SWK swick mining services ltd

Gold mines are SWK biggest customer. Its where the company...

  1. DSD
    15,978 Posts.
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    Gold mines are SWK biggest customer. Its where the company demonstrates its superior UG core drilling technology and ability to churn through the metres. Its the most efficient outfit in the country yet remains un-noticed by Mr Mkt. Our gold miners are selling gold at USD 150/oz higher than just 8 weeks ago. This POG increase means their margin/oz has doubled or tripled! It means SWKs order book is set in stone and more mines are likely to need their drills. Every UG mine be it base metals, gold whatever needs core drilling to provide info re the grades that lie hidden.

    SWK not far from releasing a strong HY report. Now that POG has leapt to levels last seen a yr ago I expect the report to be brimming with confidence and a buoyant outlook statement. Can SWK's SP rise as fast as the gold mine stks? No... but it is very undervalued at 12.5c imo. dyor.
 
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Currently unlisted public company.

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