@cain posted:

Employees have to sell themselves to employers to gain employment.

We are not discussing Gaumont.

@Bibi Haniffa posted:

We are not discussing Gaumont.

Did you see your picture with Billy?

@Bibi Haniffa posted:

My occupation doesn’t involve anything with sales.

Check your record of employment, If you don't produce, you don't get a raise, bonus or promotion. I am sure you are hired because of your expertise or skill, but if you cannot face up to the task, you are gone. So one has to constantly prove/sell your relevance to the company.

@kp, you should have requested their business and market plan. $1.4 bil at (say) $200k per unit means 7,000 to just break even.  It’s not an outrageous assumption considering some rich locals, repat retirees and foreigners coming to support the growth to come. 

Do we know how many people this is designed to accommodate?

@Former Member posted:

@kp, you should have requested their business and market plan. $1.4 bil at (say) $200k per unit means 7,000 to just break even.  It’s not an outrageous assumption considering some rich locals, repat retirees and foreigners coming to support the growth to come. 

Do we know how many people this is designed to accommodate?

They are lucky to get 700 fools to invest, hope the government don't fall sucker for their gimmick .

 They owned the land a long time, why didn't they pull that stunt with the PNC,guess coolie stupid. The government should have a COI on this developer, just to protect the consumer. It's another Ponzi Scheme.

@Locutus posted:

Here is how this is going to go down with certainty:

1. The developers are going to presell units. They will most likely be successful in selling some units.
2. They are then going to take this cash and present it as equity to a lender to secure the construction loan.
3. In assessing the credit worthiness of the project, the lender is going to do an assessment of construction risks which includes:
   • the developer’s credibility (particularly their track record around similar projects)
   • the developer’s proven ability to provide projects on or close to budget
   • suitability of land for the project
   • level of difficulty on executing the project in the desired location
   • political and economic stability of the region
4. Based on the factors above and what we know to date, any willing lender will most likely do so only on a substantially modest scale (even considering the project will be done in stages) which means at a below optimum loan to cost ratio.
5. This reduced loan amount means that the developers are either going to have to presell many more units to get more equity or reduce the scale of the project.
6. However they would have presold the units promising a certain scale with certain quality and amenities.
7. The project is delayed. The money raised from the presales will be used for engineering, legal and other advisory.
8. Lawsuits

I can see this banna pay attention in school. 

@Former Member posted:

@kp, you should have requested their business and market plan. $1.4 bil at (say) $200k per unit means 7,000 to just break even.  It’s not an outrageous assumption considering some rich locals, repat retirees and foreigners coming to support the growth to come. 

Do we know how many people this is designed to accommodate?

Nuff buck crab...on a full moon night they march in that area.

@Former Member posted:

@kp, you should have requested their business and market plan. $1.4 bil at (say) $200k per unit means 7,000 to just break even.  It’s not an outrageous assumption considering some rich locals, repat retirees and foreigners coming to support the growth to come. 

Do we know how many people this is designed to accommodate?

@ 200K per unit, it is what it will cost to build a decent dog house. 

@Mitwah posted:

@ 200K per unit, it is what it will cost to build a decent dog house. 

That must be some lucky dog 🐕!

@Former Member posted:

That must be some lucky dog 🐕!

What can you build for 200K? 

@Mitwah posted:

What can you build for 200K? 

Depends on the country and what you are building.  Wasn’t there a proposed retirement gated community proposed at 200/250k per unit?

@kp posted:

They are lucky to get 700 fools to invest, hope the government don't fall sucker for their gimmick .

cces They owned the land a long time, why didn't they pull that stunt with the PNC,guess coolie stupid. The government should have a COI on this developer, just to protect the consumer. It's another Ponzi Scheme.

When Harmon secured his 700 acres next to this land you didn’t shed a tear. When David Patterson secured his 500 acres at Mahaica At the other end of this land Which is already under construction you didn’t shed a tear. So why you bussing cry Now when couple Indo (edited) people who Successfully manage their Own business and inherited money for three generations want to build a development?

