Geodrill Limited T.GEO

Playing with cyclicals

[FrozenInOntario]

It appears that the best time to buy a cyclical is when they loose money so you invest at the bottom of the cycle.   And sell when they are making money before the fall.    This is why they can be so cheap at peak.
Geodrill is making money but what the heck, MDI (lets see thursay) and OGD are loosing money and FAR is almost break even.   Looking at the drillers share price and the latest GEO share price drop, once coudl infer that the market is forecasting a downturn.
So are we at the beginning of the cycle (super cycle if some are to be believed) or close to the end ?   My bet is on the begining but sure is frustrating sometimes.
GLTA

[ubiquitousman]

I think we are real early in the cycle (for increased gold exploration). I am really surprised at recent price action but still can see this as a $4 USD stock in 12 months. time will tell. Just my opinions.

[FrozenInOntario]

I think also that we are early unless the market forecast that the margins are gonna get squeezed whereby they would not be able to pass costs increases to clients.    Harper did mention that margin were indeed a bit expanding in his last interview but basically rates increases were offsetted by cost increase.  I guess he was talking about the 4th quarter if you listen to their