drbubb

Gran Columbian Gold & other favorites GCM.t ... update : @ $3.44 Some favorites : ROXG.t, GORO... chart: +SSP :

March 28th Presentation : > http://s21.q4cdn.com/834539576/files/Q4-2018-Results-Presentation.pdf HIGHLIGHTs 1 2 3 4 5 Priorities 1.Complete CA$20M bought deal private placement of convertible debentures. 2.Continue implementation of optimized mine plan at Segovia:–Expand infrastructure to access deep levels at El Silencio and Providencia.–Continue ventilation improvements at El Silencio and commence Sandra K.–Continue El Chocho tailings storage construction and commission filter press. 3.Expand planned 20,000m drilling program at Segovia with bought deal proceeds to accelerate step-out and brownfield drilling to increase reserves for production growth and mine life extension. 4.Complete technical studies for underground expansion project at Marmato. 5.Provide technical support to Sandspring; monitor opportunity in Venezuela.

BULLBOARD Comments - on Reserve Life etc Reserve life of 3 years at 220,000 oz/year - Too Cheap? Why? I am very new to this story, as in stumbled on the name one hour ago. Help me out here.... The GCM valuation appears to be dirt cheap based on trailing profit and margins. Elephant in the room is that the P&P reserve life of 688,000 oz will only get them through 36 months or less, depending on ramp up. With exploration being conducted in 2019, does anyone have any commentary on potential reserve grades in undeveloped area. What if they grades are low or not significant? ..I assume that this is the reason for the discount that it is currently trading at. / 2 / a few years ago gcm had zero p&p ounces. if you only look through the narrow tunnel p&p, you would have shorted gcm expecting it to go out of business with zero p&p ounces, and then gone crazy watching production dramatically increase every year. / 3 / The discount is based on the history of the company and the mines. This company had a market cap around US$1bn with less production than it has now when it bought Marmato quite a while ago. But then costs were high, the gold price went down, they took too much leverage and then they ran into problems with artisanal miners and were blocked from developing Marmato as an open pit. Shareholders got smoked and there are a lot of gold investors who won’t get involved with a stock that has burned them before. They now have cash flow and access to capital markets to invest in the mines. They have a plan for Segovia and a plan for Marmato. It takes a while for investors to notice but maybe when it gets big enough for GDXJ, they will notice. RE:just start my new position marketcap is below 3x earnings now and below 2x Ebidta ... absolutely strange... i already own a lot of shares sold 1/4 of the position near 4.50 CAD ...i will buy again near 3 - 3.20 CAD ... not sure this stock will reach this target... Read more at https://stockhouse.com/companies/bullboard#tOCexuUAVbE12ys2.99

DIFFERENT SIDES - of the Railroad Tracks RZZ / Abitibi runs ahead GZZ vs. RZZ ... update : more /10d : $0.34 / $12.00 = r- 0.00% Ratio: xx xx

MORE CHARTS I think the follow ratio will bottom soon - and could shoot up fast VII.t to-NatGas -Last 12 months - Support at 3.5 ratio? USO /US Oil etf ...has popped up over a LT moving average Chart ... update : w/CNQ : FOCUS on SWN / Southwestern SWN-etc ... chart : $4.60

