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 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 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 approximately 76 drills and is made up of over 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).

TSX:GEO - Post by User

Geodrill Limited

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Post by luckydonon Sep 19, 2009 11:18am

287 Views

Post# 16321120

How's my Math?

I've read that the expected share price of GTO is going to be C $3.00.$0At this price the current WGP and GEO share price should be worth.$0$0WGP (0.0622) = 18.7 cents.$0$0GEO (0.2467) = 74 cents.$0$0$0$0$0If the GTO shares are $3.60 (I have also seen this number thrown about) then this is what the current share price should be (which is very close to Fridays closing)$0$0WGP = 22.4 cents$0$0GEO = 88.8 cents$0$0$0$0$0Sept 18 closing price$0$0WGP = 22 cents$0$0GEO = 84 cents$0$0$0$0$0$0$0

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