Interesting technical debate on Yahoo
posted on
Dec 22, 2021 04:46AM
Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers
Something to ponder, expecially to those, carrying a loss on PYR https://finance.yahoo.com/quote/PYR/community?p=PYR
A copy from there, but have a look in the follow up debate. This guy does not sound like a "basher" at all:
My background and reason that PYR is a tough buy: I am an Industrial mechanic and power engineer. Working in energy plants/boilers gives me a unique insight into the technology that PYR is offering the industrial landscape. At first glance, and by the yearly chart, it seemed that the candles offered an impressive new opportunity for lack of a better phrase to "Make heat". That's what the candles offer. Heat. In exchange for electricity at X cost, you get a huge amount of thermal energy for industrial processes. Sounds simple and great for the industry. The theory is where the positive spin ends. Most heat dependant industry 1: Has a cost stable supply of heat, 2: Contractually obligated to purchase X source of energy to make their heat often at 5 or 10 even as long as 20-year contracts, 3: Is not fiscally pressured to switch processes, lack of government/environmental pressure to change. The other issue I have is the supposed contract negotiations PPP has consistently been reporting to shareholders. It's my belief that these negotiations are actually product offering meetings being sold as contract discussions. As in; he is calling a sales meeting a contract negotiation. Most of the companies they have offered to have held a single meeting then turned them down outright, and he still spins it as a negotiation. All legal I am sure, but misleading potential shareholders into believing that PYR was on a huge sales drive, with many "major players" moments from buying many candles.
Lots of companies did their own maths and found it to be impractical to switch, plain and simple. Hence-Still no significant sales. I would love to deep dive into PPP's personal choices to fire sale his own shares in this company then use PYR's own capital to buy back shares, but that's another thing altogether. In all honesty, if you are a bagholder looking at a massive loss, just hold it knowing it may be 5+ years before you see a return to better days. This company will rocket once gov in Canaderp ramps up the "Carbon bad" even more than it is, but keep in mind that most companies are buying hydroelectric. Hydro isn't viewed as a carbon power so the carbon taxes don't impact these industries the same as a corp buying coal power, natural gas, or nuclear. The Plasma candle IS an impressive new tech, but no one in the industry has heard of it, nor do they have any plans to adopt it any time soon. PYR had a HUGE pump, lots of fomo in this stock, but the "short attack" was from a group of people that could see through the BS and shorted the #$%$ out of these guys. They took your money, and so did Pete. He knew it was all BS from the moment the stock price was running away. Peter made his money and is still taking your money, hopefully, to keep PYR going long enough for tech adoption, or to retire, who knows. Either way, I was out months ago with a small loss, and I keep seeing people posting about how "It will go up tomorrow" And "Buying more at ___$". Lots and lots of pain in this stock. HUGE amount of caution if you are thinking of buying. Consider it may be over 10 years before you can take a real profit.