Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
However in the short term before news of SL1's CC sales, the stock to take several consolidation dips. That is what SGCP has done over and over again since the rise began on the 15 Oct. Rises and then retrenchment (some dramtic rises and dramtic disps).
I agree this is NOW a $1 - $2 stock. All we need is confirmation of $10+ (& hopefully more) on SL1. And really with SL2 & SL3 a case could be made for $5 imo. $100s-of-millions in carbon credits over the next 3 years and 10s-of-millions in gold and throw in some diamonds and some rice.
If SGCP receives $10+million or $20 or $40+ million in SL1 in 2010 then the company is worth $2+ on speculative price.
That means gold production begin to dramatically increase.
It means the company is insanely PROFITABLE.
And SL2 is larger than SL1 for 2011
And SL3 is larger than SL2 for 2012.
This company will be insanely profitable for the next 3 years and then add the $10s-of-millions in gold revenue starting in 2011 and we are talking riches. All imo.
Gemstone, SGCP is a multi-facetted company.
Now: 1) Carbon Credits - eventually over $100 million
2) Gold - potential is huge: $10s -of-millions
3) Diamonds
4) Agriculture/Farming
5) future: Timber
6) others - maybe building infrastructure in Sierra Leone
So what's so wrong about pumping or bashing or having an opinion inbetween?
Come this stock was languishing between $.001 to .0006 for many many months. Now it has it an amazing $.009 and went from $.0015 to .0086 in a couple of days!!! So now we have had both extremes in the stock price.
What's so wrong with people stating an opinon(s) with the intention/hope of the stock price going up or down.
What NITE is doing imo is 100x worse: they are chaning the stock price and manipulating it. (I'm assuming what has been said on this board about NITE is true.)
Interesting to see what happens to stock price with no news for probably several weeks.
Enjoy Christmas and holidays all.
Riches to all in 2010!!!
Come on World Bank give us $10 million for SL1 for poor poor poor needy Sierra Leone!!!!!!!!!!!!!!!!
(DRC received $4mil from World Bank & World Bank had another financial org buy another $4 mill (I think)).
So $10 + $10 could be $20 million for SL1. SL1 i think a bit more than 2.5x the DRC reforestation project.
Come thru for us World Bank.
SL1 received CDM cert I think in record time. Read it can take up to a year to be certed. Where will the stock price settle since we will have no news of CC or equipment until January?
I really thought this stock would hit $.01s already. I didn't realize that big sales orders would happen whenever it hits .008+.
I hope something will trigger another run to $.008+.
I figured the upward trend would continue into the penny range, but hey in early October this stock was weekly hitting $.0006.
Armor certifications & sales
Certification .. Certification.
We want news of approved certification.
I definitely agree especially in Sierra Leone. The World Bank can receive a lot of GREAT climate change publicity (like they did with the DRC project). Plus that is their mission to help the poor improve.
Plus after COP15 - approving SL1 must be the HOT project among them all - right?
FRs must have info that sales are imminent or say World Bank has boarded SL1 (in whole or part). I think World Bank board meets at the end of December. I know they are considering SL1 so word from World Bank could happen very soon. Also sounds like World Bank COULD be recepient of $100 billion annually from "rich" industrialized nations.
SL1 CC sales info could happen in January, then watch out imo.
SGCP has incredible gold opportunities, but needs money to take advantage of them. Production of gold will increase dramatically with new modern equipment and methods, but it takes money.
SL1 in the near term is the source for the money: need a buyer(s).
Should happen imo soon after COP15 and in January or February. For the 1st chunk of SL1 sold (unless we sell the entire enchilada) an amount of $4 million would be great.
Hmmm. No huge upward swing in price or volume.
The previous two caused the stock to climb above $.008++.
There is really nothing new here. No CDM Bazaar or submitted to World Bank statement. There is no doubt that COP15 will help sell the CDMs of SL1 and I am sure soon.
This volume is like the months of May - June. Very slow!
Is this a scared it might go way up and scared it might go down???
So much for high volume so far. Wow -- frozen in place.
Gold future is down this morning.
Headline on Kitco:
Gold slides 1.5 pct as Fed comments lift dollar
So do we expect Doug to say anything that we already don't know?
The gold properties
The SL1, SL2, SL3 CCs
The start of mining in January
Not that the FR won't propel this to $.009s again.
