Yes it does seem that to expand the number of accommodation units when the market was turning down was a bad move. Purchases they have made in the last 2 years include the Hofco business for $20m and $5m for another Atlas drill rig. Total EV is currently $19m. I hope management are 'leaving no stone unturned' as they mentioned at the AGM in order to lower costs and increase revenues!
Yes it does seem that to expand the number of accommodation...
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