SWK swick mining services ltd
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worth a squizz

  1. RockstarJones
    14,293 Posts.
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    11/01/11
    07:44
    Post #: 7714173
    Hived off its non-core surface diamond drilling division for 17 mil. to retire 8 mil. of associated debt and apply 9 mil. to growing core divisions. Most recent company preso said they planned to be debt free by end of 2011 and were retiring their debts at a rate of 1.4 mil. a month so I guess that brings the date forward to the middle of this year. Looks like things have turned around for SWK and it is now due for a re-rating. Looking like a cash cow. Just broken thru resistance on chart. IMO.DYOR.
    SWK Price at posting: 47.0¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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