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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 FrozenInOntarioon Nov 09, 2021 1:13pm
131 Views
Post# 34105553

RE:RE:Quarterly results thursday before opening- then conf. call

RE:RE:Quarterly results thursday before opening- then conf. callI concur also that GEO should post excellent results.   However, note that Capital, despite posting stellar results for the June-Sept quarter (sales results only as they report on a semester basis) and also increasing their guidance for the 4th quarter, did not see any pop when they posted results.  So the sale could last a bit longer.   No idea why this is trading this low, unless the market is already forecasting the end on the cycle.    Anyway, this gives some time to add to this position as well as the other drillers until they rerate.

GLTA, 
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