New Risk • May 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$134.0m (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$134.0m market cap, or US$97.6m). Reported Earnings • May 12
First quarter 2026 earnings released First quarter 2026 results: Revenue: US$48.4m (flat on 1Q 2025). Net loss: US$109.0k (down 102% from profit in 1Q 2025). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 13
Geodrill Limited to Report Q1, 2026 Results on May 11, 2026 Geodrill Limited announced that they will report Q1, 2026 results Pre-Market on May 11, 2026 New Risk • Mar 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$139.1m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$139.1m market cap, or US$99.9m). Announcement • Mar 10
Geodrill Limited, Annual General Meeting, May 11, 2026 Geodrill Limited, Annual General Meeting, May 11, 2026. Recent Insider Transactions Derivative • Mar 03
Chief Operating Officer exercised options to buy CA$155k worth of stock. On the 28th of February, Terry Burling exercised options to buy 42k shares at a strike price of around CA$1.94, costing a total of CA$82k. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. Since March 2025, Terry has owned 2.61m shares directly. Company insiders have collectively bought CA$127k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 03
Full year 2025 earnings released: US$0.03 loss per share (vs US$0.20 profit in FY 2024) Full year 2025 results: US$0.03 loss per share (down from US$0.20 profit in FY 2024). Revenue: US$184.9m (up 29% from FY 2024). Net loss: US$1.53m (down 117% from profit in FY 2024). Revenue is forecast to stay flat during the next 2 years compared to a 20% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Feb 02
Geodrill Limited to Report Q4, 2025 Results on Mar 02, 2026 Geodrill Limited announced that they will report Q4, 2025 results Pre-Market on Mar 02, 2026 Reported Earnings • Nov 16
Third quarter 2025 earnings released: US$0.031 loss per share (vs US$0.057 profit in 3Q 2024) Third quarter 2025 results: US$0.031 loss per share (down from US$0.057 profit in 3Q 2024). Revenue: US$39.0m (up 14% from 3Q 2024). Net loss: US$1.36m (down 151% from profit in 3Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Oct 09
Geodrill Limited to Report Q3, 2025 Results on Nov 13, 2025 Geodrill Limited announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025 Reported Earnings • Aug 12
Second quarter 2025 earnings released: EPS: US$0.11 (vs US$0.10 in 2Q 2024) Second quarter 2025 results: EPS: US$0.11 (up from US$0.10 in 2Q 2024). Revenue: US$50.4m (up 22% from 2Q 2024). Net income: US$5.44m (up 12% from 2Q 2024). Profit margin: 11% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jul 10
Geodrill Limited to Report Q2, 2025 Results on Aug 11, 2025 Geodrill Limited announced that they will report Q2, 2025 results Pre-Market on Aug 11, 2025 Reported Earnings • May 13
First quarter 2025 earnings released: EPS: US$0.12 (vs US$0.045 in 1Q 2024) First quarter 2025 results: EPS: US$0.12 (up from US$0.045 in 1Q 2024). Revenue: US$48.8m (up 41% from 1Q 2024). Net income: US$5.61m (up 167% from 1Q 2024). Profit margin: 12% (up from 6.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • May 12
New major risk - Revenue and earnings growth Earnings have declined by 0.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$2.89, the stock trades at a trailing P/E ratio of 10.6x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 7.7% over the past three years. Announcement • Apr 14
Geodrill Limited to Report Q1, 2025 Results on May 12, 2025 Geodrill Limited announced that they will report Q1, 2025 results Pre-Market on May 12, 2025 Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Peter Prattas was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 17
Geodrill Limited, Annual General Meeting, May 12, 2025 Geodrill Limited, Annual General Meeting, May 12, 2025. Reported Earnings • Mar 04
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.20 (up from US$0.083 in FY 2023). Revenue: US$143.1m (up 9.6% from FY 2023). Net income: US$9.26m (up 137% from FY 2023). Profit margin: 6.5% (up from 3.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.1%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Feb 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$144.3m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Announcement • Feb 03
Geodrill Limited to Report Q4, 2024 Results on Mar 03, 2025 Geodrill Limited announced that they will report Q4, 2024 results Pre-Market on Mar 03, 2025 Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: US$0.06 (vs US$0.062 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.06 (up from US$0.062 loss in 3Q 2023). Revenue: US$34.1m (up 13% from 3Q 2023). Net income: US$2.68m (up US$5.57m from 3Q 2023). Profit margin: 7.9% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Oct 18
Aurum Resources Limited (ASX:AUE) entered into a Bid Implementation Agreement to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million. Aurum Resources Limited (ASX:AUE) entered into a Bid Implementation Agreement to acquire Mako Gold Limited (ASX:MKG) from Dundee Corporation (TSX:DC.A), SPARTA Invest AG, DELPHI Unternehmensberatung Aktiengesellschaft and Geodrill Limited (TSX:GEO), David Harper and others for AUD 18.5 million on October 16, 2024. Mako shareholders will receive 1 Aurum share for every 25.1 Mako shares Aurum will offer to existing holders of the Class A Options, consideration of 1 AUE share for every 170 Class A Options held and Class B Options, consideration of 1 AUE share for every 248 Class B Options held. The transaction is subject to approval of merger agreement by target board. The expected completion of the transaction is November 25, 2024.
