https://www.reddit.com/r/CanadianInvestor/comments/kj2uu8/some_noob_dd_for_some_interesting_canadian/
(Link is deleted now, but I posted this when PyroGenisis was around $3/share and HPQ was around 85c.) Here's the deleted post
Some noob DD from me. I think these stocks are a great long term hold. Don't use this as advice, do your own DD. Informative purposes only
I've been looking at PyroGenesis (PYR.TO) ever since they announced they were looking to uplist on NASDAQ. PyroGenesis Canada Inc. designs, develops, manufactures, and commercializes advanced plasma processes and systems in Canada and internationally. They are involved in Metals, Waste management, Innovation & Custom Process development (HPQ-Silicon), Plasma Torches (see previous DD by /u/Greasyfork
Two of their main products piqued my interest-
1)- Plasma torches
These plasma torches are an environmentally friendly alternative to using fossil fuels in the Iron Pelletization industry. Currently PyroGenesis is the only company that has a patent for such a process in the industry.
Just recently, they announced they had a contract with a major iron ore supplier equaling $3.6M
https://finance.yahoo.com/news/pyrogenesis-signs-initial-plasma-torch-213000493.html >https://finance.yahoo.com/news/pyrogenesis-signs-additional-1-1mm-133500724.html
It also mentions there that "The Client, which has committed to reduce its greenhouse gas (“GHG”) emissions, has over ten (10) plants, each possibly requiring up to 50 plasma torches." - That's approx $500-600M future revenue that the client has committed to purchase exclusively from PyroGenesis. PyroGenesis will also be providing after sale services to this client for additional revenue
That is just ONE contract with one company. Expect many more contracts over the years as more companies decide to ditch fossil fuels and go with a more green solution
2- Innovation & Custom Process development (HPQ-Silicon)
That brings to the second company on my radar, HPQ Silicon Resources (HPQ.V, OTC:URAGF) They are involved in the exploration, mining, and production of silicon metals, solar grade silicon metals, and porous silicon wafers.
A few months ago, PyroGenesis & HPQ Silicon signed an agreement to develop The PUREVAPTM NSiR process. Once up and runing, HPQ NANO can deliver to advanced materials companies and battery manufacturers a cost competitive, tailor-made product, that can replace graphite in batteries and thereby allow the deployment of truly powerful next generation Li-ion batteries
https://finance.yahoo.com/news/hpq-silicon-pyrogenesis-sign-nano-170500452.html
PyroGenesis then sold the IP rights of the PUREVAP™ NSiR process which included a 10% royalty for any sales which PyroGenesis can convert into a 50% ownership of HPQ
https://finance.yahoo.com/news/pyrogenesis-signs-3m-contract-hpq-174600535.html
Before they even started any production, they already have an order for the material from a major Car manufacturer
https://finance.yahoo.com/news/hpq-nano-receives-first-order-190300952.html
And earlier today, they announced that their first reactor has been commissioned and is ready to start production.
https://finance.yahoo.com/news/hpq-nano-reaches-major-milestones-141000141.html
Since that post- there have been a number of developments- PyroGenesis stock price is now at $7.7ish (peak of $12) (which IMO is a great buy-in point) & HPQ price is around $1.1 (peak of ~$1.6)
January 12- they announced implementation of a NCIB- When the company thinks their share price is undervalued, they can opt to buy back some shares thus reducing supply & increasing value for shareholders https://finance.yahoo.com/news/pyrogenesis-announces-implementation-ncib-133500312.html
Jan 21- HPQ announced that their Gen1 Nano Silicon Reactor Exceeds Expectations https://finance.yahoo.com/news/pyrogenesis-announces-implementation-ncib-133500312.html
Feb 02- PyroGenesis filed form 40-f with the SEC https://finance.yahoo.com/news/pyrogenesis-files-form-40-f-204300768.html
Feb 18- Nasdaq application all but approved https://finance.yahoo.com/news/pyrogenesis-provides-listing-application-nasdaq-192500547.html
Last time the market had a bit of a correction (Feb 23) and the stock price went from around $11 to $7ish, the company put put a press release specifically stating that everything was on track, no financing planned, company has cash, etc
Yesterday, they announced a new appointment to the board of directors-Mr. Ben Naccarato who has over 30 years of experience in the sector. BUT what I found interesting was tucked away at the end of the press release-
"Separately, the Company is pleased to announce today that it has entered into a lease agreement for an additional 31, 632 sq. ft. which will almost double its existing manufacturing footprint in Montreal, QC, Canada."
So they are planning on doubling their manufacturing capability https://finance.yahoo.com/news/pyrogenesis-pleased-announce-appointment-mr-212000379.html
All in all, I think this is a very good long term investment- they are the only leaders in the Plasma industry and they have 2 (other) products that I havent mentioned, they are the only non-US based company to have their equipment on US navy aircraft carriers and have a lot of other things going for them
As always, I am not a financial advisor, I just like the stock. do you own DD