RE: RE: RE: MOU Signed On what terms? Is PCY responsible for 15% of the cost of the Chandgana PP or is it responsible for 25% of the cost? When does it have to raise the money? What are the terms of the deal? Ownership of the deal? These are all HIGHLY HIGHLY relative to the deal at hand and could make this a $.05 stock or a $.20 stock...but without those details this PR is lacking extremely pertinent information. Hell, the company didn't even announce who the MOU was signed with.
If a company raises money but doesn't tell you the terms of that raise is that good just because they raised money?! Of course it's not. Just because a company moves forward does not mean that it will reward shareholders. Did the $10m the company borrowed at 14% to buy another non-operating coal mine make sense to you? It was a horrible deal for a company that will be on the hook for a significantly larger amount in the near term when Chandgana needs to be funded.
Please address these issues. I'm perfectly willing to change my mind but the lack of details in this PR reeks of fluff. Thanks for not being a child like some other posters. I still have an interest in this company, although more so in Prophecy Platinum upon which the finances of Prophecy Coal have a direct effect.