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Orbit Garant Drilling Inc T.OGD

Alternate Symbol(s):  OBGRF

Orbit Garant Drilling Inc. is a Canadian-based mineral drilling company. The Company provides both underground and surface drilling services in Canada and internationally to major, intermediate and junior mining companies, through each stage of mineral exploration, mine development and production. It operates through two segments: Canada (including surface drilling, underground drilling and manufacturing Canada), and International (including surface drilling and underground drilling). Its drilling services include surface drilling, underground drilling, geotechnical drilling, directional drilling and reverse circulation. The Company also provides geotechnical drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies. It manufactures custom drill rigs and ancillary equipment for its own use and manufactures conventional drill rigs for third-party customers from its facilities in Val-d’Or, Quebec.


TSX:OGD - Post by User

Comment by John14v3on May 06, 2021 8:42pm
159 Views
Post# 33149484

RE:RE:OGD Earnings Release 3rd Qtr earning release

RE:RE:OGD Earnings Release 3rd Qtr earning releaseGood summary and great intel Frozen, thank you.

I agree. We need some good results to really justify a >$1.00 stock price and get interest outside of the usual shareholders. It is always nice to see these pops like today but realistically, good results over the next 2-3 quarters will really justify a $2-$3 share price. If the results are good and volumes start to pickup in order to absorb some profit taking, OGD should march up to $2.00 pretty quick with the tight share structure.
We are watching inflation start to trickle in across all asset classes. If Gold continues on the march up to $2000/oz throughout summer, this should be a great foundation for OGD.

i am still concerned about there debt that got moved the current liabilities. Mostly worried because I don't entirely understand how the refinancing process works. But I assume this is very favourable times for low interest rates and if you have a real business. 

Lets see. The Lord Bless and keep you all!
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