Synthesis Energy Systems (SYMX)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.
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This post received no attention when originally posted on 1/29. On Friday 2/14 the stock jumped from PDC of 1.43 to a 52 week intra-day high of 2.49 but settled to a close of 1.83 on good news concerning a JV in China. This company seems to be putting itself back together. Bought in at 1.23 & look for this to go much higher. Any thoughts by anyone would be greatly appreciated.