Synthesis Energy Systems Inc. (SYNE)

[StumpsOfMystery]

Thanks for your input. Are you SURE AVRA has turned down SES's offer? Is there a deadline in the merger papers? Damn, I can't bring myself to sift thru those again..

That, it seems to me, is pretty significant. Basically, it means that ABSOLUTELY NOTHING has changed. The stock, as fairly valued by the Market pre-merger, is worth maybe $1.85 !!??

And a lot of people holding the stock pre-merger were dreamer-schemers who pumped it as a lo-float and hoped enough people would jump into it on that basis. They weren't investors, they were gamblers. Nor have any of the Board members bought any stock lately.

There are MILLIONS in loans outstanding. The company has an agreement with the debenture holders to trade them SES stock to eradicate that debt, which I think was in the neighborhood of $10M. Meaning dilution. The company as much as said so.

True, there will the presumable enhancements in terms of the sale of coal at the Callide mine. Although nothing is new about this. AFE is ALREADY a subsidiary.

Truth is, we don't really know much the new company will be worth until AFE's balance sheet becomes public. I certainly wouldn't hold out for that if I were long.

But I don't get why you seem to feel the whole gasification plant is going to happen? Have you been following what is happening in Australia? Like a global warming apocalypse. I don't think the government is going to spend a BILLION DOLLARS for a plant converting the coal into gas. Why? There's lots of gas since fracking.