Synthesis Energy Systems (SYMX)
Posted on January 29, 2014 by
Anyone have any insights for this company? It is up over 60% in the last three weeks & are involved in a interesting concept.
AT SYNTHESIS ENERGY SYSTEMS, WE ARE FOCUSED ON REALIZING THE POTENTIAL OF OUR ADVANCED GASIFICATION TECHNOLOGY TO CREATE HIGH-VALUE PRODUCTS FROM LOW COST FEEDSTOCKS SUCH AS LOW RANK COALS AND BIOMASS.
They have reported revenue increase of $5.9M compared to $13,000 PYSQ. They have several JV in place along with LOI with Karachi Electric Supply Company & 2 MOU’s in China one with Hongye International Investment Group Company, (for Glycol Plant Project) & one with Hulunbeier Tianfu Energy, (for Hulunbeier Tianfu Energy City Gas Project). One of their JV IS producing income,
generated $4.4M in the 3 months ending Dec. 31, 2012. It seems that the way pollution is in China this could be the way to go. Maybe Travis could shed some insight into this? Already bought shares.