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Bullboard - Stock Discussion Forum Geodrill Ltd. T.GEO

Alternate Symbol(s):  GDLLF

Geodrill Ltd is an exploration drilling company. It mainly operates a fleet of multi-purpose, core, air-core, and grade control drill rigs. The company provides reverse circulation, diamond core, air-core, grade control, geo-tech, and water bore drilling services to major, intermediate, and junior mining companies.

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RE:my prediction

Makes sense $ 4.00 might be a bit low but I'd be happy with $4 buyout. I bought in at $1.80 last year and am enjoying the dividends while I wait. Cheers!  rate and reply

my prediction

Major Drilling buys out geo at  $4.00 by end of year ( minimum).  MDI said it has run out of drills and wants to diversify its geographial base of business. GEO says they are for sale.  rate and reply

RE:mdi results

That's for sure. In addition to the 240% ebitda increase and 900% net earnings per share increase the following caught my  eye. We should be in for a good year or two. “Looking ahead to...read more

mdi results

Look great and good for GEO.  rate and reply

New Press Release - GEODRILL ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

TORONTO, June 3, 2022 /CNW/ - Geodrill Limited ("Geodrill" or the "Company") (TSX: GEO), a leading West African based drilling company, announced today that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to renew its normal course issuer bid (the "New NCIB Program") to...read article.

Seeking Alpha Article

Positive write-up on Seeking Alpha seemed to bring a bit of interest to GEO and likely responsible for the move up today - https://seekingalpha.com/article/4512153-geodrill-high-quality-cheap...read more

RE:RE:So cheap

Harper has pretty much said the "end game" will be a sale of the company, probably to a larger driller, probably within 18-24 months or so. He owns over 1/3 of the stock and sounds like...read more

video

  rate and reply

Stock on sale

It is basing at $2.14. Patient investors will be rewarded. Get divy while you wait.  rate and reply

RE:So cheap

It's getting caught up in the sell off of gold stocks in general. This company should get taken private.   rate and reply

So cheap

Who knows what the markets will do in the short term, but damn this company is cheap right now. Question is, will it get cheaper??  rate and reply

News Update w $GEO CEO Dave Harper - Q1 2022 Financials

News Update: Geodrill (GEO) w CEO Dave Harper  - Q1 2022 Quarterly Financial Results - https://www.youtube.com/watch?v=UsH4HWTRrmc {^youtubevideo|(width)425|(height)264|(rel)False|(url)https:/...read more

td action note

Estimates 37 cents US this year profit per share, up from td target of 32 cetns..Left its target at 4.25. In this kind of market, not surpising.   rate and reply

pr re insider buying shares from later today

In addition, on May 9, 2022 insiders of the Company exercised 1,170,000 options at an exercise price of CAD$2.14 for proceeds of approximately CAD$2.5M. This represents...read more

RE:the rental units are only short term

When you are renting drills to do a contract, means that the business must be very good so you incur the extra cost. Anyway, did not expect to see them at 80 rigs before 3rd or 4th quarter. ...read more

the rental units are only short term

until their new units are ready.   rate and reply

Rigs

They are now at 74 owned rigs  but really 80 rigs, as of they are renting 6.   Note that these rigs are probably for the Sukhari contract as the contract is for a minimum of 5 rigs...read more

Burling exercised options today

1,080,000 shares at $2.14 = 2.3 million dollars. Smart man. almost no cap gain since shares fell as low as $2.17 today. What a gift!   rate and reply

RE:RE:RE:Q1 Earnings Out

I agree with your outlook. It is not a surprise that geo is dropping - - in a correction or bear market everything gets slammed. The dividend is nice.  rate and reply

RE:RE:Q1 Earnings Out

There's seasonality in the business so a straight extrapolation may not be the way to look at this. There was a video shared earlier where management said Q1-21 was a really good quarter because...read more
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