Synthesis Energy Systems Inc. (SYNE)

[StumpsOfMystery]

"...there can be no assurance that the Panel will grant the extended stay or that the Panel will grant the Company an extension to enable it to complete the planned merger transaction and thereby demonstrate compliance with all applicable requirements for listing on The Nasdaq Capital Market."

[StumpsOfMystery]

Whoa....The CEO of the largest US coal producer contends that coal is essential. I never saw that one coming!

[surfer44]

Peabody Honors Global Innovation, Advocacy And Education In Clean Coal Technologies
Peabody. (PRNewsFoto/Peabody Energy)
NEWS PROVIDED BY

Peabody
Nov 20, 2019, 10:30 ET

SHARE THIS ARTICLE


ST. LOUIS, Nov. 20, 2019 /PRNewswire/ -- Peabody today recognized the distinguished work of organizations and individuals to advance clean coal technologies with the company's annual Peabody Global Clean Coal Leadership Awards. The awards were presented at POWER-GEN International in New Orleans, La., and included the categories of High-Efficiency, Low-Emissions (HELE) Innovator; Carbon Capture, Use and Storage (CCUS) Innovator; Clean Coal Advocate and Clean Coal Educator.

"Coal is essential to affordable, reliable energy and will continue to play a significant role in the global energy mix for the foreseeable future," said Peabody President and Chief Executive Officer Glenn Kellow. "Peabody views technology as vital to meeting energy needs, reducing emissions and advancing global climate change solutions. We are pleased to recognize this year's recipients for their tremendous contributions in continuing to drive toward the ultimate goal of near-zero emissions from this valuable product."

The award honorees included:

Electric Power Research Institute (EPRI) – Honored as HELE Innovator. EPRI has long been a leader in the evaluation and development of HELE coal-fueled generation, among its many research areas. EPRI's leadership includes being the technical lead on the U.S. Department of Energy-funded advanced materials program, which has focused on developing, testing and validating novel metals needed to make advanced ultra-supercritical coal-fueled power plants a commercial reality. EPRI has also focused on numerous other HELE topics including advanced, high-efficiency coal power cycles and carbon capture and storage.

Mitsubishi Heavy Industries (MHI) – Honored as CCUS Innovator. MHI served an integral role in the completion of the world's largest carbon capture project on a coal-fueled power plant. MHI's dedication to carbon capture includes participation in broad stakeholder groups such as the Carbon Utilization Research Council, Carbon Capture Coalition and Energy Advance Center, as well as collaboration on Front-End Engineering Design (FEED) studies to identify the next large-scale carbon capture project.

Carbon Utilization Research Council (CURC) – Honored as Clean Coal Advocate. CURC has long been a leader in advocacy efforts with policymakers, NGOs and other stakeholders to ensure development of advanced fossil energy technologies is an integral part of the larger U.S. national energy strategy. CURC has provided technology development roadmaps, offered Congressional education on technologies, participated in Congressional hearings and played a critical role in the reform of the 45Q tax credit.

Professor Richard Axelbaum, Washington University in St. Louis – Honored as Clean Coal Educator. Professor Axelbaum has provided significant contributions to the field of combustion and the development of a novel coal-fueled pressurized oxy-combustion power plant concept, and possesses a vast understanding of both the fundamental and commercial aspects of advanced coal technologies. As Director of the Consortium for Clean Coal Utilization, Professor Axelbaum oversees the distribution of seed grants to early-stage researchers globally and regularly educates an array of stakeholder groups on the value of coal and progress in minimizing its environmental footprint.
The Peabody Global Clean Coal Leadership Awards program was established in 2014 to highlight innovative leadership and raise the profile of clean coal technologies.

Peabody (NYSE: BTU) is the leading global pure-play coal company and a member of the Fortune 500, serving power and steel customers in more than 25 countries on six continents. The company offers significant scale, high-quality assets, and diversity in geography and products. Peabody is guided by seven core values: safety, customer focus, leadership, people, excellence, integrity and sustainability. For further information, visit PeabodyEnergy.com.

