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).

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Geodrill Limited

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Post by stockfyon Jun 12, 2024 4:03am

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Post# 36084125

Geodrill (GEO) is dirt-cheap at the current price levels

There is no question that Geodrill (GEO on the Toronto board, GEODF in the US) recently announced excellent Q1 2024 results.

Specifically, GEODF announced strong sequential revenue and EBITDA growth Revenue along with bright outlook including more rigs compared to prior year period.

So Revenue and EBITDA are expected to exceed $140 million and $30 million, respectively, in 2024.

Meanwhile, its Enterprise Value currently is only about $75 million, so its current Enterprise Value is only 0.5 times its Revenue and only 2.5 times its EBITDA.

All amounts are in USD.

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