More background and insights on Mitchell from last year : It’s a...

More background and insights on Mitchell from last year :
It’s a video interview by Jessica Amir  with Andrew Elf, the CEO .
https://www.finnewsnetwork.com.au/archives/finance_news_network201205.html

Here are a few snippets from the transcript...


....“Yeah, you can think of Mitchell as like a Qantas. It's a very well-regarded brand. It's been around for 50 years next year. We work for the biggest clients on the best sites. So clients are BHP (ASX:BHP), South32 (ASX:S32), Evolution Mining (ASX:EVN), Anglo Australian Resources (ASX:AAR), Peabody Energy Corporation (NYSE:BTU); those sort of clients
.........

........Radco was a fantastic acquisition, settled on April 4th this year. (2018) It's an underground coal drilling company, so they drain gas in advance of mining in the coke and coal mines. Integration's complete. Business is operating safely, efficiently. The teams have done a fantastic job and the business is performing as expected post-acquisition.
........
..........Everything's heading in the right direction to do that. We've bought assets cheaply, we're getting them back to work, we're making some good numbers, and we've really got a good road-way ahead of us.

We're going to pay down debt, keep making cash, and deliver some good results and hopefully reward our shareholders who have been pretty patient with us over a tough market.

On top of that, we've also got some very supportive shareholders. Washington H. Soul Pattinson and Company Limited (ASX:SOL) is a 10 per cent holder, our second-largest holder, and CBG Capital Limited (ASX:CBC) as well. Both long-term holders, and very supportive. So some fantastic support from the big end of town, there, and a lot of other large institutional shareholders sitting underneath those two as well.

Jessica Amir: Great endorsement, indeed.

And lastly, Andrew, where would you like to see the company this time next year?

Andrew Elf: Look, I think we'll be in a even better position. The business will keep performing, it's going to keep producing cash, keep making good profits. We've got AUD$30 million of tax losses available to us, so we won't be paying tax any time soon.
The main thing for us is just to stay safe, keep looking after our clients, do a good job, and hopefully reward our shareholders who have been patient with us through some tough times...”
....
...