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Foraco International SA T.FAR

Alternate Symbol(s):  FRACF

Foraco International S.A. is a France-based company engaged in the mining, geological and hydraulic drilling sectors. The Company's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The Company operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy industry during the exploration, development and production phases of mining projects. The Water segment covers all activities linked to the construction of water wells leading to the supply of drinking water, the collection of mineral water, as well as the control, maintenance and renovation of the existing installations. The Water segment also includes drilling services offered to the environmental and construction industry, such as geological exploration and geotechnical drilling.


TSX:FAR - Post by User

Comment by matt2018on Apr 13, 2024 9:17am
26 Views
Post# 35987322

RE:RE:RE:RE:Cheers to all the longs

RE:RE:RE:RE:Cheers to all the longsShould just slap the $6M on the debt or buyback shares instead of paying a div.
You could buyback appr 2M shares with that money.
The stock appreciation you will get from quality company growing revenue while paying down debt and buying back shares is alot more value than money leaving the company that will be taxed by the gov't before the shareholders here get any.


savyinvestor333 wrote: I'm thinking Friday we will hear about the dividend payout date. The annual meeting is at 10am in France. It should be over and annouced before the TSX market open as there is a 5 hour time difference. I expect it will be declared and payed in around a month's time if it is done the same way as in the past. 


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