Euroz Hartleys Limited acted as legal advisor to Mako Gold. HopgoodGanim and Allion Legal acted as legal advisor to Aurum Resources. Announcement • Oct 10
Geodrill Limited to Report Q3, 2024 Results on Nov 11, 2024 Geodrill Limited announced that they will report Q3, 2024 results Pre-Market on Nov 11, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: US$0.10 (vs US$0.043 in 2Q 2023) Second quarter 2024 results: EPS: US$0.10 (up from US$0.043 in 2Q 2023). Revenue: US$41.2m (up 26% from 2Q 2023). Net income: US$4.88m (up 145% from 2Q 2023). Profit margin: 12% (up from 6.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 16
Geodrill Limited to Report Q2, 2024 Results on Aug 12, 2024 Geodrill Limited announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Aug 12, 2024 Recent Insider Transactions • Jun 30
President recently bought CA$80k worth of stock On the 27th of June, David Harper bought around 40k shares on-market at roughly CA$2.01 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • May 13
First quarter 2024 earnings released: EPS: US$0.04 (vs US$0.13 in 1Q 2023) First quarter 2024 results: EPS: US$0.04 (down from US$0.13 in 1Q 2023). Revenue: US$34.7m (down 7.7% from 1Q 2023). Net income: US$2.10m (down 66% from 1Q 2023). Profit margin: 6.1% (down from 16% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 17
Geodrill Limited to Report Q1, 2024 Results on May 13, 2024 Geodrill Limited announced that they will report Q1, 2024 results Pre-Market on May 13, 2024 Announcement • Mar 22
Geodrill Limited, Annual General Meeting, May 13, 2024 Geodrill Limited, Annual General Meeting, May 13, 2024. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$2.06, the stock trades at a trailing P/E ratio of 18.3x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$1.05 per share. Reported Earnings • Mar 05
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$0.08 (down from US$0.41 in FY 2022). Revenue: US$130.5m (down 5.8% from FY 2022). Net income: US$3.90m (down 79% from FY 2022). Profit margin: 3.0% (down from 14% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Announcement • Feb 06
Geodrill Limited to Report Q4, 2023 Results on Mar 04, 2024 Geodrill Limited announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Mar 04, 2024 Reported Earnings • Nov 15
Third quarter 2023 earnings released: US$0.06 loss per share (vs US$0.077 profit in 3Q 2022) Third quarter 2023 results: US$0.06 loss per share (down from US$0.077 profit in 3Q 2022). Revenue: US$30.3m (down 14% from 3Q 2022). Net loss: US$2.89m (down 180% from profit in 3Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
Geodrill Limited Decides Not to Declare the Second Semi-Annual Dividend in 2023 The board of directors of Geodrill Limited has therefore decided not to declare the second semi-annual dividend in 2023. The dividend position will be reviewed again in 2024. The declaration, timing, amount and payment of future dividends remain at the discretion of the board of directors. Buying Opportunity • Nov 01
Now 38% undervalued after recent price drop Over the last 90 days, the stock is down 41%. The fair value is estimated to be CA$2.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 34%. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CA$1.82, the stock trades at a trailing P/E ratio of 4.1x. Average forward P/E is 13x in the Metals and Mining industry in Canada. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$2.99 per share. Announcement • Oct 13
Geodrill Limited to Report Q3, 2023 Results on Nov 13, 2023 Geodrill Limited announced that they will report Q3, 2023 results Pre-Market on Nov 13, 2023 New Risk • Aug 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$129.0m (US$96.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (CA$74k sold). Market cap is less than US$100m (CA$129.0m market cap, or US$96.0m). Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: US$0.04 (vs US$0.13 in 2Q 2022) Second quarter 2023 results: EPS: US$0.04 (down from US$0.13 in 2Q 2022). Revenue: US$32.6m (down 17% from 2Q 2022). Net income: US$1.99m (down 66% from 2Q 2022). Profit margin: 6.1% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Geodrill Limited to Report First Half, 2023 Results on Aug 08, 2023 Geodrill Limited announced that they will report first half, 2023 results on Aug 08, 2023 Recent Insider Transactions • May 20
Insider recently sold CA$74k worth of stock On the 15th of May, Stephan Rodrigue sold around 24k shares on-market at roughly CA$3.08 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: US$0.13 (vs US$0.13 in 1Q 2022) First quarter 2023 results: EPS: US$0.13. Revenue: US$37.6m (up 12% from 1Q 2022). Net income: US$6.13m (up 3.0% from 1Q 2022). Profit margin: 16% (down from 18% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Recent Insider Transactions Derivative • Apr 23
