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Servotronics Inc V.SVT


Primary Symbol: SVT

Industrials
Servotronics, Inc. develops and manufactures servo controls and other components for various commercial and government applications, including aircraft, jet engines, missiles, manufacturing equipment and other aerospace applications. The Company's Advanced Technology Group (ATG) segment designs, manufactures, and markets a variety of servo-control components, which convert an electrical current into a mechanical force or movement and other related products. Its servo-control components produced include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices. Its operating facilities are located in Elma and Franklinville, New York. The Company’s products are marketed and sold throughout the United States and in selected foreign markets.


NYSEAM:SVT - Post by User

Servotronics Inc
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(11)
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Comment by vinniePon Aug 14, 2018 4:04pm
85 Views
Post# 28459629

RE:RE:RE:RE:Drill Permit

RE:RE:RE:RE:Drill Permit
ewandf wrote:
i agree we need news of gaining the permits, but according to Mr McGrath, the rig has been confirmed, after the bidding process was completed. The speculation is when/if we get the permit to drill. GL.


About six weeks ago it was stated that, according to McGrath, a bidding process was completed and a drill rig confirmed. Close to four weeks ago, all necessary permits were received for its "planned exploration and development programs". A PEA was slated to be completed for the first quarter along with receiving these permits. I get delays and the challenges that California brings, but seriously, once paperwork was submitted for the permits and an outside firm hired to do the PEA, is there not sufficient time to have a drill programme lined up and ready to commence? Someone also said that the last financing would be able to fund phase 1 of the drilling, so what's the hold up? Wow!
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