Exit Case: Major Drilling Group International Inc. 

Overview:

Major Drilling Group International Inc (TSX: MDI) is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada - the United States. 

MDI has been a part of the ‘Growth Portfolio’ since 18^th September 2025, however, considering the recent rally in share price, and ~12.45% upside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 11.47, (as on 24^TH September 2025).

1.1 Support and Resistance Summary as provided in our last published report dated 18^th September 2025.

1.2 Major Drilling Group International Inc (TSX: MDI)

2.0 New Entry Case: Bitfarms Ltd. (TSX: BITF)

Overview:  

Bitfarms Ltd. (TSX: BITF) is a global, publicly traded Bitcoin mining company. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers.

Technical Analysis: On the daily chart, BITF prices are trading on the positive note, above its support level. The 14-period Relative Strength Index (RSI) stands at approximately 68.5891, this signals favorable buying momentum and investor interest. It also broke out of a long period of consolidation (noticed in the April 2025 - July 2025 range around CAD 1.50 - 2.00), confirming strength and potential for continuation upward. The key support for stock is at CAD 3.31, while the critical resistance level is at CAD 4.55.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Growth Portfolio’ at the closing market price of CAD 3.85, as on 24 September, 2025. 

Bitfarms Ltd. (TSX: BITF) has been identified as the new entry to our Growth Portfolio.  

2.1 Support and Resistance Summary (as on 24 September, 2025)

2.2 Bitfarms Ltd. (TSX: BITF)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 24 September 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.