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Geodrill Limited GEODF


Primary Symbol: T.GEO

Metals & Mining Industrial Metals & Minerals
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

Geodrill Limited > Buyout?
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Comment by tripleon Feb 10, 2024 1:06pm
148 Views
Post# 35873873

RE:RE:RE:RE:RE:RE:Buyout?

RE:RE:RE:RE:RE:RE:Buyout?Bought yesterday. Even without buyout, it is a steal at this price. They can make at least 130 million revenue per year with 82 rigs. With very conservative 20% ebitda margin, that is 26 million ebitda per year. And it is USD. Some probably don't realize their reporting currency is USD but the stock is traded in CAD. I am also bullish on the gold upcycle trend. 
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Dealroom for high-potential pre-IPO opportunities