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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

Comment by infoisgoodmanon Oct 19, 2020 11:15am
218 Views
Post# 31738852

RE:RE:RE:The week ahead

RE:RE:RE:The week aheadI very much disagree with your statement;” Most index funds and most Technology and science mutual funds will need to take a position in this company simply to fulfill the requirements of their charters.”  First off nobody “needs” anything.  There’s no shortage of mutual funds out there that don’t own Apple or Amazon and they are doing just fine.  Also a mutual fund doesn’t decide anything, the manager of the mutual fund does and that is usually one person.  I have seen time and time again that a mutual fund manager knows about a very good company such as Pyrogenesis but will not invest in the company not because of the price of the stock or any “charter” but because the share float is too small or a company is too thinly traded.  Managers like to see millions of shares traded per session because liquidity is often more important than quality.  If a mutual fund wants out they have to be able to get out.  As an example I heard a mutual fund manager speak a couple of years ago about this.  He laughed about a competitor manager because everyone knew he owned shares in a small company and every time the competitor tried to sell his shares the other managers would screw around with him and offer him a brutal low bid or just take all of their bids of the table so that the competitor could never sell his shares.  Pyro is a small company and very thinly traded and although it seems to be a solid investment (personally I love this company and think it’s amazing but I am a small retail investor) it’s more of a boutique investment for many managers, too small and illiquid and therefore too risky regardless of the quality of the company.  I have heard far too many mutual fund managers talk about this exact point.  “It’s a fantastic company, it’s amazing, it makes money hand over fist etc.” but they won’t touch it because it’s too thinly traded.  It’s for this reason that the upgrade from the venture isn’t going to give it the boost that many think.

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