RE:History of PYR plasma torch for iron ore pelletization Great post Poyolo. Much more credible that FUD of our little shorts. At least they give us an opportunity to add more.
Shorts will have to cover anyways; in a planned or unplanned way, as they don't own the shares they borrow. That's what is in favor of the longs. Plus this special opportunity at these ridicule prices.
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poyolo - (12/17/2021 11:43:11 AM)
History of PYR plasma torch for iron ore pelletization
The source of this info is the NR from PYR website. Let´s see the dates and progress of the torch sent to Sweden:
- 01-07-2019: PyroGenesis Announces Winning Tender (>CAD $1MM) for 900 kW Plasma
Torch System Sale.
- 01-17-2019: PyroGenesis Signs Previously Announced >$1M Contract
for 900 kW Plasma Torch System Sale
- 09-18-2019: PyroGenesis Successfully Completes 900-kW Plasma Torch Factory Acceptance Testing; Receives Payments Totaling $936,000;Torch Shipped to Sweden.
- 10-17-2019: PyroGenesis Successfully Completes 900-kW Plasma Torch
Site Acceptance Test at RISE Energy Technology Center AB’s Facility.
03-04-2020: PyroGenesis Successfully Completes all Torch Tests for
RISE Energy Technology Center AB.
So, it took 15 months from getting the contract to ending the test. And bashers want to sell 36 torches in a few months? Do you think a torch is a candy, a bycicle or a scooter? We are talking about a high technology disrupting machine and a contract worth millions.
Lets see the client A, B and C development. 2 months after the succesfully sweden torch trial finished, got the first NR from cliente A:
- 03-30-2020: PyroGenesis Successfully Completes First Phase of Torch Modelling Geared to
Reducing Greenhouse Gases for Major Iron Ore Pelletization Client A
05-19-2020: PyroGenesis Enters Negotiations for Supply of Equipment with Iron Ore
Pelletization Modeling Client.
06-11-2020: PyroGenesis Signs Second Modelling Contract with New Iron Ore Pelletization Client B
07-02-2020: PyroGenesis Provides Update on its Iron Ore Pelletization Torch Business. In this one Peter says he expects the first iron ore order for Q3. It finally got it on 11-24-2020. THERE WAS A LITTLE DELAY OF A FEW MONTHS, BUT THEY DELIVERED. A few months in this kind f technology and contracts means nothing at all.
11-12-2020: PyroGenesis Provides Update on its Iron Ore Pelletization Torch Business.
11-24-2020: PyroGenesis Signs Initial Plasma Torch Contract with Major Iron Ore Producer Client A.
06-03-2020: PyroGenesis Announces Request for Cost Estimate from Major Iron Ore Producer for Thirty-Six Plasma Torches Validation Continues.
09/14/2020: PyroGenesis Announces $6 Million Torch Order with Another Major Iron Ore Pelletizer Client B.
As you all see, this kind of contracts take time. But Peter will deliver. Why? It is just the best option for decarbonizing the iron ore industry. And PYR has the PATENT for it.
Regards