The 7/20/12 PP Presentation?
Who is the “PE Sponsor” with the 29% interest as referenced on page 24 of the Corporate Presentation of July 2012 for the 600MW Chandgana Power Plant?
Originally, I thought Prophecy was to be the 50% to 51 % owner. Does it mean that Prophecy will not have to put up funds to get a 20% interest in the Power Plant? Does it mean that Prophecy's assistance in getting the project rolling will secure it a 20% interest in the Power Plant, but be responsible for providing ~$70 million to bring in the Chaandgana Tal Mine and supply the coal? See page 27
And most importantly, will Prophecy hold control of for the future 3000MW Plants?
https://www.prophecycoal.com/pdf/PCY_Coal_Presentation.pdf
If so, things look much better than the present share price, as their will be time, even in the worst case to sell nkl.v shares ifat all necessary.