Independent Chairman of the Board exercised options to buy CA$105k worth of stock. On the 19th of April, Samuel Bingham exercised options to buy 30k shares at a strike price of around CA$2.00, costing a total of CA$60k. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. Since June 2022, Samuel has owned 422.50k shares directly. Company insiders have collectively bought CA$2.6m more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Mar 10
Upcoming dividend of US$0.029 per share at 2.6% yield Eligible shareholders must have bought the stock before 17 March 2023. Payment date: 10 April 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (2.3%). Reported Earnings • Mar 07
Full year 2022 earnings released: EPS: US$0.41 (vs US$0.31 in FY 2021) Full year 2022 results: EPS: US$0.41 (up from US$0.31 in FY 2021). Revenue: US$138.6m (up 20% from FY 2021). Net income: US$18.9m (up 34% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Geodrill Limited to Report Q4, 2022 Results on Mar 06, 2023 Geodrill Limited announced that they will report Q4, 2022 results Pre-Market on Mar 06, 2023 Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 15% share price gain to CA$3.19, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 17x in the Metals and Mining industry in Canada. Total returns to shareholders of 109% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: US$0.077 (vs US$0.039 in 3Q 2021) Third quarter 2022 results: EPS: US$0.077 (up from US$0.039 in 3Q 2021). Revenue: US$35.2m (up 29% from 3Q 2021). Net income: US$3.61m (up 106% from 3Q 2021). Profit margin: 10% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: US$0.08 (vs US$0.039 in 3Q 2021) Third quarter 2022 results: EPS: US$0.08 (up from US$0.039 in 3Q 2021). Revenue: US$35.2m (up 29% from 3Q 2021). Net income: US$3.61m (up 106% from 3Q 2021). Profit margin: 10% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Oct 15
Geodrill Limited to Report Q3, 2022 Results on Nov 11, 2022 Geodrill Limited announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 11, 2022 Announcement • Sep 28
Geodrill Limited Declares Semi-Annual Dividend, Payable on October 21, 2022 Geodrill Limited announced that the Board of Directors has declared a semi-annual dividend. The semi-annual dividend, in the amount of CAD 0.03 per share, is payable on October 21, 2022 to the shareholders of record at the close of business on October 7, 2022. This second semi-annual dividend for 2022 will result in a total of CAD 0.06 being returned to shareholders in 2022. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: US$0.13 (vs US$0.088 in 2Q 2021) Second quarter 2022 results: EPS: US$0.13 (up from US$0.088 in 2Q 2021). Revenue: US$39.2m (up 28% from 2Q 2021). Net income: US$5.89m (up 49% from 2Q 2021). Profit margin: 15% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 21% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Geodrill Limited to Report Q2, 2022 Results on Aug 08, 2022 Geodrill Limited announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 08, 2022 Recent Insider Transactions Derivative • May 11
Chief Operating Officer exercised options to buy CA$589k worth of stock. On the 9th of May, Terry Burling exercised options to buy 270k shares at a strike price of around CA$2.14, costing a total of CA$578k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since June 2021, Terry has owned 2.26m shares directly. Company insiders have collectively bought CA$807k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • May 10
First quarter 2022 earnings released: EPS: US$0.13 (vs US$0.13 in 1Q 2021) First quarter 2022 results: EPS: US$0.13 (up from US$0.13 in 1Q 2021). Revenue: US$33.4m (up 8.9% from 1Q 2021). Net income: US$5.95m (up 5.3% from 1Q 2021). Profit margin: 18% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 10
Geodrill Limited Approves Appointment of Dave Harper as Director Geodrill Limited announced that at its AGM held on May 9, 2022, shareholders approved the appointment of Dave Harper as director. Announcement • Apr 12
Geodrill Limited to Report Q1, 2022 Results on May 09, 2022 Geodrill Limited announced that they will report Q1, 2022 results Pre-Market on May 09, 2022 Recent Insider Transactions • Mar 30
Corporate Secretary recently sold CA$153k worth of stock On the 25th of March, Victoria Prentice sold around 60k shares on-market at roughly CA$2.55 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$764k more than they bought in the last 12 months. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.31 (up from US$0.17 in FY 2020). Revenue: US$115.2m (up 40% from FY 2020). Net income: US$14.1m (up 88% from FY 2020). Profit margin: 12% (up from 9.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Board Change • Mar 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Director Ron Sellwood was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 15
