Following a period of rampant growth in 2010 and 2011 Energold Drilling Corp (OTCPK:EGDFF) has struggled to remain profitable throughout 2012 and into 2013. The general decline in the resource sector has left its mark on margins and contract volume. The company has maintained a robust balance sheet and can survive further hardship if necessary.
In the following article we will argue that an investment in this company makes sense only after an uptrend in the resource sector is confirmed again. Patience is therefore advised for interested investors.
Mining and exploration companies often use the services of drilling contractors for their exploration drilling. Energold Drilling Corp offers these services world-wide to the mining and energy...
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