These guys still do not have an approved methodology under the CFI. they have to get the methodology past the Domestic Offsets Integrity Committee, and the DOIC have to approve the sequestration calculations put up by CCF or CO2. Once the methodology is submitted it becomes public information and anyone can use it. I cannot see how they can make income estimates when they cannot be certain that there sequestration expectations will be met.
As soon as the methodology is approved every man and his dog will be in on the Mallee game.
It also takes months to get the methodology approved.
If you do not have a methodology approved by 1st July 2012 then any sequestration occurring between 2012 and 2012 is defaulted. They have not submitted the methodology yet and before ti is approved it has to be open to public comment for 40 days - even if it was submitted today it would not even be ready for consideration by the DOIC until May 7th, then the DOIC has to assess all the public comments and consider the actual methodology.
CCF Price at posting:
26.5¢ Sentiment: None Disclosure: Not Held
