BWZ,
I am with you on some of your comment. I also felt that Patersons were having a shot at Coretrack for not following through on a few things i.e. the drill at Merredin
What I did find of interest in their report was this:
?h Expansion options. CKK has the capacity to manufacture up to six GT3000 rigs in one year from its workshop in Perth with a build time of circa six months per rig. We anticipate that additional rigs would be funded from a combination of debt, equity and contract prepayments.
Now that I do not mind and if they need a CR to get six rigs on the go then I am all for it.
Coretrack also need to come clean with the contracts, there has been too much pussyfooting around with lack of news to us investors.
If the product is as good as what I believe it is, then lets get the ball rolling.
I also noted in Patersons report that Coretrack only have a 10 year period on this rig so IMO every day we delay in producing the rigs is a day lost to me.
So come on Coretrack lift your game.
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