GREY:EGDFF - Post by User
Post by
LTOWNERon Feb 24, 2012 1:24pm
431 Views
Post# 19580990
Silver Bonus
Silver Bonus An interesting bonus for shareholders - EGD owns just under 7 million shares of Impact Silver (IPT) which has recently moved into the $1.90 per share range.
Gavin Graham is on BNN's Market Call tonight and airing again over the weekend. EnerGold took off from $4.77 mid-January, after Graham named the company as a Top Pick, saying "earnings have exploded". EGD announced record revenues, earnings and margins in the first 3 quarters of 2011 - a breakout year. EGD manufactures its own specialty rigs which it upgrades continually and cash flows are being used to increase the number of rigs available to meet record demand. According to EGD's Investor Presentation in November, the company is operating flat out. Current & past clients include most of the leading global mining companies who represent approximately 70% of users of EGD services. 9 mo. eps were
.33, up from
.02 in 2010 and earnings have been growing q by q.Two recent acquisitions are fueling growth and with $25 million cash on the B/S EGD is still set up for additional mergers and takeovers. The acquisition of Bertram Intl. in July will provide diversification into oil and gas drilling, smooth seasonal fluctuations and provide more visibility due to Bertram's focus in the Oil Sands.