7G: " Earnings reports were good. But the last quarter, not so good " Seven Generations delivers $1.67 billion of adjusted funds flow, or $4.60 per share, up 36 percent in 2018 Proved plus probable reserves valued at $12.3 billion by independent reserve evaluator as of December 31, 2018 / Note: at C$9.00, MktCap.= C$0.00 Bn./ February 28, 2019 CALGARY, Alberta--(BUSINESS WIRE)-- 2018 HIGHLIGHTS 2018 adjusted funds flow of $1.67 billion or $4.60 per share, representing a per share increase of 36 percent compared to 2017. 2018 net income of $440 million, $1.21 per share. Operating income of $574 million, $1.58 per share, up 76 percent versus 2017. As of December 31, 2018, 7G’s trailing 12-month return on capital employed was 12.9 percent and its cash return on invested capital was 19.1 percent. 2018 sales volumes were 16 percent higher than 2017, averaging 202,600 boe/d, with liquids representing 60 percent of 7G’s total production. Condensate sales of 76,400 bbls/d increased by 25 percent in 2018. Fourth quarter condensate sales were 81,800 bbls/d, total liquids sales were 129,200 bbls/d, and total sales were 215,100 boe/d. 7G’s market access initiatives drove fourth quarter natural gas realizations to $4.77 per Mcf due to the company’s marketing arrangements in the US Midwest, Gulf Coast and Eastern Canada. 2018 capital investments were $1.77 billion. Drilling and completion costs per-well were reduced by 10 percent year-over-year. 7G completed its natural gas processing facility at Gold Creek on time and under budget. The facility successfully tested its 250 MMcf/d design capacity during December. Year-end gross proved plus probable (2P) reserves of 1.64 billion boe were valued at $12.3 billion as at December 31, 2018, on a before-tax net present value basis, at a 10 percent discount rate, by McDaniel & Associates Consultants Limited (McDaniel), the company’s independent qualified reserves evaluator. At 2018 production levels, this represents a 22-year reserve life index. Surpassing the 200,000 boe per day milestone “Our hard-working team delivered excellent technical, operating and financial performance in 2018, achieving a significant milestone – annual average production that exceeded 200,000 boe/d. Capital investments of $1.77 billion remained within our capital guidance range as we grew daily production by 16 percent to 202,600 boe/d and enhanced the value of our assets through disciplined scientific analysis and successful delineation drilling,” said Marty Proctor, 7G’s President & Chief Executive Officer. Enhancing asset value with disciplined self-funded investment in 2019 “Assuming a WTI oil price of US$50 per bbl and a Henry Hub natural gas price of US$3.00 per Mcf in 2019, we plan a self-funded capital program of $1.25 billion, about $500 million less than the 2018 program. This 2019 capital plan maintains annual average production above 200,000 boe/d while continuing to enhance the value of our asset base through further delineation of the lower Montney and development of the Nest 3 and Nest 1 areas of our Kakwa River Project. Our strategy in this commodity price environment includes lower growth that mitigates production decline rates and preserves our top-tier drilling inventory, disciplined execution to improve operating and capital cost efficiencies, infrastructure investments to lower operating costs and expand margins, plus delineation drilling to increase our inventory and maximize lower Montney value,” Proctor said.

LAM gets a bid 0.385 +0.02, +5.48% Open: 0.365 / High: 0.395 / Low: 0.355 / Volume: 182,120 chart ...update : 10d etc :

AIRDROP ! Free Tokens ! CEstates is planning to do a "Free" airdrop of Tokens Making real estate easy for everyone! BUY | EARN | SELL Tokenized Real Estate Platform You can sign up HERE ... > https://cestates.io/signup

7G, DOWN but not out! VII-etc / Seven Generations ... update : 10d : VII.t vs. NGas (etf for Nat'l Gas) ... update : The recent Fall in Natgas prices may be why VII is falling Mostly seasonal? : seasonal : I think the follow ratio will bottom soon - and could shoot up fast VII.t to-NatGas Earnings reports were good. But the last quarter, not so good (see next)

Underlying shares (of discounted Debs) WILD (ex-DHX) -etc. from Jan.2016: 6/1/2017: ==

WTI Crude up 2.41% to $61.59 Is this an important Breakout? (over $60 Resistance) WTI Crude WTI to Gold Ratio I note that URA / Uranium share etf also had a good day: +2.72% to $12.83 But URA itself has NOT broken out yet

*the Worst of both worlds": EU taxes, and no exit, no say National Bugle Radio with Patrick Slattery 4.1.19 1.Apr 2019 Britain definitely left the EU on March 29, right? — With Mark Collett Also, an analysis of how the Trump presidency was lost (for now at least), anarcho tyranny, how our history is being taken away from us, and why MP3 : http://media.blubrry.com/rbn/s/content.blubrry.com/rbn/stream_2019-04-01_125957.mp3

US Dollar - is the Big Slide finally due? I am watching to see if there is a breakdown in these charts > Below $97 & then $96? DXY / Trade-weighted US Dollar... 3-yrs / 10d - Last: $97.06 - 0.17 / 10d

NEXT Up : Wish List : What would be the features of a Local Portal website?

