RE:RE:3,300 Sharesfogduckker wrote: Coolzie,
Welcome to PYR. There could possibly be some really exciting times on the horizon.
As much as I have really high hopes for this stock I would suggest that you temper your excitement
The contracts have not been signed yet. When you say you think about PYR 24/7 it sounds like you are married to the stock. NEVER ever get attached to your stocks.
I love this space...the pre meaningful revenue but with disruptive technology space. This is the space where you will find the elephants. It is also the space where you ALWAYS face the possibility of being trampled to death as well. It is easy for the reasonably intelligent investor to understand many sectors like retail for instance where a six year could tell you that Lululemon is a better investment than Sears.
With PYR the science and possibilities sound amazing. But at the end of the day almost nobody on this board can really comment on the science and possibilities with any meaningful insights. I find that with these type of stocks great science is a prerequiste. And absolutely essential is good management. Without great management the science will go nowhere. And this is where I think PYR is in a very sweet spot. Peter the Great!!!
As far as the science goes it is sort of a gamble. Tesla is an example of this. Who could have known that despite a huge warchest to invest in EV that neither MBW, Merecedes and others could get close to Tesla. Will Tesla be able to advance their battery technology even further? Even if you had a Phd in electrical engineering you still could not say for sure. Essentially my small Tesla position is a bet on Elon.
Coolzie I gues that was a long winded way to say that you should regard your position as an educated gamble. I am in here on this stock as I think that the potential upside are so amazing that it seems like a no-brainer not to take this bet. But until there is a signed contract it still remains an educated gamble. I do speak from experience. I recently lost 75k on a "sure thing" pharma. The fact that one of the world's most savy bio-tech investor was down 10 million on the stock provided me with no comfort. However, I did do very well on another bet and am fairly confident that this bet will also be a big payback. But untill a signed contract....
Good advice, I would like to add, PYR has been considerably derisked, with the Drosrite deal, and the exclusive signed deal with the tunneling company, and once the deal with iron ore pellitization is signed, I would go so far as to say totally derisked. That's without mentioning the am division . People will pay a large premium to get in once the pellitization contract is signed. Jmo