Cabo Mining

    Rekordumsätze aber relativ wenig bleibt hängen.
    Aber das ist doch auch schon was...... :D


    http://biz.yahoo.com/ccn/071129/200711290428515001.html?.v=1


    Cabo Announces Record 1st Quarter Results
    Thursday November 29, 9:00 am ET


    NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Cabo Drilling Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE - News) today reported results for its fiscal year 2008 first quarter ended September 30, 2007.


    1st QUARTER HIGHLIGHTS



    ---------------------------------------------------------------------------
    (CDN $000s, except earnings per share) Q1 - 08 Sept. 30 Q1 - 07
    Sept. 30 FY 2007 June 30
    ---------------------------------------------------------------------------
    Revenue 14,339 10,498 38,445
    ---------------------------------------------------------------------------
    Earnings (Loss) Before Interest, Taxes,
    Amortization, Stock Based Compensation
    and Other Items (EBITDA) 2,349 1,194 4,012
    ---------------------------------------------------------------------------
    Net Earnings (Loss) Before Taxes 1,759 703 1,680
    ---------------------------------------------------------------------------
    Net Earnings (Loss) After Taxes 1,084 423 1,019
    ---------------------------------------------------------------------------
    Earnings (Loss) per Share ($) (Basic and
    Diluted) Before Interest, Taxes,
    Amortization, Stock-based Compensation
    and Other Items (EBITDA) 0.05 0.04 0.11
    ---------------------------------------------------------------------------
    Earnings (Loss) per Share ($) (Basic and
    Diluted) 0.03 0.01 0.03
    ---------------------------------------------------------------------------
    Cash from Operations(i) 1,573 863 2,758
    ---------------------------------------------------------------------------
    Gross Margin % 26.1% 23.6% 24.6%
    ---------------------------------------------------------------------------
    Working Capital (deficiency) 6,225 3,503 3,272
    ---------------------------------------------------------------------------
    (i) before changes in non-cash working capital items



    The Company reports:


    - Its highest ever quarterly revenue of $14.34 million in the 1st quarter of FY2008, a 36% increase from the 1st quarter of 2007 and a 22% increase from the previous recorded high in the 4th quarter of fiscal 2007.


    - Record net 1st quarter FY2008 earnings before interest, taxes, amortization, stock based compensation and other items of $2.35 million compared to 1st quarter FY2007 earnings before interest, tax, amortization, stock based compensation and other items of $1.19 million.


    - Record net earnings before taxes for the 1st quarter of FY2008 of $1.76 million compared to 1st quarter FY2007 net earnings before taxes of $1.19 million.


    - Record net earnings after taxes for the 1st quarter of FY2008 of $1.08 million compared to 1st quarter FY2007 net earnings after taxes of $422,553, resulting in 1st quarter FY2008 net earnings after taxes of $0.03 per share compared to FY2007 1st quarter earnings of $0.01 per share.


    - Gross margin percentage for the 1st quarter FY2008 was 26.1% compared with a gross margin of 23.6% in the FY2007 1st quarter.


    - Cash from operations, before changes in non-cash working capital items, was $1.57 million for the 1st quarter FY2008 compared to 1st quarter FY2007 cash from operations of $862,786.


    - A current asset balance of $19.53 million and working capital of $6.23 million.


    - Total assets of $31.49 million and total liabilities of $14.82 million.


    "Cabo showed strong progress in its 1st quarter of 2008 by delivering record quarterly revenue and earnings per share," said John A. Versfelt, President and CEO of Cabo Drilling Corp. "The Company's revenue for the 1st quarter of $14.34 million is an increase of 36% from the revenue of $10.50 million in the 1st quarter of 2007. The Company also reports record quarterly net income of $1.08 million compared to $422,553 in the 1st quarter of fiscal 2007. This represents a 156% increase from the first quarter in fiscal 2007 and the highest quarterly earnings after taxes in the Company's history which results in $0.03 per share earnings."


    "Gross margins showed improvement with an increase to 26.1% compared to 23.6% in the 1st quarter of fiscal 2007 and a slight decrease from the 26.5% recorded in the 4th quarter of fiscal 2007," stated John A. Versfelt. "We will continue to work towards improving our gross margin through improved efficiencies. Labour and supply costs are increasing; however, this is a factor affecting all drilling and mining services companies and these costs are factored into the contract rates."


