GREY:HYKCF - Post by User
Post by
David_Adellon Feb 26, 2010 4:04pm
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Post# 16824929
good news folks!
good news folks!I spoke with Gordon yesterday and he was very up beat . He said there is alot of interest in drilling again with several worldwide customers touring the operations in the last 3 weeks. He also said the the Mexican outfit is very pleased with the work so far and he thinks Hyduke wil be bidding againt no one else ( bascially bidding against the budget ) for additional contracts. He also said the plan was that the Company wanted to maunfuacture some stuff themselves and 'add on " to the base rig Hyduke is building. But it seems they are way behind schedule and Gord thinks they will secure additional work on the rigs because the mexicans are behind schedule and need the rigs ready fordrilling leases. He also said they secured half million dollar job for just a single part for a russian oil plat form and they were very impressed. They also toured the entire operation. These plat forms cost 500 million dollars to build so if HYD gets a few parts or components it could add to alot on the bottom line . I asked why it wasnt disclosed in a news release. He said it wasnt seemed major enough to be newsworthy ; it was more like a spec .build rather then a proper contract bid. He also said the Company is levering its expertise in drilling to manufacture alot of components for narrow case tubing and machinery applicable to mining exploration and that end of the business is soaring . The stock is trading in tight range as professionals are accumulating share from retailers who grow impatient. .