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Over what time frame 20 years or more!!
and at what value of each CC?
ID
But the PROJECT has to START first>
I would not give anyone money ahead before it was started would you??
ID
Generally if carbons are traded and valued,
they are given more in USA and CANADA than in AFRICA!
ID
Not saying it was only people are pushing this CC program way to hard!!
ID
Do you know how many acres this is??
he oversees a mind-boggling 8,100 hectares of farmland
Sounds like thousands!!
For $100,000.00
NOT MILLIONS OF DOLLARS!!
ID
Yes but are any buying YET!!
That is what someone says they are worth!!
Just like you say this stock is worth$1.00
I might say it is only worth $0.01
ID
They only get the Credits and only when project starts!!
when ever that is!
ID
Exactly does not go to SGCP, that is what I have been saying!!
ID
PROVE ME wrong then!
I am open to criticism any time!
Farmers have been with this CC program for years !!
No money yet!!
The only ones who have so far are the advertizers!
ID
The conclusion is that this carbon credits only come available to sell when the project starts and the cash is in place!!
Does not intially go to company until it is started and then carbons are sold or traded when it starts!!
People get the impression that the money goes to company and not the project!!
They only get the carbons to SELL or TRADE!
NOT the cash!
ID
Notice today the price avgerage is UP!!
Most bashers have been saying it should go down wonder why the increase, especially on a FRIDAY!!
ID
NERLAND(LOL) said Nov 12 or 19, 2009 here is hoping!!
ID
But only 35 out 1300 projects were given a green light over 3 years!
ID
Patch he did not say it was true either then!!
"I also raised this issue up with Cain and he did not deny it."
ID
Who pays for the PROJECT to start!!
Posted by: ID Supermoney Date: Friday, November 06, 2009 12:36:36 AM
In reply to: the cork who wrote msg# 15271 Post # of 15294 [Send a link via email]
Who pays for the project ??
Africa: 1
Aforestation project of 42,500 acres in Sierra Leone
Aforestation as Renewable source of Wood for Industrial use: The objective of the project activity is the Aforestation of 42,500 acres of Kiri Tree: Japanese Empress Tree, Paulownia located on degraded lands in the ecological zone of Sudan Savannah. The project looks forward to recover degraded land, and develop sustainable economic activities, as (4-7 year) pulp, paper, (8 year) lightweight hardwood lumber, clean coal production, Biofuel production, wood harvesting and improving the community’s standard of living. The project will benefice more than 10 villages and 3500 people in annexes of this community and is conceived using easy-to-replicate technologies and promoting the intensive use of local labor, assuring that the biggest part of the benefits will remain in the community. The project will reduces the risk of negative impacts on biodiversity and increasing the success possibilities of the proposed project activity. Proposed project activities:The establishment of plantations as a renewable source of wood supplies for energy to meet the industrial needs is expected to result in twofold benefits: (i) generation of carbon stocks and of GHG removals by sinks additional to those that would occur in the absence of such plantations, and (ii) substitution of sustainable sources of biomass in place of fossil fuels and non-renewable biomass, which contribute to GHG emissions in Africa.
Estimated Carbon Credit value 410,000,000 USD
Estimated timber harvest value 700,000,000 USD
For this to go ahead the CORP??
and if so where does SGCP
get this initial funding??
ID
RE read and see only 35 out of 1300 are funded in about 3YEARS!!
Posted by: ID Supermoney Date: Friday, November 06, 2009 12:03:19 AM
In reply to: Orca who wrote msg# 15261 Post # of 15291 [Send a link via email]
This is the track record or the CC program!!
35 out of 1300 projects in 3 years were paid out!!
PART III. IMPLEMENTATION EXPERIENCE
A. The Performance Standards Project Portfolio
28. Over 1,300 projects have been screened so far against the Performance Standards, as denoted by the PDS-ER1 volume in Figure 1 between May 1, 2006 and April 30, 2009. Out of these projects, 560 projects were approved by the Board, of which 422 had reached first disbursement stage. The PS project portfolio nonetheless remains young, with only 35 Board-approved PS projects having completed more than two years of implementation (post-disbursement). About 30 percent of Board-approved PS projects have been in implementation for over a year (post-disbursement).
