31 January will see the release of the next quarterly update...

31 January will see the release of the next quarterly update including actual cash flow and an operational update which is likely to show continuing mobilisation of additional rigs, and perhaps some wins on tenders lodged since the last quarterly update together with some commentary on the tender pipeline for calendar 2018 and 2019.

My sense is that quarterly cash flow will trend higher for the next 2 to 3 years setting the business up for a strong FY19 and FY20 profit result and a substantially higher share price.

These guys provide relevant and precise information in their quarterly reports and are just good at their core competency and are deserving of much more kudos than what the market currently gives them but in time their consistent and strong operating cash flow that will eventually translate into high ROE once all rigs are deployed in 3 year contracts will see a much higher share price - closer to 10 cents perhaps within a few years.

I'm here for the long term and feel very relaxed about business conditions for drilling service providers to the resources sector at least for the next few years, and especially this business which is well managed by capable people.