Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (3825)	10/9/1998 9:34:00 AM
From: richard badauskas	Read Replies (2) of 18998

An interesting event driven micro-cap with a market cap of US$20M is Geo2 Ltd (Australian Exchange 'GEL' , ADR's quoted OTC 'GEOTY') web-site at aircommunications.net Geo2 has developed 11 environmental remediation technologies 5 of which are now commercialized and sales started at the end of the first quarter of '98. They have developed very high quality portable water purification units which the Chinese tested in the recent heavy floods in China and immediately set up sales contracts for 300 units per year with additional orders to follow. The Chinese market is HUGE notwithstanding all of the current hadwringing about the Asian economy. 79% of all Chinese waters are polluted and this problem is a major priority for the Govt. Geo2 also owns a Chinese precious metals refinery located at HuLuDao. The operation is still small but is expected to generate sales revenues of US$75M within 4/5 years. The Chinese Govt last week announced that they intend to build up Govt reserves of gold reserves from 395 tons to 1,000-1,500 tons. This will be done by increasing internal production and purchases of gold. Geo2 has already been offered additional refinery capacity to increase production well above the future projected US$75M in sales and is in talks to finance a series of ventures to increase production. Geo2 expects to complete IMO certification of its maritime oil/water separators shortly and is negotiating to sell them to major maritime fleets including the navies of Australia, England and China. This technology allows major shipping to discharge ballast and bilge water at sea resulting in large cost savings being fees which are currently paid to ports to discharge the oily water. The web-site will up-date you on all of the other interesting developments going on in this little known company.

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