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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

Post by ubiquitousmanon Nov 11, 2022 9:55am
174 Views
Post# 35091147

another good/great quarter....

another good/great quarter....the problem is the market cap of this company is too small to attract any institutional buying.
Should be trading at least at $2.5-$3 USD in my opinion. Maybe today's results/call will move
it up a little. I will be listening to day to hear if there is any further info on possible sale of company.
the president has said in the past that that is probably the "end game". $4 USD is my target over
next 12 months.  Could use gold over $2000USD to generate a little more interest here.  just my
opinions/thoughts.
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