Club Mulgoa

Friday, November 09, 2012

HDX

http://www.proactiveinvestors.com.au/companies/news/35672/hughes-drilling-earns-20m-leighton-contract-extension-on-track-for-fleet-expansion-35672.html

This stock is not dependent on the vulgarities of the coal market.  It provides blasting service, not for exploration, but for existing mines.  And even more fascinating, it is providing service for a service contractor!  At a Proactive Investors Forum, I asked the CEO, if its mining service is so highly profitable why doesn't LEI or BHP take over that role?

With the answer he gave, and the numbers he showed during the presentation, I bought some stocks the next day.  Again, I don't have spare cash but this is one stock I would love to top up.  The profit figures will speak for itself.

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