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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!!!!!!!!
Everyone stop breathing: EPA to say carbon dioxide bad for human health. Everyone stop breathing.
WASHINGTON - The U.S. Environmental Protection Agency will early next week, possibly as soon as Monday, officially declare carbon dioxide a public danger, a trigger that could mean regulation for emitters across the economy, according to several people close to the matter
Wow GOLD has recovered!!!!
Actually Melt, this is a pretty influential board.
From the little I've seen, it can cause the stock definitely to go up. Not so sure of it going down.
IMO we need some revenue coming in from carbon credits to break $penny. I saw quarterly auctions so would be sometime in late December. If it happens more often why have we not heard anything yet?
Oh for the glory days of 202million shares traded!
Oh for the glory days ....
Gold price primary predictor of stock price movement
Other than a new PR or field report.
30 years of trying and 5 years and $3.2 million of this retirement future later: Twiford and we GPGI shareholders are on the verge of great success. I wish Twiford GREAT riches for his 30 years of effort. The last 5 months have been miraculous: from ashes to crowning success. 2010 and 2011 will most likely be amazing years compared to the previous 30. IMO.
If GPGI hits $.07, then up over 60x this year alone!!!
(.0011 -> $.07: almost 64x)
If anyone reads this board, lets get some discussion going.
Come on. From Jan 09 ($.0011 to $.039) to 3 Dec the stock has seen a 35+-fold increase in stock price. And I believe the momentum is BUILDING and word slowly spreading by word-of-mouth.
2010 could be the year that GPGI returns back to the $dollars.
Gold price definitely affects SGCP!
Will GPGI be the next "gold" company to explode upward?
Oops GPGI hits $.039 (wishful thinking or is it a prediction?)
GPGI hits $.39 already!! Was $.018 just days ago.
Word is getting out about the potential for $millions in 2010!!
US dollar is now perceived stronger since the jobs data indicates US is coming out of recession and GROWING its economy again.
Stronger dollar -> drop in gold price.
here's what our 1 year looks like:
http://www.bloomberg.com/apps/cbuilder?ticker1=SGCP%3AUS
Back to the $.006s. Oh well no penny stock today either.
Trading has come to a screeching halt.
2 cents today: if wall street explodes???
Imo today we break the 1 cent barrier!
Carbon credits: potentially $100s-of-millions over several years
Gold dramatically increasing over several years:$10s-of-millions
Farming
Diamonds - how about a handful of 10 carat diamonds anyone
Timber
Thanks Bikeguy! I will read & digest it
What is the potential of gold quartz vein? Is it considered like potentially 200,000 oz?
Hey they felled many of the mighty forests along the Missouri & Mississippi & Ohio with large saws and human and animal muscle.
But this is the 21st Century, why do that when a backhole is much easier.
Another major RUN coming today to close above $.01?
Possible???
the RUN was nice while it lasted. Hopefully settles in the $.008s
Thanks Woody!!! alot.
I see bid higher than ask: very C0000000L
Remember Twiford basically spent $3.2 million of his retirement future by selling the 200+ acres. I think he is wholly invested in bring the Twiford process to fruition. I mean over $3 million! Most people won't ever see that much money.
And the company was near bankrupt earlier this year (I'm speculating on this part).
$.007: now that's talking. Soon to $.008?
News is the same today as Friday, Monday. So what caused the 202 million share day? Anyone with ideas.
Resistance is futile: $.0060 Resistance is futile.
$200K * 20x (using modern equipment:front loaders,etc) = $4 million plus throw in some nice 5 carat yellow diamonds and wahla.