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Foraco International SA T.FAR

Alternate Symbol(s):  FRACF

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

Comment by savyinvestor333on Mar 21, 2024 2:15pm
52 Views
Post# 35945507

RE:RE:RE:RE:RE:RE:And here we are Again

RE:RE:RE:RE:RE:RE:And here we are Again
nedstar71 wrote: That's a helluva list in that contest and given one of your 3 is flat very nice performance.
For a short time Ret.a was also my second largest position too but couldn't do it today with the lack of liquidity and management making it pretty clear they have no intention of playing ball.  At this point with all that cash to not even have the common decency to enact a NCIB is beyond anything I've seen.  They have abandoned the stock and appear to want it to remain the gutter, where it still trades, albeit barely. 

I have been in RET.A  since $.50 and did sell a good amount on the run to over $4.00 last Feb so it has been a great pick for me also. I have been content to add some back over the last year but it is tough to hold when it seems like everything is going up except it. It should shine if there is a Big Pullback in the overall market, as there is no Air in the stock. I wil hold for till results are out and go from there.
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