How you can you have a deficit in residential units when you increase its supply 100pct in 2 years??? The new condos- many are not yet turned over. And many are occupied by Chinese workers and tourists

" It is the same thing that I read about Avida Southpoint. I believe all foreign slots also gone. " I was told last week that Southpoint Tower-1 had sold out its 20% allocation for Mainland China, but not for all foreigners MEG stock : chart : at P5.80, it looks like an interesting Selling point - unless you think it can breakout

Gambling Boom has pushed Manila Bay property to skyhigh levels Look at these prices from SMDC Bayshore Properties for Resale from 63 Realty Inc./ 63 Fang Example: P17.0 Million / 56 sqm = P 303k per sqm Duterte Opens Up The Philippines To Chinese Workers, As Filipinos Seek Jobs Overseas Chinese workers are “flooding” the Philippines. That’s according to a story published recently in South China Morning Post. Worse, Duterte’s administration is losing count of how many Chinese workers are in the country legally or illegally, according to the same source. . . . A total of 3.12 million Chinese citizens entered the Philippines from January 2016 to May 2018, according to the Bureau of Immigration. Within these figures is a number of Chinese workers, which is still unknown. What isn’t unknown is the number of Filipinos seeking jobs overseas, which reached 2.2 million as of 2016. That begs the question: Why is the Philippines opening up its labor market to foreign workers when it cannot provide jobs for its own people? It is known that the Philippines unemployment rate stands at 5.1% in 2018, well above China’s 3.82%. Meanwhile, China’s GDP growth stands at 6.5%, well ahead of the Philippines 6.1%. That begs another question: Why are Chinese workers heading to the Philippines when there are better opportunities at home? . . . Chinese contractors have been heading to the Philippines to get a piece of the country’s infrastructure spending boom. “A combination of Philippines President Duterte’s USD180bn ‘Build, Build, Build’ program and the Chinese One Belt, One Road initiative has created one of the largest infrastructure construction booms in Asia,” Eijas Ariffin in a piece in THE ASEAN POST. And as is the case in Africa and other Asian countries Chinese contractors are bringing along their own engineers and their own workers. Apparently, the pay is better than home. Meanwhile, Chinese citizens are snapping up local properties in rich districts. “In Manila’s main financial district and its fringes, signs of the new inhabitants are everywhere: the restaurants serving steaming Chinese hotpots and dumplings, Mandarin broadcasts at the Mall of Asia, and the soaring property prices,” reports Bloomberg. Then there are gamblers heading to the Philippines, as the Chinese government cranks down on conspicuous gambling in Macau by its citizens. And as Chinese gamblers come to the Philippines, so do related businesses, like restaurants and entertainment staffed by Chinese workers. “An estimated 100,000 migrants, mostly Chinese, have flooded into pockets of the Philippines capital since September 2016, and the deluge is rippling through the city’s real estate market in ways that are unique among the world’s urban centers,” continues the report.“While Chinese investors have been snapping up big swathes of high-end housing in Hong Kong, London and New York for years to move their money offshore, this new rush is motivated by something different: Manila’s booming gaming industry.”

