Foraco International SA T.FAR

Alternate Symbol(s): FRACF

Metals & Mining Industrial Metals & Minerals

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

Foraco International SA > sell target here?

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Comment by savyinvestor333on Jan 16, 2024 11:08am

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Post# 35829046

RE:sell target here?

We are at 1/2 the valuation of MDI with better growth. MDI has a much higher target price than it's current price. So a double just to get to MDI's current valuation. If MDI moves higher over that time we should also get that premium. Short term $4.00 is very doable.

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