PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

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PyroGenesis Inc

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Comment by ramuntchoon Aug 04, 2020 3:11pm

293 Views

Post# 31362983

RE:RE:RISK

My first paragrah is unclear; it should read...but I'am not sure as English is not my mother language

Some days ago, I sold almost everything but my PYR and HPQ shares, in my RRIF (I'am 80) to pay for the taxes and secure 4K PYR at the lowest (3.94$) day price into my margin account because if I still hold them in an RRIF, the tax cost will be much higher as they appreciate.

ramuntcho wrote:
Among the many reasons to sell some shares here are mines:

Some days ago, I sold almost everything but my PYR and HPQ shares in my RRIF (I'am 80) @ 3.94 to pay for the taxes and secure them into my margin account because if I still hold them in an RRIF, the tax cost will be much higher as they appreciate.

Last December, I transferred as many PYR shares into my TFSA from my RRIF to make the previous three years' contributions I had been unable to fulfill because I was living on my mortgage margin account. I would have preferred selling my house my banker strongly suggested I should do rather than selling any PYR shares.

I miscalculated and put $7200 more of PYR cheap share value (cost 0.52$ and about 0.30$ at transfer day) than I was allowed to as a letter from CRA advised me to withdraw that amount on March 7 this year. No penalties. I'm a good boy! But my PYR shares had appreciated in the meantime, sold some at 1.87$ to conform to the law as I still want to stay a good boy.

Today I decided to sell all other stocks I still hold in my RRIF and enough PYR shares to pay for taxes as I will close my RRIF. The 23K PYR and 10K HPQ shares left in my RRIF will switch at the lower of today's trading price. The tax burden will be less on capital gains into my regular margin account. So why sell now? Why not? If it makes sense!

ramuntcho

Duke101 wrote: I believe the risk factor is very low for PYR, so why sell at these prices?

so why sell at these prices?