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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 savyinvestor333on May 26, 2021 11:18am
94 Views
Post# 33267631

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

RE:RE:RE:RE:RE:RE:News Out on RefinancingYes it was a fairly large position and if you don't want to kill the demand and price you need to dribble the shares out. If you look back at Foraco's trading history there is lots of times it barely traded in a week. It would even  been hard to  sell 10.000 or  20,000  sharesas theire was no bid or 500 shares bidding. Even now thier is never a big bid but there does seem to be a few iceberg bids that don't show on Level 2. Maybe going forward this will change as interest does seem to be picking up.
I have exited Geodrill also. After the large shareholder kept selling I decided it was another illiquid stock and as I get older I do not want to have in my portfolio. They are both still on my watchlist along with MDI and OGD and I could get back in with a good pullback but at a smaller position size.
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