RE:Was hoping for B purchase todayWe'd all love more clarity on timelines, myself included. But it's impossible with publicly traded companies in this situation. It's a double-edge sword because of the nature of the company -- a long-lead supplier of costly equipment that take months to negotiate.
PYR can't say precisely how long the negotiations would take -- for instance, "this is exactly a 4 month negotiations process before we know how large the contract is", etc. -- because:
1/ the short selling would be ten times greater than it is now, as many investors (including a lot of longs) would sell all their shares and buy back 3-months later right before negotiations were done.
2/ there's no way to predict precisely how long negotiations can take, such that it would be considered accurate material news. it could take a week, it could take three months. If you can't be specific you can only say you've entered into negotiations and give update that things remain on track. Anything else would be considered speculation and likely rejected by the regulator for inclusion in news releases.
StairwayTo wrote: It could have stabilized the sp, and probably boost it up to $4 range.
I think a good clarification off projects timeline would be appropriate.
We got the US navy deal, the purchase of 1 torch, the commencement of modeling for C, the quote for 4 torches from B, the listing to the TSX, the great Q3 result.
Maybe the market had already priced all this in back in June-July with news releases, with words like "imminent", "speed of light", "Billions $ market", "contracts by end of Q3", and not to mention what some shareholders were forcasting.
I would like more clarity, transparency as to where we are now and where we are going.