What I think Some other companies that popped up on my radar we may also be working with while doing some DD tonight, stumbled across some clues that relate to us directly, some could be past but I believe they are presently working with us.
Husky, Just like any other company in the pipeline industry Husky also has a Pipeline Abandonment and Corrosion Monitoring Team.
Zamil Holding Company in Saudi Arabia. It must also be obvious that we are also in talks with Saudi Aramco. I just don't believe that we will simply take over just a small portion of our competitions business in Saudi Arabia. But also their neighbors at basically the largest oil producing company in the world. Although I also read that Emerson/Rosemount built a large facility to work with SA directly in Saudi Arabia. So, if Emerson uses Rosemount, (They also make the temp TAT probes on both my son I's aircraft) Who do we use? Also, it cant be cheap I suspect! I really have no clue why we need temperature sensors like rosmount but maybe someone with a clue on corrosion could chime in.
I think the reason for our delay on the test run with the Saudi Arabia deal announced this summer is simply the size and scope of what the end-user/engineering company wants from us. IT services, training, impletinging etc I don't think 6-7 months is out of the question to do a trial run to determine whether or not your going to make a multimillion dollar contract with a small company. Really, we are competing with a total monster in the industry, it cant be easy to prove to a company that they made a mistake the first time, who has already spent millions on, "A big shiney company" Just to realize they should have gone with us in the first place. Probably a bit of pride on the line I suspect!
Bharat Oman Refineries Limited in India could also be our next customer I suspect.
I see this as basically a new company, a dozen or so irons (many are already customers) that will be coming to fruition this spring/fall. TransCanada, Sycrude, India, Africa, Russia, Saudi Arabia, Mitsubishi, US Military, TransNorthern Pipeline, Welspun, Whorrly Parsons. The list of customers go on!
I feel Augusta is basically a new company with Allen behind it all, maybe its off putting for me to even call it a start up but this stock was so beaten up and still now. I think he has the ability and resources/connections to take it back over a dollar. I am tired and will have to look tomorrow but exactly which contracts did we have before Allen took over? Did we have anything like we have now, with our former CEO? And where is he BTW ? Like I said Im tired, cant look anymore. Old eyes.
R