Geodrill Limited to Report Q4, 2021 Results on Mar 07, 2022 Geodrill Limited announced that they will report Q4, 2021 results Pre-Market on Mar 07, 2022 Recent Insider Transactions • Nov 27
Independent Director recently sold CA$553k worth of stock On the 25th of November, Johnny Ciampi sold around 257k shares on-market at roughly CA$2.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$603k more than they bought in the last 12 months. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS US$0.04 (vs US$0.044 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$27.2m (up 44% from 3Q 2020). Net income: US$1.75m (down 11% from 3Q 2020). Profit margin: 6.4% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 19% share price gain to CA$2.38, the stock trades at a trailing P/E ratio of 6.3x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 43% over the past three years. Upcoming Dividend • Aug 18
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 24 August 2021. Payment date: 08 September 2021. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (4.5%). Lower than average of industry peers (1.6%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.09 (vs US$0.074 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$30.6m (up 47% from 2Q 2020). Net income: US$3.97m (up 21% from 2Q 2020). Profit margin: 13% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Jun 16
President exercised options to buy CA$165k worth of stock. On the 14th of June, David Harper exercised options to buy 60k shares at a strike price of around CA$1.62, costing a total of CA$97k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since March 2021, David has owned 18.08m shares directly. Company insiders have collectively bought CA$515k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jun 11
Corporate Secretary recently sold CA$50k worth of stock On the 7th of June, Victoria Prentice sold around 20k shares on-market at roughly CA$2.52 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$50k more than they bought in the last 12 months. Recent Insider Transactions • Jun 09
Corporate Secretary recently sold CA$50k worth of stock On the 7th of June, Victoria Prentice sold around 20k shares on-market at roughly CA$2.52 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$50k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 37% share price gain to US$2.68, the stock trades at a trailing P/E ratio of 7.5x. Average forward P/E is 11x in the Metals and Mining industry in Canada. Total returns to shareholders of 26% over the past three years. Reported Earnings • May 14
First quarter 2021 earnings released: EPS US$0.13 (vs US$0.003 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$30.7m (up 70% from 1Q 2020). Net income: US$5.66m (up US$5.54m from 1Q 2020). Profit margin: 18% (up from 0.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Mar 13
President exercised options to buy CA$528k worth of stock. On the 10th of March, David Harper exercised options to buy 270k shares at a strike price of around CA$0.79, costing a total of CA$213k. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. Since March 2020, David's direct individual holding has increased from 17.69m shares to 17.81m. Company insiders have collectively bought CA$364k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Mar 12
Geodrill Limited, Annual General Meeting, May 12, 2021 Geodrill Limited, Annual General Meeting, May 12, 2021. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS US$0.17 (vs US$0.088 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$82.4m (down 5.7% from FY 2019). Net income: US$7.52m (up 94% from FY 2019). Profit margin: 9.1% (up from 4.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue beats expectations Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 19%, compared to a 46% growth forecast for the Metals and Mining industry in Canada. Is New 90 Day High Low • Mar 10
New 90-day high: CA$1.94 The company is up 20% from its price of CA$1.61 on 08 December 2020. The Canadian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$11.97 per share. Announcement • Feb 17
Geodrill Limited to Report Q4, 2020 Results on Mar 08, 2021 Geodrill Limited announced that they will report Q4, 2020 results Pre-Market on Mar 08, 2021 Is New 90 Day High Low • Feb 11
New 90-day high: CA$1.89 The company is up 2.0% from its price of CA$1.85 on 12 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$12.24 per share.