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 > why i'm out

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Comment by savyinvestor333on May 05, 2021 4:27pm

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RE:RE:RE:RE:RE:why i'm out

I think it will have to be a debt for equity deal. They can't carry this kind of debt even if someone refinances it. Could be why the shares keep trending higher. They will have to issue alot less new shares the higher they go. Say if the debt was $146 million If they refinaced at .50 a share they would have had to issue 292 million new shares Now they only need to issue 112 million shares. That puts us at roughly 200 million shares outstanding and a market cap of 260 million. Still way cheaper than MDI at 590 million.

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