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.

TSX:FAR - Post by User

Foraco International SA

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Post by FrozenInOntarioon Mar 01, 2022 4:13pm

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Post# 34472582

Russia

FAR does drill in Russia but includes it with Europe Middle East and Africa. Tough luck as it was picking up + 45% last quarter. Anyway, one should expect a hit I guess, no idea as to the magnitude. Boart also has operations in Russia but did not mention anything last week on their conference call. Bottom line, should be a speed bump in the supercycle as Boart is seeing levels last seen in 2013.
I am out of FAR sub 2 but reallocated to GEO (yes !!!) and OGD (oups last quarter but better times are coming).
GLTA

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