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| TOP PICK | 4.770 | Gavin Graham | Manufacture mining drill rigs. Just acquired a small oil/gas drilling business, mostly in the US. Of the 126 drills they have, almost all of them are gold drilling. Meters they have drilled has gone from 240,000 to 450,000 in the 9 months to September. Earnings have exploded. Put all their cash flow into building new rigs. $25 million cash in the balance sheet. | 2012-01-13 | |
| PAST TOP PICK | 4.200 | Irwin Michael, B.Com, MBA | (A Top Pick Oct 1/10. Up 22%.) | 2011-09-09 | |
| PAST TOP PICK | 4.480 | Irwin Michael, B.Com, MBA | (A Top Pick Oct 1/10. Up 23.43%.) Global mine driller with about 103 rigs and going to 130. Drills for a lot of juniors who have been cashed up. Further afield, the better margins because of higher risks. Has $28-$30 million in cash. Hidden asset with control of almost 7 million shares in Impact Silver (IPT-X). Would like to see this sold as they are drillers, not a silver company. A lot of potential torque as the higher gold goes, they’ll get greater market share. | 2011-04-27 | |
| BUY | 4.420 | Irwin Michael, B.Com, MBA | Good crew of experienced in mine drilling. Do a lot outside the country, particularly frontier drilling. With a lot of the gold companies having raised money, they are doing a lot of drilling. Further they go a field, margins tend to increase. Virtually operating flat out. Recently did a successful issue and are all set up for mergers and takeovers. | 2011-02-18 | |
| BUY | 3.870 | Charles Oliver, HBSc CFA | Their drill rigs are very portable. People are going off into far off remote places these days. It’s not terribly expensive. | 2010-11-08 | |
| TOP PICK | 3.500 | Irwin Michael, B.Com, MBA | Contract mine driller with 70% being gold. Because of so many gold financing over the last while, they will have a lot of work to do. Debt-free. Has a lot of potential torque as gold mining picks up. Not widely followed and fundamentally very cheap. | 2010-10-01 | |
| BUY on WEAKNESS | 2.610 | Andrew Cook | Designed and developed a little portable mining drill that can get into tight areas. Likes it quite a bit but is a little overbought on the daily charts. Wait for a pullback. | 2010-01-20 | |
| BUY | 2.140 | Lyle Stein | They can do what no one else can, i.e. going into the hinterland and use labour for drilling. Likes management. | 2009-07-31 | |
| DON'T BUY | 1.540 | Robert Lauzon | There is a small basket of small drillers that he looks at but prefers larger and more liquid players. As the mining sector rallies, you could see substantial gains in these. Prefers Major Drilling (MDI-T). | 2009-05-26 | |
| BUY | 1.480 | Andrew Cook | Like it and see significant upside. In March the activity levels were equal to Jan and Feb combined. 95% of business is with Majors so no risk of clients running out of money. Could make some acquisitions. | 2009-04-24 | |
| Comment | 0.890 | Rick Rule | (Caller says they designed a portable drill that can be put together under 2 hours and can go into areas where the old drills could not go.) Likes the product but not big enough for him to care about. Mining/oil field services are extremely cyclical and he prefers lowest cost provider with an extraordinary balance sheet and a depth of service capability that this company is not large enough to fulfill. Also believes there will be an aggressive turndown of exploration spending. | 2009-03-03 | |
| TOP PICK | 3.640 | David Morgan | Drilling company. Quarter after quarter they are increasing their profits. Also own a fair amount of Impact Silver (IPT-X). Well run and well managed. Expect it to be far higher 5 to 10 years from now. | 2008-08-06 | |
| Comment | 4.210 | Jean-Francois Tardif | Have unique systems that can be carried on the back so very remote areas can be accessed. Have been expanding their fleet and equipment so revenues and earnings are growing at a very fast pace. He wants to buy this one again sometime in the future. | 2008-07-15 | |
| BUY | 4.260 | Alex Ruus | Doesn't know the stock that well but based on what he does know, it's in a favourable place. Undervalued. If the mining cycle continues, you should see good performance out of this one. | 2007-12-13 | |
| Comment | 3.520 | Hugh Cleland, CFA | Looks like they have the highest margin-drilling set-up. Margins are so shockingly high relative to the other drillers that he has to look into this. If they are as good as he is told, he will be considering this. | 2007-09-28 | |
| DON'T BUY | 2.850 | Bill Carrigan | Had a nice pullback, but is still in support. If it breaks its support, get out. The MACD is buried (?) so it has been oversold. The positive environment of the overall gold sector may bring this up. A contrarius and he would stay away from this. | 2007-08-20 | |
| Comment | 2.000 | Hugh Cleland, CFA | Designed an environmentally friendly drill. Intriguing. Drills seem to be cost effective and very high profit margins. Would prefer if they spun off their mineral properties. Would like to revisit this one. | 2007-03-26 |
