Midsize mining service provider offering various services in both production and exploration related work Increasing presence in African countries that have higher sovereign and operational risks Growing new contract opportunities due to improving commodity prices and mining investment Improved balance sheet with recent equity raising, providing funding for growth Increasing earnings due to new contract wins High volatility of cash flows due to company's indirect exposure to volatile commodity prices The stable outlook reflects our expectation that Ausdrill Ltd. will continue to grow its order book and successfully execute its new contracts in Africa. We expect the company to maintain sufficient liquidity, which will provide the company with a buffer to withstand any moderate weakening in industry conditions or missteps
