The Investment Doctor
Long/short equity, value, debt, base metals

Ausdrill: More Than Just A Drill Company And Trading At A Discount Compared To Its Book Value

Introduction

In this article I'd like to highlight Ausdrill (OTCPK:AUSDF), an Australian mining services company with a wide variety of business activities in the mining sector. The company is less than 30 years old but is renowned for its quality work and the company secured long-term contracts with BHP Billiton (NYSE:BHP) and Resolute Mining (OTC:RMGGF). At the top of the mining boom in 2012 the company had more than 6,000 employees, but this number has decreased a bit due to the downturn in the sector. At this moment there are 4,500 employees on the payroll.

As the volume on the US exchanges in Ausdrill is limited, I'd strongly recommend to trade in Ausdrill shares...

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