    "Cash flow from operations strengthened in the 1st quarter of fiscal 2008," said Mr. Versfelt. "The Company recorded cash flow from operations (before changes in non-cash operating working capital items) of $1.57 million in the 1st quarter of fiscal 2008 compared to $862,786 in the same period during the prior year, an improvement of 82%. Cabo invested its cash in both equipment and people, spending approximately $1.10 million, during the quarter to ensure the continued success and growth of the Company."


    "The Company recorded a net income of $1.08 million during the 1st quarter of fiscal 2008 or $0.03 earnings per share compared $422,553 or $0.01 earnings per share in the 1st quarter of fiscal 2007," noted John A. Versfelt. "EBITDA increased 97% to $2.35 million during the first quarter of fiscal 2008, our highest quarter EBITDA recorded by the Company, compared to $1.19 million in the previous corresponding period. These positive results are reflective of improved contract rates, operating efficiencies and increased market share within our current markets."


    "As the demand for drilling services remains strong, Cabo is identifying growth opportunities in its current markets, as well as identifying new market opportunities," stated John A. Versfelt. "It is imperative that we invest our capital in equipment and people now, as they are vital to our ongoing and future success."


    First quarter ended September 30, 2008


    Revenue for the quarter ending September 30, 2007 was $14.34 million compared to $10.50 million in the first quarter of fiscal 2007, a 36% increase. Revenues also increased 22% compared to those of the fourth quarter, fiscal 2007 of $11.68 million. This increase can be attributed primarily to significant growth in our Ontario operations, plus revenues earned internationally have added $1.12 million during the first quarter of fiscal 2008. International revenues represented 7.8% of revenues for the quarter as compared to 4.5% for fiscal 2007. Management expects the international operations to provide a growing percentage of the Company's total revenue stream.


    In the first quarter of fiscal 2008, surface drilling increased $3.28 million or 41% to $11.25 million from $7.96 million in the first quarter of fiscal 2007, while underground drilling increased 21% to $2.76 million. Geotechnical drilling revenues increased 28% from quarter to quarter.


    The overall gross margin for the first quarter of fiscal 2008 was 26.1% compared to 23.6% during the first quarter of fiscal 2007. The improved gross margin is primarily the result of increased contract rates and continued improved efficiencies. Gross margin decreased marginally from the 26.5% recorded in the fourth quarter of fiscal 2007 to 26.1% in the first quarter of fiscal 2008 because of somewhat higher than normal servicing costs at several projects in Canada.


    The Company reported EBITDA (earnings before interest, tax, amortization, stock-based compensation and other items) of $2.35 million for the quarter ending September 30, 2007 as compared to $1.19 million in the same period last year. This is the highest quarterly EBITDA recorded by the Company.


    While general and administrative expenses increased to $1.36 million for the quarter compared to $1.27 million for the same period last year, these expenses decreased by approximately $292,000 compared to the fourth quarter of fiscal 2007. The increase compared to the first quarter fiscal 2007 is a result of hiring additional administration personnel during fiscal 2008 due to increased drilling services business. However, when calculating general costs as a percentage of revenue in the first quarter of fiscal 2008, the result is 9.5%. This compares to12% recorded in the previous fourth quarter of fiscal 2007. While the Company has maintained salaries at the cost of living index for the past couple of years, it is expected that during this next fiscal year the salaries will increase around 8%.


    The Company recorded lower general and administrative expenses during the quarter of $1.36 million when compared to $1.66 million in the fourth quarter of fiscal 2007. As a percentage of revenue this is a decrease to 9.5% compared to 14% recorded in the fourth quarter of fiscal 2007. This decrease is attributed to lower allowances for bad debts during the period and decreased professional fees.


    Amortization of property, plant and equipment for the quarter ending September 30, 2007 increased to $516,089 compared to $295,484 in the first quarter of fiscal 2007. The increase is due to an increased property, plant and equipment base acquired over the past twelve months. However, amortization expense decreased during the quarter when comparing the first quarter expense of $516,089 to the expense of $650,000 in the fourth quarter of fiscal 2007. The fourth quarter fiscal 2007 amortization expense included one time adjustments for prior quarters.