Contact:
Stephanie Weiler
314.342.7798

[StumpsOfMystery]

I doubt that even the currently conservative Australian government is going to plow money into this bankrupt company. And, I am cautiously optimistic the World is going to wake up to the vast and fearful consequences of fossil fuel burning in the near future. Either that or everybody suffers tremendously.

[GHC]

https://stockhead.com.au/energy/the-australian-east-coast-gas-shortage-could-be-coming-faster-than-we-think/

[StumpsOfMystery]

Found this on another forum. Somewhat earth-shaking.
The merger plan stated a planned rebranding, name and symbol change. The new management and almost all assets will be
Australian. I expect a U.S. delisting and subsequent listing on ASX

[GHC]

It's f@#ked! Short it all the way back to <$2.
Looks like AVRA baulking at US listing IMHO otherwise why not get some details out for regulators?
Why financial advisors didn't arrange for warrant exercise when 62m shares traded in two days well above exercise price is beyond me. Would have guaranteed equity funding, instead of debt, cancelled all prior debt and left everyone except shorters happy.

[StumpsOfMystery]

Houston energy co. faces impending Nasdaq delisting
American City Business Journals
Joshua Mann
,American City Business Journals•November 18, 2019



By Joshua Mann – Senior reporter, Houston Business Journal
5 hours ago
Houston-based Synthesis Energy Systems Inc. (Nasdaq: SES) is just weeks away from being delisted from its stock exchange, unless it can convince the Nasdaq that it can turn things around.

The company got its first notice from the exchange May 16, indicating that stockholders’ equity in the company had fallen below the minimum $2.5 million, according to filings with the U.S. Securities and Exchange Commission from the time. The company proposed a plan to regain compliance with the listing rules and got a period of 180 days to do so, according to the filing. The plan involved a merger with Australian Future Energy Pty Ltd., but that deal still hasn’t closed, according to a Nov. 15 press release.

The company plans to seek a hearing with a Nasdaq panel, which Synthesis said in the press release would give it until Dec. 5 — and hopefully further — before the exchange can begin delisting proceedings.

On top of all that, Synthesis got another warning in October that it had run afoul of more listing rules by failing to file a quarterly financial report for the most recent quarter. The exchange told the company that it could not consider any plans to regain compliance on that front, given the issue with stockholder equity, according to the Nov. 15 release.

Synthesis Energy plans to acquire the shares of Australian Future Energy that it doesn’t already own for about $36 million, according to an earlier Synthesis press release. The deal is expected to close in the first quarter of 2020, Synthesis said.

Synthesis currently owns about 35 percent of AFE. The Australian company was created to own a position in resources, such as coal and biomass, for production of fuel gas and synthetic natural gas to be used in power generation and the production of agricultural chemicals using Synthesis' gasification technology, according to the release. AFE is Synthesis' exclusive channel to the Australian market.

When the acquisition closes, AFE CEO Kerry Park will become president and CEO of Synthesis, and AFE COO will become COO of SES. A new CFO for SES will be named when the deal closes, if not before. Robert W. Rigdon, currently vice chairman, president and CEO of SES, will remain on the company's board. Synthesis' board also is expected to appoint one or more additional independent directors, as all other current directors of SES will resign their positions when the deal closes.

Synthesis’ most recent annual financial results are unavailable, as they have not yet been filed, but it produced $1.51 million in revenue during the fiscal year that ended in June 2018, according to an SEC filing at the time. The company said in its latest SEC filing that it is working to get the annual report, along with a regulatory filing associated with the AFE deal, done and filed.

[StumpsOfMystery]

Have no idea why this didn't drop today as expected. Two possible explainations. 1) Lizard-brained, incautious newbs keep coming back to the same rock where they caught a fly two weeks ago, or 2.) Shorts accumulating shares DELIBERATELY driving price up first.

[StumpsOfMystery]

Okay, but likely they have better tech if they are better capitalized, too. There are currently cities like New Delhi and Peking that are gas chambers where people have to stay indoors or risk lung diseases due to fossil fuels. That comparison of batteries with coal was deliberately misleading, IMHO. The whole point of batteries is that they can be RECHARGED hundreds, if not THOUSANDS of times, when used in conjunction with wind, solar, cow pies, etc. In any case, this is a mismanaged company. It wouldn't matter WHAT they were selling at this point.

