Tuesday, May 06, 2008

Rocky Roads

(Click photo to enlarge)

Finally, after waiting and waiting and waiting and lots of frustration, we have the actual permits in hand to begin infrastructure development at our Roca Milagro development in Panama. Unlike many developments in the region that seem to be selling hype and hope in an attempt to raise enough capital to pay for everything, we have no debt and have enough funds on hand to do most of what we want to do. We have paid for the actual property, all the work we have done to date and we still have enough money in the bank to pay for the equipment and materials and labour we will need to finish building over three kilometers of roads, bridges over our streams, drainage culverts, and to lay pipes and conduits for our water and electrical supply. Now, all we need is to get the work done. Had we received permits in a timely fashion, we could have been finished with all that by now and would be selling lots. As it is, we're running a little behind.

Oh well.

I could be selling many more shares and partnerships in the development now. It wasn't like that at the beginning. I always find it strange that some people get 'the vision' of an enterprise before anything is even begun and others wait until much later, sometimes having to pay much more to participate and missing out on the really big profits that early participants enjoy. As it is, we have been able to put together an excellent group of investors. There is a very strong individualist, capitalist, libertarian contingent, with a few token more moderate individuals who somehow still get along with the more radical among us. Who would have thought, thirty or forty years ago, that individualists would be considered radical? What is the world coming to?

We have a crew of men working full time on building yet more rock walls to complement the several kilometers of walls that already exist on the site. Why? Well, we like the look. And we have to do something with all the hundreds of thousands of rocks that are strewn all over the landscape. And as we grade the road surfaces as seen in the second photograph above, the machines dig up yet more rocks. This may turn out to be one of those never-ending projects because it seems as though we will never run out of rocks. Oh well. As long as we don't run out of money. I guess that won't happen, but at some time we may run out of patience.

Over the coming weeks I hope to make more frequent appearances here and hope to get back to reading some of my favourite blogger friends as well. I miss that.

4 comments:

  1. When you say "some people get it early on" isn't it like early adopters with technology?

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  2. *LMAO*
    I had me a farm where I used to raise about a hundred bushels of rocks to the acre. Then one day I haul a bucket up out of the well, and so help me, the bucket is full of rocks...ROCKS! Well, I made me a decision right there and then: If I could find a man with $500 who liked rocks, there was gonna be another fool ownin' this farm...The Good Lord provided such a man, and here I am."
    - Karl Malden (from How The West Was Won

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  3. You're right, h.a., adopters of new technology are a good example. People who finance new technology are another. Not every new idea or new project is going to be a winner, but sometimes things are (or should be) a no-brainer. And yet, many good ideas and great projects go unfunded because someone doesn't get it. Conversely, a lot of money flows into things that never should have been financed. I guess it's not an exact science.

    Ted: One of the things we are thinking of doing is to build a pyramid out of some of our rocks. Nothing too large, perhaps with a 35 X 35 foot base and similar height, made with rocks and concrete and reinforced where necessary with rebar. At the top would be an observation platform where people could sit and look out towards Volcan Baru or the Pacific Ocean.

    If anyone reads this who has any idea of how to do this sort of thing, drop me a note. Ideas and suggestions are welcome.

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