Invesco Emerging Markets Sovereign Debt ETF V.PCY

Primary Symbol: PCY

The investment seeks to track the investment results (before fees and expenses) of the DBIQ Emerging Market USD Liquid Balanced Index (the underlying index). The fund generally will invest at least 80% of its total assets in U.S. dollar-denominated government bonds from emerging market countries that comprise the underlying index. The underlying index measures potential returns of a theoretical portfolio of liquid emerging market U.S. dollar-denominated government bonds.

ARCA:PCY - Post by User

Invesco Emerging Markets Sovereign Debt ETF

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Comment by CashIsKing16on Jan 11, 2014 10:01pm

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Post# 22082052

RE:RE:Finally!

Also the recent PEA is on Chandgana NOT Ulaan Ovoo!! That PEA will be useless and meaningless unless prophecy gets the PPA from the Mn government.

FrostyFiire wrote:
Thanks for the update Bekzod. That's an asking price not a sale price. I will wait for the audited financials before believing any number.

I also think you are slightly off if you think they sold 30-50 MILLION tons increasing to 50-70 MILLION tons per month. Million? We all wish.

Did you spend anytime reading the December 19th news release? I wouldn't be referencing a PEA that is under scrutiny until it has been revised. Hell it even says don't rely on it in the press release.

In addition, the Company previously filed a technical report titled “Technical Report, Coal Resources and Preliminary Economic Assessment, Coal Mine Component, Chandgana Tal Coal Project”, dated November 30, 2012 (the “Report”). The Report was filed by the Company to support information contained in the Company’s news releases dated May 10, and November 2, 2012. At the time of filing the Report, the Company failed to file the required consents of the Qualified Persons for all of the authors of the Report contrary to the requirements of NI 43-101. In addition, the Report contained a number of deficiencies, including deficient Certificates of Qualified Persons for each of the authors of the Report, failure to include cautionary language required by NI 43-101, and included results of a Feasibility Study that were not supported by the Report. The preliminary economic assessment contained in the Report is not supported by a NI 43-101 compliant technical report, contrary to NI 43-101, and should not be relied upon until independently verified and supported by a NI 43-101 compliant technical report. In light of these deficiencies, the Company will have a revised NI 43-101 compliant technical report and preliminary economic assessment in respect of its Chandgana Tal Coal Project prepared, which the Company will file under its profile at www.sedar.com replacing the Report in its entirety.