Tuesday, May 06, 2008
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.
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.