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Bullboard - Stock Discussion Forum Geodrill Limited GEODF


Primary Symbol: T.GEO

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 approximately 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... see more

Bullboard (TSX:GEO)

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Post by microcaphobbyon May 11, 2022 11:58am

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. 
Post by microcaphobbyon May 09, 2022 4:49pm

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 ...more  
Comment by FrozenInOntarioon May 09, 2022 3:58pm

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.  ...more  
Post by microcaphobbyon May 09, 2022 3:37pm

the rental units are only short term

until their new units are ready. 
Post by FrozenInOntarioon May 09, 2022 3:21pm

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 ...more  
Post by microcaphobbyon May 09, 2022 2:24pm

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! 
Comment by microcaphobbyon May 09, 2022 1:26pm

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.
Comment by screamer99on May 09, 2022 1:13pm

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 ...more  
Comment by profitprophet1on May 09, 2022 12:16pm

RE:I listened to the conference call

Did Harper give any further update into how many rigs he anticipates they'll be running by the end of the year? Any hints as to bid wins in Peru? Thanks. I'm not sure about the company going ...more  
Post by microcaphobbyon May 09, 2022 11:36am

I listened to the conference call

Business sounds like it will be  even better this year. Diversifyng the geographical  location of business will smooth out the   earning. Demand is very strong for their drills.
Comment by microcaphobbyon May 09, 2022 9:47am

RE:RE:Q1 Earnings Out

My guess is that the insiders take the company private by year end.The share price is a steal.
Post by microcaphobbyon May 09, 2022 9:22am

beat estimates by a wide margin

7-9 cents US expected.Watch for upgrades. Nice cash position. 
Comment by profitprophet1on May 09, 2022 9:17am

RE:Q1 Earnings Out

13 cents x 4= 52 cents x1.25 exchange = approx 65 cents Cdn for the year at this rate. Less than 4 multiple. Something has got to give eventually. Great quarter.
Post by Daudau11on May 09, 2022 8:39am

Q1 Earnings Out

GEODRILL REPORTS RECORD FIRST QUARTER 2022 FINANCIAL RESULTS T.GEO | 1 hour ago -Operational Excellence Drives Record Profitability ...more  
Post by microcaphobbyon May 03, 2022 1:37pm

increasing dividend to 3 cents form 1 cent indicates

business to improve this year. Watch for the share price to creep up by end of week.
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