with a $20 million market cap, these guys don't have to dominate this space for their to be serious gains to the sp. even a 5% market share would still be sufficient imho.
they own rigs & other related infrastructure to their business. have been profitable and paid dividends for the past 2-3 years which to me shows a degree of good corporate governance.
imho these guys have been hit hard and shocked by the loss of a couple of contracts but they should turn it around. id wait for some sp consolidation and look at entering again sometime down the track...
AUG Price at posting:
41.0¢ Sentiment: None Disclosure: Not Held