HDX hughes drilling limited

anyone in?

  1. 1,087 Posts.
    lightbulb Created with Sketch. 16
    Speculator just picked up some at 4c. Just reading his overview and the reports posted on here and am shocked theres not more interest in this stock. Fingers crossed it stays at a good price for long enough for me 2 sort out some funds to buy :D. with an ROE of 28% going to 35% With a competitive edge being able to supply drills in a quarter of the time it takes for its competitors. In a market where demand is out stripping supply, and not as subject to the ebbs and flows of exploration funds, as the blasthole drilling is only used for extracting proven resources.

    *Any other significant positives i have left out on this overview people would like to add?

    From what i can see the only down fall albiet a big one, is 1m in cash and 20m in debt, but unlike alot of the exploration and small cap miners i usually like, This company has a steady flow of cash with drills being hired out for upwards of 6.5 years at a time. (although one doesnt know how binding these contracts are if the whole mineing boom goes belly up) Anyones thoughts. I like the idea of picking up a small parcel once this little speculator rally runs its course as it usually does.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.