Energold Drilling Corp EGDFF

Metals & Mining Industrial Metals & Minerals

Energold Drilling Corp provides drilling services. The company's reportable segments are Minerals, Energy, and Manufacturing. Minerals segment provides drilling services in the minerals industry for parties principally in North America, Mexico, the Caribbean, Central America, South America, Africa and Europe. Energy segment provides drilling and other services to the energy sector in Canada, the U.S. and South America, and Manufacturing segment is engaged in designing, and manufacturing of equipment for water well, mineral exploration and geotechnical drilling companies. It generates a majority of its revenue from the Minerals segment.

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Energold Drilling Corp > Market cap $9 million LMAO

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Comment by NineLiveson Jan 10, 2019 4:31pm

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Post# 29214968

RE:RE:Market cap $9 million LMAO

The only bottom I see has Hamster poo all over it. Market cap about $9 million. Seems cheap. Not cheap enough for the stock to go on a bull run as there is too much debt. BUT cheap enough for some enterprise to buy the company and possibly make a better go of it.

I bought this in the 90's for 12 cents a share and played the up's and downs but stopped the game once their margins collapsed. If Fred had used options and forwards to protect the currency switch they would have been in a much better place. But the FX losses and untimley corporate plays have turned this stock into a fight for survival. CABO drilling has gone under, but Major drilling has hung on and is doing okay. There is room for growth, depends if EGD finds it !.

Need to get those margins higher, protect the currency exchange, fight for those contracts and sell some IPT shares, among other things.......oh and some fresh management.

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