RE:ORBIT GARANT FISCAL 2022 FOURTH QUARTER AND YEAR END RESULTS Well, the results were not terrible. Break even is better than being in negative territory.
This is probably where we are all hanging our hats:
"Customer demand for our drilling services remains strong, we expect our margins to improve as the price increases we have implemented on our contracts continue to offset cost pressurees on our business."
Sure sounds promising from a company that I have to give credit to, typically does not over promise. OGD has to be worth more than $18 million...no? Their debt is a little concerning but does not seem unreasonable.
Bought some more in the $0.50-0.52 range...I own way too much of this now for a retail investor, lol, absolutely classic... let's go OGD!