"My recollection was that the company was not cash-poor at the end of November"
Think your cash recollections haven't been too good mate.
Weren't you only recently saying we had plenty of cash?
I spoke to Matt Birney at the previous AGM and also had it verified so it isn't a W.S conspiracy :)
a bit more info about Merriden from WS
"The hours quoted for Merredin are rig hours. It might have took a few weeks to commission all of the gear and set up different casing size handling equipment but the rig hours include all bit changing, casing time etc. Good result and un matched by any other rig to date in Granite. I repeat again, there was no problem drilling with the water present at Merredin. If there was, we would not have been achieving 20 metres per hour while we were drilling."
CKK Price at posting:
3.3¢ Sentiment: None Disclosure: Held