SWK swick mining services ltd

More of the same for now

  1. 1,427 Posts.
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    We knew there would be no lollies in the jar this year.

    At 100 percent utilisation and the renegotiation of some legacy contracts surely they will have to start accumulating some $ in FY2018.

    Mineral assessment technology, huge maybe, however I have been around long enough to be a "believe it when I see it " type of dude. It's very easy to starve on potential. However if they crack it is all upside.

    I don't know how to value them. I suppose it is "what price potential? "

    Think I will wait and see and look to increase holdings again on dips into low twenties although not a lot of free float to allow for that possibly. I don't expect much will happen here until early next year once confirmation of improve financial performance received.
 
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