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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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Comment by BigA!on Nov 29, 2012 9:03am
137 Views
Post# 20658987

RE: RE: RE: This is tax loss selling folks nothing

RE: RE: RE: This is tax loss selling folks nothing

How about your source for the higher utilization rates? 

Trading at discount to current book, perhaps. What do you think book looks like after a few more bad quarters? 

And yes, if the co were sitting on a pile of debt it would likely take the course that BLY had a few years back, huge equity dilution. 

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