Posted on 04/08/10 at 5:06pm by Benzinga Staff CHICAGO--(BUSINESS WIRE)--
Zacks' Voice of the People Highlights Opportunities with Synthesis Energy Systems
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Hi guys,
To those of you who think oil prices will continue to rise, I suggest that you follow closely the performance of Synthesis Energy Systems (Nasdaq: SYMX). This company has a proprietary technology for production of syngas from low-grade coal and biomass.
Syngas can be used to produce Ammonia, Methanol and Fuels, all the crucial elements that are currently produced from oil. The technology is cheap and competitive. The first plant started working recently in China.
This company has unlimited potential because coal is very abundant in China. It is now building a second plant in China and in addition collaborating with an Australian company on a forthcoming Aussie plant. Believe it or not I put a price tag of $30 on this stock (currently at $1) within a period of 5 years.
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CWK Price at posting:
46.2¢ Sentiment: Hold Disclosure: Held