ID
Now that is informative!
and HONEST!
and yes this about the MINE
This AM and yesterday I believe new people are coming in re the MONEY from the CC program which sounds a lot but the company may not get for YEARS to come and secondly the NEWS wire that was posted under your stock symbol on a board!
the 2 companies sound to much alike BUT are TOTALLY DIFFERENT!!
ID
Well at least new investors can read or think before investing!!
Your honest now and that makes you a good moderator!!
But make sure that all know that the CC program is VERY SECONDARY!!
At first most is GOLD AND DIAMONDS!!
ID
No I hope all in are not in just for the CARBON PLAY
or the NEWS wires that were on the stock smillar to your name that came out yesterday AM that WAS DELETED even though it was posted under your symbols!!
BYE NOW!!
ID
Who pays for the project ??
Africa: 1
Aforestation project of 42,500 acres in Sierra Leone
Aforestation as Renewable source of Wood for Industrial use: The objective of the project activity is the Aforestation of 42,500 acres of Kiri Tree: Japanese Empress Tree, Paulownia located on degraded lands in the ecological zone of Sudan Savannah. The project looks forward to recover degraded land, and develop sustainable economic activities, as (4-7 year) pulp, paper, (8 year) lightweight hardwood lumber, clean coal production, Biofuel production, wood harvesting and improving the community’s standard of living. The project will benefice more than 10 villages and 3500 people in annexes of this community and is conceived using easy-to-replicate technologies and promoting the intensive use of local labor, assuring that the biggest part of the benefits will remain in the community. The project will reduces the risk of negative impacts on biodiversity and increasing the success possibilities of the proposed project activity. Proposed project activities:The establishment of plantations as a renewable source of wood supplies for energy to meet the industrial needs is expected to result in twofold benefits: (i) generation of carbon stocks and of GHG removals by sinks additional to those that would occur in the absence of such plantations, and (ii) substitution of sustainable sources of biomass in place of fossil fuels and non-renewable biomass, which contribute to GHG emissions in Africa.
Estimated Carbon Credit value 410,000,000 USD
Estimated timber harvest value 700,000,000 USD
For this to go ahead the CORP??
and if so where does SGCP
get this initial funding??
ID
Here is from site
FC Project Cycle
IFC offers a wide variety of financial products to private sector projects in developing countries. The project cycle illustrates the stages a business idea goes through as it becomes an IFC-financed project.
Stages of the Project Cycle
Application for IFC Financing
* There is no standard application form for IFC financing. A company or entrepreneur, foreign or domestic, seeking to establish a new venture or expand an existing enterprise can approach IFC directly. This is best done by reading how to apply for financing and by submitting an investment proposal.
* After these initial contacts and a preliminary review, IFC may proceed by requesting a detailed feasibility study or business plan to determine whether or not to appraise the project.
Project Appraisal
* Typically, an appraisal team consists of an investment officer with financial expertise and knowledge of the country in which the project is located, an engineer with the relevant technical expertise, and an environmental specialist.
* The team is responsible for evaluating the technical, financial, economic and environmental aspects of the project. This process entails visits to the proposed site of the project and extensive discussions with the project sponsors.
* After returning to headquarters, the team submits its recommendations to senior management of the relevant IFC department.
* If financing of the project is approved at the department level, IFC's legal department, with assistance from outside counsel as appropriate, drafts appropriate documents.
* Outstanding issues are negotiated with the company and other involved parties such as governments or financial institutions.
Public Notification
* Before the proposed investment is submitted to the IFC Board for review, the public is notified of the main elements of the project. Environmental review documents are also made available to the public.
Board Review and Approval
* The project is submitted to IFC's Board of Directors, which reviews the proposed investment.
Resource Mobilization
* IFC seeks to mobilize additional finance by encouraging other institutions to make investments in the project.
Legal Commitment
* If the investment is approved by the Board, and if stipulations from earlier negotiations are fulfilled, IFC and the company will sign the deal, making a legal commitment.
