Foraco International SA T.FAR

Alternate Symbol(s): FRACF

Metals & Mining Industrial Metals & Minerals

Foraco International S.A. is a France-based company engaged in the mining, geological and hydraulic drilling sectors. The Company's principle business consists of drilling contracts for companies primarily involved in mining and water exploration. The Company operates in two business segments: Mining and Water. The Mining segment covers drilling services offered to the mining and energy industry during the exploration, development and production phases of mining projects. The Water segment covers all activities linked to the construction of water wells leading to the supply of drinking water, the collection of mineral water, as well as the control, maintenance and renovation of the existing installations. The Water segment also includes drilling services offered to the environmental and construction industry, such as geological exploration and geotechnical drilling.

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Foraco International SA > And another high

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Comment by savyinvestor333on Apr 28, 2021 2:02pm

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RE:RE:RE:And another high

They mentioned on the last call that it is the people that will need to scale up when business picks up. Not an easy feat to expand head count quickly. The utilization rate was near capacity i believe last quarter. They never get to 100% i think 60% may be the max. Yes I did follow Boart a few years back on the Australia exchange but they always seemed to be losing money.

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