TSX:MDI - Post Discussion
Post by
InFactsWeTrust on Jun 08, 2020 12:19pm
Picks and shovels...
I've been looking for a company that supplies the equivalent of 'picks and shovels' to the gold mining industry. This is it. Gold drilling is 57% of their drilling revenues, copper is 21%. The company is net cash positive, doesn't need any money in the foreseeable future, insiders are buying, they tend not to increase their share count and its trading close to all time valuation lows. According to Thompson Reuter's Stock reports, it missed its latest quarter, reported a few days ago, but beat TDSI's estimates. I expect analysts will be sharpening their pencils and upgrading this stock soon.
It is early days. You've got to go back to 2019 to see any comments here. Pick this up before it gets noticed and ride the gold and copper prices up. If we get a double dip in the markets, I think this will hold up better than any overpriced tech or scary financial.
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