SWK
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0.00% 30.0¢ swick mining services ltd

Ann: Trading Halt, page-9

  1. Nano_Land
    217 Posts.
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    19/09/19
    09:43
    Post #: 40476924
    Agree totally - there must be some idle rigs ready to buy or a contract or an acquisition. They have a $38m banking facility that is not totally used, they could sell OreExplore, they could sell their above ground rigs for $8m (book value) that are essentially idle. If they waited 6-months they would report a cracking 1H19 result given current utilisation and rig count and the stock would trade at least to NTA (32c)?

    There better be more to this story
    SWK Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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