Over one billion USD will be invested to construct a 600 MW mine-mouth power plant at the Tevshiin Gobi brown coal mine in Saintsagaan soum of Dundgobi Province, owned by Mogul Power LLC.
A plant with such a capacity can be built within three to four years according to international standards. But for Mongolia, it is doubtful that it can be to built in three years, because the construction season in Mongolia is quite short.
It appears that his dial-up connection is very slow.
Or he is.
Or he thinks the rest of the world is.
No wonder he posts the same message 49 times per day.
Long time ago there was only one NM (use to be BULK), one management and one board.
Now they have several entities and several boards.
Each board member is getting paid.
Each management is getting paid.
Add stock options.
Sell shares and borrow money.
Throw some dividend to keep share price afloat.
They make by buying and selling ships, not by moving cargo.
They claim: company expects to mine and transport approximately 30,000 to 50,000 tonnes of coal per month with 300,000 to 500,000 tonne target in 2014, at 72,500 mnt ($40 usd) per ton.
If they do, EPS wil be 0.06.
In poker the term "dead money" is used in a derogatory sense to refer to money put in the pot by players who are still legally eligible to win it, but who are unlikely to do so because they are unskilled, increasing the expected return of other players. This can also be applied to the player himself: "Let's invite John every week; he's dead money".
We unlikely to win here.
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.