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Technology Stocks : SLH Corp. (SYNM) - From natural gas to crude oil -- Ignore unavailable to you. Want to Upgrade?


To: GrandPohba who wrote (154)4/19/1998 10:44:00 PM
From: John M  Read Replies (1) | Respond to of 281
 
GPBA,

Good to see someone post something here again. Here's my take on the situation (My opinion - please don't hold it against me).

Pro - Still most interesting idea using air to drop capital and op costs. Big names investing $ and manpower to resolve lingering process issues. Great PR and IR to date. Wyoming not bad so far.

Con - Merger doesn't do much unless I'm missing something - all the hype of an IPO may already be in stock price. Rumors that there is trouble in the lab with catalyst activity causing huge reactors and high capital $. Syntroleum in the hole for future royalty payments that have to be paid back if plants don't go (reason for merger - to protect real estate investments?). Barge mounted Texaco plant estimate 20% higher than expected.

Made me nervous sometime back and I bailed at $30. Waiting for good news from the lab and the capital estimator before I get back on the wagon.

Read Sasol's web page - its very impressive.

JM