Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Bytheriveron Jan 15, 2020 6:00pm
194 Views
Post# 30557819

RE:RE:RE:PYR on Fire

RE:RE:RE:PYR on Fire

You're observant and correct Misbrandt. With over 50 years of investing experience is should know better... and I do. 


After  months of due diligence a contract was signed and should have contained a payment schedule. When the agreed $6.4mm didn't arrive, presumably contrary to the contract, an alternate plan was agreed to. No new payment schedule was announced, no benchmarks... no idea when a new down payment might be received. Do the units need to be built and delivered? Who knows. 


Anyway, my ongoing due diligence failed the smell test. If I didn't own the stock would I buy it at this level? If yes, but more, and if no, sell. 


When New Year's Day arrived with no payment and no further information available I began liquidating my position at market open. Over the next few days I disposed of all my shares. I currently hold none. I sincerely hope PyroGenesis and all of its stakeholders do well.. I've been wrong before and will be again; I'm not always wrong either... I allocated the funds to another holding that fortunately received analyst upgrades and is up 18% in the last week and also pays a hefty dividend. 


I will continue to follow PYR and may get back in if results materialize. I don't mind missing the first bump. Cheers...

 

Bullboard Posts