Yes, Well funded partners may step in. That means the partner will likely get the lions share of the income, which reduces himr's profit.
But consider this. Tigerlynk, the prototype was in operation more than 10 years ago. And it pulled a number of logs in Brazil "proving itself". Pulling trees much smaller and much shallower than a lot of the trees in Lake Bayano. What happened. nothing. The machine seems to have disappeared. If it was such a great success, somehow, some way, it, or an updated model would have been working in some capacity. didn't happen. That, in itself, says a lot.
Back to today. Again the trees we are looking at pulling from Lake Bayano, are much larger and heavier than the machine from 10 years ago could possibly pull. Even the scaled up version, promoted back then, could only lift less than 3 tons. Not near enough for the big trees in Panama. That leaves only a newer redesigned machine, from top to bottom, will need to be developed. Time and money.
And again, if some someone with deep pockets finances the development, speeding the process, those deep pockets will get a substantial portion of the profits, That will reduce the potential himr share price accordingly.
Himr, is close to generating revenue. I think it probable they will be able to show us the first pulled trees in 3-8 weeks. By June, if all goes well, maybe pulling 2-3 trees/day, or 10-15 week. This is an optimistic timeframe but one, with luck, could happen. (of course, himr is not known for being on time.)
I hope they are indeed starting to work on other concessions. but its, imo, highly unlikely they will close on a second one until they prove themselves in Panama.
So, concentrate on Panama this year. Develop a good process that they can present to new potential concessions, and don't over reach. Do that, and the share price will move accordingly.