[GHC]

"Natural gas is not scarce."
It is on the east coast of Australia. We have three LNG plants at Gladstone with long term LNG contracts to Asia and not enough gas to supply those contracts.
Domestic gas price have gone so high Qld govt is intervening.
I don't know what will happen with SES. It seems it has a stay of proceedings until 5 Dec. Let's see what happens then.
Latest short interest shows 5-fold increase since previous report. Someone is going to get squeezed.

[surfer44]

Robert Rigdon, the Company’s CEO, commented: “On October 10, 2019, we announced an important merger transaction with AFE and acquisition of additional ownership in Batchfire Resources. We believe these transactions, now underway, have the potential to bring growth and value to the Company’s shareholders and debenture holders.

Exactly. But he didn't add that the company has unlimited potential.

[surfer44]

Coal, the original fossil fuel, gets no love. It is among the forces blamed for climate change and is being phased out of power generation around the globe

Yes, but it can be mitigated. For example SES can mix in biomass to reduce the carbon footprint. And if somehow carbon capture becomes available they can use that. APD has a big bet on gasification and they are a $46 billion company.

[surfer44]

India, with a population of 1.3 billion and a per capita GDP of $1,593 cannot afford lithium ion batteries, solar panels, or windmills. Either they A) go to clean coal, or B) live a life of poverty. Sorry.

Coal Stocks Are Cheap. Here Are 3 Ideas If You Dare.
By Al Root
Updated Nov. 14, 2019 6:30 am ET / Original Nov. 14, 2019 6:04 am ET


Coal, the original fossil fuel, gets no love. It is among the forces blamed for climate change and is being phased out of power generation around the globe—replaced by renewable electricity generators such as windmills and solar panels. It is a declining industry that has few political defenders.

So why does brokerage firm Bernstein want to defend coal? Because it is cheap. Analyst Paul Gait defended the “indefensible” in a Wednesday research report, arguing coal stocks could rise before the industry ultimately falls.

“At a time when lithium-ion batteries and their applications are generating such attention, it is worth flagging that coal is, in all meaningful respects, a battery,” Gait wrote.
It is an interesting way to frame the debate. Ignoring the environmental impact, few would argue with the idea that coal is an efficient way to store power. It is, after all, concentrated solar energy encased in the remains of prehistoric vegetation.


It would take about 700 pounds of coal—give or take—to run an incandescent lightbulb for a year. That sounds like a lot. But it would take about a few thousand AAA batteries to do the same. Using very rough math, it costs about $23 to buy the coal to power the lightbulb for a year. The battery cost in this example is closer to $2,300—if you shop on Amazon.com (ticker: AMZN).

So what does this have to do with investing? Gait’s point: the coal industry isn’t dead yet, especially since energy transitions—like moving from fossil fuel to renewable resources—take generations, in his view.

As for valuation, coal companies’ shares are effectively trading at 5 cents on the dollar, when looking at the ratio of normalized per-ton operating earnings to total firm value, Gait says.

That’s a fancy way of saying that you can buy a dollar of cash flow for a nickel and that coal investments are incredibly cheap. This should not be a shock. Publicly traded U.S. coal companies trade for very low multiples of earnings.


Large U.S. coal producers Barron’s identified—including Peabody Energy (ticker: BTU), Arch Coal (ARCH), and Alliance Resource Partners (ALRP)—trade for about 4 times estimated 2020 earnings before interest, taxes, depreciation, and amortization, or Ebitda. The S&P 500, in comparison, trades for almost 12 times estimated Ebitda.

In addition, coal companies still pay dividends, with an average yield for the firms we identified of about 10%. The three larger firms—Peabody, Arch and Alliance—yield 6%, 2% and 18%, respectively.

Despite valuation and dividend the stocks have performed terribly in 2019. The year-to-date declines for U.S. coal producers range from about 8% to 73%.

