Pyrogensis seem to be a slow burner as well .
There appears to be little which is actually new in their quarterly which was announced yesterday .
The percentage changes sound good until you realise that they are still making a loss once amortisationa and depreciation are taken into account .
They are basically breaking even but are very exposed to a single customer - the U.S. military .
I'm wondering whether the margins for their non-defense work are as good .
I'm a holder of Alter Nrg .
Whichever way you look at it , gasification doesn't appear to be a money spinner .