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Geodrill Limited T.GEO

Alternate Symbol(s):  GEODF

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 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 Directional Navi Drilling, Air-Core, Grade Control, Geo-Tech and Water Borehole drilling services to intermediate and junior mining companies and operates a fleet of multi-purpose rigs in Africa. Its fleet stands at 76 drills and is made up of nine types, including EDM 2000 multi-purpose (qty. 6), Sandvik DE 810 multi-purpose (qty. 11), Sandvik DE 740 core (qty. 10), Sandvik DE 710 core (qty. 10), X1200 Multi-Purpose (1), X900 Multi-Purpose (17), Austex X350 RC / Grade Control (qty. 2), Austex X300 Air-core (qty. 7) and LM90 (qty. 7).


TSX:GEO - Post by User

Comment by shareholders1on May 13, 2021 10:10pm
132 Views
Post# 33201149

RE:RE:Great Q1 results, but what trickles down to shareholders ?

RE:RE:Great Q1 results, but what trickles down to shareholders ?Options dilution - for just the 5 executives on page 10 of 2021 Circular, just the options listed total 2.796m.  Add 690k for ones issued March 15, 2021 and total becomes 3.486m.

This does not include director and other employee options. Just the DIrector options on Page 16 total 527.5k, so combined total is 4,013,500 options. 

But what's a liitle value off the top, especially when comes at expense of disorganized public shareholders, who are not often paying close attention?

And is it believable/ acceptable that management had no idea of how good 2021Q1 was going to be when options were issued on March 15?

No idea at all of the amount of contracts and revenues to March 15?!
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