Prima Columbia Hardwood Inc (fka PCT)

[Bobwins]

I bought more PCT.v today at .035. Still no official word about permits but this paragraph in the annual report encouraged me to buy.

The technical visit to the harvest site by the licensing body of the Ministry of Environment ("Ministry") is the final step in the approval process for the submitted forest management plans and cutting permit applications. The technical visit was completed March 31, 2012. The report of the findings of the visit and the recommendation regarding the permits is in the final stage of preparation. Information available to April 27th, 2012 leads Management to believe that the report will recommend issuance of the permits. Upon receipt of a favorable report and the recommendation for approvals, the Ministry will prepare resolutions instructing the licensing body to issue the cutting permits shortly thereafter.

When will they get them? Don't know but company has stayed the course so far and once they get into production, PCT should make money while complying with the stricter environmental rules of the government.