In line with my expectations - H2 should be our bread & butter for the mentions mentioned above:
- roll out of more rigs & the associated large contracts that may come with them
- more opportunities for VYS to expand (i.e. if they utilise all rigs perhaps they will more strongly consider expanding/acquiring more)
- employee benefit expenses cheapen as COVID takes less of an impact; i.e. can source domestic talent a bit better opposed to locals at these sites due to travel restrictions easing.
Looking for $6m+ EBITDA for the year, which looks to be well on the way to. I think someone mentioned that Dec-20 was a slow month with maintenance and repairs going on. Is there only one large maintenance month in each financial year? or do they happen twice a FY? Not too sure about this!
Thanks,
Xxx12
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In line with my expectations - H2 should be our bread & butter...
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