that The Weizmann Institute of Science have already won this award. Isn't that NCF's partner in this technology? could it be that they are partnering up with a past prestigious science award winner and won again?
GER Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held