RE: Coal Conference"... any news on how this event faired for PCY?"
That's hard to quantify.
In the video conference, Mr. Lee talked down the need to undertake an IPO to finance Chandgana. At the same time, however, he expressed the need to get onto other exchanges like Hong Kong. With all those investment banker leftovers from talks with the Mongolian Gov't, there was no doubt reception style mingling and behind the scenes type discussions. More importantly, any discussions undertaken were most likely Chandgana related as Ulaan Ovoo is well on its way to having final contracts signed.
I have my eyes on the Hong Kong conference toward the end of March. Rob McEwen will be attending this conference and as an adviser to PCY, he and Mr. Lee will most likely get together. With indicated management news pending per the VC, I do not know if this is operational management and or upper management related. My dream team having Mr. McEwen take a BOD position and investment via the Chandgana PP.
On a closing note, it is my understanding that Chandgana will be submitted to Mongolia very soon (if not already) for final permit consideration. Given that PCY fast tracked the necessary paper work, I'm curious if Mongolia would fast track the same (ie: response time indicated to be 60/90 days).
I have a hunch Mongolia will do just that. That is, a general complaint against them is one of being slow to make decisions. With efforts to IPO the coking coal property, I have a hunch they will move quickly on the Chandgana permits. If I were to speculate on this further, I think Mr. Lee knows this where undertaking an IPO would actually slow the process down. Hence, chase the min mega watt plant, undertake a Chandgana PP to finance the same, get listed onto the London/Mongolian Exchange and start power plant construction by year end. By then, market capitalization will qualify PCY for listing onto the HK in 2012.
But hey. Just some speculative thoughts.......