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Foraco International SA T.FAR

Alternate Symbol(s):  FRACF

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.


TSX:FAR - Post by User

Comment by FrozenInOntarioon May 26, 2021 10:50am
70 Views
Post# 33267413

RE:RE:RE:RE:RE:News Out on Refinancing

RE:RE:RE:RE:RE:News Out on RefinancingPatience paid off and congrats on the investment.    Once one starts to sell, it is difficult not to liquidate the whole position.    As i believe in that this is just the beginning of this cycle, still buying at this level. 
Do not really understand the getting trapped for the next 5 years.   No idea about the size of your position but Foraco was able to buyback in the market without an impact in the last years.   Of course, if one has a sizable position, it might be difficult to sell in one day but this is one of the reason microcaps are interesting for small investors.
Do you have any other drillers ? Curious as the activity on the various boards is minimal despite a pretty good run for all of them since this fall.

GLTA
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