RE:Too little, too late to start buying back sharesWhat are you f'ing talking about? Companies don't do what they do to support the share price.....they do it because they think the company is undervalued and that is where their capital is best spent at present. The share price does not matter to the daily operations of the company, unless they are looking to raise funds which PYR is not. And by purchasing these shares now, PYR is saying that they have no plans to do so at any foreseeable point in the future. Cashflow projections are obviously strong.
electriqueman wrote: PYR could have bought back shares at more strategic times to support the chart.
PYR could have bought when the SP was on support or when it was about to cross resistance. The chart speaks and you have to listen to it.
PYR should have bought on March 25, 2021 and especially on April 1, 2021 to confirm an exit from a bearish corridor. If PYR had done that then we wouldn't be here complaining about the SP falling like a rock.
Look what happens when we cross a major support like at 7.71 on April 12, 2021. It falls! But now we're probably going down to $5.68. This is the extension of the bearish corridor support. If we take a 3 month chart and connect the closing price of February 11, 2021 ($8.63) and March 3, 2021 ($8.73) then that brings us to a POSSIBILITY of $5.68.
But nothing prevents PYR from going down to another $4.24 support from January 20, 2021.
If no major news comes out then PYR can go all the way down there!