Bullboard - Stock Discussion Forum 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... see more

TSX:GEO - Post Discussion

Geodrill Limited > pr re insider buying shares from later today

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Post by microcaphobby on May 09, 2022 4:49pm

pr re insider buying shares from later today

In addition, on May 9, 2022 insiders of the Company exercised 1,170,000 options at an exercise price of CAD$2.14 for proceeds of approximately CAD$2.5M.

This represents approximately 2.5% of the issued ordinary share capital of the Company. "The exercise of options by insiders demonstrates the confidence insiders have in Geodrill and further aligns us with our shareholders," said Dave Harper, Chief Executive Officer of Geodrill.

In any other market, the share price would be be north of $3.00. We will get there, one way or the other.

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