    Net income after taxes, increased to $1.08 million for the quarter ending September 30, 2007 as compared to $422,553 recorded in the first quarter of fiscal 2007, an increase of 156%. The increase is directly related to the increased revenues and the improved gross margin.


    The Company's current cash (cash and cash equivalents) position at September 30, 2007 is $307,371 compared to $422,337 at June 30, 2007. Short-term investments and marketable securities decreased $50,818 from $204,460 at June 30, 2007, to $153,642 at September 30, 2007. There were no dispositions during the quarter, but the decrease is attributed to the adjustment to market values at September 30, 2007. The adjustment of $50,818 is recorded on the Statement of Comprehensive Income.


    Cash flow from operations (before changes in non-cash operating working capital items) was $1.57 million during the quarter ending September 30, 2007, as compared $862,786 earned in the same period in the prior year.


    Working capital increased by $2.75 million from $3.48 million at June 30, 2007 to $6.23 million at September 30, 2007, as a result of the exercise of Cabo warrants and the improved financial results during the quarter.


    Cabo has positioned itself to capture an increase in revenues and improve its gross margin as the demand for mineral exploration and mining drilling services increases. The Company's strategy is to focus on growth by expanding its existing long-term customer base revenues, attracting new customers and by identifying favourable geographical locations in which to expand its drilling services business.


    Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as, Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.


    ON BEHALF OF THE BOARD


    John A. Versfelt, Chairman, President and CEO

    Yesss, das war der Durchbruch.


    Vielelicht noch nicht kursmäßig, obwohl heute mal 20% Plus.


    Aber wieder hoherr Umsatz.
    Und bei 0,6 haben sich ja schon Größere eingekauft vor einiger Zeit.


    Also wird´s mal so um die 0,6 bleiben als Maßstab.


    Aber heute wurde der Beton angerührt um über den $ zu kommen..... :D


    Grüße
    Tschonko

    Jo, dat tut jut! Der $ wird nicht das Problem sein. Ich weiß nicht ob die anderen Quartale das halten können, aber mal angenommen sie schaffen 0,10 CAD$ zu verdienen, sind wir bei einem KGV von 6,5. Wenn die Umsätze aber weiter wachsen sind noch ganz andere Kurse möglich.


    Grüße

    @bobelle,
    halten wir mal den Ball flach... :D


    Seh keinen Grund, warum die nächsten Quartale schlechter sein sollten.


    Heute, der Hammer!
    Zuerst zurück auf 0,6, dann mit 0,71 geschlossen.
    Und zwar mit 1,1 mille shares Umsatz, das 10 fache vom normalen Umsatz.


    Hab mal wieder Probleme beim Rechnen.
    Der Gewinn von EGD hat noch ein goodwill drinnen.......


    Aber CBE erscheint günstiger, soviel kann man getrost sagen.


    Grüße
    Tschonko

    Hab den Handelsverlauf auch mit erstaunen verfolgt. Da wurde die kurzfristige Schwäche genutzt um mit großen Paketen einzusteigen. In den letzten Handelsstunden wurden xfach 20.000 Stück geordert und abschließend noch ein 120.000 Blocktrade....


    Das sieht sehr gut aus.


    Grüße

    Drillingvertrag mit der verdroschenen Pinnacle in Mexico.
    Pinnacle kann man im Auge behalten....



    Cabo Drills La Calavera for Pinnacle Mines in Oaxaca, Mexico
    Monday December 10, 9:00 am ET


    NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2007) - Cabo Drilling Corp., (TSX VENTURE:CBE - News; "Cabo" or the "Company") Mexico Division, has been awarded a contract by Pinnacle Mines Ltd. to drill a minimum of 4,500 meters on Pinnacle's La Calavera copper-silver-zinc joint venture property located in the State of Oaxaca, Mexico. Pinnacle has an option to acquire up to 70% of La Calavera from Chesapeake Gold Corp. (see Pinnacle news release of May 28, 2007).


    ADVERTISEMENT
    Pinnacle's initial program comprises fourteen vertical holes of 300+ meters to test its target. The Company is utilizing a Maxi Drill - 10 diamond drill operating 24 hours a day 7 days a week. Drilling began in November.


