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.

Thank you, should have a valuation soon then.

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.

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.

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!

Very simple to explain: Minnis and the FNM negotiated a terrible deal, a give away of crown land to foreigners, Davis negotiated a deal to empower Bahamians (1% to national fund and most importantly Bahamian ownership of 49% equity). This should be the template for all FDI projects going forward.

Have a little more faith in humanity. Try to think the best of your fellow Bahamians instead of always assuming the worst. Hard to thrive wallowing in cynicism. As for Toby none of the crown land he has been seeking is involved in the RCL deal. I wish him as all Bahamians nothing but the best but it far better for thousands of Bahamians (as potentially in RCL deal) to become shareholders than for just one person to benefit and have it all.

What more do you want government to do, buy the shares for you too? Opportunity is there, save and invest. If 12,000 Bahamians did it for the Arawak port they could do it for this offering. The reality is many Bahamians spend a large part of their discretionary income on gambling. Hard to save to invest if you just giving it to the numbers man.

Does your cynicism know no bounds? What makes you think Mr. Maura does not genuinely want tourists to experience the real Bahamas outside the port? You think you love the Bahamas more than him? 90% of the Port’s revenue comes from a passenger facility fee whether or not not they even disembark from the ship. Other revenue ( restaurants, shops etc) is as they say in New Orleans, lagniappe, the cream on top if you will. The port is a slam dunk investment winner on the port fee alone. So I don’t doubt for one moment he is genuine and wants happy tourists who explore new providence and spend more money. It’s good business for the port and good for the Bahamas.

Not a few, many. Opportunity is there take advantage of it and stop distorting and whining. The Arawak port is a great example with over 12,000 Bahamian shareholders, they all found at least $1000 to invest. Could be the same with RCL offering. Wake up, stop wasting your money on numbers and invest in the Bahamas!