VYS 0.00% 39.0¢ vysarn limited

Feel like you're a disgruntled Forge investor or at least here...

  1. 1,478 Posts.
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    Feel like you're a disgruntled Forge investor or at least here with disingenuous intent.

    If its that easy, go buy your own rig. No doubt you'll be able to sign FMG, RIO and Hancocks from day dot...

    'While FY2020 EBITDA of $6.03m was primarily contributed to b a gain on bargain purchase, management anticipates that subject to rig utilisation, the Company will exceed this financial performance from operational earnings in FY2021. Management also anticipate that a material outperformance of this EBITDA benchmark is possible if several earmarked multi-rig, multi-year contracts are won leading into June half of FY2021.'

    We are a niche drilling provider with few competitors in a space with high demand for services. 'New dual rotary rig costs and lead-time are a significant barrier to entry.'


 
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