About company
Capital Drilling is an emerging and developing markets focused drilling services company that provides exploration, development,
grade control and blast hole drilling services to mineral exploration and mining companies. Our operations span 4 continents with
activities in Africa, (Eastern) Europe, Asia and Latin America. The Company currently has a fleet of over 70 drilling rigs and
operates one of the youngest fleets in the industry.
Since inception in 2004, the Company has developed an enviable reputation for its ability to deliver safe, professional and reliable
drilling services in remote locations and developing market countries. This ability has allowed the Company to attract and retain
some of the world’s largest mining and exploration companies as major long term clients.
The Company began operations in the Lake Victoria goldfields region of Tanzania and has since expanded into Zambia, Egypt,
the Democratic Republic of Congo, Pakistan, Armenia, Serbia, Papua New Guinea, Mozambique, Hungary, Eritrea, Chile and
most recently Mauritania. Over this time the workforce has expanded to more than 800 full time employees.
The team at Capital Drilling provides decades of combined experience operating in emerging markets and strives to deliver the
highest standards in safety, performance and quality. We pride ourselves on delivering “developed market standards for
emerging market operations”.
Higher gearing
The Company has been using about $15m cash in expansion lately and the market has not responded accordingly,
but provided it gets a rise at the end on the revenue, the higher gearing should be alright.
Bounce on share price
I understand a holder is being forced to liquidate their position recently and that is why the share price is so depressed,
yet for the last couple days the good news from Centamin has managed to rubbed into Capital and now only needs the
good news of the Sukary mine resuming drilling ( contributes about 25% of revenue ) for the share price bounce from 21.25p
Recent comments
Investors Chronicle:
investors chronicle/Capital-Drilling-still-buoyant
Growth Company Investor:
growth company/mining-boom-boosts-capital-drilling

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