Isn't management supposed to communicate clearly with their Shareholders keeping them up to date on all current and forthcoming developments.

When Shareholders have to start establishing their own contact Reps it is usually in a Chapter 11 proceeding or in negative legal ramifications.


Publicly Traded Companies need to promote themselves to gain Market Share and attention.

Please do not stop contacting management directly. It is a good thing.

The thing is Management should not only know how to inform all their shareholders on current developments they should be committed to releasing that info on a much broader scale.

They have already stated the use of FR's is far cheaper than PR's.

FR's may not get the Market Coverage the company needs but they do give a broader outlook to their current shareholders at least.

Personally I think every positive development should be PR'd.

If John's got time to answer the phone he should have time to Update the website which he has made considerable effort to Upgrade and create.

I am tired of people making excuses for poor management practices without calling them what they are.

There is nothing wrong with Investors contacting management with issues but it is the companies responsibility to communicate with its shareholders.

eye

I have to agree with Cancun

It is not up to the shareholders to query and Update themselves.

It is up to management to Promote and Update its Shareholders.

Isolated contact although encouraging is substandard to say the least.

Good companies will build value for their shareholders, clearly communicate progress and results.

It takes market coverage and market share to realize sustained gain on positive Production and Developments.

Management is not meeting basic standards in communication, does not promote itself and fails to build on momentum.

They have made some key progress which if handled correctly actually would have built shareholder value.

The failure to do so has drastically reduced the impact of positive developments which make it all the more difficult to have any upward leverage on share price.

John's got the job, he should be the hero and do the job. Communications improvement was supposed to be one of his biggest focuses and contributions to the company.

Yet he has actually let it become worse than it was before by limiting Extraction Reports and extending dead air in Investor Relations.

If John loves to talk , he should learn to type and he should be highly motivated to communicate with all shareholders, not just the ones who chase him down.

BTW I have talked to John myself in the past.

Thx for sharing Cancun, I do agree.

eye

Canadian taxes say the stock must be liquidated to declare a Capital Loss or Capital Gain.

There is a form or request that can be made to our Brokers that will allow them to remove a worthless security from our trading accounts.

You do not receive anything for it but subsequent broker statements show those shares have been removed and thus liquidated.

We can then declare them as a Capital loss and use Brokerage statements as our paper trail proof..

Capital losses can be used against Capital Gains but can be carried backwards or forwards in a specified range until a time when Capital Gains are or were occurred.

I am a Canadian Tax Specialist, Prepare, Planner and filer so you can take that as gospel or confirm with your own Professional Tax Consultants.

I know next to nothing about American Taxes so can not help any Americans with taxes whatsoever.

Just remember a liquidation will either show on a settlement statement or a deletion at no dollar value on a Brokerage statement.

The transaction is supposed to be complete and have a paper trail for verification.

If you withdraw paper certificates there is no liquidation and your Broker may not allow you to redeposit a non trading stock back into your Brokerage account.

On top of that you can not trade them privately and can be stuck with them indefinitely.

That is one of the biggest reasons paper certificates should not be requested IMHO>

Chapter 11's can yet maintain positions for shareholders.

Liquidations do not.

As long as we are in Chapter 11 shareholders have a chance of surviving.



eye

I see the whole compound discussed by Phil as a very positive step

It :

- arranges storage of equipment close to mining Operations
- close direct access to those operations by short roads
- that makes it possible for servicing and rapid deployment of equipment
- it gives living accommodations for out of country specialized employees
- maybe even meals for workers

I still say our wash plants will have to keep up with the dredges and the more dredges we have the harder that will be unless we get more.

Those wash plants could be moved to the different sites and double shifted so they may be sufficient for a good while yet.

eye

Found the Russian Heat wave article makes for a good read.

http://www.cbc.ca/world/story/2010/07/17/russia-heat-wave.html

Each year the temperature seems to rise, heat waves come earlier and last longer.

Cold winters do not tell the tale but I have noticed winter temps have risen over the decades.

El nino may be recurring more often and bringing warmer temps.

Trends are key indicators of global warming and the evidence is there without looking very hard.

