RE:Radian Oil and Gas Services Co 's Drosrite systems deliveryTOCKY8008,
Pyro also expected payment earlier on.
Rest assured had Pyro received or secured payment, they would have disseminated a PR re the same and units shipped.
Will the 7 units be up and running before year-end?
Good luck to All!
TOCKY8008 wrote: Dalesio98,
MY half full glass speculation is that the 4 systems are in containers in transit on a ship to the middle east.
Based on the
June 26, 2024 NR PyroGenesis Provides Update Regarding Receipt of $4.1 Million Payment. "Once the payment of the remaining balance due of approximately CAD$4.8 million (USD$3.5 million) plus storage fees is
secured, the remaining 4 systems, which have been manufactured and are currently in storage, will be shipped. It is
expected that all 7 systems will be up and running before year-end."
Secured...
Maybe a payment promise upon delivery.
It takes time to travel there. Plus they have to install them.
But you could be right, they might be sitting in a warehouse.
Maybe the financials will shed a bit of light.
TOCKY8008