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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 GrahamBon Nov 10, 2024 8:33pm
38 Views
Post# 36305989

RE:RE:You Can't Pay Your Bills with Accounts Receivable

RE:RE:You Can't Pay Your Bills with Accounts Receivable

Melida wrote: Some consequential misunderstandings and mistakes here on your part.  Your best option would be to take advantage of the new investor relations platform that was announced during the conference call.  The CFO can set you straight.  

The CFO can help you with your corrected burn rate and possibly provide more insight into Q4.  It would seem that if we use your numbers Pyro would have ceased making any payments on or about October 1 and for argument's sake why don't we say October 15.   I'm assuming (but get CFO to explain)this would have prevented Pyro from even executing the contract with the navy given boilerplate clauses that would exist regarding good standing etc.  Furthermore, Pyro being a publicly traded company, obviously would have had to make this disclosure due to its materiality.



Thanks for the advice, but I'll wait until I see the audited financials, and in the meantime, I think that it's pretty clear with the bottom line is. Whether we choose to focus on operating cash, or adjust for this, the business operations, or the poor efficiency is very very clear to me.

By the way, did you want to comment on the profit margin, since it was your post where that was toted as being such a positive.

"As at September 30, 2024, the Company has working capital deficiency of $10,378,525 ($7,007,719 as at December 31, 2023) including cash of $38,716 ($1,802,616 as at December 31, 2023)."

 


 

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