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

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Post by FrozenInOntarioon Apr 30, 2021 2:01pm

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Post# 33102391

Results are out

So results are out. Seems good to me, as they are almost breaking even with some capital outlays to sustain their new contracts. Still negotiating on the debt.
Tone of the conference call was good, understand that the market is good, more capital allowed to drilling by majors but still not going crazy like in 2011-2012. Still have 15% capacity available and 25% for possible rate increase to get back to prior peaks.
So far, so good. Does not explain the big pop pre earnings so lets see. The next quarters are promising.
GLTA

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