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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 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 ubiquitousmanon Oct 16, 2021 9:51am
151 Views
Post# 34013250

RE:RE:Last investor presentations

RE:RE:Last investor presentationsI saw that. One of the problems is with a sub $100 million market cap no institutional money will
buy into this outfit. Word needs to get out to retail investors that this is an undervalued little
gem and things seems to be moving in the right direction for it. Good to see the company trying to get the word out, of course the most important thing is for them to keep focusing on driving the business and inreasing earnings. I will be interested to see when they release thrid quarter results if they have bought back many shares. My 12 month target is now $4 (previously it was $3).
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