RE:RE:RE:Drosite International in discussions with other smelters As a multi-year shareholder I waited after Oct 9/19 for the $6.4m announced in the PR to be received in 2-4 weeks and I'm still waiting. Q3/19 YTD reported consolidated results? Over $4M loss. Audited Q4 & full year 2019 may not be reported till Apr 30/20; Do you anticipate transition to profit when full year '19 results reported? What about Q1 when reported perhaps May 30/20? Q2 when reported (Q2/19 reported Aug 29 last year)? Wait... wait... Who's the one twisting and casting doubt? Posting information released officially by the company shouldn't be that difficult to interpret.
developbc wrote:
developbc wrote:
Well wait for Q1 and Q2 results..if you bother to read the Pyrogenesis press releases you'd know instead of twisting and casting doubt.
Bytheriver wrote: It appears Drosrite International, not PyroGenesis (the focus company of this forum), has a contract with Radian Oil abd Gas to provide multiple Drosrite units and intends to manufacture these units in the US under license from PyroGenesis. Anyone disagree so far?
Is it reasonable for Drosrite International, a private company, to expect to profit from a multi-million dollar manufacturing contract?
How much profit does PyroGenesis expect to generate from the apparent licensing contract with Drosrite International? Anyone know from publicly available information?
There have been wild projections on this site of almost unbelievable revenues anticipated to flow to PyroGenesis that are not substantiated by facts released by PyroGenesis. Even the recent press release by PyroGenesis advises they have no new material information to disclose at this time. Future contracts and success realized by Drosrite International are only valuable to PyroGenesis shareholders to the extend provided for in the as yet unknown details of the licensing agreement.
I wish every success to both PyroGenesis and Drosrite International. Keep it real folks.
developbc wrote: You have to love the last paragraph from today's NR: "Drosrite International’s focus is to supply DROSRITE™ systems, together with complete plant and accessories, required for the recovery of aluminum dross. Drosrite International LLC is in discussion with other smelters to provide this type of service on a direct/indirect basis."