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Energold Drilling Corp EGDFF

Energold Drilling Corp provides drilling services. The company's reportable segments are Minerals, Energy, and Manufacturing. Minerals segment provides drilling services in the minerals industry for parties principally in North America, Mexico, the Caribbean, Central America, South America, Africa and Europe. Energy segment provides drilling and other services to the energy sector in Canada, the U.S. and South America, and Manufacturing segment is engaged in designing, and manufacturing of equipment for water well, mineral exploration and geotechnical drilling companies. It generates a majority of its revenue from the Minerals segment.


GREY:EGDFF - Post by User

Bullboard Posts
Post by DoubleManon Feb 02, 2013 2:03pm
451 Views
Post# 20929371

The graph tells the tale

The graph tells the tale

The stock is now down over 50% from it high just over a year ago...and now there are reports that some investor houses indicating that the stock is still too high to buy in. We must also consider dilution at the shares are now at 35 millioin, about double in just a couple of short years.

Alas i feel the run was good while it lasted. I forsee stagnant growth until management contains the share dilution and focuses on U.S. dollars as their business currency. Maybe the company was just growing too fast and now it has settled in for the long term. 

Time is the factor but my guess is lucky at about 5% per year over the next few years unless they are aquisitioned or head over to the TSX board.

Just my opinion

Bullboard Posts