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Major Drilling Group International Inc T.MDI

Alternate Symbol(s):  MJDLF

Major Drilling Group International Inc. is a Canada-based provider of specialized drilling services primarily serving the mining industry. The Company provides a complete suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/long hole drilling, surface drill and blast, a variety of mine services, and ongoing development of data-driven, high-tech drill side solutions. Its mineral drilling services include specialized drilling, conventional drilling, and underground drilling. It maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa, Australia, and Peru. The Company has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which it provides greenfield exploration drilling and/or drilling at operating mines.


TSX:MDI - Post by User

Comment by Dunworkin2on Dec 06, 2021 3:21pm
100 Views
Post# 34203401

RE:RE:A beat on revenue and eps

RE:RE:A beat on revenue and eps

FrozenInOntario wrote: And their outlook appears to be pretty bullish as per Larocque.  Understand that copper miners are still not releasing their bugets for next year.   2922 will be a very busy year.   And as was mentionned in previous conference calls, we are only at the beginning of a multi year bull market. 

Interesting to see that at the begining of a upcycle they are already painting numbers similar to what they were doing at the top of the last cycle.   D. Young of TD has this theory that this cycle will produce numbers that would much higher than previously as dirlling as the easy spots have been drilled before.

Of course, the stock is down upon release.   Might be the market that is wobbly at the moment.  

GLTA,

 

Add to the mix companies like SPOT and WIN who exist to help miners drill in the optimal locations. Will be an interesting period going foreword.
I too expected a better reaction to the quarterly results but the markets were very jittery last week. 

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