Global economics is hurting the Carbon market but countries realize the longer enviromental issues are delayed the more costly they will be in the end IMHO.

I believe that is why we are seeing several countries getting into developing their own carbon market.

The USA can not allow others to get in to that market without them.

it is potentially a trillion dollar commodity as reported by some who should know what they are talking about.

eye

We shouldn't have to wait till next season.

It doesn't imply a reasonable extraction reporting format.

Any reasonable and intelligent manager would be more in tune with their investors.

The mid and large cap stocks are well focused on shareholder value and in keeping their shareholders happy, not in despair and silence.

It is a step in the right direction but talk is cheap and action takes precedence.

If he intended to change he would rport on extractions going into the dry season

eye

Not only is that a sub par management decision it is ridiculous in light of acquiring a loan.

Lenders want to know debtors can service their debt and Recurring Revenues is best way to prove that.

If you don't report extractions regularly you can't report Revenues.

If you do not report Revenues it makes Financing all the harder to secure and makes the likelihood of poorer terms or toxic financing all the more likely.

Simply foolish IMHO for any reason not to Report monthly extractions and Revenues.

Refusing to do so only implies poor performance and poor management practices.

eye

Well thx snwbrd for your support.

I have been in this stock for years and have lost just about my whole investment from poor management practices that seem to be repeating themselves.

They have pumped Projects, equipment aquisition and placement, JV partnerships, ore findings and a host of other only to drop those very same developments without any communication or followup.

They have refused to build on momentum and communicate clearly with their shareholders.

They have also refused to Promote their Company and stock.

This has driven the stock into the dirt and shareholder value plummetted.

Once the stock had plummeted dilution to raise Capital became far more profound and resulted in serious dilution.

It took more diluted stock to raise enough Capital for Operating Expenses and equipment acquisition.

Deciding to report extractions semi annually is only more of the same and although management has said they will review that policy it doesn't mean for an instant that they will.

Dismal communications was a huge issue when John S first came on board. He made a big deal about his efforts and priorities to change that.

That makes the semi annual extraction Reports a slightly bigger slap in the face to shareholders.

The stock always did have potential and now we are down in sub penny land the worst it can drop to is .0001.

We did just show Revenues and Extractions for the last quarter and it needs to be said that many Pink Sheet companies are struggling to even produce any Revenues.

Some in development stages have not produced any since their inception.

Historically the price has dropped in the rainy season but things changed last year when our first CC Project was introduced.

The Potential in that market along with Project development and Carbon market in General leading up to Copenhagen drove the stock almost back to a penny again.

A cooled Carbon market, late mining start and despicable extraction Reporting system has once again driven the stock down.

This company has always declared close to monthly extraction amounts during the dry season and IMHO should be doing to be a respectable Mining Stock.

Refusing to do so is a slap in the face to investors and a serious step backward.

Anyway I feel the dismal management practices could well already be factored in to the current stock price.

The price could drop in the summer but additional extraction Reports into the rainy season coupled with positive Carbon Credit developments could easily send the stock price higher.

Even an upswing in the Carbon market unrelated to this company itself will likely have a positive influence on share price and I see clear signs that market is heating up again.

There is a Conferance in Mexico this year that is the follow up to the Copenhagen Conferance and I need to check but believe it occurs in Mexico.

I read an intersting article today about the heat wave in Russia, if I can find it again I will post it because it is a picture perfect example of how Global warming does effect us.

I also factor in developments as reported By Phil such as a centralized compound easily accessing our dredging Operations capable of storing and servicing our equipment.

I think anything under .001 is extremely cheap and based on recent developments I would not be surprised if we don't drop below .001 again.

I also think upward swing can occur if communications and or the carbon market increases.

The balance on this stock has gone from positive to negative but I believe it slowly turning positive once again if management quits making the same mistakes.

Don't get to carried away with equipment projections, they have been made before and fallen short but sometimes they actually do what they say they will Lol.

Sorry for rambling but thats what I think.

In Short it may drop slightly but I expect it to go up eventually and positive developments will effect that as they develop and could come much sooner than expected.

We may not have to wait for another dry season to see the stock rise.

eye

It would be nice to have back up equipment all right but if that is the case it should be rotated to ensure all equipment is in properly functioning order.

