Exhibit 10.2 includes the following:
Project Pipeline of SESHK and/or Its Affiliates
Lists 46 projects. Unfortunately most of the information is omitted, including things like capacity and project start period. Projects are mostly in China, but also include Indonesia and Philipines. Most interestingly, the last 6 projects are listed with High Priority, but the country names are blocked out. The first 42 listed projects have a country name listed.The first 4 projects also listed as High Priority. No dates listed for High Priority.
my latest reply to you was erased by yahoo, so you'll have to find it the long way. Google "sec filings company search" then go to company search page, type in SYMX in fast search box, then go to form 8k filed Feb 14,2014. Click on Exhibit 10.1.
Among other things, it shows the competition and their type of coal to gas conversion.Most of them are fixed bed or entrained flow bed. Only SYMX has a description of Lignite, low quality coal and biomass as a source of fuel. According to the filing," U-GAS® is especially suitable for low-quality &low-cost coal and biomass, such as lignite, sub-bituminous coal, peat, etc. Therefore, U-GAS® gasification technology is very suitable for developing large coal chemical projects in Inner Mongolia, Yunnan, Xinjiang, Ningxia, Shaanxi, Qinghai, Guizhou and other regions with low-quality coal feedstocks". In addition,SYMX's method is "Environmentally friendly process produces waste water that does not contain tar, phenol and other impurities.The processing cost is very low, while alternative gasification technologies contain a large amount of tar oil so their waste water treatment process is complicated and costly" and, "Water consumption in the production process is lower than other gasification technologies. This makes our technology particularly suitable for use in Inner Mongolia, Xinjiang and other regions lacking of water and where waste water disposal cannot be easily managed".
They also set forth in general terms what their future plans for 18 months(at least 3 projects), 2 years and more, including a possible IPO. They are apparently also having discussions with Pertiminain Indonesia. The "TJV will, within the first year of establishment, seek to have the SES Gasification Technology endorsed by the China central government".
It looks to me as tho they are thinking on a large scale, with aggressive intent.
Google the above heading. Looks like we're about to roll.
Per Yahoo, ARLP will report sometime between 4/21-4/25. According to the latest conf., the new long wall move at Tunnel Ridge was completed at the end of January, and operations were ongoing "as planned". Since they stated previously that this move would substantially increase their productivity, their "as planned" comment should be taken in a very optimistic manner. My understanding is that the production at Tunnel Ridge is among the cheapest and most efficient in the country. The action of the stock seems to underscore that. Since there have been no other news items released recently, it would seem that everything is operating normally, which in ARLP's case is good, as compared to all the other coal operators.
Looking forward to hearing about the progress at Gibson South and White Oak, both of which will begin to come online in the 3rd quarter, and both of which should add substantially to growth, top and bottom line in the next 2 or 3 years. Once these mines come on line, Capex should decline substantially, thereby giving the Co. opportunity to expand their investment in growth elsewhere. Personally, I would like to see them expand into other energy opportunities other than Coal, even tho their expertise in that industry is clearly superior. Nevertheless, Coal's future is cloudy, and at least in the US, is probably limited.
SYMX announced closing in PR at 1:15 PM today(3/38).
This was about 1 month after their announced deal with GE. Perhaps they thought that announcement would have a longer term affect on the stock price, and so they wanted to do something like today's deal a year ago, but were prevented from doing so by the poor price performance of the stock.
I think the primary purpose of this sale is to get some deep pocketed people on board at an attractive price, and for longer term positive backing.
Do they really need the cash now that they have formed a JV, and have a "capital light" process in effect?
Perhaps they are benefitting deep pocket players, allowing them to get into the game as its about to begin?
At least we know the insiders have more at stake than we do.
For example, they show a cost for LNG of $3.40 per mmbtu and a China market value of $15.00 for LNG. In fact, the market value today is $18.13 today per Platts. Similarly, they show a cost for Methanol of $185.00 per ton and a market value of $425.00. (As I showed in a recent message, the current price is $590.00). The market size for SYMX is unlimited in China and elsewhere.
" ZCM has already been working diligently on securing the first orders for ZCM-SES, and we have been working in parallel to ensure a seamless transition of our Shanghai team into the new joint venture," said Robert Rigdon, SES President and CEO. "A ZCM-SES general manager has been selected, and will be named after an upcoming meeting of the JV's Board of Directors."
Google the above heading to read an interesting article showing how the weather has increased coal demand. It also shows why coal prices didn't go higher last fall, when ut. should have been restocking. Now they are having problems catching up.
So said the latest press release. Since Oil and Gas now comprises almost half of its revenues, and since prices for both commodities are substantially above NRP's purchase price, and they are expanding their operations, why is the market so negative? Never mind, I'm probably talking to a wall.
I can't post the cite address because Yahoo will prevent this message.Paste the message to Google to see the entire report. Here are some quotes.
"Beijing approves 15 new large coal mining projects over year
* Total new capacity, including small mines, likely to be higher
* Capacity to increase by 860 mln T over 2011-2015 period
By David Stanway
BEIJING, Jan 8 (Reuters) - China approved the construction of more than 100 million tonnes of new coal production capacity in 2013 - six times more than a year earlier and equal to 10 percent of U.S. annual usage - flying in the face of plans to tackle choking air pollution.
The scale of the increase, which only includes major mines, reflects Beijing's aim to put 860 million tonnes of new coal production capacity into operation over the five years to 2015, more than the entire annual output of India."
This will show up in months and years, not in days