Interessanter Wert. Wurde ganz vergessen.
* CBE.V CBEFF.PK (CABO MINING) (I own shares)
http://www.cabo.ca/
http://beechinorbarton.com/audio/cabo/player.html
jav@cabo.ca (604) 681-8899 John Versfelt, President
36.5 mil shares fully diluted (Feb., 2005)
@ $.82/share Cdn x .81 US/Cdn = $.66
$24 mil MC
Additional Comments: Cabo Completes Acquisition of Advanced Drilling Group of Companies, Thursday February 17
Cabo just acquired Advanced Drilling's 35 drill rigs, management & experienced employees, to become Canada's 3rd largest drilling services company as measured by number of drill rigs. Cabo now owns over 100 rigs, and employs 225 people. The cost to acquire this latest drilling company was $3 million Cdn, and included 1.8 million shares at $.90/share!
Recently, at the mining shows, I've heard it's getting hard to find drillers. That's very understandable given how much cash all the companies have raised to go out and drill. There are many bottlenecks standing in the way of increased production. Limited competent geologists, engineers, builders, mining equipment, exploration teams, and drill rigs. Cabo is now in a very good position.
Drilling Services are in extremely high demand, and Cabo can charge up to 25% more this year than last year.
Cabo's drilling acquisitions are profitable, and providing cash flow.
I wrote an article on Cabo on February 10th, 2004. Market Perspective & Cabo Mining - Hommel
In the article, I highlight what I feel is Cabo's most imporant asset: Their property in Cobalt, Ontario. The "silver capital of Canada" produced historically, over 500 million ounces of silver.
To learn more about the mining camp town of Cobalt, there is a fascinating article detailing the history of the silver camp at http://www.cobalt.ca/cobalt/history.htm