RE:RE:500 Torch Contract SignedAbsolutely. A blatant mischaracterization. But that is his moejo and whoever of the regulars does not chime in to comment on this kind of stuff probably falls into under the pumpers that 3P was saying that we should all be weary about besides the predatory shorters. I don't get that kind of pumping, it is not like they have any influence over any trading given that we are not far off from the lows for the year. If I understood correctly, there could be an update on other things coming, so I am hoping that they will be able to slap on some new meat onto those.
MidtownGuy wrote: Geez man, this is blatantly untrue and there is no evidence that a 500 torch contract has been signed. There is in fact a single contract for a single (1) torch so far.
Things are looking good, and if it happens, great, report it then. But this kind of pumping helps no one and leads to disenchantment and investor anger when this kind of out-of-scale speculation occurs.
BIGMOE wrote: As indicated by Peter and the hint that shorters should worry next week.
I think the signed contrat with Vale will be for 500 torch deliver over the next 3 to 5 years. This will be a major announcement in few weeks.
FAT test just formality for any equipemnt in front of the customers to witness. I have done this so many time witnessing FAT in electrical industries. All the FAT test generally done in advance by the equioment manufactures (Pyro) and they have all the results and the equipemnt passed all the FAT test, Now basically customes will witness all the test and Pyro will wine/dine the customes for few week before the signed contrat.
I am not sure what type of FAT testing will be done. Generally these are the test as follows:
Contact Resistance
BIL (Basic Impulse Level)
Ratio
AC or DC hipot test
Operation test
Control test
Voltage/Current
Good luck to long term investor of Pyro.