Diskussion zu Silver Elephant Mining Corp, ehemals Prophecy Development Corp. (Seite 2334)

[oesi0815]

Antwort auf Beitrag Nr.: 44.598.579 von speedlimiter am 09.05.13 12:11:51

coole aktion,

ca 1/4 von prophecy coal um ca 8 mio inklusive verwässerung auf fast die doppelte aktienanzahl


lg

[Pieselwitz]

Antwort auf Beitrag Nr.: 44.598.579 von speedlimiter am 09.05.13 12:11:51

Genau diese Meldung spiegelt das ganze Mißtrauen der Investoren gegenüber Prophecy Coal wieder. Noch nicht einmal 10% der angebotenen Aktien wurden von den Investoren gezeichnet, eben weil sie kein Vertrauen mehr in die Aktivitäten und Vorrstand von Prophecy Coal haben.

Ich sehe sehr deutlich, dass sich die Schlinge um PCY immer enger zieht und sich dieses Unternehmen in akuter Gefahr befindet.

LG Pieselwitz

[speedlimiter]

Prophecy Closes First Tranche of Private Placement
download as a pdf file

Vancouver, British Columbia, April 16, 2013: Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) announced that it has closed the first tranche of the non-brokered private placement (the “Private Placement”) announced on February 7, 2013. The first tranche of the Private Placement raised gross proceeds of $613,560 through the issuance of 4,382,571 units (each a “Unit”) of the Company, of which each Unit consists of one common share (a “Share”) and 0.75 common share purchase warrant (a “Warrant”), at a purchase price of $0.14 per Unit. Each whole Warrant is exercisable into one common share of Prophecy at a price of $0.18, expiring two years from the date of issue. Finder’s fees of 6% were paid in connection with a portion of the first tranche of the Private Placement. The foregoing Shares, Warrants and any shares issued upon the exercise of the Warrants are subject to a hold period which expires August 12, 2013.

The Private Placement involves the issuance of up to 60 million Units for gross proceeds of $8.4 million. In its February 7, 2013, news release, the Company announced that NewMargin Prophecy Coal Ltd. (“NewMargin”) had subscribed for 40 million Units in the Private Placement. The Company continues to work towards the completion of the NewMargin portion of the Private Placement, and will provide further updates in due course.
TSX policy requires shareholder approval for (a) the acquisition by NewMargin of over 20% of the Company’s issued and outstanding Shares, and (b) for the Private Placement generally, as it will involve the issuance of more than 25% of the Company’s issued and outstanding Shares, in each case after giving effect to the exercise of the Warrants. At the closings of further tranches of the Private Placement, the Company intends to issue a combination of Units and special warrants (“Special Warrants”) to stay below each of these thresholds. Each Special Warrant will be automatically exercised for one Unit without payment of additional consideration following receipt of shareholder approval, which the Company will seek at its next annual general meeting in June 2013. If such approval is not obtained, the Special Warrants will be cancelled and the portion of the Placement proceeds which relates to their sale will be returned to the subscribers.

The proceeds of the Placement will be used for the Chandgana power plant project and for general working purposes.

About Prophecy’s Power Plant Project
Prophecy Coal Corp. is a Canadian TSX listed company engaged in developing coal properties and an energy project in Mongolia. The Company’s wholly-owned subsidiary, Prophecy Power Generation LLC, is advancing plans for the proposed 600 MW coal mine-mouth Chandgana power plant located in central Khentii Province in east-central Mongolia, which has been permitted by the Mongolian government. Chandgana Coal LLC, a wholly-owned Mongolian subsidiary of Prophecy Coal Corp, controls a significant coal asset located adjacent to the site of the proposed Chandgana power plant, which includes the two Chandgana Tal mining licenses containing 124 million tonnes of measured resource with an average strip ratio of 0.7 to 1, and the Khavtgai Uul license containing 509 million tonnes measured and 539 million tonnes indicated resource with a strip ratio of 2.2 to 1. Chandgana Coal LLC could potentially supply 3.5 million tonnes of coal per year for 25 years to the Chandgana power plant. Prophecy cautions that mineral resources that are not mineral reserves, do not have demonstrated economic viability, that the Chandgana project is located in Mongolia, and that its successful development is subject to a variety of risks, including substantial capital requirements. Readers are encouraged to refer to the risk factors disclosed in Prophecy’s most recent annual information form and MD&A, both of which are available at www.sedar.com, and to the caution regarding forward-looking statements below.
Further information on Prophecy and its projects can be found at www.prophecycoal.com.

