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30.0¢ swick mining services ltd

I would also agree with this summary from motoracebeerguy. Many...

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mockage

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21/04/19

07:47

Post #: 38219201
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Originally posted by Motoracebeerguy: ↑

Yes Sabine I don’t believe the market trusts them. For many years now they have been talking a much better game than they have played.

Even of recent times they alluded to utilisation of 90 percent and then the announcement comes out at 76.

Its just the the way it has been.

I agree it looks like they have turned the corner financially and there should be upside here however the boy that cried wolf comes to mind.

I think once the market see that it is real it will move forwards. I don’t think that will be until early next year.

All the talk of market leading productivity doesn’t appear to have given them any great sales advantage. You would think that if their rigs were that superior you would have every mine in the world clamouring to get the rig that gave them a cost and productivity advantage however it doesn’t seem to happen.

Orexplore has been very slow to gain traction as well. May yet prove to be a great thing but again at this stage is all talk no action.

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I would also agree with this summary from motoracebeerguy. Many times they have over-sold the outlook and not achieved as expected hence market is suitably cautious.

SWK Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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