ThinkEquity's Immersive Visit to Guyana and Holder Resources Logging Operations
Guyana, August 2024 – In a significant move reflecting growing international interest in Guyana’s burgeoning economy, ThinkEquity, a renowned corporate strategic advisory firm, recently visited the South American nation. The visit marked an important step in strengthening the relationship between ThinkEquity and Holder Resources, Inc. (HRI), one of the leading players in Guyana’s forestry sector.
A Ground-Level Perspective on Guyana’s Forestry Sector
During their stay, ThinkEquity’s representatives met with key stakeholders, including the Guyana Forestry Commission (GFC), heavy equipment suppliers, logistics companies, and officials from the US Department of Commerce at the US Embassy. This series of meetings underscores the strategic importance of Guyana’s natural resources and the role of international partnerships in harnessing these opportunities.
The highlight of the visit was an hour-long boat ride that took ThinkEquity’s advisors deep into HRI’s logging concession. Here, they witnessed the company’s operations firsthand, gaining insights into the sustainable practices employed in felling and processing a variety of hardwoods. This immersive experience provided ThinkEquity with a comprehensive understanding of HRI’s capabilities and the potential for future growth.
Local Hospitality: A Taste of Guyana
In a delightful twist, the site visit concluded with a cultural experience as HRI’s Site Manager prepared Pepperpot, a traditional Guyanese dish. The meal was a hit with ThinkEquity’s team, adding a personal touch to the business trip and highlighting the warmth of Guyanese hospitality.
Testimonials: A Successful Visit
Reflecting on the visit, Karim Rammal, Managing Director of Global Corporate Advisory at ThinkEquity LLC, expressed his satisfaction:
"We went down to see HRI's operations and witness first-hand, Guyana’s booming economy. The best way to describe our experience is that neither Guyana nor HRI disappointed us!"
Lance Mishleau, CEO of Holder Resources, Inc., echoed these sentiments, emphasizing the importance of the visit:
"It was great to host the investment bank, Think Equity here in Guyana, to show them around this beautiful country. In our family’s 30-year history here, it is the first time an investment bank has come to check out our operations. We appreciate their interest and support and look forward to building a stronger HRI together."
Strategic Meetings and Future Plans
The visit wasn’t just about exploring the forests; it was also an opportunity for strategic discussions to enhance the value chain and boost stakeholder valuation. Key meetings included:
Guyana Forestry Commission: The Deputy Commissioner of the GFC offered HRI the first right of refusal on additional concessions. This gesture is a testament to the strong trust and strategic relationship between HRI and the Guyanese government.
Heavy Equipment Partnership Meetings: Discussions focused on sourcing critical heavy equipment to accelerate work and increase shipments, ensuring operational efficiency and capacity expansion.
Logistics Partnership Meetings: These talks centered on frameworks for exporting to dual markets, especially with HRI’s ongoing efforts to acquire its export license. This development is expected to enhance market reach and revenue potential significantly.
As HRI and ThinkEquity continue to build on this fruitful relationship, the future looks promising for the company and the broader Guyanese economy. The visit has not only strengthened bonds but also laid the groundwork for more ambitious projects soon.