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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 colouramaon Feb 09, 2024 12:16pm
106 Views
Post# 35872518

RE:RE:RE:Buyout?

RE:RE:RE:Buyout?One would think that Harper must have someone sort of exit strategy at some point, but I don't see a sale at this moment with the depressed stock price. I feel that with the new drilling contracts starting up at end of Q3/beginning of Q4 last year (and the South American rigs back in action in Q4), we will see a reasonably strong Q4 result. I guess we will have to wait and see. The stock seems to have been dumped a little too harshly in my opinion.

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