Qualified Person
Mr. Christopher Kravits, LPG, CPG, is a qualified person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Kravits is not considered independent of Prophecy Coal given the large extent that his professional time is dedicated solely to, and his position as Manager of Mining with, Prophecy Coal Corp. Mr. Kravits has reviewed and approved the technical and scientific disclosure within this news release.

ON BEHALF OF THE BOARD OF PROPHECY COAL CORP.
“JOHN LEE”
John Lee
Executive Chairman
For further information about Prophecy, please contact

Charmaine Chan
Corporate Secretary (Vancouver, Canada)
1-800-459-5583
[e-mail]
Bekzod Kasimov
Manager, Business Development (Mongolia)
+976 – 11 327556
[e-mail]
*Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as “believes”, “could”, “potentially”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Prophecy’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These estimates and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies, many of which, with respect to future events, are subject to change and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by Prophecy. In making the forward-looking statements in this news release, Prophecy has made several assumptions that it believes are appropriate, including, but not limited to assumptions that: all required third party contractual, regulatory and governmental approvals will be obtained for the development, construction and production of Prophecy’s properties and the Chandgana Power Plant; there being no significant disruptions affecting operations, whether due to labour disruptions; currency exchange rates being approximately consistent with current levels; certain price assumptions for coal, prices for and availability of fuel, parts and equipment and other key supplies remain consistent with current levels; production forecasts meeting expectations, the accuracy of Prophecy’s current mineral resource estimates; labour and materials costs increasing on a basis consistent with Prophecy’s current expectations; and that any additional required financing will be available on reasonable terms. Prophecy cannot assure you that any of these assumptions will prove to be correct.
In light of the risks and uncertainties inherent in all forward-looking statements, the inclusion or incorporation by reference of forward-looking statements in this news release should not be considered as a representation by Prophecy or any other person that Prophecy’s objectives or plans will be achieved. Forward-looking statements in this news release include, without limitation, statements regarding the permitting, feasibility, plans for development and production of Prophecy’s Chandgana Power Plant, including finalizing of any power purchase agreement; the likelihood of securing project financing; estimated future coal production at the Chandgana coal mineral properties; and other information concerning possible or assumed future results of operations of Prophecy. Numerous factors could cause the Prophecy’s actual results to differ materially from those expressed or implied in the forward looking statements, including the following risks and uncertainties, which are discussed in greater detail under the heading “Risk Factors” in Prophecy’s most recent Management Discussion and Analysis and Annual Information Form as filed on SEDAR and posted on Prophecy’s website www.prophecycoal.com: Prophecy’s history of net losses and lack of foreseeable cash flow; exploration, development and production risks, including risks related to the development of Prophecy’s coal properties; Prophecy not having a history of profitable mineral production; the uncertainty of mineral resource and mineral reserve estimates; the capital and operating costs required to bring Prophecy’s projects into production and the resulting economic returns from its projects; foreign operations and political conditions, including the legal and political risks of operating in Mongolia, which is a developing jurisdiction; the availability and timeliness of various government approvals and licenses; the feasibility, funding and development of the Chandgana Power Plant; title to the Prophecy’s mineral properties; environmental risks; the competitive nature of the mining business; lack of infrastructure; Prophecy’s reliance on key personnel; uninsured risks; commodity price fluctuations; reliance on contractors; Prophecy’s need for substantial additional funding and the risk of not securing such funding on reasonable terms or at all; foreign exchange risks; anti-corruption legislation; recent global financial conditions; the payment of dividends; and conflicts of interest.
These factors should be considered carefully, and readers should not place undue reliance on the Prophecy’s forward-looking statements. Prophecy believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Prophecy has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
Quelle:

http://www.prophecycoal.com/prophecy-closes-first-tranche-of…

[speedlimiter]

