they didn't complete Merriden because they were cash poor and couldn't afford to do it. I was told they didn't go back when they got cashed up because they didn't beieve they needed to and that the rig had shown its capabilities driling at 20m per hour and testing was completed of three different size casings with the new air hammer technology.
I think our issue atm is simply inexperienced staff and inexperienced board.
It has taken just over 6 months for the share price to go from over 20c to 5c so hope that once we get things right (hopefully within the next 6 months) we will see an even greater reversal.
If we don't have things bedded down by March/April then I will have major concerns.
and of course there may be someting from the CLRS by then also?
CKK Price at posting:
5.5¢ Sentiment: None Disclosure: Held