“Both the thermal and [metallurgical] coal markets this year have fallen victim to weaker demand, reaching their lowest price levels since the turn of the last cycle in 2016,” wrote Gait. “The biggest mover of thermal [coal] prices, however, has been the declining [natural] gas price.” He notes that the benchmark natural gas price has dived 21% so far this year. Coal and natural gas can trade relative to one another because both are burned to generate electricity in the U.S.


But the cure for low commodity prices is often low commodity prices. And Gait says no one is adding any coal capacity. That can raise industry returns in the future.

He stops short, however, of recommending U.S. coal producers—he doesn’t cover them. He covers global miners such as BHP (BHP). But the implication of his report is clear: It could get better for coal. If it does, investors should—at minimum—have a few names on their radar.

Write to Al Root at [e-mail]

[StumpsOfMystery]

OMINOUS SEC NOTICE was received a couple days ago. It looks like SES may get delisted. It seems they are contending they can't come up with a plan to fulfill the shareholder equity requirements until the merger, and SEC is tired of waiting. I don't see why ANY entity would fund Gladstone. Natural gas is not scarce. Alarm at the cost of fossil fuels in terms of climate change is spreading.https://last10k.com/sec-filings/ses/0001493152-19-017757.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=ses
Think you have it right with the organizational chart You were lucky NOT to be a s/h. Monday may well be a bloodbath.

[GHC]

So, is Batchfire ONLY made up of AVRA and AFE shareholders? Are not those 33% of the BF Shareholders ALSO individuals who likely are AFE shareholders?
I think most of the s/holders are common to both companies.
SES is a s/h of both AFE & BF. Edek Choros is a major player in both. My understanding is that all AFE s/h have indicated they will accept the SES offer and all BF s/h except AVRA. I don't know what AVRA will do. As I said, I believe AVRA want an exit strategy put to it so I'm assuming SES's financial advisers will hatch a plan.
BF will make a lot of profit going forward so it is in everyone's interest to come up with a deal that satisifes all parties.
No, I am not a SES s/h.
BTW, my understanding is that the China companies found a way to licence the SES gassification process w/o paying. Now, with ownership of its own coal SES has a pathway to construction of a plant and cashflow to service debt. On my calculations SES will need to raise $250m in 12 months time for the equity component of the Gladstone plant.
Do you think thermal coal has a future?

[StumpsOfMystery]

This is PRETTY BAD, Kids. The way I read this, they are CAUGHT in a Catch 22 situation. They need TIME for the merger to go thru for them to be able to satisfy the PREVIOUS SHAREHOLDER EQUITY ISSUE. But the SEC is NOT required to give them that time. In fact, I am reading between the lines, and thinking the SEC AIN'T GONNA..... In other words, it D-DAY. Just in time for PEARL HARBOR DAY!!!

[surfer44]

SYNTHESIS ENERGY SYSTEMS ANNOUNCES RECEIPT OF NASDAQ NOTICE OF NONCOMPLIANCE; INTENDS TO REQUEST HEARING; MERGER IS PROCEEDING
GlobeNewswire GlobeNewswire•November 15, 2019
HOUSTON, Nov. 15, 2019 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (SES) today announced that on November 13, 2019, the Company received notification from the Listing Qualifications staff (the Staff) of The Nasdaq Stock Market LLC indicating that the Company did not meet the terms of the previously granted extension, relating to noncompliance with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. The extension was based on the Company’s plan to complete a merger transaction with Australian Future Energy Pty Ltd (AFE). While the merger is continuing to proceed, the Staff lacked the discretion under the Nasdaq Listing Rules to grant a further extension.

As a result, the Staff has determined that the Company’s securities would be subject to delisting unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the Panel). Additionally, on October 17, 2019, the Staff notified the Company that since it failed to timely file its Annual Report on Form 10-K for the year ended June 30, 2019, it no longer complied with Nasdaq Listing Rule 5250(c)(1), which forms a separate basis for delisting. The Staff had previously granted the Company through December 16, 2019, to submit a plan of compliance for consideration by the Staff. However, the Staff has informed the Company that it can no longer consider the Company’s plan for making the filing, given the stockholders’ equity issue.

