RE:The oil contract is worth (potentially)
uncleronstips wrote:
hundreds of $$$$$ millions. The pilot plant should be up and in final stage operation within the year. Then the revenue will start to roll-in. Pyrogenesis will be on everyone's radar by this time. The 3D manufacturing can also kick-in plus the ongoing business with the USA military and the waste to fuel can ( all ) contribute to the bottom line. I see a rosy future for the investors of this company. All we have to do is buy more shares and be patient. Cheers.
Almost every company listed on the tsx venture can say that their technology/market/patents are POTENTIALLY worth such and such billions of dollars. The real question is will it even see a fraction of its POTENTIAL as most startups dont. Forward looking garbage is whats killing the venture, plus greedy manipulation.
The fact is this: PYR went from .05cents to over .70c in a year....that is huge but as of last financials they are still cash flow negative with large debt. the new contracts are good but we have yet to see if they can generate positive cash. Based on the growing pains of any other company I would be surprised to see a positive cast flow in the next few quarters as growth is expensive. This stock has needed a correction for some time. My guess is we will be back down in the teens and that is when I will consider averaging down. Until then too expensive for where it is so far. TAKE PROFITS before your greed gets the better of you. glta