Geodrill Limited GEODF

Bottom is in?

[drewmumaw]

Looks like the bottom is in on 11/3 at around CAD$1.63 (USD$1.22).

[DeepValueAlways]

  I believe that was the bottom too. You have to love these under followed microcaps small sums can make huge moves and create significant opportunities. IMO it is where the little guy should be fishing. We should be executing a long term multi rig contract with a senior miner soon. Maybe news before the holidays. Like they collected more of the A/R after the quarter. Believe they have the

[DeepValueAlways]

I need to learn how to cut and paste looks like I did it a few times, sorry

[drewmumaw]

Looks like broke the previous bottom with today's low of CAD$1.61 (USD$1.18). However, the higher-than-expected CPI brought almost everything down today. I'm buying with both hands at these levels. I think Mr. Harper will be able to pull a rabbit out of his hard hat in 2024. Abracadabra.

[colourama]

Agree - there has also been this automated selling by Virtu ITG Group which relentlessly pushes the price down. The sky isn't falling and this company is being massively discounted.

[drewmumaw]

I've never heard of Virtu ITG Group, but their website says they provide execution services, so they're probably helping an institution unload a large position. Some institutions might want out now that there's no dividend. There's not enough retail demand to absorb it, so we continue lower.

[colourama]

Seems like right around the end of January, the share price decided to turn lower for no apparent reason to me. I'll continue to add at these levels.