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  4. Hollund Industrial Marine Inc. (HIMR) Message Board

Excellent post Dano9008. The ATH was extremely

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Post# of 17862
Posted On: 02/05/2014 11:04:55 AM
Posted By: Kgem
Re: dano9008 #11405

Excellent post Dano9008. The ATH was extremely successful, and the future looked bright for this prior company and management, but then everything fell apart. We can blame the management for overbuilding equipment, but first we must examine what they faced. At the time, the Lake Volta concession in Ghana was up for bid, and Hollund had it (at least six to twelve machines were needed). A race for funding and immediate development ensued, and the Prime Minister of Canada (Clark) backed our competitor largely based on family and school ties. The result, Triton ended up with the concession because world-wide financing dried up for Hollund. Triton, on the other hand, continued to receive funding because of the backing of Canada’s Prime Minister (CSR is part of Triton). Triton’s technology was initially a submarine (a machine we hear very little about since they started logging operations). Within months, the Sharc was introduced as an alternative to the submarine technology.










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