RE: RE: RE: RE: RE: MOU Signed mja, thanks for the response. I'm looking at the November presentation and don't quite understand it, as you said. Between Debt and Prophecy + PE costs, the total for just 2013 would be $267m. How the hell can Prophecy Coal afford that without significantly destroying their share structure which is already pretty horrendous?
If you could explain the likely dilution that would help. Your hope for 25% post-tax IRR is good and all, and I see it in the presentation, but the reality is that you have to wait well over 3 years for payback to begin.
What is the value do you see being unlocked in $$ terms? From where exactly? Sorry but I don't follow your post that well and if you're talking about the company being worth $150m or $200m but the company has 500m+ shares then I don't see the value. The company already has 264,759,741; if they wanted to raise $50m at today's prices they would dilute another 300m shares! It appears to me that their commitments in the next few years are far more than $50m.
Thanks again for your response. Admittedly my interest is in seeing how they'll pull this off without obliterating shareholder value, not so much in buying shares.