RE:Contracts or Backlog?Either you were just being very diplomatic when you posted the following GrahamB, or you weren't, in which case I disagree with you entirely for once:
" Without sufficient working capital to support operations, fulfilling large backlogged orders becomes challenging."
My case wouldn't be that fulfilling large backlogged orders wouldn't be "challenging", it would be impossible.
Given that all of the company's moveable assets have already been pledged, and given that the company has current liabilities ( due within one year ) that far exceed current assets, I suspect PyroGenesis has a very poor credit quotient.
There isn't a bank in North America that would lend this company anything at all.
That's a fact.
Why is the stock down 32% in less than two months after announcing a $27 million contract??
This company doesn't have the money to produce Anything at All.
The market will hammer this stock in the very near future.