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Re: Pro-Truck 14 post# 63650

Saturday, 12/03/2011 2:25:28 AM

Saturday, December 03, 2011 2:25:28 AM

Post# of 83074
When SGCP has the intention to build up a thriving industry (agriculture, timber, biomass REDD) there are rules to be followed (contact SLIEPA), let's say first give the people food and additional work. I refer to a formerly posted Addax document as well regarding binding contracts. Fact is the failure of forward selling the afforestation project caused financial problems and results in ongoing dilution . The mining results are way off to finance the other operations so I agree more gold has to be found. If SGCP wants to move forward we'll need more. Depending the mid-term outlook for the carbon market, SGCP will have to make a choice: or the release of a new PDD (afforestation/biomass/REDD- voluntary/regulated market-) or to look for an investor or both of it. Understandable they option the PDD, point of view profit sharing. In the past GGVF received comments and a few offers for the SL1 project but to low and unacceptable (project cost). The AG project is self sustaining but limited to 3000 acres by now. Also here SGCP will need an investor (equipment, fertilisers, tractors, storage facilities, roads etc...)if they want to realise their goal. Most of all in my opinion our future will be directed by the successfull growth of the Paulownia to start a biomass project SL1(forward selling) and afforestation SL2 for a timber industry.