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Major Drilling Group International Inc T.MDI

Alternate Symbol(s):  MJDLF

Major Drilling Group International Inc. is a Canada-based provider of specialized drilling services primarily serving the mining industry. The Company provides a complete suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/long hole drilling, surface drill and blast, a variety of mine services, and ongoing development of data-driven, high-tech drill side solutions. Its mineral drilling services include specialized drilling, conventional drilling, and underground drilling. The Company maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa, and Australia. It has two categories of customers: junior exploration companies and a diversified portfolio of senior/ intermediate companies, for which the Company provides greenfield exploration drilling and/or drilling at operating mines.


TSX:MDI - Post by User

Post by MonctonMuppetson Sep 20, 2024 12:35pm
49 Views
Post# 36233361

Curious why...

Curious why...With gold up more than 40 percent this year and Major Drilling's share price negative for the year the best this management team can do is blame the results on the junior resource market? Every quarter the big accomplishment is retiring three old rigs and buying three new rigs. That isn't steering the ship - it's just lazy. For example, the Company just elected nine directors. Why does a $700M market cap Company need all the cost associated with nine little piggies feeding at the corporate trough? I don't even have to look to know none of them have invested their own money (much like management btw!) buying the stock. Get to work.
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