This is a boatload of "forward-looking" statements.
Bribing the locals:
"Having a significant Mongolian shareholder in PPG could pave the way to the
signing of a concession agreement and power purchase agreement with the Mongolian government."
"Prophecy and Cosmo have met representatives from some of the world's largest thermal power plant and coal to gas/coal to liquid developers."
"Prophecy agreed to use its best efforts to bring to the power plant project equity investors, secure bank financing, and manage the equipment procurement and construction cycle."
Who would trust 800 mil to the current management?
The good news is that is they can sell more good news, I can sell my shares and make some money.
Today's volume - over 135K shares vs the usual 0 to 5 K per day.
Is this stock headed for the moon or dropping like a rock?
BAB (NASDAQ:BABB) major shareholder Jcp Investment Management, Llc sold 10,450 shares of the stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $0.76, for a total value of $7,942.00. They own 775,982 more shares.
Michael W. Evans, President and CEO of BAB is the largest shareholder - 1.9%
On June 03, 2013 he said: "effective immediately we are implementing a 19% reduction in executive compensation compared to the previous fiscal year. Our management team is taking voluntary salary reductions intended to help offset our development costs, which reflects the level of our personal commitment to the new concept, our franchisees and our stockholders."
-Total Cash Per Share (mrq): 1.00
-Total Debt (mrq): 0.00
-Book Value Per Share (mrq): 3.67
-Revenue Per Share (ttm): 0.61
-Average industry P/E 10-15
The power plant construction license was received in November 2011 and is currently held by PPG. The land use agreement was received in March 2013. In December 2012, the Company received an indicative terms and conditions issued by a major international bank for a proposed loan in favour of Prophecy Coal Corp. for the purpose of funding the development and construction of the Chandgana Power Plant Project. The proceeds of the loan will be used to finance up to 85% of the total value of the EPC contract which is to be signed between the appointed engineering, procurement and construction contractor and the borrower.
Prophecy Coal has also received a non-binding letter of intent respecting an equity investment of up to 20% in the Chandgana Power Plant Project. The letter of intent was received from a qualified EPC contractor who is on the Company’s final list of EPC bidders.
They issued 249.32M shares. If they get financing, they will probably do a 10:1 split.
The Arrangement is subject to the approval of at least two-thirds of the votes cast by Sandstorm Metals shareholders at an annual general and special meeting of Sandstorm Metals shareholders, which is expected to be held on May 27, 2014.
Upon completion of the Arrangement, Sandstorm Gold will issue to each holder of a Sandstorm Metals Share 0.178 of a common share of Sandstorm Gold (each whole common share, a "Sandstorm Gold Share") and CAD$0.35 to be paid in cash (together, with the fractional Sandstorm Gold Share, the "Consideration").
SAND's PE is OK. Your IQ is low.
Assumed price of gold as per Sandstorm: $1,300
Revenue: 50,000 ounces X $1,300=$65 mil
Revenue per share: $0.6
Profit: 50,000 ounces X $300 = $15 mil
Shares outstanding 100 mil + warrants=110 mil
Cash on hand $100 mil
Assumed P/E : 10-20