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Forage Orbit Garant Inc T.OGD

Alternate Symbol(s):  OBGRF

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.


TSX:OGD - Post by User

Post by John14v3on May 12, 2022 12:43pm
207 Views
Post# 34678272

Earnings out

Earnings outI am trying to figure out if OGD will ever become profitable.... these earnings reports are painful to read. A company of this size has to break even on $45m revenue in a quarter.... Whenever I see 'profitability may return later this year or next year', I know I should run... I am substantial shareholder and if I were to sell, this SP would bottom out... well, I guess it's the same reason why people stay at casinos, roll the dice and see if next year brings good news.

Maybe Frozen will prove me wrong and explain the good.

Take care and God bless you all!

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