Geodrill Limited T.GEO

Alternate Symbol(s): GEODF

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 > A question to the wise re: inventories. They are $34 mill US

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Post by drunk@noonon Aug 29, 2024 8:24am

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Post# 36200855

A question to the wise re: inventories. They are $34 mill US

almost 50 mill Cdn. What excactly are these inventories. And why is the level so high? Are these supplies or equipment used up during the drilling of holes? JAnd are there for are recognized as expenses as the revenue is recognives. just wondering what these invintories are vs being classified as equipment. It is a large number.
Thanks in advance.

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