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.
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.
So SGCP carbon credits are "certified" & would fetch higher price:
From wikipedia:
This is reflected in their price; voluntary units typically have less value than the units sold through the rigorously-validated Clean Development Mechanism[1].
...
The Clean Development Mechanism (CDM) is an arrangement under the Kyoto Protocol allowing industrialised countries with a greenhouse gas reduction commitment (called Annex 1 countries) to invest in ventures that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries. A crucial feature of an approved CDM carbon project is that it has established that the planned reductions would not occur without the additional incentive provided by emission reductions credits, a concept known as "additionality".
The CDM allows net global greenhouse gas emissions to be reduced at a much lower global cost by financing emissions reduction projects in developing countries where costs are lower than in industrialized countries. However, in recent years, criticism against the mechanism has increased.
The CDM is supervised by the CDM Executive Board (CDM EB) and is under the guidance of the Conference of the Parties (COP/MOP) of the United Nations Framework Convention on Climate Change (UNFCCC).
...
Kyoto's 'Flexible mechanisms'
A credit can be an emissions allowance which was originally allocated or auctioned by the national administrators of a cap-and-trade program, or it can be an offset of emissions. Such offsetting and mitigating activities can occur in any developing country which has ratified the Kyoto Protocol, and has a national agreement in place to validate its carbon project through one of the UNFCCC's approved mechanisms. Once approved, these units are termed Certified Emission Reductions, or CERs. The Protocol allows these projects to be constructed and credited in advance of the Kyoto trading period.
Carbon Credit sales as for December. Saw this in a newletter.
----
Last Friday, carbon hit its highest level since four months as rising oil prices drove sentiment, with fuel-switch
economics contributing to the upward movement. The December 2009 contract closed the day at €15.55 up €1.15
from the previous week, while the December 2009 UN-backed certificates closed at €12.55, up €1.05. Meanwhile,
discussions about the successor agreement to the Kyoto Protocol continued, with the U.S. recommending specific
targets for countries such as China and India after 2012. China seems more ready to abandon its resistance to
limits on its carbon emissions and wants to reach an international deal to fight global warming. Last week, the
country emphasized the importance of improving energy efficiency under the U.N.’s new deal. Also last week,
UNEP Risoe cut its forecasts for issued CERs by 4% with respect to its previous forecast, though the agency noted
an increase in the number of CDM projects in the pipeline over the past two months.
FollowingOZ, I'm nervous now since I don't know that much about carbon credits. I think they have quarterly auctions. If so then an auction in late/end December. I would expect "approval" by World Bank in January & word of CC sales soon thereafter. JMO.
Someonelse here must know the ins-and-outs of the carbon credit market.
It ALL depends on the carbon credits coming thru and providing $millions to SGCP. If the carbon credits & $millions don't happen then this stock goes back to before and dilution of stock probably is the only revenue source or improvements
To have a viable gold company, the carbon credits must come through. To me it seems like almost a sure bet. The world is eager to financially help Sierra Leone: World Bank, China, Tony Blair and others.
Essentially SGCP makes 50 years of gold revenue all in 2010 due to carbon credits. And they have lined others up for 2011 and 2012.
Confirmation will be when news of the future sales is announced. The EPA decision today is a big plus for the carbon credits.
Tens-of-millions in 2010 in carbon credits.
Dramatic increase in gold/diamond production in 2011.
Even with those facts investors can still play "pump & dump" stategies. We've seen it over the last 7 weeks. It seems to work because 2010 & money for carbon credits is still future.
What's happened to $billions in carbon credits over the years?
And SL1 worth $10 - $99 million.
And SL2 being twice SL1
And Doug now working on SL3!!
Worth $Billions over the years
and probably over $10 million in 2010
Norton, Gold in now in the GREEN. Its now UP.
Could force major US utilities, US manufactures using gas/oil/coal to cap and trade for carbon credits like SGCP's almost overnight! Potentially great news for us.
However VERY GOOD for SGCP/Sierra Leone/GGV carbon credit program!!!!!!!!