When I have bucked logs in the woods with two chain saws I alternated using them so I could ensure they were both running properly and getting used.

In doing so I knew I could use either one at any given moment and would not encounter difficulties.

Having said that it is difficult to have machinery without using it.

They may do just as well dredging at 4 sites and if one dredge breaks down they just continue with the others.

It is hard to have equipment and justify not using it.

eye

Based on your conversation I like the fact we have a compound to sore our equipment in that is not only close to our current Projects, there are roads completed to them for rapis deployment of our equipment.

That could be a sizable advantage and does show reasonable management of Resources.

Was he inferring that we would have a wash plant or two working with the dredge Operating in to the rainy season or is he implying that for next year?

I think we will need to, to alleviate any chance of additional dilution.

It would provide Revenues going into the rainy season that should cover Operating Expenses.

We don't know when the wash plants and dredge started this year.

We were told only of the intention to get them up and running.

If they were started late as I suspect they could very well be producing significant extractions if we can keep them running into the rainy season.

It will take additional reported extractions or positive CC news to send the stock upward.

Even if they do run wash plant or plants with a dredge this fall it does little good if they refuse to tell anyone what is being produced.

That indicates the price could drop or trade side-wise but since Revenues were produced even if they were withheld, we could easily be on the bottom of the trading scale.

News of Fall extractions, Revenues and CC developments could still send us higher before the next dry season.

Anyone thinking of accumulating would IMHO do well to buy some now and wait to see if the price drops somewhat through the summer to buy more.

That way if it goes down they can still get more but if it refuses to drop they can purchase more in and around the same price.

Still serious concerns here but things are looking up again at long last.

eye

Based on your conversation I like the fact we have a compound to sore our equipment in that is not only close to our current Projects, there are roads completed to them for rapis deployment of our equipment.

That could be a sizable advantage and does show reasonable management of Resources.

Was he inferring that we would have a wash plant or two working with the dredge Operating in to the rainy season or is he implying that for next year?

I think we will need to, to alleviate any chance of additional dilution.

It would provide Revenues going into the rainy season that should cover Operating Expenses.

We don't know when the wash plants and dredge started this year.

We were told only of the intention to get them up and running.

If they were started late as I suspect they could very well be producing significant extractions if we can keep them running into the rainy season.

It will take additional reported extractions or positive CC news to send the stock upward.

Even if they do run wash plant or plants with a dredge this fall it does little good if they refuse to tell anyone what is being produced.

That indicates the price could drop or trade side-wise but since Revenues were produced even if they were withheld, we could easily be on the bottom of the trading scale.

News of Fall extractions, Revenues and CC developments could still send us higher before the next dry season.

Anyone thinking of accumulating would IMHO do well to buy some now and wait to see if the price drops somewhat through the summer to buy more.

That way if it goes down they can still get more but if it refuses to drop they can purchase more in and around the same price.

Still serious concerns here but things are looking up again at long last.

eye

Reasonable calculations but we must remember that equipment output has not yet ever lived up to expectations.

Your calculations do allow somewhat for that though.

The gold has to be there and estimations are simply guesswork with a desired outcome.

The increase in dredging material still has to be processed and we do not know the capacity and effectiveness of our Upgraded Wash Plants

Our dredges will eventually have to stockpile gravels to be processed in the rainy season, new wash plants acquired to keep up with new dredges or our existing wash plants will have to be able to keep up with dredge output.

SGCP being ready to roll early is Imperative to a successful mining Season

They totally missed the boat this year and actually wasted the majority of our most recent dry season

It is extremely encouraging to see the company wants to prepare for and start early and possibly in Nov of this year.

It is also imperative for acceptable communications with Regular and detailed extractions frequently.

We need to
know: - how much is extracted monthly
- what equipment was used
- the effectiveness of that equipment
- when the equipment is placed and started to Produce

It would also be encouraging to see actual diamond sales Revenue on the quarterly reports.

If they had produced Revenues so far they would have to show on the Financials.

Remember that CC Projects are not restricted by the rainy season.

Any sale of SL1 CC's or the development of SL2 could have profound effect on share price.