Based on the foregoing, the Company intends to timely request a hearing before the Panel. The hearing request will automatically stay any suspension/delisting action through December 5, 2019. In connection with the hearing request, as permitted under the Nasdaq Listing Rules, the Company will request that the Panel extend the stay through the hearing and the expiration of any extension period granted by the Panel following the hearing. However, there can be no assurance that the Panel will grant the extended stay or that the Panel will grant the Company an extension to enable it to complete the planned merger transaction and, thereby, demonstrate compliance with all applicable requirements for listing on The Nasdaq Capital Market. The Company’s management is working diligently to complete the Form 10-K, as well as its Quarterly Report on Form 10-Q for the period ended September 30, 2019, and to file the Form S-4 in connection with the merger transaction with AFE. The Company intends to file the documents with the SEC as soon as practical.

Robert Rigdon, the Company’s CEO, commented: “On October 10, 2019, we announced an important merger transaction with AFE and acquisition of additional ownership in Batchfire Resources. We believe these transactions, now underway, have the potential to bring growth and value to the Company’s shareholders and debenture holders. The late filing of our Form 10-K for the year ended June 30, 2019 and the anticipated late filing of our Form 10-Q for the quarter ended September 30, 2019 are the result of audit delays caused by the merger-related restructuring activities undertaken by the Company, prior to signing the merger agreement with AFE. With preparations for the merger now underway, the Company is working with our auditors, with AFE and with all of our advisors to work in the most expeditious manner possible to complete these late filings related to the audit, and to timely complete all of the additional required filings necessary for the closing of the merger.”

[StumpsOfMystery]

I am trying to understand but not entirely succeeding So, is Batchfire ONLY made up of AVRA and AFE shareholders? Are not those 33% of the BT Shareholders ALSO individuals who likely are AFE shareholders? Do you find dates/deadlines when these arrangements must be concluded by? As you may know SES is behind in regulatory reporting to the SEC. Would it be your guess that they are waiting to see how events unfold before they reveal this reportage? Cynically, what picture would you imagine SES management might want to present and why? Thank you. BTW, are you holding SES?

[GHC]

100% of AFE & 33% of BF shareholders have said they will accept.
The key is the attitude of 67% s/h AVRA. AVRA needs to be assured by SES financial advisors that it will be able to exit since it is a Singapore-based coal trader not a long term investor.
I'm watching to see if warrants are being exercised although how you tell that other than for insiders reporting I don't know. All of the $3 warrants could have been exercised given the volume of shares that have traded above that price since the deal was announced. That could also be true of the $6 warrants in which case short term finances for SES are no problem at all.

[StumpsOfMystery]

Somebody asked recently if they $SES will have MONEY for the recent acquisitions. Great question. Since they valued the takeover of the two companies, AFE and Batchfire at a combined cost of $120 MILLION.

This sleeper, low float stock got a TERRIFIC JOLT mid-October from the NEWS that it was involved in a $120 MERGER. But virtually NOBODY BOTHERED to ask that simple question. And still, this idea is in the background supporting, to some intangible extent, the share price.

One big question is whether both AFE and Batchfire (Coal mine company in Australia) would accept SES shares as payment for being taken over. (At this point, SES is on life-support, and has zero cash to offer.)

Here is why they MIGHT NOT--The OFFER IS BASED ON THE VALUE OF THE SHARE PRICE STAYING AT $6.00 or above,. Though the final number of shares to be created has not been arrived at yet, we can kinda work it out to a figure of TWENTY MILLION SHARES being created, and 20M X $6.00 = $120 Million. Is good, yes?

The really BIG question is, does the share price HOLD at that price, assuming a certain percentage of the Batchfire shareholders agree to trade in their shares to SES.

One thing is ABSOLUTELY CERTAIN. This will NO LONGER be a company for penny stock flippers to be able to create big price moved simply by YOLOing in and out. BECAUSE, instead of the shares outstanding of 1.4 million and a float of 1.2 million today, there will be TENS OF MILLIONS MORE.

