JB, as you know I don't do predictions, but I will
Post# of 17862
JB, as you know I don't do predictions, but I will say that whatever does happen will depend on the news. If we have a concession or maybe two and start harvesting immediately by whatever means, then we could see a really nice up-tick regardless of the sellers. I say this based on what happened with HIMR's predecessor AQCI. When AQCI started harvesting with only a prototype and with limited depth capability, their stock soared. At one point, AQCI shares traded for $1.28 per share. Now remember, AQCI did not have a concession. Instead, they had permission to test their machine and harvest timber to prove their model.
And harvest they did. They harvested enough wood to build Atlantic City's famed Board Walk, and other projects as well.
Although HIMR may start harvesting with divers, the last press release indicated the concession is worth double what was thought. This tells me there is either many more trees than previously thought, or the trees found there are a lot more valuable. Perhaps both are true. So even harvesting two to five trees per day with divers may produce some reasonable revenue.
As I said, it depends on the news. Hollund may have much more to tell us than news of a concession or maybe two. It's this additional news that could drive share prices even higher, and I will let your imagination run with that idea. I will only say that there are lots of possibilities for what might be revealed.
Fingers crossed, and hopeful.
Kgem