Woodside did. They got their holes much quicker and cheaper than the compitition could do. We got a bit over 700k for a couple of weeks work. And that was mates rates.
Not to be flipant though as some do have concerns the drill is not fully tested as the holes at Merridan are not at the full planned depth.
Obviously managment free comfortable the drill is ready to go and continue doing paid work. Thats more than fine by me, they are the experts, its Warren Stranges umpteenth drill rig, if he reckons to ready to work I reckon it probobly is. I would rather see it out earning the company money.
Some investors will continue to have concerns about the drill until its well into the next, being the first big contract. Im not worried as Ive had the tech pretty well explained to me and have confidence in the fact it will work and work better than anything else on the market, but if you are concerned yeppa27 thats natural. Keep doing your homework and pick an entry point to CKK thats suits your risk appetite, if you so choose to get in at all.
Hope that helps
Tretch
CKK Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
