Mining services companies have a long history of making more cash than miners – even the current occupant of the Oval Office has his grandfather’s restaurant business during the Klondike gold rush in the 1890s to thank for his position in life.
These days it’s tougher for those on the sidelines to do better than the resources companies during boom times, but they can provide shareholders with a bit more stability in an inherently cyclical market.
Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.