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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 drewmumawon Feb 15, 2024 10:27am

RE:RE:RE:RE:Bottom is in?

I've never heard of Virtu ITG Group, but their website says they provide execution services, so they're probably helping an institution unload a large position. Some institutions might want ...more  
Comment by colouramaon Feb 13, 2024 12:30pm

RE:RE:RE:Bottom is in?

Agree - there has also been this automated selling by Virtu ITG Group which relentlessly pushes the price down. The sky isn't falling and this company is being massively discounted.
Comment by drewmumawon Feb 13, 2024 12:21pm

RE:RE:Bottom is in?

Looks like broke the previous bottom with today's low of CAD$1.61 (USD$1.18). However, the higher-than-expected CPI brought almost everything down today. I'm buying with both hands at these ...more  
Comment by colouramaon Feb 12, 2024 10:38am

RE:RE:RE:RE:RE:RE:RE:Buyout?

Agree - buying opportunity here with Vitru ITG group systematically selling 100/200 lots the past couple of days. Wonder when they run out of shares.
Comment by tripleon Feb 10, 2024 1:06pm

RE:RE:RE:RE:RE:RE:Buyout?

Bought yesterday. Even without buyout, it is a steal at this price. They can make at least 130 million revenue per year with 82 rigs. With very conservative 20% ebitda margin, that is 26 million ...more  
Comment by colouramaon Feb 09, 2024 4:07pm

RE:RE:RE:RE:RE:Buyout?

Question is, what would Harper accept as a buyout price, and how far is the gap to the price an acquirer is willing to pay? With 40% ownership, Harper is highly motivated to get the company firing on ...more  
Comment by drewmumawon Feb 09, 2024 2:47pm

RE:RE:RE:RE:Buyout?

One would think so. He sounded like a motivated seller when discussing a potential buyout years ago. I hoped the recent decline in price would renew buyout interest. If Geodrill is starting to go ...more  
Comment by colouramaon Feb 09, 2024 12:16pm

RE:RE:RE:Buyout?

One would think that Harper must have someone sort of exit strategy at some point, but I don't see a sale at this moment with the depressed stock price. I feel that with the new drilling contracts ...more  
Comment by drewmumawon Feb 08, 2024 5:07pm

RE:RE:Buyout?

I've had Foraco on my watchlist for awhile - it's performed very well. But I don't think it's a buyout target. And they have a lot of debt, right? They also don't pay a dividend ...more  
Comment by savyinvestor333on Feb 08, 2024 4:07pm

RE:Buyout?

I mentioned here on Oct 30/23 to take a look at FAR.TO it was $1.80 . Take a look now. In my opinion the run is just getting started.
Post by drewmumawon Feb 08, 2024 3:54pm

Buyout?

Anyone still think this is a potential buyout target? or am I just deluding myself?
Comment by DeepValueAlwayson Nov 16, 2023 6:46pm

RE:RE:Bottom is in?

I need to learn how to cut and paste looks like I did it a few times, sorry
Comment by DeepValueAlwayson Nov 16, 2023 6:42pm

RE:Bottom is in?

  I believe that was the bottom too. You have to love these under followed microcaps small sums can make huge moves and create significant opportunities. IMO it is where the little guy should be ...more  
Post by drewmumawon Nov 16, 2023 11:00am

Bottom is in?

Looks like the bottom is in on 11/3 at around CAD$1.63 (USD$1.22).
Comment by drewmumawon Nov 13, 2023 1:54pm

RE:Latest Results

Or utilization of the NCIB. The CEO hinted on the call this morning that the stock is cheap relative to book value.
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