Where did Harmon and Patterson get their money to buy those lands?

They allowed the Chinese to build the Skeldon factory and Marriott hotel with Chinese workers and got huge kickbacks, that was used to buy the land. 

The smart thing to do would be to plant mangroves along the shoreline to promote sustainability for future generations. 

@Ramakant-P posted:

Where did Harmon and Patterson get their money to buy those lands?

As Tola stated, from Kick backs

@Former Member posted:

That must be some lucky dog 🐕!

One lucky dag name Stormy.

@Bibi Haniffa posted:

When Harmon secured his 700 acres next to this land you didn’t shed a tear. When David Patterson secured his 500 acres at Mahaica At the other end of this land Which is already under construction you didn’t shed a tear. So why you bussing cry Now when couple Indo (edited) people who Successfully manage their Own business and inherited money for three generations want to build a development?

A ship set sail from Guyana with a cargo of rice. It was intercepted in Europe and cocaine with a street value of hundreds of millions of Euros was discovered.  Back in Guyana a $US 1.4 billion development on buck crab land is proposed.  There is a player common to both these stories.  Can there be link?  Enquiring minds would like to know.

@Tola posted:

They allowed the Chinese to build the Skeldon factory and Marriott hotel with Chinese workers and got huge kickbacks, that was used to buy the land. 

Budday those kickbacks built the Pradoville mansions.  

@Bibi Haniffa posted:

When Harmon secured his 700 acres next to this land you didn’t shed a tear. When David Patterson secured his 500 acres at Mahaica At the other end of this land Which is already under construction you didn’t shed a tear. So why you bussing cry Now when couple Indo (edited) people who Successfully manage their Own business and inherited money for three generations want to build a development?

They need Investors/suckers, let's see if they can do it on their own. To be completed in 14 months, give me a break!

@Bibi Haniffa posted:

When Harmon secured his 700 acres next to this land you didn’t shed a tear. When David Patterson secured his 500 acres at Mahaica At the other end of this land Which is already under construction you didn’t shed a tear. So why you bussing cry Now when couple Indo (edited) people who Successfully manage their Own business and inherited money for three generations want to build a development?

You must be exaggerating.  Where is the area would you find estates of 700 and 500 acres.   You must be counting some of the Atlantic Ocean.

I find it very weird because it was reported in the Stabroek News.  This newspaper tends to stay clear of sensationalism of this magnitude.  My gut feeling tells me that this is a scam or a gross exaggeration of the cost of the investment.   

@Totaram posted:

A ship set sail from Guyana with a cargo of rice. It was intercepted in Europe and cocaine with a street value of hundreds of millions of Euros was discovered.  Back in Guyana a $US 1.4 billion development on buck crab land is proposed.  There is a player common to both these stories.  Can there be link?  Enquiring minds would like to know.

Mitwa mentioned it on page 2. also, see steveo's comment here:

https://caribbeancricket.com/topic/1181665#6247139

@Billy Ram Balgobin posted:

I find it very weird because it was reported in the Stabroek News.  This newspaper tends to stay clear of sensationalism of this magnitude.  My gut feeling tells me that this is a scam or a gross exaggeration of the cost of the investment.   

Does anyone know the number of units planned?  USD 1.4 bil is a lot of dough especially for Guyana. This would be the largest, by far, single civilian project ever undertaken in Guyana.

@Bigan Choka posted:

The smart thing to do would be to plant mangroves along the shoreline to promote sustainability for future generations. 

my village did that a long time ago

@Former Member posted:

my village did that a long time ago

Which is your village?  My township also had nuff mangrove. 

@Totaram posted:

You must be exaggerating.  Where is the area would you find estates of 700 and 500 acres.   You must be counting some of the Atlantic Ocean.

