So let me get this straightOne major contract would be worth near a billion dollars. Now there's thousands of these torches that need replacing, then servicing.
So "if" pyr say refitted all of rio tinto, and vale torches let's be conservative at 10 billion. Pyrs stock price would be over $20 as an estimate.
Now, to drive the company down selling relentlessly at under a dollar, even accepting the losses in doing so, you could the then accumalate a mass of shares near 50 cents.
Once you hold a giant stake, pyrs market cap is now at $80m, you put in a very handsome takeover bid.
If that bid is declined, it's a zero loss, as the price will rise to over $20 "if" you had knowledge these deals were sure to happen.