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Re: awhitefish post# 21558

Monday, 12/14/2009 5:40:18 AM

Monday, December 14, 2009 5:40:18 AM

Post# of 83133
if you get 10 mil for the forward cc sell, but can't get the big equipment in place for the upcoming season, why not defer spending some of that equipment money for say 6 months for a share buy-back which will be worth more in 6 months.


Not such a bad idea...but then sgcp would be much more dependent on actually harvesting a substantial amount of gold this season with equipment that is far from ideal if not down right wasteful. I thought I'd see the 2nd coming of Christ before their current equipment finally showed up. If they have, in fact, identified equipment better suited for their particular environment, it needs to be ordered now or asap. It will take a year to get there...wait 6 months and you might not see it until the 2012 season! I admit being remiss on carbon credit DD but don't they have to spend a large portion of those funds on the carbon credit program itself as opposed to just having a 10 million dollar shopping spree? I'm sure there is a specific plan for application purposes, but beyond that it is my understanding that the project they would be receiving CC money for doesn't exist at this time. Please correct me if I'm mistaken about that.