    About Pinnacle Mines Ltd.


    Pinnacle Mines Ltd. is a Canadian based mineral exploration company with assets in Canada and Mexico. In Canada, Pinnacle holds several properties in Northwestern British Columbia in close proximity to numerous past and producing mines including the Silbak-Premier Mine and Barrick Gold's famed Eskay Creek Mine.


    About Cabo Drilling Corp. (TSX VENTURE:CBE - News)


    Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.


    ON BEHALF OF THE BOARD


    John A. Versfelt, Chairman, President and CEO

    New & Extended Contracts for Cabo Drilling in Mexico
    Thursday December 20, 9:00 am ET


    NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") Mexico division, Cabo Drilling de Mexico S.A. de C.V., has been awarded contracts to complete an approximate 7,000 meters of core drilling in Mexico.


    The Company has commenced a 4,000 meters minimum, drill program for High Desert Gold Corp. at High Desert's flagship Mexican gold property, Canasta Dorada, located in the Sonoran Gold Belt in Mexico. The drilling is part of a planned 40-hole drill program. The Company is utilizing a BBS-37 conventional drill for this job.


    In addition, SilverCrest Mines Inc. has added 2,000 to 3,000 meters of drilling to its existing 4,000 meter contract with the Company extending its Santa Elena Project drilling program into 2008. The Santa Elena Project is located approximately 150 kilometers northeast of Hermosillo, Sonora, Mexico.


    Mexico is growing increasingly attractive for mining and exploration, not only because of its political and financial stability, but also because the Mexico Geological Survey continues to improve the country's geological knowledge base and accessibility to it. In addition, updated mining regulations have completely opened the mining sector to foreign and domestic investment.


    The Company continues to focus its efforts in Mexico where these favourable exploration and mining conditions exist, as well as improved opportunities to drill all year round, minimizing shut down costs, due to weather conditions.


    About Cabo Drilling Corp.


    Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.


    ON BEHALF OF THE BOARD


    John A. Versfelt, Chairman, President and CEO

    Cabo to Drill a Minimum 12,500 Meters for Paragon Minerals
    Wednesday January 30, 9:00 am ET


    NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - Cabo Drilling Corp., (TSX VENTURE:CBE - News; "Cabo" or the "Company") Atlantic Division, has been awarded a diamond drilling contract by Paragon Minerals Corporation of Vancouver, British Columbia, for a minimum of 12,500 meters on Paragon's Newfoundland properties.


    ADVERTISEMENT
    The drill program will require two drills which are set to commence in February with a third drill being mobilized at a later date. A major portion of the Company's drilling will take place at Paragon Minerals' South Tally Pond Project.


    This is the Company's second drilling contract with Paragon Minerals. During the summer of 2007, Cabo entered into a contract with Paragon Minerals to drill up to 11,000 meters on eight of Paragon Mineral's gold and base metal projects in central Newfoundland. Cabo Atlantic successfully completed the contract in late 2007.


    About Paragon Minerals


    Paragon Minerals Corporation is junior exploration company focused on the acquisition, exploration and development of mineral properties, specifically in the province of Newfoundland and Labrador. The company has a dedicated technical team and an impressive portfolio of gold and base metal projects that have excellent potential for mineral deposit discovery. Paragon also provides shareholders increased opportunity for exploration success on its properties through strategic partnerships with other senior and junior mining companies.


    About Cabo Drilling Corp. (TSX VENTURE:CBE - News)


    Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.


    ON BEHALF OF THE BOARD


    John A. Versfelt, Chairman, President and CEO

    Wetere 15 km......


    Cabo Awarded 15,000 Meter Drill Contract by Marathon PGM Corporation
    Monday February 4, 9:00 am ET


    NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2008) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Marathon PGM Corporation has awarded the Company's Ontario division, a contract for 15,000 meters of NQ core drilling.


    ADVERTISEMENT
    The drilling program, which commenced the week of January 20, 2008, at Marathon's Marathon Project near Marathon Ontario, will utilize one BBS-25 unitized diamond drill. The drilling program includes exploration, definition and condemnation drilling. Marathon's primary goals for this drill program are: improvement of resource categories, resource expansion and provision of data for incorporation in a definitive feasibility study.


