Member Info for kaltersee

Gordon, give him a reference we need to get him away.

What can a CEO of a drilling company that has only one well, no future plans and no drilling rigs do all day long for weeks, months and years? Isn't that boring? Shouldn't it be possible to make his skills available to other companies in order to improve the company's financial situation?

SYN is and always will be an Australian company on the UK stock exchange with only one well in India. Nothing more :-(

That's the shock, and by the end of 2025 there won't be enough money, CCS will only live on in Roland Wessel's imagination. What else do Roland and his team have to do? Nothing will happen in 2025/26 and insolvency threatens when the zeros behind the decimal point multiply dramatically in the share value. Anyone who can still get out reasonably well should do so as quickly as possible, otherwise the money will be taken over by the CEO without a job.

Investors withdraw as SYN no longer provides any positive impetus. Unfortunately, we backed the wrong horse and fell for the Selan story. )-:

Topic: 'Additionally, the Cambay CCS scheme in India has gained momentum'

If by CCS Roland W. really means carbon capture storage, the question arises as to how realistic the project actually is. CO₂ liquefaction is hardly ever practised because it requires huge investments and the construction of the relevant plants takes a very long time. Even if the project were approved, its realisation would still be a long way off. The Cambay gas wells could be exhausted by the time the project goes into operation and Roland W. could have carried out numerous capital increases to cover his salary. That looks a lot like smoke and mirrors!

This CEO has no experience whatsoever in managing a company in times of crisis. It is amazing that he has been able to stay in this position for so long. That should please Selan, what an unfortunate development.

31-Mar-25 08:01:51 3,500,000 Sell - The sell-off continues and the so-called management remains silent. Pathetic!

Confidence in SYN is dwindling rapidly and the wave of share sales has already reached enormous proportions. If the company continues to fail to communicate a clear perspective, the initial euphoria will be over for good. A change at the top is inevitable; without a new CEO, the descent is likely to be unstoppable.

CCS is risky and costs money!

BASF tests CCS in Antwerp together with Air Liquide, BASF has been testing the use of the technology in the port of Antwerp since 2021. The project is being funded by the European Union. The plant was originally due to go into operation this year. So far, however, not even a final investment decision has been made. According to a spokeswoman for the port, the current weak situation in the industry is causing difficulties due to high prices, low CO₂ prices and technical difficulties. BASF also speaks of problems and challenges: "The scale on which we want to use the technology is new," says a local spokesperson. "A liquefaction plant as large as the one we want to build has never existed before. And ships that can transport this amount of captured CO2 do not yet exist in this size either." In addition, there would be cost explosions across the entire value chain.

The example shows: Betting on the authorisation of CCS in Germany is risky - and not just for BASF.

0.0335 PREM - 0.0215 SYN The fact that this is happening is unbelievable, what has RW done with this company? This development is really, really bad.

Only one thing is positive: the further the share price tends towards nil, the more difficult it will be for management to line their pockets. There is then no longer any need to report on shareholder value.

SYN seemed to be a promising opportunity, but unfortunately the company is steadily going downhill. Instead of finding sustainable solutions, the management is relying on capital raises and favouring itself. The situation seems to have spiralled out of control and the market is reflecting this development. Formerly emphasised goals such as shareholder value are no longer being discussed a clear sign of the loss of confidence.

It's time to lift the veil of illusion. No more smok(e) & mirrors just hopelessness.

Absolutely very impressive. 🤷‍♂️

Ah RamonM, you've found a mistake. At least you see a raison for living ;-)

Looking forward to the next Order Papers

update :)

What are you doing? What is the point of the order papers? Just smoke and mirrors.

Https://africanminingmarket.com/ghana-mining-sector-set-for-a-boost-in-local-procurement-and-mineral-revenue-retention/21559/

Don't always say it, do it.

The market doesn't see anything coming here. It's all smok and mirrors.

I have given Synergia the name "WELL C-77H" in my depot. Well, I assume that this company will forever be a One Borehole Company OBC despite the water problems with this well. When this strange company has disappeared from the stock market, Roland will be rich and I will be poor. But at some point you have to admit to yourself that WELL C-77H was a bad decision.