Forage Orbit Garant Inc T.OGD

Alternate Symbol(s): OBGRF

Metals & Mining Industrial Metals & Minerals

Orbit Garant Drilling Inc. is a Canadian-based mineral drilling company. The Company provides both underground and surface drilling services in Canada and internationally to major, intermediate and junior mining companies, through each stage of mineral exploration, mine development and production. It operates through two segments: Canada (including surface drilling, underground drilling and manufacturing Canada), and International (including surface drilling and underground drilling). Its drilling services include surface drilling, underground drilling, geotechnical drilling, directional drilling and reverse circulation. The Company also provides geotechnical drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies. It manufactures custom drill rigs and ancillary equipment for its own use and also manufactures conventional drill rigs for third-party customers from its facilities in Val-d’Or, Quebec.

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Forage Orbit Garant Inc

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Post by FrozenInOntarioon Aug 23, 2021 3:44pm

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Post# 33749707

Insiders sale and purchases

One of the risk factors that they identify is Pierre Alexander stake, who owns 25% + of the company.
Interestingly, he dumped 114000 shares at the end of June when the stock dipped under $ 1.00 and sold more than 500 000 shares in July that were bought by the CEO, Eric Alexander.
Pierre Alexandre started to work as a driller in 1974, so he should be over 70. Need to do estate planning also. As he still close to 9 million share, would not be surprising to see Orbit Garand in play in this cycle. Also note that they are manufacturing their own rigs and 46 of them are automated. Wonder if Major Drilling will come knocking at their door.
Anyway, lets see their results in september, they should be very very good.

GLTA