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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Comment by FrozenInOntarioon Dec 20, 2021 3:29pm

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Post# 34248009

RE:RE:RE:Brutal last couple of days

Good luck. Out of curiosity, short time trade ? Believe you had a good deal, with a small volume like this on the sale, it might rebound back quite quickly.
I did sold some when it was trading over 2 $ plus. Not very tax effective but plowed back into other drillers that I tought were more attractive (mostly OGD but some GEO too). Of course, now OGD is trading close to 52 W lows, so basically turned a buck into 4 quarters.
Have trouble reconciling what I read about demand/price for precious metals as well as copper/supply deficit/electrification versus the performance of the drillers. Looks like the market is predicting a fall from a cliff despite quite robust financings in the sector.
GLTA

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