Vale $1.5Billion note maturity/GHG target date are the same! Thanks for all the kind words guys.
One thing I forgot to highlight which is quite important:
The Notes maturity is 2030 the exact same target date Vale set for 33% reduction of GHG which is also on 2030:
- (Vale) in a SEC-registered offering of $1.5 billion 3.75% global notes due 2030. The notes were issued by Vale Overseas Limited and are unconditionally and irrevocably guaranteed by Vale. The notes will be listed on the New York Stock Exchange. The offering priced on July 6, 2020, offered July 7,2020 and closed the very next day on July 8, 2020.
- In order to evolve the net zero strategy, the The Low Carbon Forum was created to set and oversee the implementation of the initiatives. The Forum is coordinated by the Sustainability Executive Board with the support of the Executive Officers, as well as the participation of Vale’s CEO. The 33% absolute emissions reduction target by 2030, with 2017 as a baseline, is aligned with the Science Based Target Initiative (SBTI) methodology, as well as the Paris Agreement.
What are the chances that the notes expiring are the exact date of the target date of reducing 33% of Vale's GHG emissions by 2030!? And the July 8th $1.5Billion cash now available[roughly the cost to retrofit 10 of their plants to PYR plasma torches] only days after PYR NR July 2 that stated phase discussions extended up to 6 weeks but torch purchase discussion are expected to be completed by end of August - 6 weeks away!
- July 2, 2020 PYR NR: Equipment purchase discussions are expected to be completed by the end of August, and incorporate the ideal plasma torch configuration identified during the modelling process, with the ultimate goal being to eliminate GHG emissions from all their plants.
I know Vale would be an absolute monster and light up PYR and sounds too good to be true..but any rookie detective could figure out this is way too coincidental and presses forth the highest of probability that PYR and Vale are about to do some serious business.
SIDE NOTE: Btw....those who claim this is pumping by restating publicly available facts and making deductive reasoning to conclusions...are either not paying attention or lazy in their DD OR have an agenda.
Pumping would be something misleading or exagerrating...something like:
Hey maybe Vale will buy these torches under exclusive deal and pay 2x for that right to exclude their competitors.
Or something like: Vale will just try to buyout PYR for 10-30x their max torch order so they can monopolize the torches worldwide....only Pete names his price and Vale will pay!
That folks would be examples of pumping..unsubstantiated information!
TIP OF THE ICEBERG! - PYR CEO