GLX gulfx ltd

similarities between lnc and glx, page-3

  1. 38,234 Posts.
    lightbulb Created with Sketch. 436

    Unless I am missing something, I doubt it.

    LNC has underground syngas reactors and a "relatively" small surface plant to convert syngas to diesel.

    GLX has to mine coal (or buy coal) and construct a fairly large surface gasification plant to turn that coal into syngas and then (I am assuming) and construct pretty much the same or similar surface plant to convert syngas to diesel.

    So, the "back end" of the process is much the same but the "front end" is totally different.

    If oil prices stay high and perhaps if Fed/State govts support syngas to diesel it should do ok imo.

    I hold some for a third party.

    Cheers
    Dex
 
watchlist Created with Sketch. Add GLX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.