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Bullboard - Stock Discussion Forum Geodrill Limited GEODF


Primary Symbol: T.GEO

Geodrill Limited is an Isle of Man-based exploration drilling company with a fleet of 76 drill rigs operating in Africa and South America. The Company operates in approximately two continents and seven countries, namely Ghana, Burkina Faso, Cote d’Ivoire, Mali in West Arica; Egypt in North Africa; and Peru and Chile in South America. The Company provides Reverse Circulation, Diamond Core, Deep... see more

Bullboard (TSX:GEO)

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Comment by FrozenInOntarioon Nov 12, 2021 10:34am

RE:RE:RE:RE:RE:RE:Q3 results

There is also a recent article on their subsidiary in Peru. Mining is a tought business and the increase/shortages in drilling is just another one. There is a nice slide in the Major Drilling deck ...more  
Comment by InFactsWeTruston Nov 11, 2021 6:21pm

RE:RE:RE:RE:RE:Q3 results

Thanks for posting the link. Interesting read on the labour shortages in the industry.  It sure gets one thinking about the challenges for the drillers but also for the miners.  It bolsters ...more  
Comment by FrozenInOntarioon Nov 11, 2021 4:47pm

RE:RE:RE:RE:Q3 results

As they do not have equal quarters in therm of revenus, You cannot take an average of the all the quarters of the year.     So it all depends on the revenus they will generate for the ...more  
Comment by InFactsWeTruston Nov 11, 2021 3:31pm

RE:RE:RE:Q3 results

Gross margins for Q1,Q2,Q3 respectively were 31.4, 27.3 and 20.7.  For 25% overall margin, 4th Q needs to be 20.6, not much worse than Q3.  2022 is looking great, new contracts, new ...more  
Comment by screamer99on Nov 11, 2021 1:28pm

RE:RE:Q3 results

Shame on me for missing the VAT refund...  wonder if it's related to the years where they had 50% - 96% effective tax rate.  At any rate, better days ahead. I caught the last bit of the ...more  
Comment by FrozenInOntarioon Nov 11, 2021 11:44am

RE:RE:Q3 results

Just listened to the conference call.  Most of the questions focused on the margin which slipped a bit versus last year.   From what I gather, this is mostly timing issue as well as mix ...more  
Comment by FrozenInOntarioon Nov 11, 2021 9:40am

RE:Q3 results

Screamer, You are right on the equity loss (non cash btw) but this is offesetted by their VAT recovery of 600K in SG&A.   So net income is flat despite the increase in revenus.   ...more  
Post by screamer99on Nov 11, 2021 7:31am

Q3 results

A great result in my view.  Look out for the "other loss / income" which relates to equity investments. If you factor in the net change of a decrease of $650k, EBITDA is that much ...more  
Comment by nodice7777on Nov 09, 2021 5:34pm

RE:RE:RE:Quarterly results thursday before opening- then conf. call

When this company was listed on the TSX 11 years ago, early days had it trading at roughly the same market cap as today yet the company had 18 rigs back then, whereas now they have 69 and are poised ...more  
Comment by FrozenInOntarioon Nov 09, 2021 1:13pm

RE:RE:Quarterly results thursday before opening- then conf. call

I concur also that GEO should post excellent results.   However, note that Capital, despite posting stellar results for the June-Sept quarter (sales results only as they report on a semester ...more  
Comment by microcaphobbyon Nov 09, 2021 11:01am

RE:Quarterly results thursday before opening- then conf. call

I concur. The sale price  on this stock is ending Wedneday.
Post by ubiquitousmanon Nov 07, 2021 9:16pm

Quarterly results thursday before opening- then conf. call

I expect another good quarter. Sooner or latter this little stock should start to get some notice. Why it isn't at $3 USD now I don't really understand. this could be a $6 stock in a year in ...more  
Post by FrozenInOntarioon Oct 19, 2021 9:18am

Capital Ltd

Capital Ltd is another driller  focused on the African market.  Interestingly, they are big in Egypt re Geodrill is expanding and were the only act in town. They mostly do drilling but also ...more  
Comment by screamer99on Oct 18, 2021 9:54am

RE:RE:RE:Last investor presentations

No share repurchases yet in YTD21 according to SEDI (www.sedi.ca).  My hope is that they're using excess cash to add equipment. The low market cap (which I think can easily double) is ...more  
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