Comment history

DonAnthony says...

RCL has said in several weeks they will address these questions :

“Now that we have that agreement I’m hoping that in the next couple of weeks we’ll respond to each of the initial questions related to the first hearing as part of a 50-page extensive report.... You’ll see additional details on certain questions related to solid waste and waste water,” Mr Schneider added.

They already treat waste water on site on Coco Cay so they have experience. Regulators and environmentalists need to hold RCL to all these commitments.

DonAnthony says...

Quite melodramatic, and this doomsday forecast is based on what? RCL has a vested financial interest as does the government and Bahamian citizen equity owners to see to it that this does not happen. Thank goodness government is moving forward with this project as forecast (100% renewable energy, zero landfill waste and 100% on-site waste water treatment) and not listen to all these chicken littles.

DonAnthony says...

Gonsalves was spot on in his assessment. While crime is a multi dimensional problem and a failure on many fronts, chief among them is a disfunctional Bahamian judiciary. How many times do we see a person on bail charged with another violent crime before the courts and granted bail again? I wonder if these judges live in the Bahamas, they seem to have little sensitivity for the safety of the Bahamian people. Then at the same time they hand out draconian sentences for the most menial offenses and give a slap on the wrist to our most violent offenders. We need a massive overhaul of our judiciary.

DonAnthony says...

Can Minnis just retire? His tenure was disastrous for the FNM and the Bahamian people. Two of his MPs facing scandalous charges. Just move on and shut up, he had his time, time for new blood.

DonAnthony says...

Enjoy the breadcrumbs… says it all. Hate to see the masses of Bahamians share in the wealth creation of this country? We will take the breadcrumbs , at least it will be honest.

DonAnthony says...

Will be very interesting to see the valuation CFAL places on these very valuable shares. I have every expectation they will be significantly undervalued as I am sure the fund would like to repurchase them at as low a value as possible. This is why to have true price discovery these shares should be listed on BISX as soon as possible.

DonAnthony says...

Thank you, should have a valuation soon then.

DonAnthony says...

Almost certain CFAL said they would not be offering an updated share price valuation until the fund will begin purchasing shares from those who wish two sell, so almost 2 more years to go. The lockup period (1 year) has ended so shares can now be transferred. I certainly hope the shares will be listed on BISX eventually so we can have true price discovery and increased liquidity.

DonAnthony says...

Projects in the Bahamas are often amended based on the EIA. On the face of it there do not seem to be serious environmental issues: no dredging, docks to receive ferry will be on harbor side, no large hotels, just a beach house with cabanas etc. Waste and other issues will have to be adequately addressed but let the experts do their jobs before we overreact.

DonAnthony says...

Birdie not often I agree with you but on this issue I do. This is simple, the EIA must be completed first and all environmental concerns addressed so we have confidence the project can be completed in an environmentally sound way. Secondly, the template (similar to the Nassau cruise port) must be followed: 1% to a national fund and 49% Bahamian equity ownership achieved through a share offering filling the orders from the bottom up. That way potentially thousands of Bahamians can have ownership and share in the wealth creation of our beautiful bahamaland. Satisfy these two criteria and all else is noise in the market. There are a great deal of special interests only looking out for themselves and not the Bahamian people with this project!