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 > Well I dipped my toe in again

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Comment by NineLiveson Jun 28, 2019 5:27pm

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Post# 29874992

RE:Well I dipped my toe in again

Can’t see it happening Hawk! MDI’s burn rate is huge and they have been suffering through large losses too. What this industry needs to do is start raising prices. That is also a problem as Juniors won’t be able to afford them. So the only route at this time is to slim way down and let demand dictate the price. JMHO. EGD had a great niche industry going with mobile rigs but a whole bunch of bad business desicions has got them to this stage. Plus the fact they never protected foreign currency payments which I’ve been chastising them for over the last 15 years. See the last 15 years of posts....lol.

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Advancing flagship Ishkõday Gold Project in Ontario