    About Marathon PGM Corporation


    Marathon has a 100% interest in the Marathon Project, located about 10 kilometers north of Marathon, Ont. The project is currently the subject of a definitive feasibility study, which Marathon expects to be completed in Q2 2008. In November 2007, Marathon announced completion of a NI43-101 compliant resource estimate showing a measured resource at Marathon of 45.9 million tonnes containing 1.79 million ounces of PGM and gold and 314 million pounds of copper, and an indicated resource of 35.5 million tonnes containing 1.39 million ounces of PGM and gold and 211 million pounds of copper. An additional low-grade resource was also identified in the November 2007 resource estimate completed by P&E Mining Consultants Inc.


    About Cabo Drilling Corp. (TSX VENTURE:CBE - News)


    Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.


    ON BEHALF OF THE BOARD


    John A. Versfelt, Chairman, President and CEO

    Und noch mal 6,2 km..... :D


    Cabo Awarded 6,200 Meter Follow-Up Drill Contract by Thundermin Resources Inc. and Cornerstone Resources Inc.
    Monday February 11, 9:00 am ET


    NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2008) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Thundermin Resources Inc. and 50 per-cent joint venture partner, Cornerstone Resources Inc., have awarded the Company's Atlantic division, a contract to complete a 6,200 meter follow-up diamond drilling program on Thundermin and Cornerstone's Little Deer Copper Property located approximately 10 kilometers north of Springdale in north-central Newfoundland.


    ADVERTISEMENT
    The purpose of the current drill program, which follows 4,940 meters of drilling in eight holes completed by Cabo in 2007, is :1) to discover additional high-grade copper and/or copper-zinc mineralization in the western portion of the Little Deer property; and 2) to further define the continuity, grade and distribution of high-grade copper mineralization intersected in relatively wide-spaced (50 to 100 m) holes drilled in the eastern portion of the property below and along strike from areas of the Little Deer copper deposit mined in the early 1970's.


    Cabo Drilling (Atlantic) Corp. was awarded an initial 5,200 meter drill contract by Thundermin Resources Inc. and Cornerstone Resources Inc. in July of 2007. Based in part on the Company's successful completion of that initial diamond drilling contract Cabo has now won the 6,200 meter follow-up drilling program.


    About Cornerstone Resources Inc. (http://www.cornerstoneresources.com)


    Cornerstone Resources Inc. has a strong and dedicated technical team who are focused on generating new projects that have great potential for discovery. Cornerstone leverages its own exploration funding through joint venture and strategic partnerships, providing shareholders with potential for success at lower risk. Cornerstone has a diversified portfolio of gold, silver, copper, nickel, VMS, and uranium properties in Canada and Ecuador.


    About Thundermin Resources Inc. (http://www.thundermin.com)


    Thundermin Resources Inc. is a Canadian-based mineral exploration company focused on the exploration for and discovery of economically viable gold and base metal deposits in Canada. Thundermin's corporate objective is to become a profitable, producing mining company in the years ahead.


    About Cabo Drilling Corp. (TSX VENTURE:CBE - News)


    Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.


    ON BEHALF OF THE BOARD


    John A. Versfelt, Chairman, President and CEO

    Cabo Wins 6,000 Meter Drill Contract From Vault Minerals, Grants Employee Stock Options and Pays Performance Bonus
    Tuesday February 19, 9:00 am ET


    NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2008) - Cabo Drilling Corp., (TSX VENTURE:CBE - News; "Cabo" or the "Company") Ontario Division, has been awarded a 6,000 meter NQ core drilling contract by Vault Minerals Inc. of Kirkland Lake, Ontario.


    ADVERTISEMENT
    In late January 2008, Cabo Ontario commenced drilling an eight-hole drill program on Vault's Gordon-Lebel property. The 200-acre property is situated 10 km east of Kirkland Lake, Ontario, along the northeastern strike extent of several gold-bearing structures, including projected structures from the former-producing Bidgood #2 gold mine, located on Vault's Lebel property. The initial 1,500 meter program is designed to test several targets, including the Boundary Zone, where recent prospecting by Vault has identified several strongly altered, mineralized shear zones.