The company has never lived up to Projections so I will believe actual results over implied.

Your calculations do show potential which should be recognized and are not without impact.

Potential generates Speculation that can have direct impact on share price.

Overall good post and thx for sharing your thoughts.

eye

Another CC article showing CC action is heating up.

It also touches on how China benefits from preventing global carbon trading.

It mentions several nations already or likely to push forward with carbon trading.

The USA is one of them.

http://www.abc.net.au/news/stories/2010/07/13/2951763.htm?site=thedrum

eye

You may very well be correct but hopefully they get things going in the right direction at long last.

WE still have potential get out intact even if it is unlikely at this point.

eye

Hopefully we both win in the end.

I have seen too many false promises, delays, unmet expectations, avoidance of communicating poor developments, dismal communications, extremely poor follow up on announced projects, equipment aquisition and allocation to ignore what I have seen and history repeating itself to follow this stock blindly.

I kept the faith for this stock for a very long time and the fact I'm still here attests to that.

It is not all bad and I refuse to ignore positve developments either.

I do like the plan to run a dredge deep into the rainy season but would feel a whole lot better if they had announced using our upgraded wash plants in conjunction with that dredge.

I read the last financials that showed signifcant Revenue attained through dilution and know the stock price at the time to know that dilution was significant.

The just released PR does show gold extractions and best case scenario is that it will raise sufficient Revenue to cover Operating Expenses until the next dry season.

Better yet would be for ongoing Revenues as we dredge into the rainy season.

It sounds like the CC Project would be easier to market if it was in a greater stage of development which essentially means more trees planted.

That may cost us some investment money.

We must also remember that even though the company has failed and fallen short numerously in the past does not mean they may come through after all on the new equipment and Projects.

I have to say IMHO that the company is fairly priced.

We have had significant dilution and expenses and this stock is acting unfriendly to shareholders.

WAy to much info is withheld.

On the green side we have extracted gold and diamonds and our CC Project remains lurking in the background.

If the company refuses to release regular and frequent extractions there is really nothing that can positively effect share price with the possible exception of the forward sale of CC's from SL1.

Launching SL2 could also have a positive outcome if it is indeed released in Sept this year.

If there is nothing to drive the stock up and dilution continues it will be difficult to maintain current prices and a drop in share value is actually in order.

In light of current and historic communications I expect a drop far more likely as I doubt management cares enough about its shareholders to build value by releasing regular and timely communications and results.

Keep your faith G it is a good thing for you but my outlook has been formed by expectations, hopes, failures and a host of other developments and shortfalls for several years. I must maintain my outlook also.

They do appear to be trying and the last PR is tipped to the positive side even though serious concerns remain.

A PR on the positive side is a welcome sight for this stock any day.

I was happy to see good developments but must maintain my concerns.

For the moment I might as well ease up and enjoy a positive PR for a while at least.

eye

Or we may not get another extraction report for another six months even though we now know we should have a dredge working late into the year.

Are the Upgraded wash plants currently working.

The company refuses to say ever since they said they were supposed to be coming online.

eye

You are welcome to your opinion but this company has claimed to aquired equipment, and new sites that never materialized.

Furthermore where did our first dredge go? It was in the country already and was running in Aug the first year they aquired it?

Why no mention of the wash plants once again? You probably don't have a clue what we went through to get them in the first place.

They don't even tell us what they are doing with the equipment they are supposed to have already.

Just because they say they are getting more equipment and sites doesn't mean it will happen.

They have fallen short on claims a number of times.

The good thing is they do get some things done so only time will tell.

CC's remain our best chance here but mining could have a positive impact if they get their act together.

IMHO they have a long way to go in that regard but are making progress.

eye

I've been here for years and got to say the dry season never started in Oct so far.

They did run a dredge starting in Aug one year well into the rainy season.

SL2 being developed in sept has been discussed often, I know because I have discussed it.

I do agree with you though it would be a positive development.

Take what the company says they will do with a grain of salt. They have fallen short more often than they have gotten things done they said they would.

If you have been here as long as I you are just happy to see them get anything done they say they will.

Dredging through the rainy season is a big development but it needs to go hand in hand with processing.

