Energold Drilling Corp EGDFF

Metals & Mining Industrial Metals & Minerals

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.

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Energold Drilling Corp

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Post by NineLiveson May 31, 2019 2:47pm

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Post# 29789572

Another quarter another loss

Funny but I actually thought they might breakeven this quarter. How wrong I was.

Loss of $2.4 million, margins lower, cash lower.

I'll post the link and you can make up your own minds.

One thing to add - with all these drillers making zero profit, Major, Precision and Energold drilling etc: how long will they survive and who will do the drilling? Don't understand why they just don't all raise prices. Oh is that not allowed !!!!!

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aEGD-2767721&symbol=EGD&region=C

Good luck to all.

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