RE:RE:RE:RE:RE:First Contract - $50M (with phase gates) As reminder to all esp. the doubters, let me further clarify the context before putting a negative on 'few weeks':
the person posting in mid-June was predicting the $1.5B deal to be closed by end of June to which CEO PPP replied (see links below)
https://agoracom.com/ir/PyroGenesisCanada/forums/discussion/topics/742032-end-of-june-is-coming-with-the-first-iron-ore-client/?message_id=2271057#message
https://agoracom.com/ir/PyroGenesisCanada/forums/discussion/topics/742032-end-of-june-is-coming-with-the-first-iron-ore-client/?message_id=2271057#message
So now its been a few months (much more than a few weeks & the draft contract is on the table - we're almost there - any moment now - any day now.
Razorius wrote: correct Pitpitcolisse. He didnt deny the $1.5B deal - only the timeline "nobody is closing $1.5B in a few weeks" which was back in mid-June (see link below).
https://agoracom.com/ir/PyroGenesisCanada/forums/discussion/topics/742032-end-of-june-is-coming-with-the-first-iron-ore-client/messages/2271115
Pitpitcolisse wrote: I never saw or read Peter saying there wouldn't be billions in contract, can you show me where he "said" it. What I recall is him saying "nobody closes a 1.5B deal in 2 weeks" specifying that bying a house takes longer than that... I might have missed something, please provide link to what you pretend he said. Cheers
amillionorbust wrote: Yes, I do believe him. That's why the first deal won't be $$ billions. He said it won't. Nothing wrong with hundreds of millions though. GO PYR!!
Aarman4 wrote: For me, this comes down to one thing...... Do you believe CEO Peter and his communications and need reports, or not?................... News release is for 10 plants and 50 torches per, that's 500 torches............... He has stated directly on agoracom.com that they have shored up manufacturing capability, and that there is close to no difference between making a few and a few hundred torches as far as time goes...................... He has started that the process involves no plant shutdowns, and is a direct bolt-on replacement that can be done very quickly.......................................... So, once again, do you believe him, or not? Cheers!
dcowan wrote: Has anyone thought about the fact that a $1. something BILLION contract exposes a number of liabilities for both parties...? up until now, what the largest contract PYR has signed? US NAVY for 11.5M
I'm trying to put some scope on this and actually forecast where we're headed - I do believe everything will succeed but we're not going to $40 by DEC. Maybe a few Decembers from now.
Anyways, what are the experts predictions for SP with a $50M contract from Client A. I feel like that is within the reasonable expectation level.
DC