    Cabo Ontario will also complete an additional 4,500 meter diamond drill program on Vault's adjacent Lebel Gold Property, (see Vault's news release dated February 13, 2008). The Company will utilize a HS-35 unitized diamond drill for the projects.


    Employee Stock Options


    Cabo also announces that it has, subject to regulatory acceptance, granted 118,000 incentive stock options, under terms of its Stock Option Plan, to employees for the right to purchase up to 26,662 common shares of the Company at $0.65 per share, up to 64,669 commons shares at $0.75 per share, and up to 26,669 common shares at $0.85 per share.


    Performance Bonus


    Cabo has also agreed, under terms of its Performance Bonus Plan, and subject to regulatory acceptance, to issue a total of 14,538 shares at a value of $0.58 per share and to pay $16,865.51 in cash bonuses to four Company executives.


    About Vault Minerals Inc.


    Vault Minerals Inc. is an Ontario-based, aggressive junior resource exploration company focused on the acquisition of and exploration for gold in Northern Ontario, Canada.


    About Cabo Drilling Corp. (TSX VENTURE:CBE - News)


    Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.


    ON BEHALF OF THE BOARD


    John A. Versfelt, Chairman, President and CEO

    Wenn sie pünktlich sind, kommen übermorgen die zahlen.


    Also da bin ich echt gespannt, wieviel sie verdienen.
    0,05 wär schoo schee......


    Im übrigen brummt das Drillinggeschäft nach wie vor........

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    Einmal editiert, zuletzt von Tschonko ()

    Zuerst mal wieder 6km.....


    Ich hab da gestern einen fehler gemacht. Die zahlen kommen meist Ende märz, nicht Ende Feb.
    http://www.cabo.ca/index.php?o…task=view&id=20&Itemid=32


    Cabo Expands Drilling Services Into Colorado With Award of 6,000 Feet Drill Contract by Wits Basin Precious Minerals Inc.
    Thursday February 28, 9:00 am ET


    NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Wits Basin Precious Minerals Inc. has awarded the Company's Pacific division, a contract for a minimum 6,000 feet of surface diamond drilling at Wits Basin's Bates Hunter Mine in Central City, Colorado, approximately 35 miles west of Denver.


    ADVERTISEMENT
    The drilling program intends to explore targets immediately adjacent to known areas of mineralization, particularly intersections between the Bates and cross-cutting veins.


    The mining industry in Colorado has a rich history and is undergoing a period of historic growth and expansion. Coal, gold, molybdenum and uranium operations in Colorado are either producing record amounts or posting record sales.


    According to the Colorado Mining Association, the mining industry in Colorado employs 4,908 workers directly and generates 5,162 jobs in mining support industries, such as engineering, consulting, finance and transportation, geotechnical and utility services. Colorado's mining industry generates over $1.7 billion in sales annually and over $8 billion in total economic value.


    "Cabo is pleased to continue its organic growth by expanding its drilling services into favourable exploration and mining areas like Colorado," stated John A. Versfelt, President and CEO of Cabo Drilling Corp. "Our continued market expansion is supporting improvements to the Company's top and bottom line performance."


    About Wits Basin Precious Minerals Inc.:


    Wits Basin Precious Minerals Inc is a minerals exploration and development company holding interests in three exploration projects and currently does not claim to have any mineral reserves on any project. To find out more about Wits Basin Precious Minerals Inc. visit their website at http://www.witsbasin.com.


    About Cabo Drilling Corp. (TSX VENTURE:CBE - News)


    Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.




    Share structure: ich mein, schaut das nicht gut aus... :D



    Issued and Outstanding: 47,742,013


    Options (exercisable at):
    Price Shares
    $0.50 91,667
    $0.65 719,132
    $0.75 1,125,849
    $0.85 719,186
    $1.00 91,668


    Total Options: 2,747,502


    Fully Diluted: 50,489,515

    "Confusion is a word we have invented for an order which is not understood." Henry Miller

    2 Mal editiert, zuletzt von Tschonko ()

    Zahlen Q2 sind da. Tschonkos Erwartung verfehlt ;) , aber hohes Wachstum. Angenommen konservativ 0,08 Nettoergebnis pro Aktie für 2008 macht ein aktuelles KGV von 8,25.


