CKK 15.8% 1.6¢ coretrack limited

a very clever "big carrot"..thank you !, page-14

  1. 10,652 Posts.
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    lets just put 2+2 together here

    "The project has attracted interest from around the globe.

    Last year, Mr Crook and other delegates from Coretrack travelled to Chile to meet with the Chilean department of mining, who are interested in using the drill.

    Earlier this year the Chilean government entered negotiations with Globe Drill to potentially use the GT3000 to rescue the miners trapped underground in Chile.

    At present the Chilean government are using less powerful equipment to undergo their rescue operation, but plan to use the GT3000 if those fail."

    from the http://www.merredinmercury.com.au/news/local/news/general/crook-coengineers-worlds-most-powerful-drill/1969277.aspx?storypage=2
    link posted above

    and

    "As soon as we have secured LONG TERM contracts for the first rig we fully intend to recommence the manufacturing process again ..."
    from the entitlements issue announcement

    one of these rigs is heading to chile. a bit of time to for the Chilean department of mining to put a package of drilling programs together to warrant it heading overseas, for a decent period of time, a long time. While that's being sorted we need the carry-over cash requirement;
    but the first contract announcement will be a big, longer term one

    no poterring around in Aus waiting for the odd job here
    second rig may similarly go to the Philipines who have geothermal in their plans also

    go chile
 
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