Geodrill Limited T.GEO

Alternate Symbol(s): GEODF

Metals & Mining Industrial Metals & Minerals

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).

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Geodrill Limited > Bottom is in?

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Comment by DeepValueAlwayson Nov 16, 2023 6:42pm

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Post# 35740244

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 fishing. We should be executing a long term multi rig contract with a senior miner soon. Maybe news before the holidays. Like they collected more of the A/R after the quarter. Believe they have the right strategy going forward. Belieb they will be profitable next report maybe with another but smaller provision. Then focusing on seniors and country diversification should result in a rerating. Dave, believes next year we will be on the launch pad.

I believe that was the bottom too. You have to love these under followed microcaps such small sums can make huge moves and create significant opportunities. IMO it is where the little guy should be fishing. We should be executing a long term multi rig contract with a senior miner. Maybe news before the holidays. Like they collected more of the A/R after the quarter. Believe they have the right strategy going forward. Focusing on seniors and country diversification should result in a rerating. Dave, believes next year we will be on the launch pad. I believe that was the bottom too. You have to love these under followed microcaps such small sums can make huge moves and create significant opportunities. IMO it is where the little guy should be fishing. We should be executing a long term multi rig contract with a senior miner. Maybe news before the holidays. Like they collected more of the A/R after the quarter. Believe they have the right strategy going forward. Focusing on seniors and country diversification should result in a rerating. Dave, believes next year we will be on the launch pad.

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