Posted On: 05/14/2014 10:32:01 AM
Post# of 17862
JB, the simple fact is HIMR dropped the ball on this. Think about your comment "CET went through the same thing." When there was a delay getting the other permits HIMR should have seen what happened to CET and been aware of this. They were not aware, otherwise they would have altered their pr's to reflect the slower timing.
You are also correct about the politics in Panama, (read corruption). Just a guess but greasing some palms probably moves this along a lot quicker.
HIMR will go through a lot more dilution during the summer waiting for this permit. by the time Q2 gets reported in august, the O/S will likely be in the 17-19 billion range. The company cannot afford any more delays or we will be looking at a reverse split. I know what the company said about a R/S but they didn't see this extended delay. This is a game changer.
Odds are against it but maybe someway they get this permit in the next 2-3 months (grease palms?) and get to logging.
HIMR is still on the learning curve of getting this business going. Hopefully they get up that curve quickly. I still have all my shares. Kindof stuck like the rest.
jmo
tex
You are also correct about the politics in Panama, (read corruption). Just a guess but greasing some palms probably moves this along a lot quicker.
HIMR will go through a lot more dilution during the summer waiting for this permit. by the time Q2 gets reported in august, the O/S will likely be in the 17-19 billion range. The company cannot afford any more delays or we will be looking at a reverse split. I know what the company said about a R/S but they didn't see this extended delay. This is a game changer.
Odds are against it but maybe someway they get this permit in the next 2-3 months (grease palms?) and get to logging.
HIMR is still on the learning curve of getting this business going. Hopefully they get up that curve quickly. I still have all my shares. Kindof stuck like the rest.
jmo
tex
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