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 > All stocks eventually reach their true value

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Post by microcaphobby on Nov 11, 2022 10:32am

All stocks eventually reach their true value

There will always be a discount because they operate outside of North America but this is crazy.

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Comment by savyinvestor333 on Nov 11, 2022 10:51am

same situation with FAR another driller way undervalued. They are bigger and more diversified than GEO but way undervalued

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Comment by DrewJackson on Nov 14, 2022 3:05pm

But Foraco doesn't pay a dividend, Geodrill does.

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Comment by savyinvestor333 on Nov 14, 2022 3:10pm

Yes you are correct but remember it is not eligible for the Canadian Dividend Tax Credit anyway.

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Comment by DrewJackson on Nov 14, 2022 4:47pm

I'm not a Canadian investor so that doesn't apply to me, but it's useful for potential investors to be aware of. Geodrill is incorporated in the Isle of Man so most investors will be paying a foreign dividend tax.

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Geodrill Limited