RE: Unlocking Coal Value "We know from the above information that the intention is to provide the 30% equiity financing through East Energy Development, bu selling stock to any or all of the Chinese government, private equity forms, institutional investors, and perhaps private investors or a public offering as has been previously mentioned."
Not stated and Not discussed on this board are the events and happenings with South Golbi (T.SGQ) in regards to Ivanhoe's decision to sell its equity stake to CHALCO (ie: Chinese Firm). News this morning is that the Mongolian Gov't has (or will) pull certain permits and licensing. In short, there is populist distrust of both China and Russia. With elections pending come June, a few politicians are pandering to this distrust in an effort (imo) to garnish votes. The implication(s) being serious concerns about anyone from the outside wanting to invest in Mongolia.
This situation bears watching imo because it can have consequences in regards to PCY's efforts to arrive at financing. When more time pemits, I will track down and post various write ups on the South Golbi issues.