RE:RE:RE:RE:RE:PYR has a valuation problemWell, for me I am okay with todays price to add, no problem whatsoever. I feel that institutional buying on the backs of a year or two of EPS growth is what will move the PE. the earnings, those I am not too concerned for at all. I have confidence in the due diligence I have done.
It is up to you, but I feel waiting for anything lower than $3 going forward is gambling on saving eggs in exchange for missing out on the turkey.(tis the season down South).
To each their own, but I think you are doing the right thing by having a very low buy-in point, that's important, just make sure you don;t miss out on the big story that is coming ;)
I invite you to start your DD(If you have already, cheers, and don't worry) on Sedar going back to early 2019. Every MD&A and NR. IF you have not, it is well worth your time, and might show you what many here have found.
Otherwise, best of luck!
Cheers!
BCdude wrote: This is a reasonable response. PYR has plenty of tailwinds, no question, which is why I doubt it gets down as low as $1.30. And probably why I would buy some at the $2.00 level.
Asamatteroffact wrote: Not that far off base IF we were in a normal market dynamic. One in where we don't have negative yilelds push capital to riskier propositions. Cash is essentially useless sitting in an account beyond paying day to day bills & most likely will only get worse given inflation creeping in.
Additionally, tech. is highly valued on future growth as some names were thrown around already. Telsa & Nikola both astrnomically higher than what FMV is but what is FMV, ultimately it's all subjective & highly dependent on what investors appetite is in comparison to other investments. What does the proposed opportunity present to you in scale. PYR market is a big global market, well into the billions.
I think you're also missing a BIG STRUCTURAL SHIFT THAT happened years ago, capital has left oil, old energy infrastructure, coal , B&M retail etc to come into new tech, especially green energy plays like PYR, they will be the big winners providing their tech is solid & validated which appears to be on course for PYR.
SO even if PYR is overvlaued now, better to be in already front running the massive growth that lies ahead regardless of the volatility endured in the short term, opposing missing your affordability sweet spot causing you to miss your opportunity before all the BIG BOYS come in & really drive the price up.
THIS ISN'T A GAME OF TIMING ANYMORE, RATHER A GAME OF PICKING A TARGET, DEPLOYING THE RIGHT CAPITAL ALLOCATION & STICKING AROUND FOR THE LONG HAUL UNTIL SOMETHING INVALIDATES THE IDEA YOU INVESTED IN.
Then you rinse & repeat with the latest & greatest but this cycle has a ways to go yet, just getting started actually, considering all the big boys like BlackRock & Vanguard just to name a few annoucing massive allocation to cleantech & the enviromental global warming/climate change narrative basesd plays.
It doesn't matter if PYR goes to $3 tomorrow or not, all short term noise, what matters is where it can be headed to in the next 5 even10 years, maybe $100 is too conservative but having said that, you can't rule out the suprise effect to the upside much faster.
Choose wisely, I for one do no want to be on the sidelines!!! Good luck.
A BIRD IN HAND IS WORTH TWO IN THE BUSH