MSV 2.44% 40.0¢ mitchell services limited

Ann: Acquisition of Radco Drilling, page-9

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    The transaction is expected to deliver multiple strategic benefits ,these will set Mitchell up to be a compelling business
    Niche market of underground coal drilling and gas drainage service
    This next part means so much to any company yet overlooked by a lot of investors , the highly regulated nature of this type of drilling creates a barrier to entry for new competitors

    Allows the contracts-tenders to combine both surface and under ground as a package

    A drilling business is all about quality of its people, this new acquisition gives Mitchell more certainty about its underground drilling contracts

    The acquisition is very good for Mitchell it cements their future , the announcement by Nathan is first class ,management are doing everything possible to ensure this company becomes ---Profitable
 
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