buyout potentialLooking at the possibility of Geodrill being bought out I took a look at Major Drilling's slide deck. They'd be the perfect buying company. A look at their locations around the world shows no operations in Peru, West Africa or Egypt. Furthermore they've got 51 million in cash and 173 million in liquidity. It also appears we're still in the early stages of the commodity upswing.
I think it's just a matter of time.