Woodbois Share Discussion Threads

[odillon] 28/5/2022 15:07

The apple tree in my garden is sequestering carbon. I am not expecting a payday.

There is no money in simply sequestering carbon. For a project to qualify for carbon credits it has to be new and additional. It cannot apply to existing forest used for timber.

That is why Paul Dolan explained that it will be at least 6 years before they can qualify for carbon credits for the proposed new project. So far they have identified land for this but there is no news of any partner. WBI need a partner to buy the land.

Don't be fooled by misleading information from posters who are trying to gain from a spike that will leave others in difficulty.

Here are the facts.

youtu.be/p8nf-DQUNOI
from 20.30

WBI have never said they need anything other than that they need at least 6 years to get their trees in shape to qualify for carbon credits.

The reference to 5 years in the Armchair Trader interview is a minimum requirement for a carbon credits verification agency. WBI said they need at least 6 years for their trees to qualify and they said that because that is what they need.

Be careful.

[vaston] 26/5/2022 13:06

Interesting company

[nugacity] 24/5/2022 10:10

That was said in August of last year.

Since then there was another interview with Paul and Michael Floyd 6 days ago.
The infamous article (fact or fake) says this ...

""WoodBois owns over 1,000,000 acres of pure forest concessions across Africa.

It is among the largest in the world, and yet up until recently, the company was not selling its carbon credits because it was not part of the program. Instead they were harvesting the trees, processing them and selling them.

Their business model has now changed though for the better.

They’ve begun working on selling carbon credits and their revenues could be on the verge of exploding!"


THE BUSINESS MODEL HAS NOW CHANGED? That is down to the appointment of Michael Floyd who saw the potential of forward carbon credits by partnering companies willing to invest perhaps £100m in new plantations in return for a proportion of their credits as commission for managing their sites for them.

The latest interview on May 18th is available on


A couple of pertinent extracts follow -

Q: You introduced a new strand to your business recently, carbon offsetting. What was the business reasoning behind that?

Michael Floyd: When I joined Woodbois about a year and a half ago (as the head of Carbon Market Solutions) we looked at the carbon market in great depth and there was an absence of high-quality producers of carbon credits, people not just planting trees but growing trees.

Q: You plan on creating carbon offsets by planting trees and sequestering carbon. How do you measure how much carbon you have actually sequestered?

"Michael Floyd: There is a model you can use to calculate this that is based on the size of the tree. There are carbon offsetting standards registries like Verra that come and inspect the carbon stock on the land when you start planting and then they check again on a frequent basis so you can have a very good idea of how much carbon has been sequestered. The standards agency has a rule of five years after planting before you can claim credits but in effect, the trees start sequestering carbon from the day they are planted."

[odillon] 24/5/2022 08:44

If you listen to Paul Dolan at 21.30 of this interview youtu.be/p8nf-DQUNOI you will hear that meaningful income from carbon credits is at least 6 years away as it is after year 6.

So perhaps it is 7, 8, 9 years away?

[chickbait] 19/5/2022 12:28

Market Summary
>
Woodbois Ltd
5.85 GBX
+0.95 (19.32%)past 5 days
19 May, 12:20 BST • Disclaimer

[blue59] 19/5/2022 09:08

The tune is the same but the words have changed from ‘jam tomorrow’ to ‘jam in 6 years time’.

[odillon] 18/5/2022 15:11

Please replace hxx in the link with htt

It keeps going to xx even though the link is tt

[odillon] 18/5/2022 15:09

As long as folk buy knowing the facts that's fine by me. Butt it wouldn't be nice to be stuck at the top of a spike and a falling price because you believe the carbon credit income was coming soon when it's not for at least 6 years when the trees on the new land have matured I hope it's very good when it does come.

Here are the facts again;

Paul Dolan at about 21.00 is answering a question about when the company can see revenue from the carbon credit project.

hxxps://youtu.be/p8nf-DQUNOI

He explains that the forward sale of credits will help fund the project but that meaningful incomes comes after year 6 when the trees have matured.

[blue59] 18/5/2022 13:39

Here all week folks!

[blue59] 18/5/2022 13:32

12 inch ruler

[glasswala] 18/5/2022 12:51

Something is afoot ???

[vaston] 18/5/2022 12:02

As soon as it gets to 6p it will drop back to 4.5. Watch this space

[vaston] 18/5/2022 11:59

How easy is it to put one of those ramp ads together. I have a few stocks it might help.

[blue59] 18/5/2022 11:48

I’d love to know what Federico Tonetti makes of this.

[glasswala] 18/5/2022 10:45

Holding up well in the face of continous large sells. Is there sonething amiss here??

[mattab] 18/5/2022 09:39

Be the Institution selling down I reckon

[glasswala] 18/5/2022 09:03

Someone is selling chunks of 250k shares already a million sold 4x250k yesterday also ..

[vaston] 18/5/2022 08:15

Od no one is listening, still lots of buying

[odillon] 17/5/2022 23:49

The Action Fraud link won't post properly here for some reason it keeps changing http to hxxp

so it is hxxps://www.actionfraud.police.uk/

but change the xx to tt

[odillon] 17/5/2022 23:45

Here is a better link to Action Fraud

hxxps://www.actionfraud.police.uk/

[odillon] 17/5/2022 23:43

I saw a post on another site suggesting that if anyone has lost money by relying on the fake article they could be a victim of a crime and that they could report what happened to then to Action Fraud

hxxps://www.actionfraud.police.uk/

[vaston] 17/5/2022 13:43

Lots of buying