SWK swick mining services ltd

Q3 FY16 Operation Update

  1. 1,621 Posts.
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    Must be coming out early next week.

    Is anyone expecting any surprises in there? We kinda know where we are at in terms of rig utilisation and revenue book.

    Biggest things for me are to see improvements/enhancements in their technology - ability to drill more metres at less cost. And how competitors are faring. Because one of the great things about SWK (besides it trading at a massive discount to NTA) is it very well placed to pick up a lot of contracts when companies start spending on exploration/capital projects.
    I have a feeling we are pretty healthy and a lot of our competitors are really struggling, and that puts us in a commanding position.
    Another contract win before the end of the financial year would be magnificent.
 
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