Bullboard - Stock Discussion Forum 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... see more

TSX:GEO - Post Discussion

Geodrill Limited > Amazing earnings!

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Post by askretka on May 12, 2021 9:52am

Amazing earnings!

I got my position at 1.80-1.85 and already got 1st divided payment as well. I wasn't expecting this though very nice! Cheers!

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Comment by savyinvestor333 on May 12, 2021 10:03am

All good as long as the big fund (Sustainable Capital) does not start selling again

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Comment by FrozenInOntario on May 12, 2021 10:29am

Well, an increase in rig utilization from 70% to 75% enable them to more than double their earnings and roughly double their EBIT from last quarter. Shows you the leverage of this business. No mention of their rates but drilling rates are bound to increase as capacity is constrained in term of rigs (or crews if they are like Foraco and MDI). Like the comment on " ...more

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