RE:RE:Life after eanings...Hi John,
On the competitors :yes but they either are more diversified (MDI FAR) or operating in other juridictions (Africa for GEO) On the Covid front, Orbit has contracts with Agnico Eagle in Nunavut. If you take a look, there was a lockdown in december lifted on January 17th. So it validates what they were saying. As I mentionned this is temporaty. This raises a pretty good point however, is that Agnico contract at risk now that they merged with Kirkland Lake or does it opens up possibilities ?
Contracts : we should hope so otherwise they are incompetent. They did mention that hte raises they got would offset their costs.
Basically, they have to increae their rates substancially to offsett their cost and provide historical margins.. If they can not do it in this environment, they will never be able to do it. Let see how they fare next year.
Dividend : start pushing but they need to make some money before.
GLTA