DISCUSSION #2: (On a chat for owners in a particular building - where a 2nd chat was opened to include agents) I hope we will find agents (on the other chat) who will support the market in a serious and professional way. Not just try to harvest cheap flats here. Z: They are the ones working in realities they like getting unit details. I'd receive messages like that, i normally ask if they have a real client or directly talking to one. I chance upon meeting secondary market agents, it's amazing how aggressive everyone is now. B: They want listings but may have no clients. Many add no value since they are not direct to clients. Those we should weed out. In fact. We may want a portal that has direct access for buyers and sellers. Not just agents Z: Ideally B: Not sure if you are aware of CEstates, Z. But they are working on a platform which may revolutionize the secondary market Z: Im not but i looked it up. It be great if that would be the future of real estate here. You see one of the challenges in the PH is documentation. When i was in the US last yr i assisted a successful agent, i noticed how sophisticated the software/system there. They have this MLS (multiple listing service) etc. I hope PH will have something like that. B: I own or have owned property in: USA, UK, HK, PHP, & Thailand. The system in PHP is very primitive and needs change. I have spoken with the Chairman of CEstates and he also believes the market here is primitive and needs to change. He is open to suggestions from me (and others) about how the new & changed market might look Z: Yea. You need (a huge) amount of patience here. Cool B: I am refining a little draft memo about this... to share with CEstates chairman, to see if he will buy into the idea of a slimmed down LOCAL PORTAL. Top 3 issues: Transparency, Efficiency (shortening chains & reducing cost), Enhanced local knowledge Foreigners friends have said: "where is the secondary market? I cannot find it" Financing issues might be tackled later - once the effort has more credibility M: tell your friends this: Negligible secondary market because developers are flooding the market with new developments. Buyers inexperienced in the PH market (not PHP, that's the peso) prefer developer direct over fuzzy secondary because it seems so much easier. B: Maybe... But I know smart and experienced buyers who want to buy secondhand, and get frustrated using websites like OLX because there are so many "spoof" deals there. Agents are looking to collect prospect details, and they do not have the properties they advertise. Sometimes they had them months ago, but they were sold, but they keep ads going as a way of collecting new leads. Why are (secondary market) deals FUZZY? New seems Fuzzy to me. You cannot see what you are buying M: Common theme is overweening self interest. Now even if you can un-fuzz the secondary market, for as long as developers seem easier to buy from, that's where most of the action will be. Actually savvy secondary buyers have the means (and savvy) to get their deals done. But still, it's nice for you to keep trying. The freer the market and the more the options, the better for participants, on balance B: I get your point. And the whole point of this exercise is to make the Secondary market more transparent ("easier to see"), easier to use, and cheaper to transaction. M: (New Fuzzy?) Yeah, People get fooled by show flats, scale models, and renderings... which is why I wish you well in this project B: I think we can find some common purpose in cooperating with people to make the secondary market in our immediate area more efficient. BTW, I do not think I am alone on this desire M: Re OLX, I've not met anyone who got a deal done via an agent (though the probably are some). People I know who transacted successfully were direct B: I have 2-3 friends who found bargains on OLX. And their experiences are part of the reason I think this project might work M: I'm not saying olx is a dud or no bargains can be had. Just that it's full of make believe, the way to get a deal there is to work directly with the counterparty, no middleman B: There were agents involved in two of those OLX deals. One was a Korean agent for a korean seller at One Central. The other buyer found a P3Million studio at Asten last July. In fact, he also found a cheaper one a few weeks earlier, but I talked him out of it, because there was big beam in the unit. haha. BTW, I call those make believe listings: "SPOOF" deals... which agents use to harvest buyer interest M: Korean seller will need an agent. But Pinoys usually won't, unless they're overseas or truly not up to it. Meanwhile, agents like data gathering for their own use. Anyway, secondary is going to stay limited for as long as new inventory keeps coming. B: I know many who want to buy the Bargains in the 2nd market, but cannot easily find them. I envision HUBS; where someone who wants a Bargain near City Gate would join the Hub, and get a look at the baragins there. And the interested buyer would communicate with Owners or Agents who have keys. No spoofers M: An owners and direct buyers site may work. If there are fakes , they get reported and the unit be banned for listing B: Yup. That is basically what I have in mind. But I would allow pre-qualified agents to join too... To widen the marketing effort. Agents who do not behave properly would get expelled. And the agents would agree to follow "Best Practice", as specified for the Hub Women used to talk about "taking back the Night." If we get properly organized, we buyers and sellers, we can "recapture the Market" from the self-interest of Developers and Agents, who think they can trample on the interests of their customers

