CKK 15.8% 1.6¢ coretrack limited

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  1. 1,878 Posts.
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    I'm not surprised the share price is holding up well. We no longer have any constraints holding us back. We are well funded for the year ahead with money left over to start some new rigs and contracts about to be signed. A few contracts plus $10 mil in the bank should make some debt funding possible.....leverage of 20-40% - I would be happy with. There is no need for people to sell down holdings to fund their piece of the capital raising so there should be no downward pressure on the share price. With all the focus on Globedrill I believe no value has been assigned to CLRS and the next 3 - 6 months will decide whether this tech is commercial or not. Being a holder since all CKK was, was CLRS, I believe it can be. All the pieces are finally falling into place. In the words of Kramer....Giddy up!!!
 
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Currently unlisted public company.

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