Msv - mitchell services limited

[SCHUMACHER]

MSV Heres some background on the owners/shareholders/directors - AND some reasons why i think this will move hard in coming weeks /months which is why i think we could see 10c + by year end

(DYOR- this is not professional, nor financial advise to BUY stock in MSV and are only the views of an experienced investor in the stock markets for 17 years )

http://www.mitchellservices.com.au/

PROJECTS LIST - you will notice they have some major contracts with Glencore, Barrick Gold and Rio Tinto and many more

Following are some examples of our recent work on behalf of clients in the global energy and mining industry, concerning the following drilling services:

Coal Exploration Drilling
Mineral Exploration Drilling
Mine Services & Large Diameter Drilling
Coal Seam Gas & Shale Gas Drilling
Coal Mine Methane Drainage
Directional Drilling
Wireline Services
Underground
Exploration & Mine Services Program
Resource Definition Program
Mine Development Program

http://www.mitchellservices.com.au/projects

Nathan Mitchell
Executive Chairman

Mr Mitchell was appointed Executive Chairman on 20 March 2014. Mr Mitchell has been involved in the drilling industry for virtually his entire life and has been with Mitchell since the company’s earliest days. With a career spanning almost 30 years, he has a proven track record as an industry leader in technical development and business growth.

Mr Mitchell is currently Executive Chairman of Mitchell Group Holdings Pty Ltd including Ports, Energy, and Equipment. Previously, as CEO for Mitchell Drilling Contractors the company doubled in size and Mr Mitchell directed an international expansion expanding into India, China, Indonesia, the United States and various countries in southern Africa. Other directorships include Mitchell Drilling International, Sub161 and Verso Energy.

Then theres Washington Soul Pattinson who are LARGE financial backers, and key stakeholders / shareholders.

I repeat that this is definitely a turnaround story and these large stakeholders will grow their investment much more than current prices and will protect their interests and bring this stock back to where it should be - there are other drilling companies that we can draw comparisons with like BKN, ASL

The mining sector is booming or starting to boom again with interest in GOLD , GRAPHITE , LITHIUM , ZINC etc and drilling companies are capitalising - these guys are smart cookies and now have 58 drill rigs and PROFITABLE even when only 30% of their drill rigs are operational - so in the current climate where they are winning tier 1 contracts like Glencore (2 year contract awarded recently) these guys are set for a massive re-rating and its starting to happpen

Ive been preaching this company since i got in at 2c and its already up over 50% but because this is a re- rating it will go much higher as their cashflow and assets, management experience does not represent their true value nor their growing revenue based on major tier 1 contracts (which require a high entry level that most drill companies cant achieve and their health and safety record is impecable - and set of skills to win these sorts of major contracts with reputable firms - says a lot for the management at MSV , their large experience, funding / financial backing etc


MSV
Shareprice $0.031c (I would like to add that over 90% of our revenue is coming from Tier 1 companies in the mining sector) I.e Glencore etc

Our peers

ASL
Shareprice $1.10c

BKN
Shareprice $2.07

P.S IMO this is factual information that im bringing to this forum based on my research , as opposed to ramping