EBITDA and cashflow continue to disappoint
Sales at 20 mil for the month of March - Very good with new rigs to be commissioned.
Looking for sales to be converted at higher Profit and cashflow margins once they are operating at 85 rigs.
Overall the long term still looks good but they will probably miss their guidance of EBITDA of $40 to $44 mil for 2021/22.
Ann: Quarterly Investor Update, page-3
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