RE:RE:RE:Announces Intention to Purchase Up to 4.1% of Common Shares 'I have seen 100 of these over the years and every one of them when they are issued by companies that are losing money and have a declining stock price, alway end up being nothing more than desperation hype.' : Not true at all ; One (true) example, Kirkland Lake Gold is a very sucessful co (tons of cash, exceptionnal sp increase) and they are doing NIB. Read it at KL NCIB PR. They are currently buying shares to support the SP in a period of weakness gold price.
For the current cash position of PYR, we can only say it was low at the end of the latest quarter. And yes, it is worrying. But, it does not say where it is currently. The powder sales to the Asian partner might be very good and we do not know about the 3D OEM customers. So, at the next quarter results, the cash position of PYR might improved well.
GLTA,
Tom