Our Upgraded wash plants were pumped in March but haven't been mentioned since.

Dredges need wash plants or they are just ammassing gravel that can be washed away by the rivers.

It sounds like the company is saying our CC project would be easier to sell if it was in more of an advanced stage but I welcome discussion on that.

The Biomass aspects could add value or marketability to the CC Project so it would be interesting to hear feedback on biomass impact and opportunities.

If the company needs a loan they don't know how to manage a publicly traded company very well.

They should have regularly announced Revenues from extractions.

They could have also Promoted there diamond discoveries.

One of if not the biggest factors in securing finances is by receiving Recurring Revenues and Reporting it.

No one should lend money if the debt can not be serviced and if it doesn't get done with Revenues , toxic financing is by far and away the most common way to raise it.

They need to show growing Revenues not silence and avoidance.

If you don't have Revenues you can hold back but if you have them it is simply foolish not to report them if seeking financing.

That is pretty basic for a Publicly Traded Company.

This company needs to learn how to promote itself and build on momentum.

I know in the past they have declared they don't want to pump their stock and would just like a slow and gradual rise in value.

The problem is that with that management style they have only insured a long and nasty drop in share price long before many of you even heard of this stock which in turn resulted in drastic dilution to raise needed Capital.

Anyway, todays news is about as good as it seems to get for the company.

There were Revenues and production should continue into the rainy season.

Cudos to the company today for some positive developments.

eye

One would think but consider there has never been any diamond sale
Revenue listed on Financials for any of the stones found so far.

Its been all gold and there was some CC Revenues also.

The gold value isn't bad though and could have been much worse.

eye

I must admit the extractions were more than I expected which does however confirm the companies lack of interest to build on momentum and to build shareholder value.

The last quarterlies clearly show expenses grossly exceeding Revenues.

There was extreme expectations and momentum prior to the killer Update that delayed communications and avoided results.

If the company does not build on momentum it will drive stock price down as it has in the past.

They should have been proclaiming extraction amounts while momentum was there.

We have now purchased 3 dredges and built one but no mention of the one we already had that should have been operating all year.

Also no mention of the upgraded wash plants and production from them.

Having at least one dredge work through the entire rainy season is clearly a step in the right direction.

Announcing that our wash plants would be processing at the same time would be another very positive step.

The company needs to promote the finding of diamonds on a far bigger scale.
The mining community would respond to it very well despite the actual value of the stones.

They have actually played down the value of their diamonds in the past instead.

It is important to discover if Production and extraction is happening currently as that can delay or prevent the need for dilution to fund Operating Expenses.

Still very much missing in the latest PR but some decent positive developments none the less.

Could have been far worse but could have been better.

eye

I thought we would need a bad extraction report to drop so quickly.

This coming out before the report will cause further decline on bad news.

MM's often find out things before we do.

There is only one thing that I know of they see before we do that causes such significant drops and volume.

I have to go, hope you all buckle up and enjoy the ride today.

eye

L2 Update

2 MM's on bid at .0014 NITE, UBSS
1 MM on ask at .0015 NITE

Volume is 1,980.000

Day High is .0015
Day Low is .0014

5 trades so far and all are buys

enjoy

eye

Getting news doesn't mean it will be good.

I know what to expect but I think there are many that could be hugely dissapointed.

Current dredging and processing can minimize negative effect of poor extraction results.

The other positive factors can be progress in our CC projects and the actual development of SL2.

If poor extraction results are not offset by some good news the stock price is going to be extremely volatile.

The next dry season is a long way away.

eye

I see it phil and it sucks but that is the way it works.

The only positive pressure now will be to see multiple buys which could send things in the right direction again.

eye

L2 Update

3 MM's on bid at .0014 NITE< UBSS and ETMM
1 MM on ask at .0015 NITE

VFIN has become inactive since yesterday.

Volume is 9,164,866

Day high is .0015
Day low is .0014

25 trades so far

NITE< UBSS< VFIN ETMM were the active MM's yesterday

The longer the stall at current positions the more likely other MM's will drop their ask and join NITE at .0015.

Typically you want to not only see more MM's on the bid and less MM's on the ask for a stock to generate upward pressure on the stock price.

