What a pity only those already with shares seem to get to know all these wonderful facts. Chand would be nearer right if the info was more readily available.
Alba, You lost me there, what information are non shareholders, or option holders not privy to?? Or are you referring to the delay from the time of the presentation, 14nov07, till when it was released? I think Lange is is very clever individual and pumps the information out as much as possible, with competitors and possible customers in mind, meaning he can't tell us everything. I think from reading a couple of posts on HC, Lange copped a bit of flack for his presentation, I think maybe they should listen again. Lange spoke for over 30minutes, but could have spoke much longer, bragging about the merits and achievements of NMS, eg the stainless steel weld underwater, and "fixing up a couple of boats for the navy", whatabout painting the Collins Class submarine for the Navy? Both noteworthy achievements and firsts. Overall he sounded very comfortable and knowledgeable, perhaps confident, even cocky!
In regard to Chand's forecasts, they're not much better than others, with respect to Chand, there is no analysis at all to substantiate them. Although he may be right on the money, and I hope he is.
I would like to know what the 2nd last question was that Lange responded to. It started referring to Labour, not the Labour Party, then mentioned high oil prices and perhaps that they are cheap now and how critical the US market is, and then the couple of nutters in Venezuela. The gist i got was that the looming worldwide financial crisis wasn't what he was referring to but upheavals in major oil supplying countries, have a negative affect on NMS, is that anyones else's take on it? If that is it, I thought essential services would be immune, except for a momentary dramatic drop and then a sharp rise as people park their money with solid companies, with potential. I can't see NMS's earnings being affected to much, as they are in such early days and anything they lose, they should pick up as more opportunities arise. Also he mentions how costs and demand has rocketed, ie rigs going from 60k a day to 240k, so due to demand, so I can't see NMS sitting around once the ball gets going, I think ,as their recruitment initiatives show, they will need all hands on deck, all the time.
5miilion on NEPSYS last year and 10million this year, yet the large 360degree weld for apache was 2.5million. And they have 3 NEPSYS jobs with Apache,ENI and Helix in GOM. It doesn't sound like many individual jobs for NEPSYS this year. But they do sound lucrative.
Son of Baglimit, I don't think R&D would figure much at all in a Master Service Agreement with BP. Lange referred to the CATS pipeline in in the North Sea and how they didn't fix the problem, but charged them for manufacturing a habitat for fixing it. So I take it they make them as they go and build them into the price. Here is a link for that pipeline, worth a look.
https://www.icmmed0ty.com/cats/login.asp