Ann: Update on underground diamond drilling contracts, page-15

In case it is of interest to anyone:
According to the AFR  Swick competitor, the Oaktree-backed and long term successful DDH1 Drilling’s is about to list as a public company:
https://www.copyright link/business...e-ipo-candidate-class-of-2019-20190428-p51hxf

“Macquarie set to introduce IPO candidate class of 2019
APRIL 28, 2019

“As fund managers flock to Sydney for the annual Macquarie equities conference starting Tuesday, a select group have been invited for a sneak peak at five initial public offering candidates.
Street Talk understands Macquarie will unveil its IPO class of 2019 at a dinner on Monday night - and the line up makes for interesting reading.
........
The second fresh face is DDH1, which is backed by US alternatives giant Oaktree Capital Management and has been busy snapping up drilling businesses.
DDH1 is pitched as Australia's biggest diamond drilling contractor, operator of the country's newest drilling fleet and a diversified customer portfolio from within the hard rock (non-bulks) minerals industry.......”



https://www.mining-journal.com/deals-finance/news/1361405/ddh1-ownership-changes-with-ranger-deal
DDH1 is a highly reputed and long-established WA based company that  incidentally has an office I walk past on the way to the beach (which is probably why I took note) and that last week acquired Ranger Drilling ;

... “ A specialised deep-drilling contractor with 55 diamond-core rigs, DDH1 added a surface iron ore drilling focus with Ranger and new exploration drilling fleet with Strike. The company recorded revenues of circa US$90 million in 2018, up 45% year-on-year, and a US$8 million net profit. It reportedly has about 700 employees....”


Cheers