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Synthesis Energy Systems, Inc. (SYMX) Message Board

bmr1150 14 posts  |  Last Activity: Sep 30, 2014 10:11 AM Member since: Feb 18, 2013
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  • Reply to

    SCOK

    by dy2 Sep 30, 2014 3:06 AM
    bmr1150 bmr1150 Sep 30, 2014 10:11 AM Flag

    Take a look at what Seeking Alpha said about SCOK. I think it very much on the money.

    SYMX has real opportunity not the smokescreen BS coming from SCOK.

  • Reply to

    am I way off base here?

    by bmr1150 Sep 17, 2014 2:04 PM
    bmr1150 bmr1150 Sep 17, 2014 3:11 PM Flag

    you mean where are they going to get the money to put infrastructure in place over the next 6 months in 4 closed mines and start producing net revenue which is what they represented in the press release-they are in default now on a note!

  • Am I way off base in being a bit skeptical? I checked filings for the past year:

    9/30/2013 annual report-- Coal

    Until June 2010, we largely extracted coal from Hongchang coal mine to meet our needs, although we also engaged in coal trading. As described under “ Coal Mining Moratorium ” below, however, we have been unable to extract coal since September 2011. We have instead been relying on coal purchased elsewhere, including from Shanxi, Qinghai and Inner Mongolia, to meet our requirements

    Note-A year ago, synthesizing gas was not in the plan. They sold coke and resold coal-no mining

    As of the May, 2014 10 Q filing: The Company’s ability to continue as a going concern depends upon the liquidation of current assets. For the nine months ended March 31, 2014, cash used in operating activities was $751,873. Cash as of March 31, 2014 was $204,341, which was insufficient for future operations. Additionally, the Company was not only slow in collecting its loans receivable...but also had not made a quarterly interest payment of approximately $2.12 million originally due on March 31, 2014 (now extended to February 28, 2015) to Bairui Trust Co., Ltd. (“Bairui Trust”) in connection with the Company’s long term loan.
    Due to the continuing provincial-wide consolidation program in Henan, all small to mid-scale mines are required to be consolidated and undergo mandatory safety checks and inspections by relevant authorities before receiving clearance to resume coal mining operations. This requirement applies to all SinoCoking mines.

    Sept 9, 2014: Press release
    The first phase of the project, which will cost approximately $18 million and be funded primarily from SinoCoking's operating cash flows and reserves, is expected to be in operation by Feb 2015.
    So, in summary, they go from 208 k in net cash 6 months ago to a scenario which envisions funding 18 million from cash flow and being somewhat operational in 4 to 5 months including opening the here to fore closed mines, etc. Wow

  • Reply to

    Politics

    by tds4545 Sep 4, 2014 5:47 AM
    bmr1150 bmr1150 Sep 4, 2014 10:22 AM Flag

    Agreed!

    Love canal needs to take it somewhere else. His value on this board is nil and his value elsewhere is debatable…wonder what his occupation used to be?

    Tenured poly sci professor at Leftwing U?

  • Reply to

    If you can't buy 'em, grant 'em....

    by alpinemeadows2003 Aug 25, 2014 5:31 PM
    bmr1150 bmr1150 Aug 25, 2014 8:48 PM Flag

    it's additional options my friend and I would guess that some will think the EBITADA bonus is a smokescreen. I wonder however if it isn't Rigdon playing from some strength and leveraging the board. Why now?
    I guess we will find out after the fact as usual

  • Reply to

    GE will probably buy them

    by c4porsche Aug 25, 2014 11:26 AM
    bmr1150 bmr1150 Aug 25, 2014 4:27 PM Flag

    I hate to seem like I am continually defending but your characterization of Rigdon as only having 30k shares is wrong. He gave up salary for options and he had options in his employment agreement. The PR firm has options as well as the latest round of venture financing. I bet Costenbader and the new controller have options-thats their carrot. The guys on the board own outright and also have options-everyone there is betting on the future. Hopefully for them as well as some of us, we see some success.

  • Reply to

    GE will probably buy them

    by c4porsche Aug 25, 2014 11:26 AM
    bmr1150 bmr1150 Aug 25, 2014 12:40 PM Flag

    Thanks for your opinion although it is a little light on fact.

  • Reply to

    getting ridiculous

    by fuel_cell_fych Aug 25, 2014 8:49 AM
    bmr1150 bmr1150 Aug 25, 2014 9:55 AM Flag

    I probably know a lot more about China's opportunity than you and SYMX has been a struggling start up since 2008 but it certainly has more traction now than back then-we have hashed over the stops and starts on this board in the past but there is clear opportunity for substitute energy resources, there is an abundance of raw supply (low rank coal, biomass, etc.) and a strong government mandate(read some of the latest directives for methanol as a gasoline additive, "clean" owed gen, etc.). SYMX has a much clearer opportunity today then 3 or 4 years ago and as a LT investor, I can be patient.

    Ever invest in biotech/healthcare and deal with burn rates through one exhaustive trial after another?

  • Reply to

    getting ridiculous

    by fuel_cell_fych Aug 25, 2014 8:49 AM
    bmr1150 bmr1150 Aug 25, 2014 9:31 AM Flag

    why don't you tell us something factual or are sheep scared of you as well

  • Reply to

    getting ridiculous

    by fuel_cell_fych Aug 25, 2014 8:49 AM
    bmr1150 bmr1150 Aug 25, 2014 9:19 AM Flag

    and you have a background as what and personal knowledge of what to make an accusation like that?

    Thats like me saying sheep should run when you walk into the pen….

  • Does anyone remember what ZCM builds and why it formed a JV to begin with? street trash definitely didn't want to explore that avenue…which could be paved with opportunity...

  • Additional disclosure: * Important Disclosure: The owners of TheStreetSweeper hold a short position in SYMX and stand to profit on any future declines in the stock price.

    And, further, the article is careful not too mention other applications for the process-synthetic gas, fuels like gasoline, etc. nor the current government effort in China to mandate methanol as a fuel additive much like we use ethanol, nor in conjunction with turnkey powerplants (like the Pakistan possibility).

  • bmr1150 bmr1150 Aug 4, 2014 3:27 PM Flag

    a stock analyst might suggest several larger blocks went out for sale and the systems had to cobble together a blended response which forced prices down a certain level and then some automated trading programs could have kicked in-it has definitely happened before with this stock.

    Could be wishful thinking or not but I doubt that the China market's potential dramatically shifted and there still appears to be a very real market viability to this process.

  • bmr1150 bmr1150 Jul 30, 2014 5:50 PM Flag

    Just reviewed the July 2014 investor presentation on web site-maybe based on the China partnerships they have, they don't need his overhead anymore...

SYMX
0.9865+0.0080(+0.82%)Oct 20 4:00 PMEDT

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