Post by
politicat on Dec 15, 2020 1:48pm
the promise of the press release...
The 1 year stock chart of PYR tells the story. It was over-hyped.
The rise of >1200% from 50 cents was based on what ... signed contracts ? no.
All based on Client A .. then B .. then C speculation.
Talk of 1.5B contract from "A" alone....etc. talk of "over the moon", " lightning speed" mixed in with legal disclaimers and slow is smooth.
The Client B presser of an " agreed to in principle" contract -- did that have to be a press release ? No -- it was not a signed deal and it still isn't. just a quote.
The Client C presser that they don't want modeling and want to go right to contracts. Again - no contract and now they DO want modeling ...
BOTH press releases jumped the gun and resulted in a near billion dollar market cap. Peter has been over promoting every negotiation with an iron ore client.
Peter has said on Agoracom that the high market cap of PYR really helps in talks with clients as it gives the impression of stability and access to capital. Hmmm.
The risk is that the press release statements do not come true. Stock price collapses to almost 50% from peak. Trust in future statements eroded.
That is where we are now.
Comment by
Edgetown1invest on Dec 15, 2020 1:54pm
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Comment by
patrickp on Dec 15, 2020 1:54pm
yes. this speculation game has been going on since june. client A client B less than 3 months more than 1 or 2 torche deal... no name no numbers.. the market does not trust this, plain and simple.
Comment by
SigmundsID on Dec 15, 2020 2:11pm
The hype driven bubble burst in September and is still deflating, even now... true. It could take many months to recover
Comment by
StairwayTo on Dec 15, 2020 4:49pm
I thought this was a good honest post. I think PYR ceo now realize the consequences of pumping too much can fight back. Maybe the reason for his silence lately. Which I understand if nothing concrete is to be announced.
Comment by
Edgetown1invest on Dec 15, 2020 5:39pm
This post has been removed in accordance with Community Policy
Comment by
Yajne on Dec 15, 2020 6:14pm
...or Peter's silence lately could be 'radio silence' before the next NR, I guess we'll see soon enough. I agree with other posters who have stated that nothing has changed with PYR's massive opportunities, but the patience of many (mostly traders I suspect) has disappeared. I feel very comfortable as a an investor, here for the long haul!