Disbursement of Funds
* Funds are disbursed under the terms of the legal commitment signed by all parties.
Project Supervision
* Once funds have been disbursed, IFC monitors its investments closely. It consults periodically with management, and it sends field missions to visit the enterprise. It also requires quarterly progress reports together with information on factors that might materially affect the enterprise in which it has invested, including annual financial statements audited by independent public accountants.
Closing
* When an investment is repaid in full, or when IFC exits an investment by selling its equity stake, IFC closes its books on the project.
This a long process you make take only 6-8 weeks think again!!
ID
This is track record of world bank credit program
http://www.ifc.org/ifcext/about.nsf/Content/regions
ID
This is the track record or the CC program!!
35 out of 1300 projects in 3 years were paid out!!
PART III. IMPLEMENTATION EXPERIENCE
A. The Performance Standards Project Portfolio
28. Over 1,300 projects have been screened so far against the Performance Standards, as denoted by the PDS-ER1 volume in Figure 1 between May 1, 2006 and April 30, 2009. Out of these projects, 560 projects were approved by the Board, of which 422 had reached first disbursement stage. The PS project portfolio nonetheless remains young, with only 35 Board-approved PS projects having completed more than two years of implementation (post-disbursement). About 30 percent of Board-approved PS projects have been in implementation for over a year (post-disbursement).
ID
No reporting necessary for 100 million shares prior to Sept 28, 2009!!
ID
This is my LAST post SEE you all!!
Best wishes!!
FORE warned!!
ID
In fact I have bought in at 0.0013 yesterday but sold already
today!!
ID
The thing is I am NOT a BASHER if any thing I am very devoted to A stock!!
I just want to make sure all who are buying are buying for The RIGHT reasons and NOT on FALSE HOPE!!
ID
That is not possible they are 6 more PHASES to go!!
VERY VERY unlikely!!
ID
Not only that shares from March 2009 537 million O/S
to June 2009 at 648 million O/S
is that not a concern with a 20% increase in 3 months!
How much did it go up from July to end of Sept??
ID
Explain why not??
This is a reporting that is not accurate??
ID
Not only that see filings!
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24682
What accounting Revenues are Jan- Mar 2009
and expenses Apr-June 2009???
648 million shares O/S
Push the GOLD not the CC
ID
It took approx 10-12 years for the KYOTO accord to start
does that mean it will take 10-12 years before the funds will come in??
Push the GOLD not the CC!!
You are giving everyone false hope with the CC program!!
ID
So when does funding from the CC program start??
As I see it we are in phase 1 out 7 PHASES!!
ID
So when does THE FUNDING from the CC's OCCUR
If this is phase1 out of 7 that COULD BE YEARS??
Then where does the funding come from??
Dilution??
ID
One last problem that this company has, there has been no finacials Re files we have access to are there? Last ones 2008?
And what is A/S and O/S currently??
ID
Could be the REPO man!!
ID
I would rather people FOCUS on the GOLD than the CARBON PROJECT!!
ID
SO that means we are in PHASE 1 out of 7 PHASES!!
That could take 10's of years to actually get this trading!!
ID
So the next question when does the carbon program begin??
When is the money coming ??
Like any program Especially this big with this amount of money world wide when does it start??
Like this Kyoto plan it took approx 10 years in the making but that does not say the money will come this year or in 2010! or 2015!!!
Like I said I do have a fair amount of stock!!
But to much hype the wrong way with out a good back ground could influence further investors if they think this is pump and dump for the WRONG reasons!!
ID
This carbon thing is OK not good I would like to see management put that in writing!!
If you are in it for the gold OK but not the CARBON play!!
USA as I understand will get ONLY about $100.00 per acre!!
Therefore at 64, 000 acres x 100=$6,400,000.00 If the same rate occurs as USA!
May not be in This part of the world!!
EVEN this is HIGH !!
400 million x $100.00= $40 BILLION dollars!! In USA
And THAT IS JUST ONE COUNTRY in the WORLD!!
Think about the WHOLE WORLD
100's of trillions of dollars!!
Is ANY BANK THAT RICH!!
ID