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Weather is sunny in Sierra Leone: should be mining away right?
What no 60 million shares traded like Christmas Eve?
I still say best near term bet for SGCP & CC money ($6 - $10 million) is the World Bank. This is their charter to help poor countries like Sierra Leone with projects to improve their standarad of living and economy.
Could 2010 be the year when GPGI explodes?
Twiford says stock could reach $1 in 2010!
2009 has been a nice UP in stock price year from $.0011 to $.04.
Should be profitable in gold production imo this year even without the CC funds. A new dredge and most importantly an expert to train its uses and new gold properties with easier to retrieve access. I think they need to double gold production to 140 oz/month.
botmore,
I think they later include the $135,000.00
as debt. I must be like a upfront loan so it is zero sum.
Imo bottom line: we need news of $3million in CC sales (after COP15 and Sierra Leone being one of the poorest African countries): could happen in January - World Bank or some EU company.
Without CC sales, SGCP is still a money losing enterprise. So a CC sale of at least $3 million is essential for modernizing the gold mining operationss. Yes SL1 may be worth $100 million, but its only worth something if a buyer is found. SGCP must have a 1st sale of $3 million and then continue to negotiate for other sales of CCs from SL1. But the 1st sale is critical.
Imo the gold potential is enormous and easily worth $10s-of-millions per year, but it will take modern equipment and modern mining techniques ($MONEY).
Tosca, I join others in saying thanks for finding the info on SL1!
I wonder why the company only said 8 figures.
It looks like 9 figures to me - so why the disconnect?
Up almost 39x this year - not bad!!!!
Now $.042!! & almost 300,000 shares traded.
Someone(s) is accumulating big time.
65cuda, then why is the price now @ $.0044? A mistake?
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!