DISCUSSION: Q: What are the top 3 specific challenges you would like to see the portal solving ? A: Top 3 issues: Transparency, Efficiency (shortening chains & reducing cost), Enhanced local knowledge Foreigner friends have said: "Where is the secondary market? I cannot find it" Financing issues might be tackled later - once the effort has more credibility Q: What is wrong with OLX and Lamudi? They have a good list of secondary market properties A: I disagree. They are not doing an adequate job. Have you tried to use OLX? Or Lamudi? They are loaded up with stale and "spoof" transactions. And many brokers are there using false information to try to "harvest" unsuspecting buyers. (Q posted this: "I think those 2 sites plus the others are now trying to seek the legal portion of the transaction ... what we might need then is a FSBO site ...") Q: On Transparency: Many moons ago when the zonal valuation was still very low compared to actual market values, a lot of Tax Cheating was going on ... so there was never a transparent real closing sale value ... this has narrowed down now that zonal values have gone close to market values. A: As for zonal valuations, I find this bizarre: I spoke to an Avida sales person, who was trying to sell me on the virtues of Avida Sxxxx. She wanted to sell me a 23sqm studio at P4.5M. After listening for a bit, I told her that I wanted to sell my own unit of 22sqm in the very nearby Avida project, and I asked her "what do you think it is worth?" Suddenly, she wanted to talk about Zonal values. (And would not discuss yields.) I asked her: Why is the Zonal valuation relevant for my almost new property, but not for your new property? She had no answer Q: Maybe you need to talk to more seasoned brokers. You might have received a more satisfying answer A: My second question was: Why is my already-finished unit, closer to Greenbelt, with furniture inside, and able to earn a good return like 8% or more - Not better in every way than your new project's studio where the buyer will not get a key for some years? Again, no answer. What would the seasoned guy say in response to these meaningful points? Q: There are brokers who were licensed for the sale of new projects for developers and there are brokers who became licensed as a profession. The later should be able to provide more satisfying responses to such questions. A: She brought up Zonal values only in reaction to my (surprise) question about pricing of the finished nearby project, also by Avida. xx So... I expect the Seasoned guy would probably just walk away. (haha) And THAT is exactly the problem that intelligent sellers face. The gap between the primary and secondary market is big and widening, and it is almost like a Taboo subject to talk about it. Agents will not show their buyers the (cheaper) secondary market price when they think they can get an easier commission by selling a more expensive new property. They pursue their self-interest, not their customers interest. I still believe that the REAL PRICE is the secondary market price. In more developed markets like HK everyone knows that. In PHP people seem to want to pretend that the real price is the developers price, when in reality only developers are able to Sell at those (high) prices. Those who want to resell their condos might get 25-35% less than developer prices. === Comment: A PRECEDENT? for an effective Portal I think ten-x commercial is a good site similar to what you’re speaking about. You may need to connect to a US server via VPN to access the site. Sign up and pretend to be interested in a property- you can see the entire “package of docs” you can download. I can send you a sample for your reference if you have difficulty logging in. Consists of in-depth knowledge of the area, statistics both good and bad, tenant lease agreement (if unit is tenanted), rent rolls, history of recent repairs made A: Interesting precedent

Farage to Breitbart: Parliament Betrayed Us, ‘I’m Ready for the Next Battle’ Brexit campaign leader Nigel Farage has told Breitbart London’s James Delingpole that he is ready to keep fighting for Brexit, and despite the ongoing betrayal of the 2016 vote by the British political establishment he remains upbeat. Comparing Brexit — the political and constitutional revolution required to untangle the United Kingdom from 40 years of integration with the increasingly centralised and autocratic European Union — to some of the other great political upheavals in British history, Mr Farage said he was ready to fight the next election. With an even deeper Brexit betrayal looming, which is likely to see the nation kept in the European Union for months or years into the future, it is becoming more and more likely that Britain will be forced to contest the European Parliament elections in May. Despite the disappointment of the March 29th Brexit day being cancelled by the Government even though the date was guaranteed by the Prime Minister in the House of Commons 108 times, Mr Farage said he was upbeat and ready to keep fighting. He told Breitbart London’s James Delingpole at the Leave Means Leave pro-Brexit rally in Westminster that, “Nobody in this country has spent more time, given more effort energy and love to this cause, of us becoming an independent United Kingdom. I should be the most depressed person here, and yet I’m not. I’m ready to fight again. “We’ve been betrayed by much of Parliament, a duplicitous Prime Minister.”

WATCH – Delingpole: Brexiteers Much Nicer than Remainers

Burn, Witch, Burn! — Theresa May Denounced as Liar and Traitor for Brexit Betrayal “I could tear this place (Parliament) down and bulldoze it into the river! These fools and knaves (MPs) are voting on things they don’t even understand…. I wouldn’t vote for Theresa May’s deal if they put a shotgun in my mouth.” — MP Mark Francois, hardline Tory Brexiteer Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! https://www.whatreallyhappened.com/#ixzz5jhIQkuhd

