Post by PressRelease on May 18, 2023 7:15am
New Press Release - PyroGenesis Announces Receipt of $2MM Payment Under Existing Drosrite(TM) Contract
Comment by
tamaracktop on May 18, 2023 7:58am
"We trust that this payment will allay any concerns that some may have had with respect to the collectability of this receivable" Not really. The company has collected $2 million of $13 million it's owed for a contract it announced almost 2 years ago under a "revised payment schedule". And this is newsworthy?
Comment by
tamaracktop on May 18, 2023 8:20am
The company's announced that these 3 systems were up and running on April 25th 2022. The stock was $2.41. Most companies announce new contracts. Most companies don't announce collecting partial payments for previously announced contracts late. This news will backfire.
Comment by
ScienceFirst on May 18, 2023 8:44am
Tamarackflop was bashing when money was delayed. Now he bashed when money is collected! The clown has posted so intensively (800+ FUD posts) that there's no way this clown cannot lose face as PYR gradually recovers late payments and signs new contracts. What an amazingly incompetent clown!
Comment by
ScienceFirst on May 18, 2023 8:52am
In 2015: Ma’aden/Alcoa JV Produces First Alumina at Ras Al Khair The 9.5M$ will be recovered completely despite all the past, present and future FUD shorts/day traders/whiners want you to believe. Moreover, new opportunities in upstream and downstream are now being discussed with Ma'aden and Alcoa.
Comment by
BCONTVentures on May 18, 2023 9:58am
Also note that Nick Bonner, PyroGenesis' Business Development Manager, was recently at one of Alcoa's smelters in Quebec (I follow a number of companies/employees on LinkedIn). There is a lot more going on behind the scenes at PyroGenesis. Long and Strong in PyroGenesis!