The two major recent spikes came I think when gold setting new alltime highes every week. So it probably had some "baseline" impact.
So why the huge run up this morning? Just the luck of the draw?
No trades happening! Is this it for the day?
Trading taking a breather. Tomorrow will be very interesting.
Wow volatile!
With pops to $.0086 and .0090 with last to FRs, buying at $.004s is CHEAP and profitable!!!!
At least now we know where the floor is.
We need news!
Why isn't the CC potential & resulting increase in gold production enough?
Stock will bounce back to the $.008s again, but the question is which week? This week? If we receive a FR/PR then probably.
Hank the world's richer industrialized nations are "eager" to help the poorest of the African nation. Suerra Leone is one of the poorest and carbon credits and reforestation are "hot" right now so I think there is an excellent chance for SGCP to sell portions of SL1 in January or February - hopefully the first chunck is at least $4 million. Later in 2010 SGCP could sell a much larger chunk of SL1.
Imo carbon credits is sort of like renting out apartments. SGCP has the apartment complex and is renting it out on open market. SGCP is willing to rent out 1 apartment(CDM). But would be thrilled to rent out the entire apartment complex (all of SL1).
If SGCP in January could find a buyer for say $4 million for some of their available carbon credits, that would be fantastic. Instantly the company would be very profitable for 2010 and be able buy modern gold mining equipment. And they would keep looking for buyers for the rest of their availble carbon credits in SL1 to sell in 2010.
Twiford is really outdoing himself. What 7 update PRs in two and a half months!!!
Sounds like the armor will really take off in 2010 and beyond. And worst case, the profits from armor manufacturing/alloy product manufacturing could fund gold & platinum production in 2010.
For long term investors, flippers, or even short term.
The upside potential is significant.
Bikeguy obviously you know more about the SGCP's carbon credit situation than I do.
Bottom line is SGCP is a great investment for 2010 - 2012 for shareholders!
I hope you are right and it does go to $.007. Gold is up so maybe a pop will happen.
I actually thought that $.007s would be the new floor considering the cash potential of the carbon credits and the potential of the deal going through in early 2010. But obviously the shareholders/investors disagree on what the "floor" share price is.
The gold (& diamond) potential is huge and only needs modern equipment (needs money) and methods to increase production dramatically. Another reason I thought the "floor" would be in the $.007s.
I think COP15 has the potential for changing emphasis, direction,funding and even the agreements surrounding carbon credits, CDMs, and trading of carbon credits. Its the potential that causes uncertainty. So parties maybe thinking of selling or buying would want to wait before commiting $millions.
Also Bikeguy China, India , and US who have never signed onto the Kyoto proto have corportations who want to offset carbon emissions and everyone will try to negotiate the "best" deal they can. That's why any agreement will happen after the COP15 and an assessment of the impact to carbon credits is made imo.
So the earliest a deal could happen is late January or later.
Some of the literature I read implied that the CDM registration/certification process could take over a year. How did Green Giant accomplish it within under 2 months?
Should be in $.007s!!!! and not $.004s - .005s.
Hey possibly $10s-of-millions announcement in DAYS.
And with a50-year lease, several $10million CC chunks for SL1 are possible.
Gold Gold everywhere in Sierra Leone (& diamonds).
But the company could increase production easily by 100 fold, if it could only modernize. I think easily 100x using modern mining equipment & methods.
But that takes MONEY. So SL1 CC needs to be sold at least in part - enough to purchase modern equipment. CCs could be sold anytime after the conference IMO.
Bikeguy,
Carbon credits are futures. The conference definitely can and does impact carbon credit futures (yes SGCP and any potential buyer). They are all waiting. The global warming conference is a big deal. It appears at the moment that the conference will strengthen future carbon credits and also current prices. Both in our favor for negotiations.
Don't you agree?
CCs can be sold at anytime. CCs worth $10s-of-millions.
Why isn't that enough to keep this in the $.006s to $.008?
Could happen anytime after the conference. ??????
Gold production will increase in 2010.
Okay so the big move up & heavy volume was because SGCP's CCs were CDMed and made available for futures trading on the EU market and also advertised on the UN bazaar site.
Well all that is still true and we are in discussions with interested parties (waiting for the implications of the conference).
Our CCs and be sold at any time. Anytime.