The Slide & The Ascension
Good Afternoon All,
Quite the low key day with very little volume and no news. But we all know news will come. IMO, the day to day trades will be as though we are at the ocean beach, seeing the ebb and tide of the waves breaking to shore.
Then one day, the news Tsunami hits the wire. Wearing your life jacket ( PYR Holdings) will not only save your bacon but make your bacon too. :) Couldn't help myself, CndnBacon :)
The start of the covid slide for PYR sp, and countless others, basically started 03/09/2020 with PYR at a high of $ 0.40 / low $ 0.36/close $ 0.39. Hitting the 52 week low on 03/18/2020 with a high of $ 0.22/low $ 0.19/close $ 0.20.
Painful for so many Blue Chip and All. We saw Dow drop thousands of points in a day with reversals in thousands too in a matter of days/weeks. Gut wrenching is putting it mildly.
But the word got out. Things will turn and turn for the better. Starting with the essential services. And a big yes that PYR was declared essential along with their supply lines.
Well who ever bought in @ $ 0.19 and may be still holding. Then it's a 23 bagger that can buy you more than just a few things.
So we bottomed out on 03/18/2020 and then shortly ' The Ascension ' began. And it of course started with a NR on 03/24/2020. That day the sp was a high of $ 0.50/low $ 0.37/close $ 0.38.
The NR of 03/24 was:
PyroGenesis Announces Receipt of First Payment Towards $25M+ DROSRITE™ Contract MONTREAL, QUEBEC (GlobeNewswire – March 24, 2020) -
PyroGenesis Canada Inc. (https://www.pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the "Company", the “Corporation” or "PyroGenesis") that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products, is pleased to announce today that, further to its press release dated February 26th, 2020, the Company has received the first payment of approx. $1.44M under the exclusivity contract with Drosrite International LLC (“DI” or the “Client”). In addition to the payment received today, PyroGenesis expects to receive further payments, the timing of which has been scheduled to match DI’s cash flow.
Quite the news, along with more and more NRs that helped things move re: PYR share values.
Yes Molly, when I put some data together on my earlier blog ( Outstanding ) I thought to use 04/30 as my starting point. Seeing the low was @ $ 0.49 that day which was coming up & out of the recent lows due to news. Also the sp of $ 0.49 was close enough to a large bulk of shares, of recent years, that had traded in the range of $ 0.50 - $ 0.65.
What happened that day, 04/30 , was PYR @ high $ 0.72 /low $ 0.49 /close $ 0.68 and the following was the news that same day:
PyroGenesis Successfully Completes First Phase of Torch Modelling Geared to Reducing Greenhouse Gases for Major Iron Ore Pelletization Client MONTREAL, Quebec (GlobeNewswire – April 30, 2020) -
PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the "Company", the “Corporation” or "PyroGenesis") that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that, further to its press release dated March 4th, 2020, it has successfully completed the first phase (the “First Phase”) of a multi-phase modeling contract aimed at evaluating the performance of PyroGenesis’ proprietary torches in an existing iron ore industrial furnace with the goal of replacing all existing fossil fuel burners with PyroGenesis’ plasma torches. All phases will be completed by the end of Q2 2020. The client is a multi-billion-dollar international producer of iron ore pellets (the “Client”), one of the largest in the industry, whose name will remain confidential for competitive reasons. The Client has over 10 plants each requiring approx. 50 plasma torches. This all important First Phase demonstrated that replacing fossil fuel burners with PyroGenesis’ proprietary plasma torch (i) has absolutely no ancillary detrimental effects anywhere in the process or with the furnaces, (ii) results in significant greenhouse gas reduction while at the same time, (iii) projecting significant cost savings.
So here we are today trading currently @ $ 4.40. More ways to go, you ask ? ! IMO, I'm looking way up. That Nova called PYR certainly is most ..... EPIC ..... to see.
Best wishes All, good health,
Good Fortune,
Sincerely,
Topseeker
P.S. Patience for all Longs, til the very very least for the next NR and then see how well PYR shares will do. Sincerely, Topseeker