Post by
FrozenInOntario on Jun 18, 2021 10:07am
Canadian market
MDI did post their results : best quarterly results in the last 8 years. And "we continue to see a noticeable increase in inquiries from all categories of customers". Their report was for the year ended April 2021. Mobilisation cost (like OGD) was a drag on earnings but this is setting up the next quarters for very good results.
In the conference call, the CEO also mentionned also that Canada and Australia was leading the way. Also mentionned that price was not the main concern for client as availability was trumping it.
Of course the cycle could sizzle but gold is still around 1800 despite yesterday wobble. And copper/nickel has not started yet.
OGD is 85% Canada operations and the rest international. They still might have mobilisation cost but next quarter with May and June is prime drilling season so we should see pretty pretty good results. Nice set up. They should lead the drillers. GEO should do very well also in Africa.
GLTA