Ann: Moten Power Update , page-46

Apologies to all, I think I may have made a mistake with my numbers before:

To fire up a 30MW project, I had EHR down as requiring 134m. On reflection it seems it may cost half of that (because the 134m amount is for the first two stages, each 30MW )so the Sokoria project could need 80m for 30MW as a rough estimate (bit less advanced than EHR's, estimate 20% more costs to get to production).

So we've heard PT Bakrie say they've 'allocated' 90-100 million for Sokoria, haven't we? Then there is Molten, stalling on their 10m, and PAX has at least 10 or 20 bucks cash in the bank, lol, plus the Molten million if it comes in, so...I'm really not sure how that all fits in.

Ok, I've reviewed the info, my understanding is it looks like this:

Sokoria could cost 80-90m ? to get to 30MW (only my estimate based on EHR's 30MW project)

Molten pays first 10m (hopefully)

PT BAkrie owns 55%, will pay equity share (approx 45m)

PAX and Molten need to find 35m more between them.

Still doesn't explain the 90-100m that PT Bakrie have 'allocated.' Maybe my estimate is way low or they are thinking of a second stage...?

Please feel free to punch holes in my thinking. Still not a holder, wavering between 'buy while cheap' and 'wait and see re: Molten money.' I have held before and followed for a few years now (though not on HC til recently).