The company has ALREADY announced they will be paying off some loans with shares shortly. Having NO MONEY FROM OPERATIONS OR BANKS this is INEVITABLE.

Of course, there may or may not be more money coming in. (THAT wouldn't take much, at this point, lol!) Batchfire does own a working mine that generates income. ALTHOUGH, I believe they, too, have been struggling to find cash for capital improvements.

THAT is the argument no doubt SES will present to them. That hitching their fortunes to SES will enable this private company to get access to capital in the US. The problem is that SES is hell-bent to sell its coal-to-gas conversion tech, and it has NOT been doing well in the marketplace.

You can hardly blame the principals for trying. They have had a long history trying to get the tech going. But if I owned a working mine, and was being asked to join up with a company with debt, an unsaleable tech,
failing joint ventures with the Chinese.

Maybe the coal business is bad enough they might figure, what the heck? Coal is not so popular these days. Who knows, maybe the next Green government in Australia will SHUT THEM DOWN ENTIRELY!!

People are starting to see the consequences of global warming and might go on the WARPATH AGAINST FOSSIL FUELS. I would not want to be invested in coal mining when that happens. At least SES has a 'conversion' scenario for changing to coal to gas or ammonia.

Doing some preparation NOW will help you avoid some UNPLEASANT SURPRISES later when you see the float/market cap figures start jumping all over the place. I don't really see why anyone would want to own this stock unless they are somehow convinced coal-to-natural gas/ammonia was going to be a thing.

I don't get paid to write this. I do have a short position. Please do your own due diligence.

[StumpsOfMystery]

Thanks so much for that. Could you summarize the most important points? I'll PROBABLY buy a short subsription in the end, but like to save the money if I can.

So SES currently has 255 OF BF? Ho much does AFE have? Or has it permanently 'spun off' what it had to private owners? That is what the PR released at the AFE site says, which is about as clear as they come in trying to understand.

It still seems the long and the short of it is that SES brings very little to the party, OTHER THAN $10M in debt, some BF shares, and a re-invigorated share price based on a Pennystock Tulip Mania that is largely ignorant of the terms of the merger.

The mania persists, although at slightly lower levels of around $7 per share, largely because of the low-float, which allows for a lot of manipulation and wild speculation. It WAS trading at $1.60 before the merger.

What I don't get is how SES plans to keep the value of its stock high with the ammount of dilution it is going to be doing. That will probably lose it a lot of followers, who will just move on to the next meme stock.

Do you understand some of the timeline here? Like when the shareholders meet to agree to the merger? THanks.

[Chrism0000]

Was there not a split when that happen?

[Taurus69]

$ses $6.74

[GHC]

"Why would BF stockholders want to get married to a stock that is dead but doesn't know it yet?"
That is a very good question. BTW 15m shares will be issued if 100% of BF s/holders accept.
One answer is that I assume SES's advisors have guaranteed AVRA an early exit. AVRA is a coal trader not a long term investor. It bought in when BF was experiencing some financial difficulties.
This is an article from the beginning of the year in the Australian Financial Review, a highly respected newspaper.
https://www.afr.com/street-talk/callide-coal-owners-power-up-search-for-funds-20190107-h19si0

[StumpsOfMystery]

I Don't think so. Where did you get those Batchfire numbers? I don't see anything. that this 'merger' would add to Batchfire's bottom line. What would Batchfire shareholders get out of it? SES has a market cap of 12M and debts of 10M. The only money it makes is from 'consulting', a very vague source of income.

Plus SES EXISTS to promote their proprietary technology which nobody wants.

They are being asked to trade 12 of their shares for one of SES's. Since we dont know how many shares there are of BF, its hard to figure out the value of that. Or not.

I admittedly can't follow you on your analysis of recent orders, but you should realize this stock has also been taken up by a WHOLE UNIVERSE of pennystock traders. They are only there for short term gains. There are ringleaders with THOUSANDS of followers who jump in and out of thinly-traded stocks that have lots of volatility.

