Take Profit. The way to accumulate wealth playing OTC stocks is to always exit too soon
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Hey we are not the only country that is taxed to much lol
There is plenty of gold in africa Just last year a company called Golden Star Resources which has property in southern Ghana: The Bogoso/Prestea property, Wassa property At December 31, 2008, they produced and sold 126,026 and 125,427 ounces of gold, respectively just from those properties!!!!!!
http://www.google.com/finance?q=gss
As you all know Ghana is a close neighbor to Sierra Leone!!!!
I agree I think Green Giant is one of them
Does anyone know the companys that SGCP has joint ventures with? I would like to check there websites out??
•SGCP will be updating the project, property and other pages on the website over the next couple weeks.
http://www.sierragoldcorp.com/field_reports.php
Watch for the PPS spikes coming!!
ID learn how to read and understand!!! ****with the first harvest taking place after 3-4 years***
ID they will be posted on pinksheets at the end of next quarter... Just like every other quarter!!!
Hey Check this out here is a company with property close to SGCP's seirra leone... They found and sold about 250,000 OZ's of gold in 2008. Just to give people an idea
http://www.gsr.com/Operations/WestAfrican.asp
WOW! BIG BUY!
Theres buys at .0018, .0019 going through!!!
How many companys out there have this opportunity??
It doesnt matter which revenue is better cause they have both coming! LOL.
Well thats my point about the CC's....
I have no idea what they would get per oz of gold but Lets say Sierra gets 800-900 usd at todays spot!... 8 figures min. is 10,000,000 for the proposed CC project... 10,000,000/ 800= 12,500. 8 Figures is like Sierra finding 12,500 oz of gold!!!!!!!!
Now i understand a portion of the CC money will go back to the community.. How Much? Is a good question
But if there was gold extraction u have to pay overhead!! So which revenue is better????
I wonder how long till a big institution gets a hold of this stock and we really see a pps spike... This company has so much going for it
Round of applause for SGCP!!! They are set up so nice! This stock is going high All those pics on the wedsite shows they know the community all the pices are falling into place!!!
Thank You awhitefish!! nice work
Most of the revenue will come from the timber harvest that might take maybe 10 years... But thats 10years of income. I think right now the are focused on gettin just a small protion fast so it will be a productive minning season there
Rome wasnt built in a day
60 billion in carbon credits for 2008.... SGCP's 8 figure number is PEANUTS... But huge to SGCP
The CC's money's will only be avilable for the projects on the 42,500 acres of Sierra Leone... I dont believe the money can be used anywhere else
Farmers land doesnt have 10 villiages and 3500 people on it, that need jobs and a better standard of living... Its all about how the audits of the proposed projects go!! IMO: since SGCP's projects will have a huge impact on the community i believe money will come plentyful and fast...
ID keep posting i love proving u wrong....
•Process of forward selling Carbon Credit Project has begun
Thats from the FR... So does that mean they are already in the process of sellin the credits and if so how long does it take
Sierra Gold Announces Signing of Carbon Credit Contract to Create Funding for Its Operations in Sierra Leone
Thats where it might come from... It all depends on how the audits of the projects go. Hopefully its all good
I agree with u all this is how smart investing is done u disect and pick and pick the company/stock...
Where is the funding coming from for this minning season??
JPMorgan isn't alone. All the big global investment banks - including Barclay's (BCS), Citigroup (C, Fortune 500), Goldman Sachs (GS, Fortune 500), and Merrill Lynch (MER, Fortune 500) - are hurrying into carbon finance. Point Carbon, a consulting firm, says the global carbon markets generated $59 billion in revenues in the first half of 2008 - almost as much as the markets did in all of 2007.
http://money.cnn.com/2008/08/11/technology/jpmorgan_carbon.fortune/index.htm
“The U.S. appetite for carbon trading is strong CCX is now trading 3,000 to 5,000 contracts per day, with 20 percent of the largest carbon dioxide-emitting utilities in the U.S. participating; 11 percent of the Fortune 500 companies; and 17 percent of the Dow Jones Industrials companies.”
A recent Congressional Budget Office study projected that carbon offsets could be a $60 billion market in 2012, on a par with U.S. corn and wheat markets, and “as it grows beyond that, it will make forestry mitigation opportunities more important,” says Jeffrey O’Hara, senior economist, Chicago Climate Exchange (CCX).
http://wattsupwiththat.com/2009/09/09/market-confidence-low-carbon-credits-now-worth-25-cents-were-at-7-dollars-in-2008/
ID!! Green Gaint Venture Fund/ World Bank pays for the projects to start! Nothing comes out of SGCP pocket for the projects!!
And to the company that took 10 years to get carbon credits.... I just have one guestion... I wasnt investing 10 years ago were Carbon Credits as popular as they are now? Did lots of companys including big banks like JP morgan get involved in them?
I remember reading an artical about how they have been making the process a lot faster for these CC's im tryin to find it.... And i believe they will have some money to help support this coming minning season. IMO
ID the best place to find quarterly reports is
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=sgcp
And Yes they are current! As of JUN 30 2009!!! They have to be for CC's program
Gold will come next year... And most people think Gold will be just as high or higher for the next 6 months!! Right now they are working on funding from the CC's! And if they dont need to take out a loan they are already a step ahead!! The gold will start flowing!!!! Once they have money!!
There is no problem with the CC's.... The reason why that property is worth so much is:
1. It will be used for a very long time for the CC's program. So SGCP cant use it unless its for the project only...
2. This is from http://greengiantventurefund.com/about_us
The project will benefice more than 10 villages and 3500 people in annexes of this community and is conceived using easy-to-replicate technologies and promoting the intensive use of local labor, assuring that the biggest part of the benefits will remain in the community
**Thats another reason the property is worth so much... Its gonna help create jobs!!!! Bring better standard of living to all those prople in the pics with no shoes!!! lol... But very smart of doug to put those pics up it shows they are involved with the community which would help the CC's!! This company is smart
Just wanted to clear that up for u ID.... Good luck all