Zitat von speedlimiter:

Zitat von hagadi: Wieso hab ich nur das Gefühl das es nicht jedem bewußt ist, welch Potential in der Mongolei gerade in den gewaltigen Oberflächenkohlevorkommen und deren Vermarktung jeglicher Art und Weise steckt. Also noch mal eine
Übersicht in dieser Sache.

http://www.prophecycoal.com/crucial-coal-powering-mongolias-…

Crucial Coal: Powering Mongolia’s future

Electricity demand in Mongolia- major driver from world-class mineral deposits

The dramatic and continuing rise in Mongolia’s energy demand is being driven by the rapid development of the country’s mining based economy. During the period of 2007‐2011, electricity consumption in Mongolia increased on an average 6% per year. However, the Ministry of Mineral Resource of Mongolia estimates that overall electricity demand is expected to grow at 14% in the future. Major international mining firms have become involved in developing Mongolia’s over-abundance of resources, including 15 world-class strategic mineral deposits with an estimate resource value of over $1.2 trillion. Projects of this magnitude require vast quantities of power from reliable sources.

Figure1. Typical strategic deposits in Mongolia



Source: Mongolia stock exchange
Southern Mongolia- Richly endowed with Natural Resources but lacking power

The South Gobi region, in south of Mongolia, is currently isolated from the Central energy system. The mines of South Gobi that are in operation must, therefore, supply their own electricity. Power demand in that region is expected to grow rapidly as a result of both the existing and new mining developments. The two biggest current players in South Gobi are:

Oyu Tolgoi (OT) – a world-class gold and copper mine being developed by Ivanhoe Mines. The deposit is estimated to hold over 35 million tonnes of copper and 1,275 tonnes of gold, according to European Bank for Reconstruction and Development. OT is poised to generate $61 billion over 27 years, according to the Mongolia Stock Exchange.
Tavan Tolgoi (TT) – the largest undeveloped coal deposit in the world. TT is estimated to hold reserves of over 6 billion tonnes of coal, according to European Bank for Reconstruction and Development. The Mongolia Stock Exchange estimates that TT will be operable for 200+ years, with an annual return of $1.6 billion for the first 29 years.
A presentation by the Ministry of Mineral Resources and Energy of Mongolia forecasts total demand from major customers in the South Gobi region of around 870MW to 1130MW.

Figure 2. Forecast electricity demand from the major South Gobi mines


Source: Ministry of Mineral Resources and Energy of Mongolia



Power supply in Mongolia- dominated by Central Energy System (CES)

The power system of Mongolia consists of the three unconnected energy systems (the Central, Western and Eastern Energy Systems), diesel generators and heat-only boilers in off-grid areas. In total, 91% of the country’s electricity is produced by the Central Energy System and 96% of the electricity demand of the country is met by the CES.

Figure 3. Map of Mongolia power systems



Source: Energy Regulatory Authority of Mongolia
The Electricity and heat is supplied by five combined heat and power (CHP) plants. The limited installed capacity of these existing power plants results in an ongoing and increasing energy deficit which is currently being offset by costly and unreliable electricity imports from Russia.

