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Major Drilling Group International Inc T.MDI

Alternate Symbol(s):  MJDLF

Major Drilling Group International Inc. is a Canada-based drilling services company primarily serving the mining industry. It provides a complete suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, and a variety of mine services. It maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa, and Australia. The Company has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which the Company provides greenfield exploration drilling and/or drilling at operating mines. The Company has invested in a fleet of digitized mobile underground drills that allow less dependence on client resources, as well as increased ability for automation and versatility.


TSX:MDI - Post by User

Comment by lr7on Jun 25, 2008 9:54pm
346 Views
Post# 15230296

RE: bottom has been put in

RE: bottom has been put inI added  more today at $46.25.  Even if this isn't the bottom, I consider MDI very low risk at this price.  At worst it's dead money through further volatility until we get more earnings reports.

Another note: The Chairman, David Tennant, bought at higher prices not long ago.  If you look at his record of buys and sells at sedi, you'll see that his timing is quite good.

I also regard Energold EGD as a buy, but between the two at current levels I'd go for MDI first as the more senior company with the more consistent past earnings record.
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