Foraco International SA FRACF

Primary Symbol: T.FAR

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.

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Foraco International SA

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Post by FrozenInOntarioon Dec 20, 2021 11:38am

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Post# 34247021

Brutal last couple of days

Pretty good slide in the last couple of days. All the drillers are not performing very well which would leads one to conclude that the market is forecasting the end of the super cycle. It is always possible. Of course, FAR had a pretty good run this year with their debt refinancing.
Lets see how this develops,
GLTA

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