BTW, talking about the Atlantic, why don’t they locate the wind farm in the shallow ocean?

the Dutch set up a superior system in my village:  a koker near to the Atlantic Ocean, and mangroves along the shoreline. the grandstand, horse-racing track, and high school were nearby

@Former Member posted:

Mitwa mentioned it on page 2. also, see steveo's comment here:

https://caribbeancricket.com/topic/1181665#6247139

Interesting!  But wasn't there a report the drugs were not in the rice at the time it left Guyana? Dunno how this could be so unless every container was thoroughly checked before leaving.

@Former Member posted:

the Dutch set up a superior system in my village:  a koker near to the Atlantic Ocean, and mangroves along the shoreline. the grandstand, horse-racing track, and high school were nearby

Belladrum?

@Former Member posted:

the Dutch set up a superior system in my village:  a koker near to the Atlantic Ocean, and mangroves along the shoreline. the grandstand, horse-racing track, and high school were nearby

A newspaper reporter village.

Mangrove reforestation is active in Guyana for decades.

@Former Member posted:

the Dutch set up a superior system in my village:  a koker near to the Atlantic Ocean, and mangroves along the shoreline. the grandstand, horse-racing track, and high school were nearby

Are you talking about Chelsea Park?

@Billy Ram Balgobin posted:

I find it very weird because it was reported in the Stabroek News.  This newspaper tends to stay clear of sensationalism of this magnitude.  My gut feeling tells me that this is a scam or a gross exaggeration of the cost of the investment.   

Nice photo there with Miss Haniffa. 

@Totaram posted:

You must be exaggerating.  Where is the area would you find estates of 700 and 500 acres.   You must be counting some of the Atlantic Ocean.

Budhu estate is 700 acres. The 1,000 acres sold for the development was the property of one person. The plots are 500 acres each. Other owners going toward Mahaicony are the Indian families who own Carlton Hall, Fairfield, Broom Hall. The Juman family owned both Carlton Hall and Fairfield. Also the Subedar, Joree, and Khanhai families own large plots.

@Ramakant-P posted:

Are you talking about Chelsea Park?

No. Burnham built Bygeval school on Chelsea park in 1975.

Do dreams come true?

The luxurious estate homes of the Bay Golf & Country Club will be set amidst the backdrop of a spectacular David Hemstock Signature golf course and is designed to be an upscale community of tree-lined streets, fine homes, and modern amenities,” the businessmen said in a press release.

Persaud stated that a Memorandum of Understanding (MoU) is already signed with the Petroleum Club, headed by John Moore, Chairman of Agraria Inc. for a 75-unit luxury housing complex including a clubhouse, restaurant, and leisure facilities.

In addition, Phase One will encompass 150 condos, 200 luxury homes, and 50 executive homes, commercial centre and other amenities all set for completion within 14 months.

This venture is all about finance.  

@Bibi Haniffa posted:

No. Burnham built Bygeval school on Chelsea park in 1975.

Right!  I saw it when I left the country.

@Bibi Haniffa posted:

Budhu estate is 700 acres. The 1,000 acres sold for the development was the property of one person. The plots are 500 acres each. Other owners going toward Mahaicony are the Indian families who own Carlton Hall, Fairfield, Broom Hall. The Juman family owned both Carlton Hall and Fairfield. Also the Subedar, Joree, and Khanhai families own large plots.

I am quite aware of the vast rice lands the Joree and the Kanhai families.

@Bibi Haniffa posted:

Budhu estate is 700 acres. The 1,000 acres sold for the development was the property of one person. The plots are 500 acres each. Other owners going toward Mahaicony are the Indian families who own Carlton Hall, Fairfield, Broom Hall. The Juman family owned both Carlton Hall and Fairfield. Also the Subedar, Joree, and Khanhai families own large plots.

All these names you pelted out on this thread are known and dem boys researching to get all the gory details.

What are the roles of you and the Ramkarrans in this project? Alyoh bought the buck crab land at a cheap price and sold it for mega millions to the developers? lol! 

Mitwa, you're a riot