To see mounting pressure we would see more MM's join the bid, Nite raise the ask or MM above NITE on the ask raise their ask even more.

Another clear sign will be an instant raise on the bid very shortly after the ask is raised nad than more MM's joining the new bid.

Nite could be representing some sellers at the moment or should have raised the ask already IMHO.

In short the longer the ask is held to .0015 the more likely we will drop than uptick but this position could hold for quite a while.

A downtick could either just happen or more likely one or 2 other MM's will drop their ask as well.

eye

Like him or hate him Nite is clearly the most powerful in not only this stock but just about every stock in Pinky land.

He can drive or drop stock price at will.

The fact he is often on the bid and ask shows he is a volume player and as such can make money if the stock surges or plummets.

You have to watch the MM's like AUTO who have continually sold this stock in the past without any attempts to buy it.


MM's will always play games and you want to see the volume players in your stock.
It doesn't matter to them if the stock spikes so they do not need to hold the price down.

They buy on the bid and sell on the ask and dictate market price. It is called playing the spread and is what they are supposed to do.

Shorters play differently and are the ones you have to watch out for.

The companies actions are instrumental to direct stock price.

Good results and the stock goes up bad results and we drop quickly unless it can be offset with good news.

We could have up to 3 dredges and 2 wash plants Operating in
SL now.

If we do it could offset poor extraction results for the 2009 dry season.

Bad extractions will indicate a wasted dry season and a good dry season would have built greatly combined with our CC launch last Sept.

In short a good dry season combined with momentum and CC activity could have had a profound effect on the stock price.

Unless MM's drive the price it will take something substantial from management to affect price.

eye

One thing that helps is if no one sells after a downtick.

We are only one uptick away fro an ask of .0015 again.

If buys start rolling in NITE can raise his ask just as quickly as he dropped it.

eye

Nite just dropped the ask to .0014.

He raises the ask as often as he drops it.

Good news for some is that they can now buy at .0014 instead of .0015.

eye

If you examine L2 closely you will see it is the same 4 MM's playing SGCP now that control direction.

NITE< UBSS< VFIN ETMM

We don't want to drop any of them , we want to see them raise their positions.

It will take some concentrated buying to cause a further Uptick today if it is going to happen.

NITE may drop the bid occasionally but he not only always comes back, he is the one who is most likely to create an Uptick.

When MM's increase or decrease their bid or ask on sidewise trading stock it is an important factor to determine future stock price movement.


You can not simply watch the bid and ask, you have to watch how the MM's are reacting.

Unfortunately there is no upward pressure on stock price and only considerable numbers of buys will put pressure there.

eye

SAd thing is this company has had numerous times of positive momentum which the company refused to build into.

One day they will learn.

If they ever built on momentum moves things would get extremely interesting IMHO.

eye

Last 3 trades at .0015 but gonna take a lot more to crack .0016.

Nice to see .0015s instead of .0013's

Got another , that makes 4 at .0015 in a row

I guess it will take 15 for an uptick

eye

NITE back on top the bid at .0013

It was NITE that raised the bid to .0014.

I think it will take a lot of buying to hit a new high today but it is not out of reach.

Plenty of time left.

eye

NITE dropped their bid to .0012 so ETMM remains at .0013.

I am not concerned, NITE has always been one of the first MM's to raise the bid and ask as well.

He is simply testing the waters.

We did have our fist buy at .0015 since the ask hit .0015 again.

If no MM drops the ask I expect NITE to be top bidder again shortly.

eye

The truth is if this company new how to build on momentum and get its equipment working at the beginning of the dry season instead of the end of it, we would already be in pennies.

The CC market development nearly drove the stock over a penny by itself. That occurred in the height of the rainy season and a successful mining season was essential to continue the trend.

Anyone claiming mining drove the stock wasn't paying attention to the mining activity Sept 09 and onward.

We are once again coming into a time of momentum.

If the company builds value for shareholders and dilution is still required to cover Operating Expenses it greatly diminishes the amount of dilution required to raise Capital.

I wonder if they will ever figure that out.

