Quote:
Originally Posted by LisaNic
BT
I would be very interested in hearing your source for this?? It is an incredibly "off the cuff" remark. GS are just awaiting the final licence to be stamped (it has been agreed in principle). There are 4 main stages of licencing in Brazil and the following licences have been granted Previous licence, Installation Licence and the Provisory construction Licence. As soon as the final licence is stamped then all buyers can go to contract.
We have carried out "FULL" Due diligence on this projects and have researched through a lawyer the title of ownership for the land and all licence stages. I have a seen the first 3 licences and have no reason to believe the final licence wont be granted (given I have seen the licence in principle document) As for the licence not being granted because it is being built on sand dunes in nonsence. If this was the case licence stage 3 (Provisory Contruction) would not have been granted and stamped.
Please advise who has told you that the licence wont be granted??
Thanks
Lisa
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The last stage in licensing is by the state "greenbelt" people. Here in Sergipe they are called "Adema". And naturally one cannot destroy sand dunes that are more than 2 meters higher than road level. If this indeed will be the case, and the greenbelt people will not approve their project, they sure as hell wasted a lot of money when they should've went directly to the director of the state greenbelt beforehand and asked them to provide a "pre-survey". If one knows people in the local/state gov't. it's normally not too hard to achieve.
And naturally you guys that posted about investors investing in a project without full building permissions are 100% correct. That's just not wise.