RE:sold on pyr and investedEdgetown1invest wrote: I believe in PYR and its future.As our leader,Peter is a very well educated man and one of the more wealthy CEO's in Canada.They have a patent and one of the biggest iron ore producers on board to to buy lots of torches.Plus other divisions that could explode any day.Just about everyone on this board is a big investor and believer as well.We do not have an over abundant supply of stock available.The stock, I personally feel is not over priced.Just about every technology stock is over priced. But today someone will say buy 100 shares of SHOP instead of over 30000 shares of PYR.
That is just one deal on the TSX. It puzzles me? WHY?Some of these buyers are in charge of 100's of millions of dollars. CPP Fund manager is just one example.Why not 30000 shares of PYR.That is the million dollar question!!
I've asked that very question, the answer is a lot of funds will pay a premium price after pyr has been widely accepted, not all but a lot would pay $15 or $20 after a big contract rather than $4 before a big contract, just in case the big contract doesn't actually come. Please don't shoot the messenger.