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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 shareholders1on May 18, 2021 5:18am

"Good Governance is Good Business" - Option Dilution

See below - copied from page 35 of Ontario Teachers Pension Plan - PDF document. The OTPP discusssion highlights the issue I was trying to identify. The OTPP document seems to indicate that there is ...more  
Comment by shareholders1on May 17, 2021 9:54pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?

If annual options of 1.5%, for all particpants, is say the norm/ is acceptable, I am saying that if you factor in what the CEO already owns he alone effectively gets 1.6%. That is too much. Another ...more  
Comment by FrozenInOntarioon May 17, 2021 5:56pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?

Hey, There is always a risk that management that holds a controlling interest in a company could make a move that would favor themselves and be unethical. If you think this is the case, move on to ...more  
Comment by shareholders1on May 17, 2021 1:32pm

RE:RE:RE:RE:RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?

Issuing options in mid March 2021 seems to be just taking value away from the public and handing it to Mgmt. That is not the idea behind options. If the public had info on revenues and contracts in ...more  
Comment by FrozenInOntarioon May 15, 2021 3:34pm

RE:RE:RE:RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?

Hey shareholders1, So to summarize : you think that the option package provided to management is too generous.  And you deem the timing suspect.    They did issue 750 000 options last ...more  
Comment by shareholders1on May 14, 2021 6:00pm

RE:RE:RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?

So an insider of a forest products company could buy shares 2 weeks before the Q end, knowing the current almost completed quarter's revenue numbers would be a blow out, and not be possibly ...more  
Comment by Craniumon May 14, 2021 10:46am

RE:RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?

Who could have know that drillers would be doing well with commodity prices soaring?  I was more shocked that TD didn't up their guidance after that call than I was with these earnings.  ...more  
Comment by shareholders1on May 14, 2021 10:27am

RE:RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?

So it is sufficient to announce an expected blow out Q1 on March 8 via conference call comment? Does that constitute "general disclosure" ?  Is it also OK to issue 690k options on ...more  
Comment by Craniumon May 14, 2021 7:15am

RE:RE:RE:Great Q1 results, but what trickles down to shareholders ?

Is it believable that management had no idea how good Q1 was going to be on March 15? No that is not believable because they told anyone who wanted to listen to the conference call on March 8 that Q1 ...more  
Comment by shareholders1on May 13, 2021 10:10pm

RE:RE:Great Q1 results, but what trickles down to shareholders ?

Options dilution - for just the 5 executives on page 10 of 2021 Circular, just the options listed total 2.796m.  Add 690k for ones issued March 15, 2021 and total becomes 3.486m. This does not ...more  
Comment by Craniumon May 13, 2021 9:39am

RE:Great Q1 results, but what trickles down to shareholders ?

GEO had a little over 42 million shares out 10yrs ago and has a little over 44 million out now, so it's harldly been a dilutive stock over the years.  The stock hae been flat over that ...more  
Comment by Popeye82on May 12, 2021 8:06pm

RE:RE:RE:RE:RE:Amazing earnings!

Just looked at their Website: At least 5 Analyst House covers them. Now the Upgrades will come..................................
Post by shareholders1on May 12, 2021 7:53pm

Great Q1 results, but what trickles down to shareholders ?

GEO operates in $US,(incluidng very generous US$ management remuneration)  but after years of debate decides to pay just a 2c dividend - in $Cdn ! CEO owns 40%, but on March 15, 420,000 options ...more  
Comment by Popeye82on May 12, 2021 7:30pm

RE:RE:RE:RE:Amazing earnings!

https://www.geodrill-gh.com/wp-content/uploads/2021/05/geo20210512.pdf
Comment by TimeScapeon May 12, 2021 3:45pm

RE:RE:RE:Amazing earnings!

13 cents US earnings, which would be approx 63 cents Cdn annually at that rate.  The stock is trading at less than 4 times that.
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