RE:Thoughts on lack of torch newsI don't buy the idea that this will presssure him to do anything, he owns more than 50% of the fcompany, and his customers know that. We have the patent, so no rush.
You are correct that they will likely be looking to lower the per-torch price as much as possible, but I feel that the in house testing is more to our advantage, in that if there are tertiary benefits, it will be nice to see them and to have them priced in not only for client A, but every oter client in the future.
This first torch also allows Pyrogenesis to create a plan on how to implement the torches, and what needs to happen so the engineering plans are already in place and come as info with every torch sold.
My time horizon is years still, so this doesn't stress me at all, I would rather it get done as profitable as possible for th eoong term, over anything else.
Cheers!
showmethemonies wrote: I think a lot of us are wondering why there has been no news on the iron ore smelting front. We all expected that it would coincide nicely with the Nasdaq uplisting, and even Peter seems to have thought so, by how he said they would time the listing to be advantageous with major news releases.
So - where is the news?
Here is my hypothesis - the first torch deal is big. VERY big. And client A wants to pay less per torch than what PYR is asking. So, they stall on negotiations, knowing that the lack of news will make PYR look bad and the unmet expectation will cause the share price to fall. This puts pressure on Pyrogenesis to drop the price and seal the deal. But Peter is sticking to his guns and holding out for what he knows the torches are worth! If not, we would see a deal already but the price per torch would be lower than expected.
So basically the Client A is slowing down the process as a negotiating tactic because they want to pay less per torch, and they are buying a LOT of torches... which means when the contract finally does get signed, we will see PYR stock shoot way past any previous highs, and all these bashers will finally be shaken off like the blood-sucking fleas that they are as the PYR rocket ship launches off.
Anybody want to weigh in on this one?
Personally I am very happy to ride out these lows, buying more on the way down, knowing that what I hold will be worth a very large sum of money in 2-5 years. I was lucky to start buying 3.5 years ago so my average is still pretty low.
The greater risk is in not being ready with shares in hand when that big news drops.