Figure 4. Electricity supply breakdown and demand


Source: Energy Regulatory Authority of Mongolia, Eurasia Capital-INFRASTRUCTURE IN MONGOLIA April 2009

Coal fired power plants- Critical to Mongolia energy system

As the primary source of energy for Mongolia, the coal industry is critical to the operation of Mongolia’s energy system. According to the Ministry of Mineral Resource and Energy of Mongolia, Mongolia’s electricity-generation capacity is comprised of 7 thermal power plants, 13 hydroelectric power plants, several hundred diesel generators, 20 wind power plants and 1 solar power plant. Of these sources, the overwhelming supply of electricity comes from coal-fired plants, which generate approximately 80% of the country’s power.

Figure 5. Electricity generated by source in Mongolia


Source: Mongolia national renewable energy program

There are five major thermal power plants (TPP) in the Central Energy System (CES). The current installed power capacity for coal fired power plants in Mongolia is 814 MW, but only 646 MW is available because of aging power plants, with most being over 30 years old. Because of age and deterioration, the TPP #2 is expected to retire in 2012 and the TPP #3 is expected to retire in 2016. Because Mongolia’s capital, Ulaanbaatar, relies so heavily on these plants and lacks any replacement power source, they have to be kept in operation well past their lifespan.

Figure 6. Current coal fired power plants in CES



Source: Energy Regulatory Authority (2007), Eurasia Capital.

The aging of the existing power plant infrastructure results in energy inefficiency and electricity loss due to 1) lower actual available power capacity and load factors and 2) Higher self-electricity consumption in power plants. The Mongolian government acknowledges this as a major issue and aims to reduce the whole system loss of the CES but the electricity loss remains a significant area of concern that will need to be addressed.

Figure 7. Total system electricity loss in CES


Source: Energy Regulatory Authority of Mongolia-2010 annual report

Due to government regulated low electricity and heat tariffs, energy producers and thermal coal suppliers were historically unable to operate profitably. Companies operated with support by international loans and grants, and state budget subsidies. In late 2010, the parliament of Mongolia approved step by step liberalization of energy tariffs. The sector is planned to operate based on market principals beginning in 2014. Electricity tariffs are expected to increased to ease the operating pressure of power suppliers due to: 1) the increase of retail tariffs lagging behind the CPI and 2) wholesale tariffs increasing to maintain service level 3) licensees facing cost pressure from increasing input prices.

Figure 8: Retail Tariff Vs. CPI


Source: ERA annual report 2009, 2010 and Website, World bank-Mongolia Quarterly Economic Update Aug 2011

Potential sources of power

1. Renewable energy- challenge for the ambitious plan

Currently, renewable energy (hydro, solar and wind) only represents about 4% of Mongolia’s total electricity generating capacity. In the most remote areas, because of low demand and lack of other energy sources, use of renewable energies is viable. The Mongolian government passed the Renewable Energy Program in 2005, mandating that green energy sources account for 20-25 percent of Mongolia’s needs by 2020. Solar photovoltaic and wind power have potential in Mongolia, given the country’s vast steppes and ample wind.

Figure 9: Mongolia renewable energy program forecast



Source: Energy Authority of Mongolia
Modern solar cells are lightweight and portable enough to mesh well with a lifestyle involving frequent travel. Because of that, in Mongolia, solar energy use has mainly focused on decentralized individual solar home electricity systems, which but would also be suitable for larger scale solar energy applications.
In terms of wind power, one Mongolian company, Newcom Group, will start construction of the first sizeable wind power plant in Mongolia, with an installed capacity of 50MW.

Figure 10: Renewable power plant in remote area during 2006-2008



Source: Energy authority of Mongolia

While a laudable goal, the practical reality of implementing such an ambitious renewable energy plan, particularly for wind power plants, is rife with significant obstacles. According to the Energy Authority of Mongolia, real-world problems include: 1) frequent performance problems; 2) a shortage of the government financing needed to acquire high quality small wind turbines; 3) contract-awarded inexperienced national companies had financial loss due to repetitive repair.

