hmm, we all hope that there's a light at the end of the tunnel with ckk. The problem I have is that the core of the company - what it is named for - seems to be listed at the end of the highlights:
? Advanced commercial contract discussions with several geothermal/oil and gas companies
? Confirmation of first commercial revenue earned - $711K (Woodside Energy Ltd) over 20 days
? New premises for consolidated operations in Bibra Lake, Perth
? Core tool (CLRS) modifications underway after commercial trial
Please forgive me to try to read in between the lines...
"advanced commercial contract discussions....". No news
"confirmation ... of $711K". Great, doesn't even pay the salaries, does it?
"New premises..." No mention about the benefit.
"CLRS modifications underway after commercial trial". "Modifications", "underway after commercial trial".
Basically it's far from being useful in a production environment?
I still hold ckk shares and really appreciate the 13% gain today but to be honest, the outlook from this information sounds more like a desperate call from mgmt to believe in the project rather than anything else. I have mixed feelings.
market update
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