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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

Post by assdrillingincon Jun 30, 2019 4:43pm
478 Views
Post# 29877434

The down fall

The down fallShake my head at Energold and their past , They pretty much had the niche in the drilling market with man portable rigs. They had ex Pat's working who knew the drills and how to put core in the box. The Energold name was number 1 in the market.Then the accountants decided that they could drill meters on spread sheets and Davidson broadcasts to the world that he could train locals to be drillers in less then 6 months. Then the ex Pat's who built up his company ,working in areas around the world that no other drilling outfit would touch.(drunks and womanizers)is what they were referred to and the cause of the world minig recession . Then Davidson and his board start buying up bankrupt outfits.and leave the same people in charge thinking it would make a difference. Dando Drilling. Worst mistake that they made Bertram. Paid way to much Crossman. Same millions for what, a couple of small DDH rigs. Could of bought new ones Time to clean house. Time to downsize let go the second floor. Save a bundle in rent. L.Woody good bye And 50% of the Accounting department. Promote,Promote Impact silver get the share price up and dump that stock. Pay off the local suppliers and get out there and get contracts. I will keep watching this company and hold on. Maybe a miracle will happen, if not then I will at least have paper for the toilet
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