We may have dredging Ops carrying into the rainy season this year and CC's can yet carry us through another rainy season.

eye

L2 Update

1 MM's on bid at .0014 NITE
4 MM's on ask at .0015 NITE & UBSS & ETMM & VFIN

Volume is 10,111,413

Day High is .0015
Day low is .0012

31 trades total today so far ( only 6 were sells )

enjoy

eye

L2 Update

2 MM's on bid at .0013 ETMM & NITE
4 MM's on ask at .0015 NITE & UBSS & ETMM & VFIN

Volume is 10,111,413

Day High is .0015
Day low is .0012

31 trades total today so far ( only 6 were sells )

enjoy

eye

Thats what I'm waiting on G, until SGCP can produce gold and diamonds all year long there will always be a long rainy period.

It was last Sept that the company became involved in the CC market.

As their development and participation progressed the stock price surged but not in any small part to the Carbon Market itself.

If the Copenhagen Accord had not crashed on the subject a Universal Carbon Market could have been accepted.

I believe the follow up Conference is in Mexico In Nov this year and I see several other key conferences in and around that time.

The Carbon Market starts to build at the height of the Rainy Season

At least last year and this year anyway.

The article I posted on Kenya I found extremely interesting as they are not waiting for investors to buy their Projects, they are developing their own Platform to sell Projects themselves.

This should cause direct competition to the European Market and CC buyers can bypass Europe and buy directly from the Nations creating CC's.

I think it would take SGCP finding a basketball sized gem quality diamond or a two foot thick solid gold vein to generate as much positive reaction to the forward sale of even one of our CC projects.

The Revenue potential from even SL1 is astronomical in comparison to current and past gold Revenues.

To produce eight digit Revenues in gold production will take literally over 500 lbs of gold extraction before expenses and JV cuts of profits.

It will likely take 1000 lbs of gold to generate low 8 digit income from gold after expenses, JV shares and taxes.

Maybe we only need a volleyball sized diamond and a 0ne foot thick gold vein after all.

THe 8 digit income from SL1 does not include the value of pulp, lumber, charcoal or biomass Revenues.

They are all extra Revenue producers.

The CC market may have cooled after Copenhagen but it is starting to build again IMHO.

Global economics is the largest hurdle as Nations struggle to emerge and grow out of a monstrous Recession.

eye

Interesting article, Kenya is set to be the first African country to establish a Carbon Market

http://www.businessdailyafrica.com/Company%20Industry/Budget%20plan%20paves%20way%20for%20carbon%20trading%20hub/-/539550/956150/-/12uo7mpz/-/

Here is part of the article

Kenya is set to become a carbon trading hub in Africa if plans to establish a regional carbon emissions trading market prove successful.

During the 2010/2011 budget of June 10, Finance minister Uhuru Kenyatta proposed to develop a frame-work for carbon trading that would outline how to register and participate in the a scheme in which polluters would buy and sell the right to emit carbon.

The framework will also guide how revenue generated from carbon trading would be shared to ensure accountability.

“The Government will establish a carbon Emission Trading Scheme (ETS) in Nairobi to pioneer the carbon market in Africa,” said the minister.

The carbon trading scheme, which is the first in Africa, is set to improve livelihoods of many Kenyan farmers and pastoralists by generating money in exchange for trees planted.

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New New Zealand, Australia, Europe and USA either have or are considering a carbon market.

http://www.abc.net.au/news/stories/2010/07/13/2951763.htm?site=thedrum

Although the USA faces opposition to a carbon market it has a lot of support as well, not only in the Chigago Market but on the West Coast itself.

Without a carbon trading market, taxpayers will be forced to cover the entire cost of going green after the industries that created the mess have reaped profits for themselves and their shareholders without dealing with the problem.

We let them reap the profits and we pay to clean up the mess.

A carbon market is the only logical way to go and will force the major polluters to clean up their own act or pay for their own mistakes.

Articles I have read recently indicate President Obama is certainly pushing for a carbon market which is a big plus for us.

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L2 Update

2 MM's on bid at .0013 ETMM & NITE
2 MM's on ask at .0014 NITE & UBSS

Volume is 7,997,365

Day High is .0015
Day low is .0012

enjoy

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