ckk meet, page-25

the BRR was done prior to the AGM. they said they wanted shareholder feedback of the brr at the agm.
Timing is not one of our strong points is it?

I spoke to WS a short time back and he indicated that he is looking to hire the gt3000 for the intitial stages of a multi billion dollar contract o/s should it go ahead. The gt3000 would be used to drill the first part of the hole.
There is enough work to keep 3 gt3000's busy for 3 years at least.
WS is building the bigger rigs required for this contract.
I believe he is over there now finalizing discussions.
I don't think it comes as a surprize to anyone to learn that WS and CKK do not get along all that well atm however it is good that the relationship door albeit via financial arrangements are still open.
Not sure whether the company will take him up on his offer to hire the gt3000 if he does bring back a signed contract but it would be good to lock in some long term stuff whilst we build a few more rigs.
So whilst things are not progressing as well as we all would like (slight understatement there) and there have been some issues at Telfer we are still really only in our infancy as a commercial drilling company and I still believe we will be many multiples of current share price in 12 months time. The words belief and hope however are getting a bit blurred so whilst I think the share price is very cheap atm, I couldn't maintain a buy sentiment with any confidence currently.