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 Ferociousbearon Nov 12, 2021 8:31am

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Post# 34118642

This Co. will turn around soon

Operating profit of $3.3M for the Canadian division and operating loss of $2.2M for the International division. There is a problem with international operations because of mobilization costs. International division will not be operating at a loss for too long.
There is also inflationary pressure in the industry which affects every company. Good news is that they have pricing power, $108 per meter and growing.

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