RE:RE:RE:PYR perspective I agree that investors should temper their expectations but I also feel it's ok to be excited and expect a deal sooner given the last press release. I set my expectations at 0-3 months but if it takes longer, that's ok too. If a multi-billion dollar company wants it done quickly it will happen quickly. It would also be reasonable to believe that this isn't the multi billion dollar company's first equipment supply contract and they should have a template that is somewhere in the ballpark of acceptable. I interrupt the May 19th news release as the deal has already gone through the bulk of negotiations with the positive statements "
the initial stage of negotiations had already begun prior to the First Phase getting underway, and as such it served just to confirm expectations" and "
it has entered into the final stages of negotiation for equipment supply”. It would be reasonable to believe that "negotiations" means they have been negotiating a contract and could mean the contract is in final stages
. Then this reads that the deal is near. The press release also sets our expectations of a quicker timeframe with the statements "
In management’s opinion, this is moving quickly, particularly in light of the Client’s size, the current pandemic, and how busy they are" and "However, things seem to be moving in the right direction, and at a very rapid pace". The usual disclaimer is always added
“There is no guarantee of successful conclusion, nor of the timeframe in which this might occur,” . Who in their right mind wouldn't make this disclaimer given the positivity of this statement, regardless of how well and rapid everything was going.
May 19th press release for anyone who missed it.
https://stockhouse.com/news/press-releases/2020/05/19/pyrogenesis-enters-negotiations-for-supply-of-equipment-with-iron-ore
I really respect the posters who are trying to temper everyone's expectations but not everyone agrees with their interpretation of the timeframe. These are my interpretations of the most recent relavent press release, do your own DD and set your own expectations
GLTA