Our Third Stock Pick Geodrill

 Free stock investing Blog.  Invest at your own risk

19 Sept 2022

Our third Stock pick Geodrill is yet another potential buyout candidate over the next 12 months.

GEO .TO or GEODF on OCTQX 

Closing Price  $2.50 CDN or 1.90 US

1. Geodrill is a potential takeover target,. The CEO has made it clear he's ready to retire but no buyer yet and CEO is doing an excellent job to continue growing the company and paying a dividend now as well. CEO David Harper started the company with one drill rig and one contract in 1998.

2.  Recent youtube video by Radius Research will give you a lot of info on the company.

 https://www.youtube.com/watch?v=43Ofg-_DpPg

3. Geodrill uplisted recently to the 2nd tier OTCQX 

making it easier for US investors to purchase this interesting small cap company. It looked like it was going for a nice runup then the market crash happened.  I think this presents a good buying opportunity.

4.  Geodrill is a leading exploration drilling. company with operations in two (2) continents and five (5) countries, namely: Burkina Faso, Cote d'Ivoire, Mali in West Arica; Egypt in North Africa; and Peru in South America.

5. Two  new drilling contracts One in Egypt

For 54 million US in Egypt the largest in the company’s history.  

And another for Endeavor mining for 31 milloon US

The company stated recently that more contracts should be announced soon as well.

15% of the company’s contracts are now from "EV" metals.

PE = 5.43   Dividend. 2.40%

Shares issued.  46,821,400

We think Geodrill is an attractive takeover target

and could attract a buyout price of 5.00 CDN

A double of current price which is the goal of this blog to find stocks you can potentially double your money on in 12 months. 

















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