Pending Contracts For all that are starting to worry, please reread some of the past press releases for reassurance.
On June 30, 2020 - New Development – Client C
"Barring any unforeseen events, we believe that it is entirely reasonable that initial torch equipment purchases will be placed in Q3 2020.”
Client A
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.
PYR delivered on the modelling portion completion and equipment purchase discussion as a draft contract has been received as of the Sept. 1, 2020 press release.
Also, in the last press release on Sept. 11, 2020, PYR made it clear that
"In fact, I can confirm that the current status of torch negotiations with various clients anticipate closing more than 1-2 torch deals in well under 3 months, let alone 3-6 months"
Here he is specifying 1-2 torch deals not single torch purchases. These are deals with multiple clients.
My guess would be that by the end of the month, we should have much more information on the iron ore deals, if not a contract or two.
Also, the Client B update is well overdue, so we could get an update on that front any day.
Another side note, the technolgy works or else we wouldnt have multiple torch orders from the NAVY. And the CEO is well invested in the company.
Stay strong, better days are surely ahead!