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Geodrill Limited T.GEO

Alternate Symbol(s):  GEODF

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

Comment by shareholders1on May 17, 2021 9:54pm
160 Views
Post# 33219733

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

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 way to look at it: If CEO owned 90% of the corp and the public 10%, and there was a 1% option plan, the public would get diluted 10% each year.

Not sure what you mean by negative dilution. That would require management to give up shares.

On moving on to another name/ driller - this is sometimes voiced by various managements in answering unhappy shareholders. I consider it a warning sign of management.s sense of entitlement. Such an attitude, especially if followed, leads to worse board and mangement practices, not better. 

If I do not like what the governing party is CDA or USA is doing, as a citizen, should I just move to another country? Yes according to some in GOP - suggesting certain democratic congresswomen move back to where they came from. Arrogant and distasteful to say the least.. People can fall into a trap of thinking this way. 

Same applies to stock (company) ownership. Ownership.
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