SWK swick mining services ltd

Agree totally - there must be some idle rigs ready to buy or a...

  1. 282 Posts.
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    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
 
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