The filing last Friday indicated they would be issuing shares to pay the 10m in debt. And they are already going to issue 3.75M to take over AEF. They are already QUADRULING their float before they even GET to issuing shares to BF holders.

This dilution would bring the share price down to $2.12 based on today's closing price of $8.5. And, at the moment, SES is burning money and unprofitable. Its only hope is that the uniformed will keep buying th stock during this interregnum so it can acquire, at least, the profitable assets in the form of the BF shares held by AEF. And any others that BR shareholders are too stupid to give away.

Be careful attributing the recent run-ups to some secret information that has leaked out somewhere. This has been a dog stock for a long time. It is on the verge of being delisted. Why would BF stockholders want to get married to a stock that is dead but doesn't know it yet?

[surfer44]

Pollution turns Delhi into 'gas chamber'

http://english.sina.com/world/as/2019-11-04/detail-iicezzrr7065549.shtml

[Taurus69]

$ses $6.43

[HokieHead]

Batchfire’s figures alone are staggering:

“Potential investors have been asked to think about a $624 million a year business at the revenue line by the 2023 financial year, and $176.5 million at the EBITDA line. The operation produced $417.7 million revenue and $46.2 million EBITDA in the 2018 financial year.”

Monster energy play in the making imo.

[ClayTrader]

* * $SES Video Chart 10-29-2019 * *

Link to Video - click here to watch the technical chart video

[surfer44]

More news from the gasification sector. Note that APD is involved in natural gas and coal gasification whereas SES is coal and biomass gasification.

Air Products Confirms It is in Final Negotiations to Form $11.5 Billion Joint Venture to Acquire the Gasification/Power/Industrial Gas Assets at Jazan Economic City
NEWS PROVIDED BY

Air Products
Oct 29, 2019, 12:17 ET

LEHIGH VALLEY, Pa., Oct. 29, 2019 /PRNewswire/ -- Air Products (NYSE:APD) today confirmed that it is in final negotiations to form a joint venture with Saudi Aramco, ACWA Power and Air Products Qudra to acquire the gasification, power and industrial gas assets at Jazan Economic City, representing a total investment value of about $11.5 billion.

Air Products' confirmation follows an announcement made today by Saudi Aramco at the Future Investment Initiative in Riyadh, Saudi Arabia and builds on Air Products' initial announcement about this world-class project.

Air Products looks forward to concluding negotiations and expects to close on the transaction by the end of calendar 2019. Air Products will provide additional comments on its upcoming fiscal fourth quarter earnings call on Thursday, 7 November 2019 and further details about the project following financial close.

About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company in operation for over 75 years. The Company provides industrial gases and related equipment to dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment.

The Company had fiscal 2018 sales of $8.9 billion from operations in 50 countries and has a current market capitalization of about $50 billion. Approximately 16,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com.

[HokieHead]

This ran from $6.50 area to $26 in one day a few weeks ago. Buying volume off the charts again. Monster move coming again imo.

[ShaneO19]

Had a 1300 share order this morning at $5.55. Got to $5.56. FML. I have been holding a decent amount for the last week so still happy with day so far.

[HokieHead]

Huge buying again, back to $20's with covering. Something big coming leaked.

[StumpsOfMystery]

You know, they probably did. Of course. Although I admit I have lost track. They TYPICALLY have not met deadlines recently. Not something that builds a lot of confidence. How hard can it be to do a revision of balance sheet, cash flow, etc., I think I could do that, and I went to biz school when there were still dinosaurs roaming the blubbering earth. They DID, however, spent a LOT of time and money on all their stock arrangements. I think they are in extreme survival mode and are reluctant to release information that could make life any harder for them than it already is. An they are trying to generate all kinds of excitement about a 'MERGER'. And guess what, it worked. The pennystock get-rich-quick contingent went crazy over it, without paying much attention to the details.

[Phil84]

I thought they filed for extension.

[surfer44]

SES got the U-Gas technology from the Gas Technology Institute. Now I see that the Gas Technology Institute is working on something called R-Gas. I wonder what the difference is?

