Thoughts on News releaseWell regardless of which side of the fence you are stiting on the "glass is always half full this is great!!!" or the "hahaha you all pumpers suck and I was right because i'm the smartest in the world" crowd, you can't deny this was a significant milestone for PYR (albeit well below expectations). Some initial thoughts:
- Peter achieved what he said he would do and signed that initial first torch contract. This is a huge positive. Anyone and their dog will tell you in business the first deal is always the hardest and being an early adopter you are always going to be met with skeptism. I do agree with most though that unless Peter had/has some brilliant strategy in mind, his posts did imply something more positive was on the horizon (and it may be, and frankly everything he conveyed is based on the individual's interpretation). If you were sitting on the other side of the table though, you would definitely take advantage of those statements in negotiations.
- The emphasis on 10 plants and approx 50 torches per plant is the end goal. Executing a contract on just one torch is aboslutely just a 'show me' deal. There's no denying that. Client A most likely (my opinion only) believes in the product but needs to see some realistic outputs and level of GHG reductions before committing fully.
- Share price will be violatile but do agree with most here that tomorrow should open sharply lower. Whether that is a good buying opportunity is really up to you. However, given that recent financing for TSX requirements worked out to be approx $3.50/share, my first thought would be anything below that can be considered a good buying opportunity.
- Keep in mind this is still only one of various business segments for PYR.
GLTA