Back in February/March of this year (after the Albanian deal was announced: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47413795), I stated that the price should approach 20 cents this summer, and hit 50 cents by the late fall. However, that was before the Ash Cloud delayed things substantially.
I now don't believe it will hit 20 cents by the end of August, but we'll see 50 cents by year's end.
I'm more interested in comments made by Richard Wadsworth during the AGM regarding SNV acquiring heavy oilfields of their own (northern Iraq maybe???). If he is successful in that endeavour, then the share price will really take off.
As for the analyst's prediction of $0.71, I don't believe a word of it. He's basing that price on income from SonoAsh, which has yet to leave the R&D hemisphere.
Nevertheless, it should get interesting from here on in. The initial start-up phase (testing) of the Albanian plant should be completed by the end of September. Although they predicted that the annual profit from that one machine alone will be $900,000, they will know for sure in October.
If that one machine proves to be economically viable, then they'll have numerous customers lined up. I'm hoping for contracts of 25,000 bbd by the end of the year.
Add to that, in November, the SonoOil patent will be made public. That news alone should lift the shareprice.
News from the advances of the SonoAsh division should be available by next winter.
Then there is the Environmental division. Thus far EIG has only paid $250,000 of the $1.5 Million. Waiting to see when they are going to pay the remainder.
Recent SNV News
- Synovus to announce third quarter 2024 earnings results • Business Wire • 09/17/2024 05:27:00 PM
- Synovus promotes Chad Parramore to head of product commercialization • Business Wire • 09/09/2024 01:31:00 PM
- Synovus announces quarterly dividends • Business Wire • 09/03/2024 09:00:00 PM
- Synovus to participate at Barclays Global Financial Services Conference • Business Wire • 08/19/2024 01:00:00 PM
- Synovus awards Jack Parker Scholarship to 111 students for 2024 • Business Wire • 08/14/2024 02:12:00 PM
- Synovus names Darron Burnette as president of mortgage • Business Wire • 08/01/2024 02:00:00 PM
- Synovus promotes Blake Thrasher to Tuscaloosa market executive • Business Wire • 07/30/2024 01:05:00 PM
- Synovus announces earnings for second quarter 2024 • Business Wire • 07/17/2024 09:03:00 PM
- Synovus to announce second quarter 2024 earnings results • Business Wire • 06/18/2024 01:24:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:18:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:32:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:28:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/07/2024 08:32:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:21:28 PM
- Synovus announces quarterly dividends • Business Wire • 06/03/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:29:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 08:24:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:08:52 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 05/14/2024 07:27:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:23:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:22:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:22:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:21:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:21:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:20:54 PM
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