RE:Time to Buy?Sorry meant to reply here but too busy with ONC.TO have a pretty big position there and it's on a tear recently.
But back to GEO. TD target of $ 4.75 does seem achieveable.
This small cap does give back gains rather quickly it seems though but does rise over time. I think the resource sector is going through a super cycle and lots of drilling will be needed for sure. Rig count is up from 78 to 82 it looks like and they have an excellent utilizing rate 80% +??
Anyway I bought a core position at 1.80 to 1.85 about 2 years ago so good gain plus dividends. I probably need to trim a bit as has become too big a % of my portfolio with nice gains so if I'm thinking that I'm sure others might be in same boat and took profit recently. I'm just holding for now dividends aren't bad for such a small company and I like getting paid to wait. Don't get tax deduction credit for Canada as it's foreign registered unfortunately.
CEO commented recently that 15% of their contracts come from EV metals. CEO also commented that West Africa where they have most of their contracts and rigs at the moment hasn't been explored much for Lithium and could represent a big opportunity for them.
Buyout of company is still a possibility. Cheers!!!