Life after eanings...Ok, listened to the conference call. No questions. Only tidbits of info : the slowdown due to Omnicron starting in December is also noticeable in January. So it might have an impact on the 3rd quarter. On the plus side, they recruited/trained 100 additional drillers. Utilisation rate is above 60%.
The way I see it : Drilling that gets delayed is not cancelled so I am not too concerned about it. Now, can they jack up their margins from this miserable 6.5 % level ? Looking at prior years, they were able to clock 20% margin. Heck, Major Drilling is able to do more than 20% right now.
Assuming these margins, they would have realized 16 million more or 12 millions after tax after 6 months. 24 million annualized. 40 millions shares including options. 0,60/share. Current price is now at 0,70. Seems cheap to me. Margin can expand. Utilisation rate can expand. Or the price of gold and copper gets whacked because we are in a recession/depression. And then who cares.
So, can they get their margins back up to historical level when miners are full of cash ? The odds would appear to be quite good.
GLTA