Foraco International SA T.FAR

And another high

[FrozenInOntario]

A bit surprised by the run pre earnings.   They should be posting pretty good results, but then, it would be the same for the other drillers.  And I do not see MDI, GEO or OGD having the same run.

So, maybe they are getting a super deal on refinancing ?  Or getting in negociation to be bought by MDI ?  Anyway, lets see friday 

GLTA

[savyinvestor333]

Somebody must know something. Probably the refinancing is attractive  but it may be getting ahead of itself.

[FrozenInOntario]

Lets see friday when they update.   Thinking about it, when FAR was trading at it ATH at the peak of last cycle, gold was trading for less and copper was around the same price.   So, everything being equal, we could get a bounce back to $5 quite quickly.   Mind you, they did not have any debt then or not at this level. Of course, could be a false start, but that

[savyinvestor333]

They mentioned on the last call that it is the people that will need  to scale up when business picks up. Not an easy feat to expand head count quickly. The utilization rate was near capacity i believe last quarter. They never get to 100%  i think 60% may be the max.  Yes I did follow Boart a few years back on the Australia exchange but they always seemed to be losing money.

[FrozenInOntario]

MDI mgt was also mentionning that there is a shortage of drillers. When they were looking at M&A, they were not interested to buy rigs without crews. You are right on the utilization rate, by definition they can't get to 100% because some rigs are located in locations (think up north) where the drilling season is short.   Add to the downtime between jobs, maintenance  and