(Original version of the memo in pieces... Suitable for mobile phones?) THOUGHTS On a Local Property Portal (to share & discuss with CEstates) I believe… We need online local property portals that provide direct access to pricing information for buyers and sellers. Not.just agents Already, CEstates are working on a platform which may revolutionize the secondary market. As someone who has bought and sold property in: USA, UK, HK, PHP, & Thailand, I find the system in PHP to be very primitive and in need of change. The developers are well served by the current system, but not buyers and sellers. Those who want to sell their properties in the secondary market, are especially poorly served. And prospective buyers of properties in the secondary market have very limited information on what prices have been achieved and what is on offer. The result is ... a sluggish and frustratiing secondary market with limited liquidity, and lack of transparency... slow, inefficient and often expensive transactions. I know the Founder of Cestates and have had several meetings with him. I want encourage CEstates to start with a slimmed down version of their system, maybe without the Cryptos. The slimmed down version might be offered on A TRIAL BASIS only within a few small local hub areas. And perhaps Alveo’s recently turned over Kroma Tower, where I am about to move, might be within one of the first Hub locations that could be launched. In my formulation: only those who are direct buyer or sellers, or their representatives on each side using a maximum one agent would be able to access the Local hub. Commissions might be in the region of 2.5-3% all-in. / 2 / Anyone who wants access as a buyer, seller or agent would have to qualify in some way. For instance, sellers might have to show a copy of a clean title. Buyers to show they have some cash. Agents would need to be licensed, and demonstrate they have some genuine knowledge of the local area, and the condos within the local hub. This would help to assure that those who want to buy and talk to Hub participants, that there are getting access to people with sufficient local knowledge, and knowledge of a building's amenities and its special features. Participants would also be expected to have some common agreement on pricing. The idea to use the qualification process, and the hyper local focus on only a few buildings, to eliminate some of the issues that would delay a transaction, (this idea and the thinking is still in flux, so it may go in a different direction, or the qualification process may morph. But that is how I see it now.) If two agents are involved, one for the Buyer and one for the seller: then they would each get a piece of the commission and something would go to the platform too. If the buyer or seller enters portal directly, then the total commission might be less than 3%. The chain would be kept small, with maybe two agents maximum. Those who qualify would have access to some transparent (& verified) info on the buyer's unit or the seller's requirements. / 3 / Hyper-Local focus. Example: "City Gate Hub" Once again, each Local portal might only include a small number of buildings. For example, the "City Gate Hub" might include just Kroma, Rise, Air, and One Central - and perhaps Two and Three Central as well. Maybe people who can prove they own property in one of those building would have preferred access to their local portal, and maybe pre-qualify. Each portal might have a "champion" (or champions) who would collect and update specific details of the properties within the local area Many may agree that PH property selling needs a major upgrade - and especially the secondary market. Aside from local portals, people want to see things like centralization of listings, enhanced laws, etc. But as one person, or as part of a small group, it is maybe impossible to change the laws of a country. We don't have to wait for that. We can launch an a Local Hub portal within the existing law, The aim would be to encourage some different behaviors on the part of buyers, sellers, and agents. The present challenges and possible solutions need to be thought through and brainstormed to make the new system work. It can be introduced first at a local level, without needing to educate the entire Great Manila area, or the whole country. Later, what has proven to work, the portal and its practices can be discussed with the press. Then maybe the idea will spread to other local areas, creating more hubs in an organic way, driven by the demands of buyers and sellers who want improved efficiency and access to their own hub. / 4 / I have had some successes (including some Noteworthy & even "celebrated" successes?) in creating new markets, and bringing in new market practices in business areas like oil trading and within the global shipping market. I have some idea of the challenges, and the way to tackle the issues that come up, Of course every market is different, and PH has some unique challenges. But my historical experience leaves me with confidence that change can happen, and it can be initiated with a few small steps, if they are the right first steps. Having said this, I will need help and cooperation from others, and I encourage people to step forward who may want to help on this project. Initially, it will involve voluntary rather than paid efforts. Nevertheless, pioneers may find rich rewards, as they have in markets that I have helped develop in the past. The first step will be more brainstorming on the requirements and challenges to make the portal idea work. I envision a series of meetings where the idea(s) will be presented and discussed, as the concept slowly evolves into a working system.