Got the answer. U-Gas is fluidized-bed gasification and R-Gas is entrained-flow gasification. Any engineers in the house?

[StumpsOfMystery]

WD Recent short articles and losses today. I wonder how he could have convinced SO MANY STOCKHOLDERS to sell their shares?? : SES -8.09%, RESN -5.26%, , UEEC -4.84 DCGD =4.95, TRXC -3.23 %

INFORMATIONAL POSTING ONLY. Do your own DD. Not affiliated with WD or any other advicor.

[StumpsOfMystery]

But what percentage of ownership in the mine at what cost are you assumming. I have a hard time imagining private owners of the remaining 65% of the mine NOT owned by AFE signing up to hitch their wagons to SES stock price. Perhaps THAT is why nobody in the SES/AFE sphere has cashed in on the high SP of the moment. Looks like they better fish or cut bait soon....

[StumpsOfMystery]

I think I agree. But wouldn't that also provided a lot of dilution that would bring down the SP? Maybe they all have sworn a pack not to. But I wonder what they are waiting for? Most of this boost have been based on low-life new day-traders looking for a repeat of the 10/14 performance.

[StumpsOfMystery]

This could explain the recent drop.https://www.bizjournals.com/houston/news/2019/10/23/houston-based-synthetic-gas-co-runs-afoul-of.html?ana=yahoo&yptr=yahoo

[StumpsOfMystery]

Sure, who WOULDN'T support a new plant? So long as its build with other people's MONEY!! Lol!

[surfer44]

SES got the U-Gas technology from the Gas Technology Institute. Now I see that the Gas Technology Institute is working on something called R-Gas. I wonder what the difference is?

https://www.gti.energy/optimizing-u-gas-applications/

https://www.gti.energy/advancing-r-gas-entrained-flow-coal-gasification-at-demonstration-plant-in-china/

[GHC]

Proposed SES plant at Gladstone has Qld Govt support. Here's why.
"Incitec Pivot Managing Director and CEO Jeanne Johns expressed his gratitude for the Queensland Government’s domestic gas policy.

“We are grateful for the support of the Queensland Government, particularly Premier AnnastaciaPalaszczuk and her Government’s domestic-only gas policy initiative to support local manufacturing businesses and jobs,” Ms Johns said.
https://www.australianmanufacturing.com.au/71395/incitec-pivot-secures-three-year-gas-supply-agreement-for-its-gibson-island-chemical-plant

[GHC]

Very disappointed Paulsons didn't sell more shares to exercise the 1m warrants at $0.50 into 125,000 shares. There was certainly enough volume to execute the switch. I was hoping other warrant holders might also sell into the huge volume & price rise, make a profit for themselves and put a few million dollars in the treasury.
Selling above $10 and exercising warrants at $6 or less seems like easy money.

[surfer44]

Follow the money,

Paulson doesn't need this to make money. This is like a penny to him. I think he is a believer in gasification and what it can do for the world. A higher purpose.

[HokieHead]

Follow the money, someone has been loading. I saw huge bids this AM in the high 7s, don’t think they are concerned about the manipulating drops

[surfer44]

John Alfred Paulson is an American investor and hedge fund manager. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high finance" and "a man who made one of the biggest fortunes in Wall Street history".

His prominence and fortune were made in 2007 when he earned "almost $4 billion" personally and was transformed "from an obscure money manager into a financial legend" by using credit default swaps to effectively bet against the U.S. subprime mortgage lending market. In 2010, Paulson earned $4.9 billion. The Forbes real-time tracker estimated his net worth at $4.2 billion as of September 2019.

[surfer44]

Paulson filing. Got rid of warrants and acquired common stock.


https://ih.advfn.com/stock-market/NASDAQ/synthesis-energy-systems-SES/stock-news/80961738/statement-of-changes-in-beneficial-ownership-4

[HokieHead]

15 seconds left and buys going off at $7.35, they drop in trades at $7.01 with seconds left lol. Talk about trying to pad that short position to look better. VWAP today $7.51.

Funny stuff, tick tock tick tock..