I know very little about SYMX but the difference could be that SYMX is an American company "operating" in China while SCOK is an American company "Located" in China with Chinese management, Mr Lv appears to be pretty well connected to the Chinese government and that could be a plus for SCOK.
One possible reason that SYMX has been less successful with Syngas could be that the US is awash in natural gas. Syngas has less than half the energy per given volume. China, on the other hand, ranks about #7 among countries producing natural gas and they also have a terrible environmental problem. Syngas might be more of an option for them. I have no idea what the production process is in China but maybe that can be discussed during the upcoming SCOK conference call for Q4 and YE results.
Yes. I believe that SCOK will make it from coal. The composition is as follows:
Syngas, or synthesis gas, is a fuel gas mixture consisting primarily of hydrogen, carbon monoxide, and very often some carbon dioxide. The name comes from its use as intermediates in creating synthetic natural gas (SNG) and for producing ammonia or methanol. Syngas is used when it is gasified and is turned into electricity. Syngas is also used as an intermediate in producing synthetic petroleum for use as a fuel or lubricant via the Fischer–Tropsch process and previously the Mobil methanol to gasoline process. Syngas is combustible and often used as a fuel of internal combustion engines. It has less than half the energy density of natural gas.
Are you referring to the upcoming Q4 and YE releases and CC or something else? Any news would be welcome and might help explain the run-up.
Are you out because you're making too much money or were you caught in a short squeeze? Normally longs don't get out of a bull run unless they expect a sharp reversal, which could happen.
To your point, I haven't seen any evidence of manipulation. What I see is a low float stock and a lot of people that want in. That drives the price up.
That's exactly what I'm doing. Sold some at 2.80, 2.90, and 3.12. Will buy back lower when/if available. If enough people do this with a significant number of share, it should provide support and keep the price from collapsing, not to mention lowering your overall basis.
Up almost 50% since last Friday. We are probably a little overbought right now but it's been an amazing run so far. I hope we can keep going up but I would expect a pullback soon. A chance to reload?
nicecougar2's post on stock manipulation is certainly a possibility but it seems to me that the run-up is legitimate and for the right reasons, the prospect of future earnings and the low float. One basis for my opinion is the lack of pumping on this MB. Usually a stock is pumped along with the price rise before dumping starts. No evidence of that during the recent run-up. We could see it later. Obviously short term profits will be taken causing periodic sell-offs but that is to be expected. I still like the long term prospects for this company.
Hope you're right about LLEN. It's always good to hear from someone in worse shape than yourself. Thanks.
BTW, I paid around 3.50/share so it could be worse.
I've been in for over three years now and I believe that SCOK is a solid company that will eventually come back. That said, there is always a risk with these small Chinese companies. I took a bath with LLEN and it is an American company. I still have about 10K shares but I expect that they will ultimately go BK.
It appears to me that $2 was resistance until yesterday but now it is support. It will probably take some news or something to get us much higher than we are right now. Maybe Q4 and YE results will give us that push, especially if they provide more visibility into the Syngas operation during the CC. I plan to wait it out.
This is one of the most bullish things for SCOK in a long time. Most of us are long time holders and bashers are wasting their time but the are free to continue and probably will. You bashers have fun now. You've got a lot of work to do.
Interesting numbers. Two points. With the low number of shares issued, the Syngas operation would amount to about 25 cent per share on and annual basis. Remember, Syngas is not the only revenue stream for SCOK. They also sell coal, Coke, and other coal related products. Getting the mines reopened is still a wild card as well as the new coke facility. I'm going to stay with them for now. Good luck with GERN.
Lots of questions and not too many answers. Can they produce 25K Cu. Meters/hour 24/7? They say they can and I don't know of any way to prove or disprove that. I also don't know of any way to pinpoint the price of SynGas in China or any where else. They claim that there will be a 45-50% margin but that is a claim, and again, no way to verify. About the mines and mine safety. A couple of quarters ago on a CC, they claimed to have spent about 35M on safety upgrades. I missed the most recent CC's so don't know if the spending continues or "tough" times has put that effort on back burner. This is a good question for the Q4 and YE CC. The bottom line is that detailed information about SCOK and what is going on over there is difficult, if not impossible, to come by. I've been invested in SCOK for over three years now and have found management to be reasonably above board but the stock price has plummeted during that time. Maybe the "new" SCOK will do better but you will fine hard facts about operations to be difficult to come by.
I have around 50K shares at a little less than 6.50 per share. I have computed that a 20% gain for nine days would get me even. I like your $20 number. I guess that it could happen but who knows if or when.
I do take some comfort in that this seems like a legitimate Chinese company with a lot of potential. Because of that, I will wait for it to recover without too much fear that it will go under.