Geodrill Limited T.GEO

poor IR

[microcaphobby]

THey issue great news on the dividend increase after the market closes on Friday and don't bother to mention the dividend increase in their year end results press release issued this morning.

[waldenpawned111]

Like it or not, these guys are drillers to the core. Promotion is for office folk. (I mean that as a compliment. Given the kind of cycle we're embarking on, it won't matter in the long run. 

[ubiquitousman]

Very well run company. President is major shareholder. Great call so far today. Coming out of 7 year down cycle, expecting excellent upcoming 5 plus years. 95% of their drilling is related to gold. I still think theyt earn 50 cents USD per share in 2022 and stock could end year in the $4 to $5 USD range. Just my opinions.

[FrozenInOntario]

And currently on net cash position, 7 new rigs (but Harper hinted to 9), all rigs fully spoken, except for 2 in Peru that should be book very soon.   The 5 new rigs in Egypt = Centamines contract as it calls for 5 rigs/5years.  Utlisation rate at 73% right now and pushing to 75.  Analyst asked "could we see a revenue number sort of close to 150 over the next two years? And

[profitprophet1]

Frozen, I assume the hint  of 9 rigs was in the conference call? I missed the call. Can you expand ? How did he "hint"? Thanks in advance.

[FrozenInOntario]

Hi, They have 71 Rigs.   From the conference call, Harper talked about rigs and said to a question. "But I think conservatively, we’ll end this year with call it 79 rigs, or probably just 80 realistically"  Read the transcript, the CFO answer that they do not give guidance.   And Harper follows with "I think your numbers aren't that far out. I'