With energy prices low, Synthesis Energy’s (SYMX) syngas technology is even more uneconomical than it was when energy prices were high.
The company hasn’t had a profitable quarter in over 7 years.
SYMX has a shady past with deals that never go through, and that won’t change despite management’s big talk.
Even though its production is idled, the company is putting out PRs saying it will take on more projects in order to excite retail investors.
Read full article on Seeking Alpha here.
See our next day follow-up article about their fruitless hydrogen plant project here.