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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.
Could happen at any time after the conference. It's really like a futures contract. What should we buy the CCs for today, considering the direction of the CCs in the next few years in the future.
Heard SGCP has 50-year lease on property and might try to sell carbon credits in as little as 7 year chunks. I guess news could come anytime after the Copenhagen conference. Many are trying to figure out the impact of the conference to the entire carbon credit demand/market.
How in the world did we have a 202million shares traded day?
Hey gold is going up again.
Have the glory days gone already?
We need a PR!
SL1 CC sales in Q1 2010 ($10 - $40 million??). Copenhagen should help drum up sales imo.
Gold & diamond production goes way up due to MACHINES (say 10x immediately almost) in later half of 2010.
Longing for the good ole days of $.008+.
Longing .. Longing for those days.
Talked with John,
He is going to look into progress with World Bank with Green Giant.
Come on another bounce to $.008+ and beyond.
Roberto did John say anything about the submital to the World Bank. I don't see SL1 in the World Bank pipeline.
Apparently this is list is updated regularly - yesterday it had 2 items but today it has only 1. The other project was funded for $4 million and came off the list.
http://web.worldbank.org/external/default/main?menuPK=367857&pagePK=141143&piPK=51055560&theSitePK=367809
SL1 doesn't seem to be in the pipeline yet at the World Bank.
Looks like we enter the pipeline in December.
Come on World Bank buy SL1 this week!
From the little I read: CDM Executive committee meets once every 2 months to consider "CDMing" submitted projects. So my guess is that has not happened yet.
IMO the best option is for World Bank using their multi-million dollar Carbon Credit Fund, to buy SL1 and they then would handle any trading of credits.
For DRC (Congo), World Bank purchased their CC project of replanting trees within 2 months of submission. SGCP submitted in 4 Nov. World Bank has indicated it wants to aid Sierra Leone with more funds/aid.
For DRC: 5 Aug 09:
World Bank to buy carbon credit from Congo project
WASHINGTON
Tue Aug 4, 2009 8:43pm EDTFactboxesCarbon trading schemes around the world
Thu, Aug 13 2009
Australia-EU carbon trade differences
Wed, Aug 12 2009Related NewsJapan power firms to buy CO2 credits; goals still afar
Wed, Aug 12 2009
New figures show India's emissions a fourth of China's
Tue, Aug 11 2009
Carbon offsets not perfect but can slash costs: CBO
Tue, Aug 4 2009WASHINGTON (Reuters) - The World Bank said on Tuesday it will buy 500,000 tons of carbon credits from a forest project replanting about 4,120 hectares destroyed by deforestation in the Democratic Republic of Congo.
Will the World Bank purchase SL1?
Hope so. It would be great publicity for SGCP.
Drifting back to $.0049.
SL1: 42,500 acres SL2: 70,000 SL3: 100,000?
2010 ...............2011 ............2012
Gold futures up to $1140s from yesterdays lows
$.008 - $.009+ is what I think SGCP should be considering the incredible upside potential in a matter of weeks!!!
And $.005 is great buying opportunity.
New update on website:Kryron Alluminum.
$millions from armor for GPGI
Gold.. Platinum production.
Congrats to all too!!! Just think in 7 weeks or maybe in 4 weeks, news could be coming of SL1 CC sales!
The stock price will shoot way up.
News in December of gold projects & update on CC (World Bank approval?).
Providing a good entry point for new investors.
Potentially $10 million in Jan 2010 and this stock is going down?
SGCP in negotiation with buyers. SGCP carbon credits are "certified" - approved by UNFCCC CDM Bazaar.
This stock could spike huge in Jan: within 7 weeks!
•Carbon credit project SL1 has been approved by the UNFCCC CDM Bazaar. The UNFCCC CDM Bazaar is a web based facility which serves as a platform for the exchange of information on CDM project opportunities (for more information on CDM Bazaar visit there web site at www.cdmbazaar.net
If SL1 sold in Jan 2010, then stock imo could spike to $.50 or even $.75 before dropping IMO. Think of it SGCP with $millions in hand for improving gold mining, farming, and planting trees.
Probably will be in just a FEW WEEKS: World Bank approval, negotiations completed with buyers, UN approval. Of course it imo will drop from the spiked price.
Stock will go to the $.10s - $.20s in 2010 (not in December 09) IMO.
$10 million in CC with a price of 15 euros/ton (or $21.45/ton) would mean at least 466,000 metric tons of carbon offset for SL1.
Anyone know the projected offset number for SL1?
I don't get it. Carbon Credits are worth more now and are increasing in value as the world economies recover.
That means SGCP SL1 is now worth a lot more and increasing!!!!
Carbon Credits on December auction was up 4x from previous auction. The world's economies are growing again - pushing out more carbon dioxide and other green house gases.
SGCP carbon credit assets are growing in monetary value. A case could be made for waiting for a higher price. Why accept $10 million when one could receive $20 million next month/quarter?
Similar to gold. If a company is pretty sure that gold will increase 50%, it may just warehouse it and sell the load at the higher price.
EPA decision makes carbon credits like SGCP (offsets) more valuable in the shorter term.