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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 FrozenInOntarioon Aug 09, 2022 8:52pm
142 Views
Post# 34883464

RE:RE:RE:Who is selling?

RE:RE:RE:Who is selling?You might have a point on the listing, they did mention in an interview a few months ago that an uplist in the States was not worth it.
Layne is on the block since january/february and Granite has not find a buyer for them also.   While they do not provide a lot of information, interesting to see that it was profitable this quarter, more thant what they kept.
The problem : who will buy Layne or GEO ?    Major can if it fits within their strategy but otherwise, the other top players (Boart, Foraco) are still quite levered.
GLTA
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