bought in today

Small holding for long term, this looks like a very well positioned company on a solid growth trajectory with limited risk.

I like the fact they are focused on blast hole drilling which is productive mine drilling and constantly needed rather than exploration drilling which is much more likely to significantly dry up in difficult climates, or if coal prices significantly reduce (blast hole drilling is always needed unless prices fall so far that the whole mine is not viable)

I like the single rig model with its reduced iventory requirements and preferred purchaser status with their suppliers giving a delivery advantage on any new orders.

With a Price to earning ration of 4.1 against a market average 12.4 and sector average of 7.8 - this stock looks very under priced.

Given their growth predictions and recent aquisitions I think the stock should be more like 10c currently.

Dazzler

Dazzler