RE:Actually, you're frustrating MonctonMuppets wrote: Gold is the commodity price that is increasing (hint: that's the one that matters to MDI) and your Newmont position is a loser thanks to $9B of debt used to cobble together 3rd rate mines in second rate jurisdictions. And for the FAR cheerleader...why? FAR trades at the same multiple, has zero institutional ownership and a terrible balance sheet when compared to Major Drilling. (FAR has Net Debt of about $75M and MDI has no debt and $100M in Cash)
Hello seeing that you asked I think you need to relook at FAR. It does not trade at the same multipke it has a P.E of 6 compared to 9 for MDI. Check out 1 and 5 yr returns 462% for FAR vs 67% for MDI. R.O.E for FAR is 38% vs 15.9 for MDI Gross Margin is also higher for FAR. Revenue run rate increasing faster than MDI. Starting a dividend. Somebody has been buying over 10 million shares over the last 3-4 months. If that is not Institutions I don't know what is. Should I keep going? Remember FAR reports in U.S. dollars. Nothing wrong with MDI just think the better value is FAR. GLTA