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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 nodice7777on Nov 09, 2021 5:34pm
171 Views
Post# 34107072

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

RE:RE:RE:Quarterly results thursday before opening- then conf. callWhen this company was listed on the TSX 11 years ago, early days had it trading at roughly the same market cap as today yet the company had 18 rigs back then, whereas now they have 69 and are poised to produce record results!  It just goes to show you the sentiment towards mining related companies back then vs now. It's asinine that the stock is trading at this level but then again it's also asinine at that SHIBA which is a meme coin of a meme coin has a market cap of $27 billion. Lol.  Crypto is making the dot com mania look like a joke!

It's simply a matter of time before fundamentals asert themsleves.  You simply need to have patience....sometimes A LOT of it before it happens. 
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