RE:RE:RE:RE:Too little, too late to start buying back shares If PYR had bought for example 50,000 shares on April 5, 2021 to support the closing price at the top of $8.82 and more, PYR would not have needed to buy more shares afterwards because PYR would have fallen back into the bullish corridor. It would have cost 50,000 X $8.82 = $441000 on April 5th whereas now it's been 3 days since PYR bought 88342 shares at $7.21 so 3X($8,342 X $7.21)= $1.8M approximately.
And, don't be fooled! Who do you think taught me how to optimize liquidity to stimulate a SP at the right time?
CFO's of many small caps my friend... by using buyback programs (like PYR currently) or by declaring insider purchases by members of the management.
LastZaz wrote: You seem to be arguing two different things at once here.
1) If they bought back shares earlier - you realize they'd have used more cash right? Yet there you are arguing they do need cash. So which do you want? I'd prefer they bought back when the prices are actually low, or after a sell-off.... not close to all time highs...
2) No company makes decisions regarding its shares or its operations based around technical analysis. And they would be extremely poor management if they did. That is a very silly thing to suggest. I like technical analysis as well, but as your predictions have shown - it is not a perfect science. It is a helpful aid for investors in terms of finding opportune times to buy and sell.
3) I think PYR has done well to improve its overall reputation in the last 12 months. Listing on TSX and NASDAQ and inking deal with a multi billion dollar iron ore company... with more to come. Its technology vetted and used by US military, the Saudis with the Drosrite deal, and so on. This is a silly talking point.
My point is:1-Even though PYR says he doesn't need cash right now, that is absolutely false. PYR just bought new buildings and has to pay to build new facilities to produce AM powder for future contracts. In addition, PYR's payroll is increasing with the researchers that PYR has just hired and for the sellers (and their travels) that PYR will have to support soon before getting the contracts.2-And, if PYR had understood technical analysis then, PYR would not have needed to spend a lot of cash to support the stock price. PYR would not have needed to waste cash to maintain the SP which is undervalued according to PYR. It would have taken care of itself.3-And when you say that a company doesn't care about the daily price of a stock then I say you are wrong. For a small cap, the SP represents the visibility of a company. It's what makes it known like when it went from 0.49 to 11$. But now we have to prove to investors that this is not a flash in the pan. Hence the importance of supporting the SP now and even before it falls like it did now.