    Grüße


    Cabo Announces Record 2nd Quarter Results


    Revenue for the quarter ending December 31, 2007 was $13.64 million compared to $7.37 million in the second quarter of fiscal 2007, an 84% increase. This increase can be attributed primarily to significant growth from all divisions with the Mexico Division increasing by 364%, Ontario by 79%, Atlantic by 67% and the Pacific Division by 34%. International revenues represented 17% of revenues for the quarter, as compared to 4.5% for the second quarter in fiscal 2007. Revenues decreased slightly by 5% from the first quarter of fiscal 2008 from $14.34 million but they were significantly higher than budget and expectations for the holiday season. Management believes the international operations will contribute a growing percentage of the Company's total revenue stream as we continue to increase the drilling fleet in Panama and Spain during the balance of fiscal 2008.


    http://biz.yahoo.com/ccn/080229/200802290445686001.html?.v=1

    @bobelle,
    die Zahlen kamen doch schon am 29.2.. War doch kein Fehler!


    Wir haben bei 25 Mille MC:


    - Record 2nd quarter net earnings after taxes for the 2nd quarter of FY2008 of $806,971 compared to 2nd quarter FY2007 net earnings after taxes of $210,947, resulting in 2nd quarter FY2008 net earnings after taxes of $0.02 per share compared to FY2007 2nd quarter earnings of $0.01 per share.


    - Gross margin percentage for the 2nd quarter FY2008 of 25.0% compared with a gross margin of 25.8% in the FY2007 2nd quarter.


    - Cash from operations, before changes in non-cash working capital items, was $1.34 million for the 2nd quarter FY2008 compared to 2nd quarter FY2007 cash from operations of $538,792.


    - A current asset balance of $20.37 million and working capital of $7.06 million.


    - Total assets of $33.44 million and total liabilities of $14.66 million.



    Das Sieb ist da: die schulden haben sich von 13 auf 14 vermehrt.
    sollte mit der Ausweitung der Operationen zu tun haben.
    Andererseits Total assets 33,44.


    Zieht man die schulden ab, bleiben 20 Mille und zählt man working capital dazu von 7 Mille, ist man leicht über der MC.


    Alles richtig?


    Außerdem sind das 3.u. 4.Qu immer besser.


    Für mich ist die so was von unterbewertet.
    Aber vielleicht hab ich ja einen fehler drin..... :D


    Grüße
    Tschonko

    Market cap bei 47'700'000 Shares ist wohl eher so gegen 32 Mio.
    Ich vermisse die Ziele für 2008 und 2009. Habt ihr die gefunden? Aufgrund der grossen Quartalschwankungen ist es doch schwierig, den weiteren Verlauf abzuschätzen. Die Nachfrage nach Drilling ist zurzeit sicherlich sehr hoch, und das dürfte noch etwas anhalten


    Wenn die so weiterwachsen wie bisher, könnten die beiden nächsten schwächeren Quartalsgewinne so bei 500 -600'000 $ sein, die stärkeren 2 dann rund eine gute Mio.. Ergibt P/E von 10 fürs laufende Jahr. Evt. können die Margen noch vergrössert werden und es gibt noch was mehr.


    Teuer sind sie sicher nicht. Aber die Gewinnschätzungen sind schwierig

    Hier ein guter Einblick in die Schätzungen zu Cabo vom 29.11.07 aus dem [URL=http://www.cabo.ca/images/coverage/Cabo%20Drilling%20-%20Q1%20Results-Strong%20Topline%20Growth,%20But%20Margins%20Disappoint%20-%20Nov%2029,%202007.pdf]Researchbericht[/URL] von Beacon Securities.


    Sie legen ihr Augenmerk auf die Steigerung der Gross Margin (hatte ich ja auch Mal angesprochen). Die liegt bei den Branchenführern bei ca. 35% (Cabo aktuell 25%).


    Die geschätzen Zahlen von Beacon für 2008 sehen so aus:
    -Umsatz 49 Mio. (bis jetzt erreicht Q1+Q2 28 Mio.)
    -EBITDA 6,9 Mio (4,2 Mio.)
    -FD EPS 0,05 (0,037)


    Beacons Kursziel liegt bei 0,80 CAD$ (Rating Hold).


    Grüße

Schriftgröße:  A A A A A