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Major Drilling Group International Inc T.MDI

Alternate Symbol(s):  MJDLF

Major Drilling Group International Inc. is a Canada-based provider of specialized drilling services primarily serving the mining industry. The Company provides a complete suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/long hole drilling, surface drill and blast, a variety of mine services, and ongoing development of data-driven, high-tech drill side solutions. Its mineral drilling services include specialized drilling, conventional drilling, and underground drilling. It maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa, Australia, and Peru. The Company has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which it provides greenfield exploration drilling and/or drilling at operating mines.


TSX:MDI - Post by User

Comment by BigA!on Aug 30, 2012 4:41pm
129 Views
Post# 20281579

RE: MDI

RE: MDI

Lots of drillers are getting crushed. GEO took a hit a while back and yesterday EGD had a brutal beat. I imagine many who hold one driller hold others. EGD had poor results, and said juniors are about gone for the moment while majors are keeping a steady pace. Everything EGD took a blow, margins, meters drilled, utilization rates, etc. However management did have positive thoughts looking 6 months out, with expectations that margins will revive and juniors will come back. FAR said similar things on the most recent call. EGD commented seniors represent about 70% and utilization rates were hig 50, low 60 range. 

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