Bullboard - Stock Discussion Forum Foraco International SA T.FAR

Alternate Symbol(s): FRACF

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... see more

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TSX:FAR - Post Discussion

Foraco International SA > Drills are hard to come by...

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Post by FrozenInOntario on Apr 05, 2021 11:08am

Drills are hard to come by...

At around the 7:45 mark , the ceo is complaining that this is not the best time to drill because of the activity and drills are hard to come because of the activity in the Abitii region. A pretty good indication that utililization and drilling rates will increase.

And I would venture that if Abitibi is booming, so are other geographic regions. Confirms that the increase in booking at the end of the year was sustainable.

https://www.youtube.com/watch?v=CBAKY_bEmH8

GLTA