One more sleep and we find out where the heck we are with the Merredin drilling . They have been carefully sorting this rig out , all the while it has been performing remarkably well .
News of a successful re-entry and powerhouse penetration rates should re-ignite interest . I think they are using a better bit this time around which could produce even better results with regard to penetration rates and bit wear .
I am not concerned with new contracts as I believe CKK hold all of the cards and any future contract will be to the advantage of CKK .
I am hoping they will be more forthcoming with news on their plans for the production of more rigs and perhaps an update on the progress , if any , on the newer more powerful GT5000 .
Roll on the Quarterly and goodbye to sub 20c SP .
CKK Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