The pathway to $1.50 MUX ... update :

THOUGHTS On Local Property Portals -in Makati & Beyond THOUGHTS On a Local Property Portal (to share & discuss with CEstates and others) I believe… We need online local property portals that provide direct access to pricing information for buyers and sellers. Not.just agents Already, CEstates are working on a platform which may revolutionize the secondary market. As someone who has bought and sold property in: USA, UK, HK, PHP, & Thailand, I find the system in PHP to be very primitive and in need of change. Philippines property developers may be well served by the current system, but not buyers and sellers. Those who want to sell their properties in the secondary market, are especially poorly served. And prospective buyers of properties in the secondary market have very limited information on what prices have been achieved and what is on offer. The result is ... a sluggish and frustrating secondary market with limited liquidity, and lack of transparency... slow, inefficient and often expensive transactions. I know the Founder of Cestates and have had several meetings with him. I want to encourage CEstates to start with a slimmed down version of their system, maybe without the Cryptos. The slimmed down version might be offered on A TRIAL BASIS only within a few small local hub areas, in small neighborhoods within Makati & BGC. Perhaps Alveo’s recently turned over Kroma Tower, where I am about to move, might be within one of the first Hub locations that could be launched. In my formulation: only those who are direct buyer or sellers, or their representatives on each side using a maximum one agent would be able to access the Local hub. Commissions might be in the region of 2-3% all-in. Anyone who wants access as a buyer, seller or agent would have to qualify in some way. For instance, Sellers might have to show a copy of a clean title. Buyers might show they have some cash. Agents would need to be licensed, and demonstrate they have some genuine knowledge of the local area, and the condos within the local hub. This would help to assure that those who want to buy and talk to Hub participants, that there are getting access to people with sufficient local knowledge, and knowledge of a building's amenities and its special features, The idea to use the qualification process, and the hyper local focus on only a few buildings, to eliminate some of the issues that would delay a transaction, (this idea and the thinking is still in flux, so it may go in a different direction, or the qualification process may morph. But that is how I see it now.) If two agents are involved, one for the Buyer and one for the seller: then they would each get a piece of the commission and something would go to the platform too. If the buyer or seller enters portal directly, then the total commission might be less than 3%. The chain would be kept small, with maybe two agents maximum. Those who qualify would have access to some transparent (& verified) info on the buyer's unit or the seller's requirements. Hyper-Local focus Once again, each Local portal might only include a small number of buildings. For example, the "City Gate Hub" might include just Kroma, Rise, Air, and One Central - and perhaps Two and Three Central as well. Maybe people who can prove they own property in one of those building would have preferred access to their local portal, and maybe pre-qualify simply by owning property there. Each portal might have a "champion" (or champions) who would collect and update specific details of the properties within the local area. Participants would also be expected to have some common agreement on pricing. Many investors whom I know agree that PH property selling needs a major upgrade - and especially the secondary market. Aside from local portals, people want to see things like centralization of listings, enhanced laws, etc. But as one person, or as part of a small group, it is maybe impossible to change the laws of a country. We don't have to wait for that. We can launch an a Local Hub portal within the existing law, The aim would be to encourage some different behaviors on the part of buyers, sellers, and agents. The present challenges and possible solutions need to be thought through and brainstormed to make the new system work. It can be introduced first at a local level, without needing to educate the entire Great Manila area, or the whole country. Later, what has proven to work, the portal and its practices can be discussed with the press. Then maybe the idea will spread to other local areas, creating more hubs in an organic way, driven by the demands of buyers and sellers who want improved efficiency and access to their own hub. I have had some successes (including some Noteworthy & even "celebrated" successes I can describe) in creating new markets, and bringing in new market practices in business areas like oil trading and within the global shipping market. I have some idea of the challenges, and the way to tackle the issues that come up, Of course every market is different, and PH has some unique challenges. But my historical experience leaves me with confidence that change can happen, and it can be initiated with a few small steps, if they are the right first steps. Having said this, I will need help and cooperation from others, and I encourage people to step forward who may want to help on this project. Initially, it will involve voluntary rather than paid efforts. Nevertheless, pioneers may find rich rewards, as they have in markets that I have helped develop in the past. The first step will be more brainstorming on the requirements and challenges to make the portal idea work. I envision a series of meetings where the idea(s) will be presented and discussed, as the concept slowly evolves into a working system. ===== LINKS: CEstates --- : https://www.cestates.io/ Ten X Commercial : https://www.ten-x.com/commercial/ Lauren Property -- : https://web.facebook.com/pg/Lauren-Property-Listings-for-Sale-970276926511231/reviews/?ref=page_internal 63 Realty /Fang -- : https://63fang.ph/property/香格里拉the-rise-makati单间出售/