Ann: Update on underground diamond drilling contracts, page-19

I wonder if DDH1 is interested in acquiring Swick?

NB the mention it got in las week’s West story, and the context ..
https://thewest.com.au/business/mining/ranger-deal-expands-driller-ddh1-ng-b881175806z

.....“He said DDH1 Holdings would continue to search for acquisitions but few companies met its criteria of a strong brand and continued profitability during the mining downturn.

The volume of work for drilling companies had picked up significantly but pricing remained competitive, as it did for many mining service companies, Mr Pollock said. “We think we are getting to the point where there will be some margin improvement,” he said.

Fellow driller Swick Mining Services last month reported a near doubling of its operating margin for the six months to December to 21 per cent.

DDH1 director Bryon Beath, of Oaktree, said the ability of the three companies to grow during the recent downturn was a testament to their high-quality, differentiated service.

Canada’s Brookfield Asset Management bought 63 per cent of California-based Oaktree last month.”


According to last year’s annual report there are not so many holders and IFL has now increased it’s stake to 14.89%



Interesting ...