TSX:PYR - Post Discussion
Post by
Thinkbigsti69 on Sep 15, 2024 9:19pm
GIGA contracts coming?
JetsFanYEG @stonks_r_us awesome! Peter mentioned they delayed receiving the payables for a Drossrite contract for the purpose of greater opportunity in the future. After reading this deal with Maaden and Alcoa it makes sense what he was talking about, before it was a joint venture which can be limiting in how capital expenditure is allocated, after this deal there should be better autonomy to make deals. I like that they also mentioned a JV with Vale which we are all familiar with as well, this should all be good for PYR imo 6
@JetsFanYEG Maaden probably approached PYR and said listen we have a deal to buy out the JV with Alcoa that will allow us to wholly control our aluminum business and we foresee a future with many more Drossrite systems but until the deal is completed can you hold off on shipping the systems and allow the invoices to go past due because getting Alcoa to approve additional expenditure in the middle of this massive deal is not easy. If you work with us now on this issue the future for both of our companies can be much brighter! All speculation of course but makes sense to me
Be the first to comment on this post