I recently wrote about the stock that I think is the trade of the decade: Pyrogenesis. This week Pyrogenesis’ business partner released this news. After much delay and perceived uncertainty Drosrite International will finally get the down payment on it’s Drosrite deal with Radian Oil & Gas . I expect that after this money is deposited that it will then send to Pyrogenesis the money owed to it. This should happen if not next week then the following one at the latest.
The delay in getting paid on this deal and the start of the aircraft carrier deal I outlined last time is I believe the main reason that Pyrogenesis has fallen from the $0.50 to $0.60 range down to about $0.40 just before the news. Of note this news was released by Drosrite International rather than Pyrogenesis itself. I don’t know how closely Pyrogenesis’ investors are following news from Drosrite International, so it’s possible some may not be aware of this yet. The stock price has risen a bit to $0.425 on the back of the news which is a step in the right direction. Though when Pyrogenesis receives the money from Drosrite International and I would think puts out it’s own press release then this news will be more wide-spread. This should really begin the price climbing.
I have put a very significant portion of my portfolio into this trade and I believe this news release is the inflection point that will ultimately drive TSE:PYR up to $1.40 and maybe beyond.