Good to see Jagdeo proposed something specific. However it is an accounting fix. No accounting method can deal with the fact that world price is 12 cents and average cost of production at Wales is 45 cents.

Eventually sugar should be abandoned. GUYSUCO should be closed down. However, the issue here is how are the workers going to be incorporated into the economy or compensated. Carij will tell us that the bauxite workers were not compensated....if that is true it does not mean we have to make the same mistake.

How about diversification and selling off to the planters to raise crops?.

VishMahabir posted:

Eventually sugar should be abandoned. GUYSUCO should be closed down. However, the issue here is how are the workers going to be incorporated into the economy or compensated. Carij will tell us that the bauxite workers were not compensated....if that is true it does not mean we have to make the same mistake.

How about diversification and selling off to the planters to raise crops?.

Vish..that idea was suggested here many times,closure will cause ramifications politically for the coalition ,the opposition is already blaming them for causing their supporters to join the bread line.

This is what Jagdeo said it does not bode well, India is the only resource for funds.

"Opposition Leader Bharrat Jagdeo on Wednesday said the People’s Progressive Party/Civic (PPP/C)-led administration had planned to secure a US$50 million line of credit from India to rehabilitate the sugar factories.“We can work with them (the government) to mobilise US$50 million dollars,” he told a news conference at Freedom House, the PPP’s headquarters.He said the PPPC’s administration had plan to use the money to also build electricity co-generation plants at each estate."

TK posted:

Good to see Jagdeo proposed something specific. However it is an accounting fix. No accounting method can deal with the fact that world price is 12 cents and average cost of production at Wales is 45 cents.

DEm People seh Jagdeo is deh man to run Guyana

Nehru posted:

TK posted:

Good to see Jagdeo proposed something specific. However it is an accounting fix. No accounting method can deal with the fact that world price is 12 cents and average cost of production at Wales is 45 cents.

DEm People seh Jagdeo is deh man to run Guyana

You right bossman, produce at 45 cent and and sell at 12 cents,the billions of dollars subsidy bring in foreign exchange.

TK..help me out here bhai, i cant understand this theory.

What Jagdeo is suggesting is that blacks pay back the loan from India so that the PPP can by the canecutters votes.

Mr.T posted:

What Jagdeo is suggesting is that blacks pay back the loan from India so that the PPP can by the canecutters votes.

You are so fri**ing dum. I wonder how you make a living. No the blacks would burn the factory down.

TK posted:

Good to see Jagdeo proposed something specific. However it is an accounting fix. No accounting method can deal with the fact that world price is 12 cents and average cost of production at Wales is 45 cents.

Guysuco already indebted and Jagdeo's solution is more debt.  So why didn't the PPP do this before May 2015, if this was a solution?

Django posted:

GAWU questions GUySuCo on Wales closure – Jagdeo proposes alternative measures to save industry

January 20, 2016  Source

 the PPP, but after 23 years in office, that party left the industry drowning in debt with the factories rundown, as is the case with Skeldon.In fact, it was under Jagdeo that the Skeldon Modernisation Project was launched and he commissioned a US$180 million factory that failed to live up to its promise of being the boon to the survival of the industry.

Skeldon has been a flop, and while Jagdeo talks about co-generation plants aligned to the industry, in its final year in office, the former administration had de-linked the co-generation plant from Skeldon and set up a new company to run it.

By Navendra Seolall

THIS is what Jagdeo needs to address.  Its is THIS which brought Guysuco to its knees. Clearly Jagdeo has NO SOLUTIONS that will allow the company to drastically reduce costs so that it can become competitive in the global markets.

Guysuco's biggest expense is payroll, so unless that is reduced it cannot become viable.  So what does Jagdeo have to say?  NOTHING.

He already "fixed" factories!

Django posted:

 

You right bossman, produce at 45 cent and and sell at 12 cents,the billions of dollars subsidy bring in foreign exchange.

TK..help me out here bhai, i cant understand this theory.

Jagdeo has no clue as to how solve the problem.

So he screams "blackman a starve ahbe".  Sadly the stupid workers will buy this nonsense, as they are too dumb to admit to the truth.

Their own INDIAN party sold them out!