Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.


TSX:PYR - Post by User

Comment by Mostlyseriouson Apr 02, 2024 2:57pm
106 Views
Post# 35965797

RE:Radian Serves & Services several Middle East Smelters

RE:Radian Serves & Services several Middle East SmeltersLet's collect the US$8M payment by the end of June this year, as "expected".  

It would be about time that a small company challenged to keep its doors open collects an outstanding debt of some CDN $10.5 million from one of the biggest players in the aluminum industry that is supposedly already benefitting from the equipment it had been supplied.  A huge mutlinational withholding a payment because it is exploring other business opportunities to make money is the weirdest thing I have ever heard.  But that is the explanation here and while trying to collect a debt owing, there is a dangling of additional future business.  

If this money is not collected by the end of June as the company expects after so much time and on the basis of the solid discussions it is having, wonder what we are to think of so many other things out there were the commitments are far from something like accounts receivables that are effectively backed up by a delivered part of a contract.

Collection of the $10.5 million payment would be the most significant thing that PYR would have achieved over the last couple of year IMO.  All the current sales carry such a small gross margin that this cash would be equivalent to some $40 million in sales.
<< Previous
Bullboard Posts
Next >>