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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.


TSX:PYR - Post by User

Bullboard Posts
Comment by billy4325on Sep 05, 2019 4:49pm
195 Views
Post# 30099870

RE: What is your opinionin his remarks in the interview.....

RE: What is your opinionin his remarks in the interview.....Look at how the share price has done since the announcement.  It doesn't look like this was a significant issue to me.

I suspect the main reason for making such an annoucement really has to do with financing.  Their Dec/Jan private placement didn't do so well, raising ~$56,000 (see the 2nd tranche in Jan).  There the 3rd tranche never took place as far as I'm aware (which would make sense considering how poorly the 2nd one did).  

Not surprisingly, the company needed cash several months later.  The "potential contract" news release was done end of April and about 2 weeks later another private placement is announced.  People can make their own conclusions about this.

Peter really stuck his neck out by doing this.  Hopefully it doesn't turn out like his 2018 prediction versus the company's actual results.  This is more specific than last year, so hopefully there is reason to be confident enough to make such a release.
Bullboard Posts