RE:RE:settireonfireDuke101 wrote: People keep mentioning no debt but in the financials it says PYR has 10M in liabilites that has to be paid in the next 12 months. I believe a liabiliy is debt.? Has anyone else seen this?
There are several entries that are listed as liabilities but are NOT debt. For example, Lease Liabilities - under IFRS Rules this must be stated under any commercial lease term even IF there is a 'escape or demo clause' etc. Treat it as prepaid lease if one must but it is not actual $ debt.
Another example is Billings in Excess of Costs and profits on uncompleted contracts is as stated. Percentage Completion -Accounting anomaly whereas collect faster than work completed but IF company stops this amount is NOT payable.
Properly discerning actual hard debt taking in consideration IFRS Accounting requirements PYR has no debt and has an excellent balance sheet.
With huge backlog and most of their verticals commercializing...future looks incredible for PYR.
Long and strong PYR!!!!!!