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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

Post by microcaphobbyon May 09, 2022 4:49pm
161 Views
Post# 34668498

pr re insider buying shares from later today

pr re insider buying shares from later today

In addition, on May 9, 2022 insiders of the Company exercised 1,170,000 options at an exercise price of CAD$2.14 for proceeds of approximately CAD$2.5M.

This represents approximately 2.5% of the issued ordinary share capital of the Company. "The exercise of options by insiders demonstrates the confidence insiders have in Geodrill and further aligns us with our shareholders," said Dave Harper, Chief Executive Officer of Geodrill.

In any other market, the share price would be be north of $3.00. We will get there, one way or the other.

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