2. Diesel generators – unstable diesel supply and high cost

Diesel generators are popular in remote areas with no connection to the grid. In the South Gobi region, the Tavan Tolgoi mine is building a 20MW diesel power plant as a temporary electricity solution. Two major problems need to be solved for diesel power plants to be viable long-term:

1) The unstable supply of diesel.

Mongolia sources over 90 percent of its fuel from Russia. These imports are unstable as Russia may suddenly curtail it fuel exports as it has done in the past. This has the corollary effect of driving up domestic prices.
2) The high operating cost for using diesel to generate power.

Because Mongolia is forced to import diesel to offset its domestic energy needs, the selling in that country is higher than China, Kazakhstan and Russia. This also places Mongolia in a vulnerable position with respect to import tariffs. In May 2011, Mongolia experienced a severe fuel crisis as Russia raised duties on fuel exports by over 40 percent. Such actions particularly affect mining, agriculture and construction because these sectors have only a short operational season before the onset of winter.

Figure 11. Prices of gasoline and diesel in June 2011



Source: Mongolia Quarterly Economic Update-2011 Aug

3. New coal-fired power plant – the ideal for powering Mongolia’s future.

Although alternative energy sources will continue to be developed, until technology and efficiency dramatically improve, the solution to Mongolia’s energy crisis lies in coal. The country has total coal reserves estimated at 150 billion metric tons, and three major coal fired power plants are planned to be built in order to meet the growing demand.

Standing out among these projects is Prophecy Coal Corp’s 600 mega-watt Changdana thermal coal power plant. The first sizeable new power plant in Mongolia in decades, the Chandgana project is fully-licensed and endorsed by the government. Construction is expected to commence in the second quarter of 2013, with power on anticipated for Q4 of 2015. The Prophecy project is in the advanced stages as compared to the other proposed projects, with the company looking to finalize a power purchase agreement with the Mongolian government in the coming months.

Figure 12. Major Coal fired Power Plants in progress



Source: The world bank-Mongloa: Power Sector Development and South Gobi Development, Prophecy Coal Corp company presentation

Conclusion

The leaders and people of that Mongolia have long-recognized its potential as a modern, booming economy and international firms continue to embrace it as evidenced by massive and increasing foreign investment. With this expansion, Mongolia’s critical energy shortages are expected to become more and more pronounced as new draws strain the existing supply and further increase reliance on costly and unstable imports. To sustain its impressive development, it is vital that the Mongolian government address the energy situation by utilizing their abundant coal resources and that they do so in the most efficient, modern and clean facilities technology has developed.

nochmal zum mitlesen

[Pieselwitz]

Antwort auf Beitrag Nr.: 44.598.125 von oesi0815 am 09.05.13 11:15:49

Die finanzielle Situation von Prophecy Coal ist bedrohlicher, als das uns das hier von Usern wie likeshares und sebaldo geschildert wird. Das wundert mich allerdings nicht, für mich sind das "Schönschreiber", entgegen der tatsächlich schlechten Situation, in der sich PCY befindet.

Aber genau diese User waren es ja, die schon bei 0,50 Euro zu Nachkäufen geraten haben. Es war schon damals die falsche Entscheidung!

LG Pieselwitz

[oesi0815]

Management has determined that the Company will be able to continue as a going concern for
the foreseeable future and realize its assets and discharge its liabilities and commitments in the
normal course of business, and therefore, these annual audited consolidated financial statements
for the year ended December 31, 2012 (the “Annual Financial Statements”) have been prepared
on a going concern basis and do not reflect any adjustments that maybe necessary if the
Company is unable to continue as a going concern.

[oesi0815]

Working capital amounted to $0.1 million at December 31,
2012

[oesi0815]

Cash and cash equivalents $ 768,831 $

[oesi0815]

Loans payable 19 9,392,170

[oesi0815]

Net Loss for Year (9,773,768) 2011
Net Loss for Year (61,389,108) 2012