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 FrozenInOntarioon May 05, 2021 10:58pm

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Post# 33138392

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

So you think that our ceo and cfo owning 40% of the shares will agree to get diluted 50% ? These guys have skin in the game so would be surprised going this way. They must still remember when their stock was worth $ 5/share or 200 millions USD.
And what would the lenders do with their shares ? Incredible pressure on the share price.
Anyway, the more cash flow they generate, the more options will be available to them. And they did generate between 60-70 millions in free cash flows (operationnal cash flow) which would enable them to pay the debt in a couple of years.
Lets see them line up a couple of good quarters, it will give them more options.

GLTA

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