Post by
fdfd12 on Oct 13, 2022 3:12pm
PYR
Take it easy you guys.
This stock has potential BUT...
It is doing less than $35M in revenue yearly with a market cap of $200M.
It has to deliver contracts before it goes up to $3 or higher.
The market thought the contracts would come quickly 18 months ago when it went to $12.
Even people on this board said 100 torches imminent.
We have seen that this will be a lot slower than we thought. It has been 2 years and nothing to show for it. so far.
Market got tired and sold.
When and if the big orders come, then this will go way up.
ONLY when the orders come.
Comment by
fdfd12 on Oct 14, 2022 12:52pm
Another problem is that this thing is taking too long. I always worry about the competition coming up with a similar torch with their own patents like a bigger and better know company. If that happens, if you were VALE, would you buy of PYR or the bigger well know company? "Slow is not always smooth"
Comment by
beachbuminMexic on Oct 14, 2022 1:37pm
And how many years would it take for a competing company to come up with a new tech that is better than PYR'S pattented torches for Iron ore pellets???? Pyr is the leading plasma tech company in the world at this point in time....Still have your 20,000 shares? If you do you must believe contracts are coming our way...no....Beachbum
Comment by
fdfd12 on Oct 14, 2022 1:43pm
I have my shares but it is only about $25K of stock so not worth much. Bigger companies may be able to work much quicker than PYR to develop. May not take as long a time as one might think since they are multi billion dollar companies. I am still hoping. I consider it play money (mad money)
Comment by
beachbuminMexic on Oct 14, 2022 1:59pm
Yeah but PYR is inside the fence with at least two major iron ore companies. How long for another to get inside the fence....Eh!
Comment by
beachbuminMexic on Oct 14, 2022 2:40pm
They both have bought torches to test in their funaces...I would say that is inside the fence. And yes PRY does hold patents for plasma torch Iron ore pellitization. There are no secrets Just Nda's for competitive reasons. Not the big deal you are making it out to be...The rest of your diatribe is meaninless....
Comment by
Spike44 on Oct 14, 2022 2:00pm
Have you heard about patents? just asking..